At a glance
Ultra Clean Technologies partnered with High Insight to automate its financial consolidation processes using SAP S/4HANA Group Reporting.
The transformation was designed to simplify and automate consolidation activities, including real time integration for actual data, intercompany eliminations, consolidation of Investments, standalone and consolidation reports while providing finance teams with faster access to consolidated financial information.
By moving toward a more automated consolidation framework, Ultra Clean Technologies improved the efficiency of its financial close process and strengthened reporting visibility.
The challenge
As the organization's financial operations evolved, consolidation activities required greater automation and standardization.
Manual consolidation activities and intercompany processes created opportunities to improve efficiency, accelerate the financial close, and provide finance teams with more timely and reliable consolidated information.
Ultra Clean Technologies needed a solution that could:
- Automate financial consolidation processes
- Streamline intercompany eliminations
- Reduce manual intervention in consolidation activities
- Accelerate the financial close cycle
- Improve visibility into consolidated financial results
- Establish a standardized and scalable consolidation framework
High Insight Approach
High Insight leveraged its specialized expertise in SAP Planning, Reporting and Consolidation to design and implement an automated consolidation solution using SAP S/4HANA Group Reporting.
The implementation focused on transforming key consolidation activities from manual processes into an integrated and automated consolidation process.
High Insight worked closely with the finance and technology teams to understand existing consolidation requirements, configure the solution, automate consolidation processes, and validate the results to support a smooth transition to the new operating consolidation model.
Business Impact
Automated Consolidation
Core consolidation activities were automated, reducing dependency on manual intervention and creating a more consistent consolidation process.
Streamlined Intercompany Eliminations
Intercompany elimination processes were automated within the consolidation framework, helping reduce manual effort and improve process efficiency.
Faster Financial Close
By automating key consolidation activities and streamlining the overall process, Ultra Clean Technologies was able to accelerate its financial close cycle.
Improved Financial Visibility
The integrated consolidation environment provided finance teams with improved visibility into consolidated financial results, supporting faster and more informed financial analysis.
Building a More Efficient Finance Function
The implementation of SAP S/4HANA Group Reporting enabled Ultra Clean Technologies to move toward a more automated and standardized approach to financial consolidation.
With High Insight's consolidation expertise and SAP's integrated technology platform, the organization established a stronger foundation for faster close cycles, automated consolidation, and improved financial visibility.
Client perspective
“The new environment has given our teams greater confidence in the reporting process while significantly reducing the effort required to complete each reporting cycle.”
