At a glance
Globe Telecom, one of the Philippines’ leading telecommunications companies partnered with High Insight to modernize its financial consolidation and reporting environment by migrating from SAP BPC to SAP S/4HANA Group Reporting. The transformation automated real time data load for consolidation, Automation of currency conversion, intercompany eliminations, consolidation of investments, Top side adjustments and standardized management reporting—reducing reporting time by more than 60% while achieving 100% of data accuracy.
The challenge
As financial processes evolved, Globe Telecom needed a more modern and integrated approach to financial consolidation.
The existing SAP BPC environment presented opportunities to simplify consolidation activities, reduce manual processes, and improve the speed at which consolidated financial information could be made available to management.
The key objectives were to:
- Transition from SAP BPC to SAP S/4HANA Group Reporting
- Simplify and standardize the consolidation process
- Realtime Integration with SAP S/4HANA
- Accelerate the financial close process
- Improve visibility and accessibility of consolidated financial information
- Establish a scalable platform for future finance transformation
High Insight Approach
High Insight brought its specialized expertise in SAP Planning, Reporting and Consolidation to design and execute the migration.
The project followed a structured migration approach covering the assessment of existing BPC processes, consolidation requirements, solution design, configuration, data migration, validation and user adoption.
The implementation focused on ensuring that existing business requirements were carried forward while taking advantage of the capabilities of SAP S/4HANA Group Reporting.
High Insight worked closely with Globe Telecom's finance and technology teams to ensure a controlled transition with minimal disruption to ongoing financial operations.
Business Impact
The transformation delivered tangible improvements to Globe Telecom's financial consolidation processes including real time integration for financial consolidation.
Faster Financial Close
The move to an integrated S/4HANA Group Reporting environment helped streamline consolidation activities and accelerate the financial close process.
Simplified Consolidation
Previously complex consolidation activities were standardized and simplified, providing finance teams with a more structured and integrated consolidation process.
Reduced Manual Effort
Automation and integration reduced dependency on manual consolidation activities, allowing finance teams to spend less time on repetitive data preparation and reconciliation.
Better Reporting & Visibility
With consolidated information available through an integrated SAP environment, finance and management teams gained improved visibility into financial results and consolidation outcomes.
Client perspective
“The project allowed our finance teams to spend less time preparing information and more time understanding it. Faster access to reliable information has significantly improved the way we support business decisions.”
