Client Stories

Project Overview:

Aricord Consulting was approached by a large manufacturing client experiencing stability issues post SAP S/4HANA migration. The firm sought assistance in enhancing their operations across Make-To-Order (MTO), Make-To-Stock (MTS), Engineer-To-Order (ETO), and Margin Reporting areas.

Client Challenges:

The client faced significant challenges in integrating diverse manufacturing processes with the new SAP S/4HANA environment. Inefficiencies in MTO, MTS, ETO processes, and inaccurate margin reporting were leading to operational delays and financial inaccuracies.

Aricord’s Solution:

Aricord deployed a specialized team to stabilize the SAP S/4HANA migration. We developed customized solutions to streamline the client’s MTO, MTS, and ETO processes and implemented advanced analytics for precise Margin Reporting.

Outcomes:

• Elimination of long pending issue with SAP Controlling processes and gained business confidence in financial figures
• Reduction in process cycle time by 30%
• Improvement in margin accuracy by 40%
• Enhanced decision-making through real-time data analytics
• Successful stabilization of SAP S/4HANA environment

Client Satisfaction:

The client reported significant operational improvements and expressed high satisfaction with the streamlined processes and accurate reporting. This transformation has set a robust foundation for future scalability and efficiency. By employing Aricord’s deep expertise in SAP solutions and process optimization, the manufacturer now enjoys a stable, efficient, and future-proof digital environment.

Overview

In a pivotal finance transformation project, Aricord Consulting partnered with a prominent client to redefine and enhance their financial processes. The goal was to transition to SAP S/4HANA, focusing on a comprehensive redesign of the chart of accounts to embed built-in controls, thereby streamlining operations and improving reporting accuracy.

Client Challenge

The client, a multinational corporation with diverse financial operations, faced challenges in financial reporting due to an outdated and over-complicated chart of accounts. This complexity led to inefficiencies in transaction processing, reporting delays, and compliance risks. The firm sought to simplify its financial systems while ensuring robust controls were in place to support global operations.

Aricord’s Solution

Aricord embarked on a meticulous analysis of the client’s existing financial structure, identifying key areas for optimization. The solution entailed developing a streamlined chart of accounts tailored to the firm’s operational needs, integrated with SAP S/4HANA. This redesign was complemented by the implementation of advanced control mechanisms, ensuring accuracy, compliance, and real-time financial reporting.

Implementation and Results

The transformation project spanned over 3 months, involving close collaboration between Aricord’s experts and the client’s finance team. The result was a highly efficient, control-oriented financial framework that reduced reporting times by 40%, improved transactional accuracy, and significantly lowered compliance risks. The client reported a marked increase in satisfaction among finance personnel and external stakeholders, attributing this to enhanced financial clarity and operational efficiency.

Conclusion

Aricord Consulting’s partnership with the client in this finance transformation project demonstrates our commitment to leveraging SAP S/4HANA to deliver sophisticated, highly efficient financial solutions. The project not only met but exceeded client expectations, setting a new benchmark for financial operations excellence.

Project Overview

Aricord Consulting undertook a strategic project with a leading global consulting firm to transition their lease accounting practices in compliance with the new IFRS 15 standards. The mission was to implement the SAP Revenue Accounting and Reporting (RAR) solution to automate lease reporting and enhance financial accuracy.

Client Challenges

The client faced challenges in managing an extensive portfolio of leases across multiple countries, each with varying accounting standards and regulations. The lack of an integrated system led to manual data entry, increased errors, and non-compliance risks.

Aricord’s Approach

Aricord Consulting’s approach was multifaceted, starting with an in-depth analysis of the client’s existing lease management processes. We then designed and implemented a tailored SAP RAR solution, which automated lease data collection, calculation, and reporting. This solution ensured compliance with IFRS 15 standards and integrated seamlessly with the client’s existing SAP S/4HANA environment.

Outcomes and Benefits

The implementation was completed within the projected 9-month timeframe, resulting in a significant reduction in manual workload and increase in reporting accuracy. The client experienced improved operational efficiencies, transparency , and compliance with IFRS 15 standards. Post-implementation feedback highlighted substantial client satisfaction due to enhanced data integrity and financial control.

