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

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strategic orientation and the speed, flexibility, and agility this requires, this reporting solution had become outdated.

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.”

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.