Energy · Finance Transformation
Finance Closes 12 Entities With Reconciliation 100% Automated
A US energy enterprise centralized finance across 12 legal entities on one cloud Enterprise Resource Planning (ERP) platform. We deployed SAP Business ByDesign, linked it to the Energy Trade and Risk Management (ETRM) platform, and automated intercompany billing and approvals. Reconciliation is now 100% automated and consolidation runs 45% faster, with no added headcount.
100%Intercompany reconciliation automated
45%Faster financial consolidation
98%Financial data accuracyThe Challenge
Finance ran on fragmented spreadsheets across 12 legal entities with no consolidated view. Close cycles ran long, audit risk rose every quarter, and the finance team spent most of its time reconciling rather than analyzing. Every entity kept its own version of the numbers, and someone had to stitch them together by hand. Spreadsheet-driven finance across 12 entities meant every close cycle was a fire drill, and every quarter added audit risk. The team's time went to reconciling, not analyzing. That was a ceiling on how fast the business could actually move, and it grew harder to defend to auditors each period.
What We Did
We deployed SAP Business ByDesign as the centralized finance platform for all 12 legal entities, then integrated it with the Energy Trade and Risk Management platform so trading activity and the financial record stopped living in separate places. We automated intercompany billing, expense approvals and the financial workflows around them. Reconciliation that used to be handled by hand across every entity now runs on its own, which is what took consolidation time down and pulled the close off spreadsheets.
The Solution
One cloud ERP now carries finance for all 12 legal entities. Intercompany reconciliation is fully automated, consolidation is 45% faster, and expense approvals move 60% quicker. Finance spends the close on decisions instead of spreadsheets.
The Outcome
Intercompany reconciliation reached 100% automation and consolidation runs 45% faster. Expense approvals are 60% quicker and financial data accuracy sits at 98%. All of it across 12 legal entities, with no added headcount. The close stopped being a fire drill. Finance no longer spends the quarter reconciling entity by entity, and the numbers hold up to auditors without a scramble. The team's time now goes to analysis rather than reconciliation.
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Closing the books across multiple entities the hard way?
Noblq takes SAP estates live in weeks, not years, and stays on the team once it's running. We work through your estate with you and build the finance, governance and integration model that fits how you actually operate, then keep extending it as your business changes.