SAP Solution: IFRS

Agricultural machinery manufacturer Claas has introduced a uniform chart of accounts for all 30 companies. This allows accounting processes to be standardized and financial reporting to be aligned with the internal management income statement.

E-3 Round Table with Petra Ellmerich, Regional Vice President at BlackLine, Reimund H. Kuche, Head of Corporate Accounting at Imperial Logistics International, Dr. Christoph Ernst, Senior Director Finance Solutions at SAP, and Martin Wolleswinkel, Managing Director and European Advisory Practice Leader at The Hackett Group.

SAP has published its financial figures for the fourth quarter and full year 2016 (January 1 to December 31).

SAP is doing well - due to the sustainable work of the past 40 years, the on-premise license revenue can be increased strongly again and again in the growing existing customer base.

Whether contracts with customers, partners or service providers - the daily business of every company is based on numerous agreements.

For many years, SAP was an honest partner and friend to existing customers. The well-known, global SAP community was born. Perhaps it was too good to be true. Now SAP has a new strategy: exclusion, autocracy and profit maximization.

It can be seen as SAP's new self-image that the annual balance sheet figures are only presented to analysts and journalists in a Walldorf back room - and this year, not even SAP CEO Bill McDermott was there in person.

At the beginning of 2012, the pharmaceutical group Dr. Willmar Schwabe commissioned the company cbs Corporate Business Solutions to replace the classic SAP general ledger with the Extended SAP ERP general ledger (New G/L - New General Ledger). The standard software cbs ET Enterprise Transformer was used for this purpose.