Perform complex transfer price calculations with Valeo
Key challenges
Key challenges
- Centralize and secure the calculation of intra-group service flows.
- Increase speed, agility and auditability.
- Automate the end-to-end process: from the monthly collection of central costs by querying the group’s ERP upstream, to the entry of accounting entries downstream.
- Benefit from synergies in terms of processing times, quality of information and, in the case of internal services, accuracy of consolidated accounts.
Project Highlights
Project highlights
- Enter all Valeo costs in OneStream : 162,000 automated accounting entries per year.
- Automatically connect to SAP FC to retrieve allocation keys and calculation bases.
- Run calculations in OneStream to obtain transfer price data.
- Benefit from a OneStream platform connected to SAP FC and SAP ERP.
Key Benefits
Key benefits
- Speed: each reporting calculation now takes just a few minutes (half a day i n the past).
- Agility and flexibility: calculations can be repeated without interrupting the entire process.
- Quality: more frequently updated cost bases improve the quality of financial information.
- Auditability: Ability to measure the breakdown of each step in the process. Users can document and justify how the share is allocated to each entity.
- Ergonomics: OneStream’s interface is more user-friendly for both administrators and end-users.
Details
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