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

SAP Business ByDesign
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
Partner of the Year

TECHNOLOGY IN ACTION

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.
"

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

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