An International Steel Trading Company (Confidential)某国际钢铁贸易企业
Supported steel-trading operations with digital management on SAP
- Location
- China (a Japanese sogo shosha's China business)
- Industry
- Steel trading
- Products & Services
- Steel and related products
- Partner
- MTC
- Solution
- SAP
Client name and identifying details withheld to protect privacy
Key Highlights
As an international steel-trading business run in China by a Japanese general trading house (sogo shosha), unifies the closing policy and system architecture across multiple implementing entities, bringing local rules and master data into line
Supports multi-currency accounting, improving settlement precision and control for cross-region, cross-currency business
Who They Are
To protect the client's privacy, this case withholds the name and identifying details; only industry and solution are shared.
This is an international steel-trading company formed by merging the steel division of a general trading group. While keeping its expertise in steel distribution, it draws on the group's global information network to act as an integrated service provider in steel distribution and create added value, with offices across several provinces.
Steel-distribution companies often operate across regions and currencies, and when several implementing entities coexist, management rules, master data and settlement standards in each location tend to go their own way, raising settlement precision and control challenges. Using SAP, MTC helps such companies unify their settlement-management policy and system architecture, run multi-currency management, and bring management rules and master data across locations into line, while embedding credit control into day-to-day business with suppliers and customers through custom development.
Why They Needed This Upgrade
Before: Challenges & Opportunities
- Multiple implementing entities coexisted, so the client's settlement-management policy and system architecture needed unifying
- With cross-regional operations, management rules and master data differed across locations, affecting management precision
- Under multi-currency business, settlement-management precision needed to improve
- There was no systematic credit control over suppliers and customers
Implementation Goals
- Unify the settlement-management policy and system architecture, support multi-currency management and improve settlement precision
- Bring management rules and master data across locations into line to improve management precision
- Make reporting systematic and improve management efficiency
- Embed credit control into day-to-day business with suppliers and customers
Products Deployed
Implementation partner: MTC
What This Upgrade Delivered
- Embeds credit control into day-to-day dealings with suppliers and customers through custom development, with business and finance integrated
- Systematizes reporting and meets China local tax and fiscal compliance, with a unified, comparable basis across regions
- Settlement precision improved, and cross-regional, cross-currency business became more standardized
- Custom development delivered credit control over suppliers and customers
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