How KMD Reduced Closing Time by 50% with SAP S/4HANA for Group Reporting

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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Christian Andersen KMD A/S
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Christian Andersen is a Principal Application Architect in KMD’s S/4-HANA Finance Team - with over 10 years of experience implementing SAP’s consolidation solutions. Christian was responsible for implementing the first S/4-HANA for Group Reporting in the Nordics in just 6 months. He has been responsible for some of the largest and most complex BPC implementation in the world. Prior to working with SAP consolidation products, Christian worked 10 years as an external auditor.