The Vaillant Group, a leading manufacturer of domestic heating systems, was honored with the prestigious ControllingWorld Award, ‘Finance Wins – Integration of Financial IT Landscape’, for its solution using SAP/R3, SAP BW and MS SQL, with arcplan’s dynaSight as the front end. The ‘Finance Wins’ project began as an initiative to help facilitate Vaillant’s international expansion. The goal of the project was to convert all of the company’s financial accounting, previously complied with German commercial laws, to international standards. The project team consisting of Gerald Bremer, Head of Finance Systems; Marc Stoever, Strategic Controlling Team Leader; and Norbert Kolodziej, Manager of Controlling Marketing in eastern Europe, obtained top marks for introducing International Financial Reporting Standards (IFRS) as well as using new OLAP and warehouse applications in combination with the conversion to cost of sales accounting.
Another notable distinction was the project’s harmonization of its management reporting procedures across 30 legal entities and eight ERP systems. Other reasons for the award included the user friendliness of the tools; the significant level of user acceptance; and the recent enhancements to the system. The jury also praised Vaillant’s integration of its business planning, consolidation, breakeven analysis, profit and loss, cash flow, balance sheet and variance analysis as well the seamless integration into the company’s IT infrastructure.
dynaSight provides front-end system for Vaillant’s award-winning solution
The planning and budgeting system for the ’Finance Wins’ project was created using dynaSight, the most widely-used third-party analytical development platform in the SAP environment. dynaSight enables companies to rapidly assemble tailor-made analytical applications, while natively integrating with all major data sources, BI platforms, and other data sources. Because ‘Finance Wins’ was created using dynaSight, the final solution delivered unmatched flexibility and seamless integration to the many data sources required by the project. The solution was implemented by the arcplan partner Selbach Information Systems GmbH, a specialist in enterprise-wide information systems and data warehouse solutions.
“In several projects here at Vaillant, dynaSight has always been a proven, flexible front-end tool in the SAP environment,” explains Marc Stoever, ’Finance Wins’ Project Manager and Consultant in Strategic Finance/Controlling at Vaicon (Vaillant Consulting Group), Vaillant’s IT services subsidiary. “Fulfilling all of the requirements of Vaillant’s integrated planning system, which is at the heart of the ‘Finance Wins’ project, would not have been possible without dynaSight and SAP BW. One feature that has really helped us is the ability to combine several data sources into one report or one application and transfer it to a central database. dynaSight has no competition in this area.”
“With the Vaillant Group’s controlling concept, our partner Selbach Information Systems has implemented a world-class planning and budgeting project in the SAP environment,” comments Roland Hoelscher, arcplan’s Joint Managing Director. “We’re delighted to have made an effective contribution to the project’s success, especially as dynaSight’s international functionality supplies 600 staff in 16 countries with the information they need. And all that with maximum user friendliness. The ControllingWorld Award is further proof that dynaSight enjoys an exceptional position in the SAP environment.”