Business Overview
Our client is a leading US-based bioscience company in California, involved in the manufacturing of synthetic DNA. The client uses its proprietary platform to rewrite genetic coding and create new organisms that medical researchers are finding to be incredibly applicable ,sap s4 hana implementation and cost-effective to their work.
Katalyst’s Solution
- Katalyst quickly realized that the client required a state-of-the-art ERP software system to integrate its business processes across the organization to achieve the next level of growth. We identified relevant SAP solutions for this purpose, including SAP S/4 HANA, SAP Simple Finance, SAP HANA Enterprise Cloud, SAP Business Objects/BI Solutions, and SAP Solutions for GRC.
- SAP would give the organization a single central source it could rely on for robust accounting and financial reporting, in addition to offering improved business controls.
- Katalyst also recommended implementing SAP S/4HANA on Amazon Web Services, giving the organization the infrastructure to scale and support international expansion.
- Katalyst completed the end-to-end implementation in five months and helped the client achieve a seamless cut-over to the new system. Additionally, Katalyst SAP experts helped the customer understand and leverage the full benefits of an integrated SAP system.
Business Challenges
The client faced the prospect of bringing together disparate processes in the Financial, Accounting, Supply Chain, and Inventory Management areas of their business. They used various tools for different purposes rather than a centralized source, whether for accounting or ordering materials and services.
Benefits
- From a financial accounting perspective, Katalyst’s helped the customer eliminate multiple manual steps in accounting to accelerate their month-end closing. The re-designed processes helped the client reduce their month-end closing process from 10 days to just 3 days.
- Katalyst was able to enhance and expand system performance to fast track the purchase approval process. Katalyst implemented SAP FIORI to enable the managers to approve purchase requisitions and purchase orders directly from their tablets and smartphones.
- Procurement has seen substantial savings in its cycle due to the two-level system implemented by Katalyst. This system allows designated C-level executives and directors to approve purchasing decisions based on several different criteria, including the amount and goods and services.
