Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
SunEdison Manages Cash Flow with SAP Business Planning and Consolidations
1. HOW SUNEDISON MANAGES CASH FLOW WITH SAP
BUSINESS PLANNING AND CONSOLIDATION
Speaker:
Andrew Fresenburg
Manager, Financial Reporting /
Technical Accounting
2. Learning Points
Learn how SunEdison has improved and streamlined
their Cash Flow process using BPC
Hear how Sun Edison uses BPC business rules and flow
members in the Cash Flow process
Discover how SunEdison has rolled out Cash Flow
preparation to their Global Accounting organization
significantly reducing the cycle time to produce
Consolidated Cash Flow results
2
3. Learning Points
“Too often we measure everything and understand
nothing. The three most important things you need to
measure in a business are customer satisfaction,
employee satisfaction, and cash flow.”
- Jack Welch
3
4. SunEdison Company Overview
Location: St. Peters, MO
• Industry: High-tech Manufacturing
• Products and Services: Solar Energy and Silicon Wafers
• Employees: 5,633
• Revenue: $2.5B
•
4
5. Industry Challenges
•
Solar Energy is a relatively new
industry
•
The industry has seen periods of
rapid growth, expansion as well
rapid contraction, restructuring
•
Technology driven industry that is
constantly evolving and difficult to
stay on the cutting edge
5
6. Implementation Highlights
SAP RELEASE: BPC 10.0 NW
Data cleansing and mapping of three ERP systems into
SAP BW and integration with BPC
Financial consolidation model used to generate
consolidated financial statements based on legal and
management structures
Planning model for budgeting and forecasting with
data sourced from the consolidations model to drive
actual/budget/forecast variance analysis
6
8. Cash Flow Challenges & Opportunities
Global operations – needed the ability to
produce Cash Flow for 40+ consolidation points
Technical accounting standards drive
material Balance Sheet reclasses that have to
be backed out of the Cash Flow
Time consuming, manual Excel driven process
was being used to complete consolidated USD
Cash Flow statement
8
10. Solution Deep Dive – Automated Data Flow
• GL data from three source systems is
automatically loaded into the consolidations
model and flows through to the Cash Flow.
• Changes made at any of the 40+
consolidation points in LC flow to the
Consolidated Cash Flow Statement in USD
using BPC business rules and data manager
functionality.
• Effect of Exchange Rate calculations have
been automated through BPC Script logic.
10
11. Solution Deep Dive – Global Analysis
Global sites
now have
visibility and
have taken
ownership of
their own Cash
Flow
Statements
Global users
are able to quickly
analyze and
identify the
impact on Cash
Flow accounts
using a custom
input schedule
and flow
members
11
Cycle time to
produce the
consolidated
Cash Flow
Statement has
been
dramatically
reduced
12. Lessons Learned
• Do not underestimate the effort
required for design, implementation,
and testing.
• Involve the right business resources
early in the design process.
• Due to the typical Finance/Accounting calendar,
continuous management of resources is necessary.
• Align project priorities with leadership goals and
expectations – strong executive sponsorship is key.
12
13. Solution Success
The right partner and teamwork are keys to success.
Success requires a team effort between business users who
understand your company’s operations, challenges, and
objectives & a technology partner who understands
the technology and how to implement it.
13
14. Why SunEdison Chose Akili
• Akili is an SAP Gold Partner IT services firm specializing in:
o Enterprise Performance
Management
o Business Intelligence (BW/BI)
o ERP for Upstream Oil & Gas
o SAP HANA
o Mobility
o Cloud offerings for Afaria, BPC, BI, HANA
• Why Akili?
Business Focus
1 Genuine passion
for improving
our business
Expertise
2 Implementation
knowledge
14
Commitment
3 They always
deliver