FSN: ACE European Group selects SAP Business Planning and Consolidation (BPC)

ACE European Group selects SAP Business Planning and Consolidation (BPC)

15th October 2007
ACE European Group, the European arm of the global insurance company the ACE Group, has selected SAP Business Planning and Consolidation (BPC) software (formally known as OutlookSoft) to improve the efficiency and accuracy of group statutory and management reporting. SAP BPC will replace its Excel and Access-based reporting solutions.

SAP says the implementation of SAP BPC will enable ACE European Group to take advantage of a unified system with a strategic approach to reporting, the result being accurate, consistent and timely data delivered to senior management.

The financial reporting element will be implemented in the UK over the next three months, with the option to extend the solution to the rest of the European countries where ACE European Group operates.

“ACE European Group has expanded enormously over the past decade, and our reporting systems need to reflect this”, said John Turner, head of end user applications at ACE European Group. “We required a simple unified solution with an interface that was familiar to our users. The SAP BPC system will provide a central repository for all key financial data within ACE European Group, with the familiar user interface of Excel. This means users don't have the complication of learning how to use a new system; however the accuracy and consistency of reporting will be greatly improved and a single version of the truth will be delivered.”

Mike Hawes, Head of Office of the CFO SAP UKI concludes: “Our software is designed to create a ‘single version of the truth', which is exactly what ACE required. The unified solution SAP BPC supplies makes this process simple, as it replaces multiple reporting systems, applications and databases with a single, powerful, user friendly system, that has familiar interface styles such as Excel.

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