Bayer’s Strategic Migration to SAP S/4HANA and the Integration of Trintech’s Cadency Platform for Enhanced Financial Close Efficiency

Bayer’s Strategic Migration to SAP S/4HANA and the Integration of Trintech’s Cadency Platform for Enhanced Financial Close Efficiency

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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.

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