Conclusion

This case study exemplifies Aricord Consulting’s ability to deliver comprehensive, customized SAP solutions, driving significant business improvements and ensuring regulatory compliance. Our expertise in financial transformations enables clients to navigate complex regulations effortlessly while gaining operational efficiencies.

Client Profile:
A Fortune 500 auto financing company facing challenges with their existing subledger system due to inefficiencies, lack of real-time data access, and regulatory compliance issues.

Challenge:
The firm struggled with outdated legacy systems that hindered their operational efficiency and regulatory reporting capabilities. They required a modern solution to streamline processes, ensure compliance, and enhance decision-making.

Solution:
Aricord Consulting leveraged its expertise in SAP S/4HANA and SAP BTP to implement a comprehensive subledger system. This included:

• Project Planning and Assessment: Detailed analysis of current financial processes and system requirements.
• Custom Implementation: Tailoring the SAP S/4HANA solution including SAP FPSL to fit the unique needs of auto financing operations, and regulatory compliance modules.
• Data Migration and Validation: Ensuring secure and accurate data transfer from legacy systems to the new SAP environment.
• Training and Support: Providing extensive training to the client’s team

Results:
The implementation led to a significant transformation in the client’s financial operations:

• Efficiency: Streamlined processes and reduced month-end closing times by 50%.
• Compliance: Enhanced compliance with real-time reporting, resulting in a 30% reduction in audit times.

Client Testimonial:
The client praised Aricord Consulting’s expertise, commitment, and innovative solutions that revolutionized their financial systems and prepared them for future challenges and growth.

A prominent SaaS solution provider was facing significant challenges in their customer onboarding process, leading to extended implementation times and decreased customer satisfaction. The integration of their services with clients’ ERP systems, particularly for new customers, was complex and time-consuming.

Aricord’s Solution:

Aricord Consulting, leveraging its expertise in SAP S/4HANA and SAP BTP, embarked on a mission to enhance the client’s onboarding process. Our approach focused on automating the integration process with ERP systems, making it more efficient and less reliant on manual interventions. We implemented conversational AI to guide users through the onboarding process, alongside machine learning algorithms to predict and solve integration issues before they occurred.

Outcome:

• Reduction in onboarding time by 40%, from an average of 5 weeks to 3 weeks.
• Increase in customer satisfaction by 30%, as measured by post-onboarding surveys.
• Reduction in support tickets related to onboarding by 50%.
• The client observed a significant uptick in user engagement and retention, attributing a 20% increase in annual revenue to the enhanced onboarding experience.

Client Testimonial:

“The partnership with Aricord Consulting has been transformative for our business. Their innovative approach to streamlining our customer onboarding has not only improved our operational efficiency but also elevated our customer experience to new heights. Their expertise in SAP solutions and dedication to our success were evident throughout the project.”

Conclusion:

Aricord Consulting’s strategic intervention not only addressed the immediate challenges of customer onboarding but also positioned the SaaS provider for sustainable growth. This case study exemplifies Aricord’s commitment to leveraging cutting-edge technology to deliver impactful solutions, affirming our status as a visionary SAP partner dedicated to driving digital transformation.

Aricord Consulting embarked on a pivotal project with a prominent publishing client to migrate their legacy systems to SAP S/4HANA. This transformation aimed to modernize their operations, streamline financial reporting, and enhance regulatory compliance, leveraging our expertise in SAP S/4HANA and BTP Development.

Challenge

The client was operating on outdated systems that limited their operational efficiency and agility. The need for real-time financial reporting and compliance with evolving regulatory standards necessitated an upgrade to SAP S/4HANA.

Solution

Aricord Consulting devised a comprehensive strategy encompassing:

• Detailed assessment of the existing systems and processes.
• Helped create a value driver and business case for the entity to move to S/4HANA

Impact

• Helped define the business case of S/4HANA which was successfully presented.

Client Feedback

The client lauded the support on value driver and business case preparation and Aricord’s understanding of client’s process and S/4HANA.