Optimizing Financial Processes with SAP in the Telecommunications Industry
Background
Our client is a leading telecommunications company in the Asia region, focused on enhancing internal business processes through the implementation of advanced automation solutions.
The project aims to streamline key financial operations, including managing general ledger accounts, accounts receivable and payable, asset accounting, bank transactions, currency operations, and mandatory reporting.
Challenges
- Ensure automatic accounting operations
- Guarantee integration with other system modules
- Automatically generate mandatory and operational reporting
Solution Highlights
- Setting up standard SAP functionality, using our own solutions in order to ensure accounting in accordance with the country’s legislation.
Key Results
- Significant reduction in the entry of manual information
- Integration with other system modules (MM, SD, HR)
- Automation of global accounting processes in the system (depreciation calculation, currency transactions valuation, receivables and payables equalization)
- Significant reduction in the terms and labor intensity when preparing mandatory reporting