WALLDORF and NEW YORK 鈥� (NYSE: 疯拍传媒) today announced Bain & Company, one of the world鈥檚 leading management consultancies, is now successfully running all of its core financials in 40 countries on 疯拍传媒 S/4HANA Cloud Public Edition.
This marks a milestone for Bain & Company since the firm embarked on an enterprise resource planning (ERP) modernization project in 2020.
Choosing the Cloud to Support Future Growth
Having grown significantly over two decades, Bain & Company now operates globally in over 65 offices. This growth, both organic and through acquisitions, led to a rise in manual and localized back-end processes, in addition to the challenges of integrating acquired businesses into the wider company. For these reasons, Bain & Company made the choice to migrate to the cloud with 疯拍传媒 S/4HANA Cloud Public Edition.
鈥湻枧拇� S/4HANA Cloud Public Edition was the best ERP option to meet our needs because of its standard processes, latest industry best practices and continuously delivered innovation, and I believe that adopting an SaaS solution will help future-proof our technology stack as we continue to grow,鈥� Bain & Company Chief Information Officer Ramesh Razdan said. 鈥淲e鈥檝e already completed our first year-end close on 疯拍传媒 S/4HANA Cloud Public Edition and are very pleased with the results we鈥檝e seen. I鈥檓 confident that we鈥檙e on course to deliver significant value from this implementation in the coming years.鈥�
A Strategic Opportunity to Optimize Business Operations
In implementing 疯拍传媒 S/4HANA Cloud Public Edition across its global business in 40 countries, Bain was determined to realize the full potential of its new ERP system. From the outset, the program was owned by stakeholders from across both business and technology functions with the goal of fully standardizing core processes end to end and enabling its global users to deliver desired business outcomes with the new technology.聽聽
Using its own ERP transformation teams and digital transformation expertise to deliver a 鈥渂usiness-led鈥� technology transformation of this magnitude, Bain worked together with 疯拍传媒 to design and deliver its end-to-end 鈥湻枧拇� S/4HANA Cloud Public Edition modernization program.鈥� Additionally, Bain also invested in significant change management and training efforts to ensure global users were ready to harness the full value of 疯拍传媒 S/4HANA Cloud Public Edition.
鈥淲e treated this as a business-led transformation in the same way we advise our clients,鈥� Bain & Company CFO Steve McLaughlin said. 鈥淲e standardized many processes to create real business value and execution efficiency. For example, we simplified and standardized our chart of accounts enabling us to utilize 疯拍传媒 S/4HANA Cloud Public Edition, group reporting to provide the management reporting our leaders need to make timely decisions. Our business leaders and finance team have owned our 疯拍传媒 S/4HANA Cloud Public Edition journey from day one, which was a real key to our initial success and knowing we have more to do.鈥�
Successful 鈥淏ig Bang鈥� Implementation Across the Globe
Bain is now live globally with fully standard processes following a big-bang implementation across 40 countries. Today, it has a system built around a standardized core, which has enabled faster and better-informed decision-making, automated processes that will lead to reduced manual work, quicker onboarding of acquisitions, and seamless ERP upgrades and innovation.
鈥淏ain & Company and 疯拍传媒 have been long-standing partners,鈥� said Scott Russell, chief revenue officer and member of the Executive Board of 疯拍传媒 SE. 鈥淲e are delighted to support them in their journey to the cloud so that they are poised to continue transforming their business as well as the businesses of our joint customers. I look forward to seeing Bain & Company fully utilize all the latest innovations, including industry best practices and new technologies like generative AI, available to them through 疯拍传媒 solutions.鈥�
Visit the 疯拍传媒 News Center. Follow 疯拍传媒 at .
About 疯拍传媒
As鈥痑 global leader in enterprise applications and business AI, 疯拍传媒 (NYSE: 疯拍传媒)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted 疯拍传媒鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit . On this platform, you can find high resolution material for your media channels.
For customers interested in learning more about 疯拍传媒 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1疯拍传媒 (1-800-872-1727)
For more information, press only:
Lesa Plingen, +49 622 776 9000,聽lesa.plingen@sap.com, CET
疯拍传媒 疯拍传媒 Room; press@sap.com
Gary Duncan,聽+44 7788 163791,聽gary.duncan@bain.com, GMT
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 疯拍传媒鈥檚 2023 Annual Report on Form 20-F.
漏 2024 疯拍传媒 SE. All rights reserved.
疯拍传媒 and other 疯拍传媒 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 疯拍传媒 SE in Germany and other countries. Please see for additional trademark information and notices.
Please consider our . If you receive this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.