Optimized SAP S/4HANA for Biotech Profitability and Operational Efficiency
Overview.
A large US-based biotechnology research company was experiencing severe functional and operational issues with their S/4 HANA system post go-live and was unable to get reliable financials due to configuration issues. Hence the customer had engaged Coforge to investigate the system, make improvement recommendations and stabilize the system.
Multiple configuration/ process issues in areas of FI/CO, MM, SD.
Unreliable reporting capabilities related to profitability and costing.
S/4 HANA process knowledge gaps within Business users causing suboptimal system usage.
Scope for Technical improvements.
Solution.
Coforge assessed the scope and provided a best feasible solution and below are the key highlights.
Updated Material Valuation configuration, Forex, GR/IR process cleanup, Implementation of Accrual engine, Fixed Depreciation issues.
FIORI reporting assessment & remediation where possible; Finalized special reports for PO cash flow, Costing, Sales, Margin.
Updated Training & Process documentation; Special training on Costing month-end analysis, Pre-payment process, Asset lifecycle process.
Designed Data Archiving solution using the SAP Data Archiving Facility.
The impact.
Significant improvements in Profitability & Costing reporting.
New processes / improvements implemented for Currency valuation, Recurring accruals, Revenue adjustment, Depreciation, Asset Under Construction, PO Release strategy, etc.
Technical optimization through implementation of archiving solution.
Enhanced business reliance on financial reports and improved S/4HANA system usage.
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