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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Richard Asquith Avalara
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Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.