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.

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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.

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