Developing Future-Oriented Reporting in a Short Time

Klöckner & Co

Our Services for Klöckner & Co


The task was the implementation of SAP BusinessObjects Financial Consolidation and SAP BusinessObjectsFinancial Information Management. Thanks to its many years of experience, Arvato Systems was able to achieve all the project goals. The company was also able to provide significant support for Klöckner, helping the relevant department learn to operate the system on its own. The close and trusting interaction with the customer and consultant teams, the company’s comprehensive industry expertise, and its many years of project experience were all decisive factors in the project’s success.

High degree of flexibility in analyses and simulations
Standardized system for complete group reporting
High level of data quality thanks to early data validation
Automated connection to previous systems
Accelerated financial statement generation processes

Thanks to the excellent cooperation we shared with Arvato Systems, our objectives and quality requirements were implemented within a short period of time.

Klöckner & Co SE
Background Situation

Klöckner & Co SE is a fast-growing company that currently has over one hundred units that need to be consolidated. The company also plans to expand in the future by means of acquisitions. In order to meet both its current and future requirements as well as to comply with IFRS accounting standards, the company decided to implement SAP BusinessObjects Financial Consolidation (SAP BOFC). This program was intended to replace the previous consolidation system (SAP FI-LC). With the implementation of the new system, an automated connection to the legacy systems and a high degree of userfriendliness in terms of data acquisition and validation on the reporting unit level were very important. At the same time, the system had to ensure that the financial statements were comprehensible.


Klöckner & Co SE and Arvato Systems formed a joint project team to implement the new system. As the implementation partner, Arvato Systems was able to share its many years of expertise in the operation and development of this system with the relevant department. During the implementation process, the project partners developed master data, interface definitions, data acquisition forms, analyses, and a method for implementing the consolidation logic. The interfaces necessary for establishing a connection to the previous systems were created with SAP BusinessObjects Financial Information Management (FIM). As a specialized ETL tool, FIM provides a highly automated connection to SAP and other systems. Any necessary transformations or adjustments can be made at any time. Moreover, all data up to the level of the original accounting records can be analyzed.


Integrated reporting with SAP BOFC allows for the consolidation of balance sheets, profit and loss statements, and cash flow statements, as well as segment reporting, all of which are carried out according to IFRS international accounting standards. In this system, data is structured in such a way that all the necessary analyses can be quickly and easily carried out. The multi-lingual report package contains all the information from and for the Klöckner Group’s international subsidiaries. While the disclosures for the individual subsidiaries once required reporting in Excel, this is no longer necessary. The support that the new system provides for the financial statement preparation process and the high level of automation in the Group’s coordination processes have significantly reduced the amount of work and coordination required at the company’s headquarters. The new system reduces the workload for employees working on the financial statement preparation process, allowing them to submit their reports earlier.

About Klöckner & Co

Klöckner & Co acts as a connecting link between steel producers and consumers. The Klöckner & Co Group’s core business is the distribution of steel and non-ferrous metals from warehouses. Approximately 90,000 mostly small to medium-sized steel and metal consumers, mainly from the construction industry, mechanical and plant engineering, the transport industry, as well as other metal processors, are supplied by around 150 locations with a total of approx. 7,300 employees in 13 countries with a focus on Europe and North America. The company generated sales of approximately 9.3 million euros with sales volumes of 4,679 tons in fiscal 2022.

Your Contact for Klöckner & Co

Achim Reupert
Expert for the Digital Transformation of the Manufacturing Industry