Countdown to Brexit: Urgent Actions for Businesses to Comply with New VAT and Customs Rules

Countdown to Brexit: Urgent Actions for Businesses to Comply with New VAT and Customs Rules

In December 2018, KMD was purchased by a Japanese Company called NEC. Changes occurred with the acquisition, such as the introduction of a new Global Chart of account. Furthermore, the fiscal year had to be changed. To adapt to these changes, KMD implemented an SAP S/4HANA for Group Reporting. This allowed KMD to reduce their closing cycle for Group Report from 8 business days to 4.
Attend this session to learn to learn how KMD accomplished the following:
- Improving data quality to autogenerate cash flow on the fly
- Decentralizing consolidation from corporate to local
- Creating the “perfect” balance for non-SAP S/4HANA Finance companies

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