WALLDORF, Germany and NEW
YORK, June 18, 2024 /PRNewswire/ -- SAP SE
(NYSE: SAP) today announced Bain & Company, one of the world's
leading management consultancies, is now successfully running all
of its core financials in 40 countries on SAP S/4HANA Cloud Public
Edition. This marks a milestone for Bain & Company since the
firm embarked on an enterprise resource planning (ERP)
modernization project in 2020.
Choosing the Cloud to Support Future Growth
Having grown significantly over two decades, Bain & Company
now operates globally in over 65 offices. This growth, both organic
and through acquisitions, led to a rise in manual and localized
back-end processes, in addition to the challenges of integrating
acquired businesses into the wider company. For these reasons, Bain
& Company made the choice to migrate to the cloud with SAP
S/4HANA Cloud Public Edition.
"SAP S/4HANA Cloud Public Edition was the best ERP option to
meet our needs because of its standard processes, latest industry
best practices and continuously delivered innovation, and I believe
that adopting an SaaS solution will help future-proof our
technology stack as we continue to grow," Bain & Company Chief
Information Officer Ramesh Razdan
said. "We've already completed our first year-end close on SAP
S/4HANA Cloud Public Edition and are very pleased with the results
we've seen. I'm confident that we're on course to deliver
significant value from this implementation in the coming
years."
A Strategic Opportunity to Optimize Business
Operations
In implementing SAP S/4HANA Cloud Public Edition across its
global business in 40 countries, Bain was determined to realize the
full potential of its new ERP system. From the outset, the program
was owned by stakeholders from across both business and technology
functions with the goal of fully standardizing core processes end
to end and enabling its global users to deliver desired business
outcomes with the new technology.
Using its own ERP transformation teams and digital
transformation expertise to deliver a "business-led" technology
transformation of this magnitude, Bain worked together with SAP to
design and deliver its end-to-end "SAP S/4HANA Cloud Public Edition
modernization program." Additionally, Bain also invested in
significant change management and training efforts to ensure global
users were ready to harness the full value of SAP S/4HANA Cloud
Public Edition.
"We treated this as a business-led transformation in the same
way we advise our clients," Bain & Company CFO Steve McLaughlin said. "We standardized many
processes to create real business value and execution efficiency.
For example, we simplified and standardized our chart of accounts
enabling us to utilize SAP S/4HANA Cloud Public Edition, group
reporting to provide the management reporting our leaders need to
make timely decisions. Our business leaders and finance team have
owned our SAP S/4HANA Cloud Public Edition journey from day one,
which was a real key to our initial success and knowing we have
more to do."
Successful "Big Bang" Implementation Across the Globe
Bain is now live globally with fully standard processes
following a big-bang implementation across 40 countries. Today, it
has a system built around a standardized core, which has enabled
faster and better-informed decision-making, automated processes
that will lead to reduced manual work, quicker onboarding of
acquisitions, and seamless ERP upgrades and innovation.
"Bain & Company and SAP have been long-standing partners,"
said Scott Russell, chief revenue
officer and member of the Executive Board of SAP SE. "We are
delighted to support them in their journey to the cloud so that
they are poised to continue transforming their business as well as
the businesses of our joint customers. I look forward to seeing
Bain & Company fully utilize all the latest innovations,
including industry best practices and new technologies like
generative AI, available to them through SAP solutions."
Visit the SAP News Center. Follow SAP at @SAPNews.
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applications and business AI, SAP (NYSE: SAP) stands at
the nexus of business and technology. For over 50 years,
organizations have trusted SAP to bring out their best by uniting
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visit www.sap.com.
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SOURCE SAP SE