Modern Group Reporting with SAP Financial Consolidation
Arvato Systems & BayWa
Our Services for BayWa
The SAP specialists from Arvato Systems supported the BayWa Group in replacing its legacy systems (including SAP EC-CS, Lucanet) with SAP Financial Consolidation and introducing an integrative approach for statutory corporate reporting pursuant to IFRS, management reporting, and financial planning. This allowed BayWa to achieve a greater degree of flexibility in its corporate reporting in terms of changing statutory provisions, acquisitional growth, and active portfolio management.
The Finance department can react with greater autonomy and more independently from service providers and the management can now make decisions based on facts. Restatements and simulations no longer present a particular challenge. Interfaces between corporate reporting tools and accounting systems are largely automated. BayWa can now also reap the technological benefits of the S/4HANA base system combined with planning tools and S/4HANA finance applications.
...and IFRS stock exchange reporting was sped up
Data quality was increased...
...financial compliance was improved, and audits can now be performed more easily by financial auditors
The tasks of the Finance department were re-focused...
...towards value-creating analysis activities, for example through the automation of interfaces
Flexibility in the financial reporting...
...was increased (acquisitional growth and more)
...of the S/4HANA base system were leveraged
The autonomy of the department...
"Arvato Systems accompanied us through the implementation project as a reliable and competent partner and used a participative approach to ensure knowledge was transferred to the Accounting and Controlling departments early on."
"The now Group-wide use of SAP Financial Consolidation helps us to significantly shorten the amount of time it takes to create statutory financial reports, to benefit from modern interfaces in an S/4HANA context, and also to operate management reporting via the new reporting platform integrated with financial information."
BayWa is a globally active group with the core segments of Agriculture, Energy and Building Materials, as well as the development segment Innovation & Digitalization. As a global player, it develops leading projects and solutions for the basic human needs of food, energy, and building. The headquarters of the parent company, which was founded in 1923, are in Munich, Germany. The company originated in the area of agricultural cooperative trading, with the mission to provide rural regions with everything they require for agriculture. The cooperative spirit and regional connectedness are still immensely important for the company. Traditionally, the core markets are in southern Germany and Austria, but BayWa’s international expansion has increased significantly in recent years, as part of our growth strategy. However, BayWa has since grown to become the largest agricultural trader in Germany and is one of the leading agricultural commodities trading companies in the world. The Renewable Energies business unit has become an important mainstay. BayWa r.e., which pools all activities in the field of renewable energies, has been very successful in advancing its project business worldwide.