SunEdison Manages Cash Flow with SAP Business Planning and Consolidations

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SunEdison Manages Cash Flow with SAP Business Planning and Consolidations

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SunEdison Manages Cash Flow with SAP Business Planning and Consolidations

  1. 1. HOW SUNEDISON MANAGES CASH FLOW WITH SAP BUSINESS PLANNING AND CONSOLIDATION Speaker: Andrew Fresenburg Manager, Financial Reporting / Technical Accounting
  2. 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. 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. 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. 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. 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
  7. 7. THE CASH FLOW SOLUTION 7
  8. 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
  9. 9. Solution Design Overview SAP Automated Business Rules Timberline Cash Flow User Inputs Oracle BPC CONSOLIDATIONS MODEL Consolidated Cash Flow Reports 9
  10. 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. 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. 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. 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. 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
  15. 15. THANK YOU! WRAP UP & QUESTIONS 15

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