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ArvatoSystems_ChicagoExpress02_Hapag-Lloyd

Financial and Business Figures at the Push of a Button Thanks to SAP Financial Consolidation

Hapag-Lloyd

Our Services for Hapag-Lloyd

Logo_Kunde_Hapag-Lloyd

The Arvato Systems service range for this project includes process consulting, design, implementation, training employees, documentation, and support. We also realized the full legal consolidation, including automated cash flow accounting and annex reporting in line with the IFRS, as well as the mapping of subgroups.

IFRS-compliant consolidated financial statement covering all requirements
Consolidated balance sheet preparation at the push of a button
Reduced specialist department workload
Quick and easy data analysis
Maximum system flexibility
Ute_Frysch_Hapag-Lloyd

SAP Financial Consolidation allows us to present our quarterly and annual financial statements to our investors far more quickly. The new system works far more effectively.

Hapag-Lloyd
Background Situation

Hapag-Lloyd is a traditional logistics group with over 50 reporting units around the world. The group reports its quarterly and annual results in line with the International Financial Reporting Standards (IFRS). Hapag-Lloyd used to create its corporate financial statements in SAP EC-CS. However, in light of the group’s long-term strategic orientation and the speed, flexibility, and agility this requires, this reporting solution had become outdated.

Vision

Nowadays, a consolidation and reporting tool must quickly, precisely deliver financial and business figures at the push of a button. At the same time, it must satisfy the constantly growing requirements of international accounting as well as the needs of various investors to quickly access financial and business information. These reasons, among others, motivated Hapag-Lloyd’s decision to roll out the SAP Financial Consolidation (SAP FC) reporting tool. During the tool selection process, the company’s specialist and IT departments were impressed by this tool’s ability to quickly create subgroup financial reports, its options to quickly and intuitively run simulations with various consolidated companies and currencies, and its overall “look and feel.”

Solution

Arvato Systems implemented company-wide, IFRS-compliant reporting based on SAP Financial Consolidation. Drawing on its extensive expertise in rollout projects, Arvato Systems only took nine months to implement SAP FC and to fully replace the old system. Working closely together with the client’s accounting department, Arvato Systems successfully implemented the various different project phases in a targeted way. From establishing the required master data and designing the data entry forms, to creating the specialist concepts for consolidation logic and legacy data transfer, Hapag-Lloyd and Arvato Systems worked together as partners.

About Hapag-Lloyd

Hapag-Lloyd AG is one of the world’s leading container shipping groups. With over 150 modern ships, a transport volume of over five million standard containers per year, and approximately 7,000 employees, the group sets global standards in the logistics sector. Hapag-Lloyd generated €6.57 billion in turnover in 2013 from its 338 sites in 113 countries. The Hapag-Lloyd AG headquarters are located in Hamburg, Germany. Hapag-Lloyd has a broad ownership structure; parts of the group belong to the City of Hamburg (HGV mbh), Kühne Maritime GmbH, TUI, Signal Iduna, HSH Nordbank, an investor pool, and HanseMerkur, respectively.


Your Contact for Hapag-Lloyd

MA_Andreas_Maas_Commerce
Andreas Maas
Expert for S/4HANA Transformation & Finance