Bayer’s Strategic Migration to SAP S/4HANA and the Integration of Trintech’s Cadency Platform for Enhanced Financial Close Efficiency
Key Takeaways
⇨ Bayer aimed to streamline its financial processes by implementing Trintech's Cadency Platform as part of their migration to SAP S/4HANA, addressing sustainability and compliance issues that arose from their previous self-developed solution.
⇨ The implementation focused on maintaining compliance, transparency, and comprehensive workflow management, ensuring that all financial processes had defined approvals and could integrate with non-accounting departments like ServiceNow.
⇨ Bayer's strategic migration to SAP S/4HANA included a unified template for their ERP systems, division-specific features where necessary, and a phased roll-out plan to accommodate country-specific requirements, aiming for a full implementation across approximately 90 countries within 4-5 years.
To streamline finance during its SAP S/4HANA transition, Bayer adopted Trintech’s Cadency in 2020 to boost compliance and efficiency in reconciliation processes.