Fully Loaded Costs
About Company
A multinational industrial conglomerate operating across diverse manufacturing sectors, including automotive components, heavy machinery, and specialized engineering solutions. With complex cost structures spanning multiple product lines, joint ventures, and international subsidiaries, the organisation required sophisticated financial control capabilities to accurately allocate costs across its extensive portfolio of industrial operations and maintain profitability in highly competitive markets.
Services and Technology
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Challenge
- Time-consuming analysis of Full and Total costs
- Lack of integration with SAP and budgeting system
- Data merged in Excel from various SAP sources
- Complex calculations
Solution
Elitmind consultants provide end-to-end solutions that cover business data models on top of SAP BW and budgeting systems, featuring a dedicated set of controlling calculations and algorithms, data exploration and reporting features, and mobile reports based on Power BI.
Results
- Minimize the „Excel hell” effect, shorten and automate controlling analysis
- Provide integrated data model from various areas (actual, balance) from SAP and budgeting system
- Provide easy and quick data exploration capabilities
- Provide reports to management
- The solution could be fully applied in other controlling areas
- Time and cost reduction
Tailored for success
"The transformation was dramatic - we took controllers from spending days manually merging Excel files from different SAP systems to having real-time cost insights at their fingertips. The most rewarding moment was when the CFO told us that monthly cost analysis that used to take two weeks now happens automatically overnight, and the accuracy has improved significantly because we eliminated human error from the equation."
Our Approach
Establish comprehensive data models on top of SAP BW and budgeting systems, creating unified data architecture that consolidates actual costs, balance data, and budget information from multiple SAP sources into a single analytical platform.
Develop dedicated set of controlling calculations and algorithms specifically designed for total cost analysis, eliminating complex manual calculations and ensuring accuracy across all cost components.
Implement systematic approach to eliminate "Excel hell" by migrating manual data merging processes to automated, integrated data flows that maintain data integrity and reduce human error in cost analysis.
Deploy intuitive data exploration capabilities that enable controlling teams to quickly analyze cost data across different dimensions, drill down into details, and perform ad-hoc analysis without technical dependencies.
Create management-focused reporting suite with mobile Power BI reports that provide real-time access to fully loaded cost metrics, enabling decision-makers to monitor cost performance from anywhere
Design reusable solution framework that can be fully applied across other controlling areas, ensuring consistent methodology and enabling organization-wide cost management standardization.
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