Alexander & Baldwin Consolidates Multiple GL's with SAP BPC
“The benefits from SAP BPC include a significant reduction in time spent compiling our data and improvement in our ability to analyze data at a much greater level of detail. We have streamlined the close process and improved our ability to make decisions with greater transparency to our data.”
Denise Torres, Assistant Controller, Alexander & Baldwin
CHALLENGES AND OPPORTUNITIES
- Actual data was stored in multiple GL’s
- Completing consolidations for financial reporting was manual and labor intensive
- Lack of consistent processes for planning, budgeting and forecasting
OBJECTIVES
- Provide unified solution for all subsidiaries to manage cash flow, planning, budgeting and forecasting
- Improve transparency of data
- Streamline monthly close process
IMPLEMENTATION HIGHLIGHTS
- Consolidated actual financial data from six General Ledgers across multiple ERP solutions
- Provided a cash flow template to enable subsidiaries with one work paper methodology
WHY AKILI/SAP
- Functionality including familiar excel interface, security, and multi-level roll-up capability
- Professional sales process, demo and references
- Clarity of platform and product direction
BENEFITS
- Decrease manual processes and overall workload for accounting team
- Improved transparency of data
- Improved capability to provide detailed internal reporting for strategic decision support
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