SAS needed solutions to standardize and simplify processes, as well as lower costs.
SAS Group's overarching '4Excellence' strategy was to achieve commercial, sales, operational, and people excellence. It faced challenges around its existing F&A infrastructure, such as duplicate processes, delays and inefficiencies, and maintenance costs. To address current challenges, and the need for ongoing scalability and stability in accounting, SAS needed to streamline business processes and provide significant reduction in the Total Cost of Ownership (TCO). SAS wanted to leverage a cloud based solution that could be rapidly implemented to meet its business objectives.
TCS provides unified, cloud-based F&A platform for enterprise wide finance operations.
TCS’ F&A platform encompassed account payables, account receivables, general accounting, asset accounting, bank reconciliation, collections, and cash. We deployed productivity tools, standardized components, accelerators, and templates to deliver an efficient operational environment.
Our solution is currently used by more than 2,600 users and processes, with volumes of 400,000 invoices per year.
In addition, we integrated the F&A Platform, SAS legacy systems, and HR systems for maintenance, repair, and overhaul (MRO), fuel management, ticketing, and catalog management. We implemented standard rule-based processes for interfaces to ensure seamless data transfers.
In terms of process simplification, we helped SAS align the ledger structure with the legal reporting structure, standardize business processes across business units and geographies and comply with local government and tax reporting, automate existing cash flow process and integrate with e-Posten (Swedish Post) which helped reduce invoice processing cycle time by 20%.