With 135,000 employees and sales of over € 20.1 billion, Continental is a global, innovative partner of the automotive industry.

Business Challenges

• Uniting internal and external accounting

• Consolidating in line with the legal structure and management hierarchy (matrix consolidation)

• Global training rollout

• Mapping of both internal and external group reporting requirements

• Evaluation of reports in group currency and local company currency

• Structuring of reports by purpose (monthly account, annual financial statement, planning)

Solution

The SAP SEM-BCS solution creates an ideal information basis for supporting the business strategy and optimizing operational enterprise management. Services include:

• As-is assessment and redesign of the consolidation process

• Business blueprint

• Creation of data model

• Customizing

• Data extraction and data entry

• Integration testing

• Reporting

• International user training

• Organization and management consulting

• Documentation for users and system administrators

Benefits

• Integration and standardization of reporting and financial statements

• Uniform, globally available Financial Data Warehouse

• Greater stability and operational security

• Mapping of IFRS international reporting standards

• Value management (EBIT / ROCE) at operational levels

• Flexibility for acquisitions and organizational changes

• More efficient processes and shorter lead times

“The Financial Reporting project was a key factor in optimizing our consolidation process. Atos (Siemens) fully lived up to our expectations. The professionalism of their consulting and work reinforced our belief that we are on the right track for the future with our partner.“

Bernhard Krönke, Head of Financial Reporting Systems, Continental AG

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