Successful Go-Live of SAP S/4HANA for Group Reporting at DEVK
After a project duration of about one year, the DEVK and Convista project team successfully went live with the new SAP S/4HANA-integrated consolidation solution Group Reporting for the 2021 consolidated financial statements.
Together, we look back on an intensive and successful project phase and are pleased that we were able to make a further contribution to DEVK’s SAP strategy by replacing a non-SAP application.
Alexander Stabenow, Head of Kinex, Accounting and Central Application Partner at DEVK:
With SAP S/4HANA for Group Reporting, we opted for a modern, SAP-integrated consolidation solution. During the project, it quickly became clear that the application and the technically sophisticated dark processing of reporting data from non-SAP group companies would give us efficiency advantages compared to our previous processes. I am glad that we chose SAP S/4HANA for Group Reporting. For the successful implementation, I would like to thank my tireless and highly motivated colleagues as well as our very competent consulting partner Convista.
The project is not yet complete with the go-live in December 2021: In 2022, the consolidation according to Solvency II will be implemented as part of the next project phase.