Electra Private Equity (SAP BYD)

“The Clarivos team was somewhat unique as it included senior people with backgrounds in both accounting and IT. They spoke our language and understood our needs both practically and technically.

Electra

Outcomes

Rapid implementation

Built-in, extensive best practice from SAP’s decades of ERP experience

Scalable solution

Users can learn quickly

Ease of integration

Benefits of the cloud

The Challenge

• Creation of an in-house finance function

• New corporate structure requiring new finance

systems and processes

• Outsourced finance function did not align with

new strategic direction of the Group

• Need for visibility of current financial situation

and value of investment companies

‍

Technology in Action

Partner of the Year

SAP Business Planning & Consolidation (BPC)

Partner of the Year

Cloud ERP for Finance Teams

We were immediately impressed with SAP’s cloud ERP package.You could see how it would make our month-end processes more streamlined. It was somewhat surprising as I had always thought of SAP as something for large enterprises, and likely too expensive for our needs.

Project Deliverables

Fast implementation

Speedy month end close

Fast reporting and forecast updates

Automated consolidation and close

Readily accessible information

A single version of the truth

Visibility of investment and performance against targets

Knowledge transfer

Confidence in reporting and analysis for board level decision-making

“The Clarivos team was somewhat unique as it included senior people with backgrounds in both accounting and IT. They spoke our language and understood our needs both practically and technically.

Electra

Electra Private Equity (SAP BYD)

Electra Private Equity

Download Full Case Study

Outcomes

• SAP ByD and BPC solutions for core finance

and consolidation

• Ensure speedy month-end close, reporting and

forecast updates

• Automated processes around close and

consolidation

• Fast visibility of shared information – one

version of the truth

• Fast implementation

• Ensure visibility of investments and

performance against targets

• Knowledge transfer to Finance Team

• Confidence in reporting and analysis for board

level decision making

‍

“The Clarivos team was somewhat unique as it included senior people with backgrounds in both accounting and IT. They spoke our language and understood our needs both practically and technically.

Electra

The Challenge

• Creation of an in-house finance function

• New corporate structure requiring new finance

systems and processes

• Outsourced finance function did not align with

new strategic direction of the Group

• Need for visibility of current financial situation

and value of investment companies

‍

Partner of the Year

TECHNOLOGY IN ACTION

Cloud ERP for Finance Teams

Fast Implementation

Clarivos implemented both solutions in four months. Electra’s finance team was able to learn the systems with minimal training and start using them in a matter of weeks. The software is delivering as promised and Electra is now planning ahead to move from reporting as an investment trust to the additional requirements of reporting as a normal UK corporate.

‍

Cloud deployment means I have access to systems and information wherever our team members are in the world. From a group accounting point of view in a business like ours this is a huge benefit

OUTCOMES

• SAP ByD and BPC solutions for core finance

and consolidation

• Ensure speedy month-end close, reporting and

forecast updates

• Automated processes around close and

consolidation

• Fast visibility of shared information – one

version of the truth

• Fast implementation

• Ensure visibility of investments and

performance against targets

• Knowledge transfer to Finance Team

• Confidence in reporting and analysis for board

level decision making

‍

A Partner For Long Term Transformation

“The Clarivos team was somewhat unique as it included senior people with backgrounds in both accounting and IT. They spoke our language and understood our needs both practically and technically.

Electra

Electra Private Equity (SAP BYD)

Outcomes

The Challenge

Technology in Action

Project Deliverables

Electra Private Equity (SAP BYD)

Electra Private Equity

Outcomes

The Challenge

TECHNOLOGY IN ACTION

Fast Implementation

OUTCOMES

A Partner For Long Term Transformation

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