High-tech company TRUMPF, one of the world’s biggest providers of machine tools and laser technology, is restructuring its financial management with Controlling Excellence. The introduction of a value-based and segment-based profitability analysis is a direct response to changing accountability within the TRUMPF management structure and is designed to permit more decisive corporate governance structures. In this context, the introduction of a global chart of accounts represents a milestone in the harmonization of financial management at TRUMPF. Pursuing a minimally-invasive transformation approach, the company implemented the New G/L, including profit center accounting, and harmonized, reconciled, and integrated 13 charts of accounts and 13 controlling areas within the ONE Finance target structure. The advantages are clear: greater transparency, lower costs, process optimization, and safeguarding of the company’s long-term capacity for innovation.
Thilo Press, Chief Information Officer at TRUMPF: “cbs impressed us with their approach, their expertise, and their decades of experience. During the project, the cbs consultants demonstrated time and again that they understand the management side, speak the language of the departments, and are also at the very forefront in terms of technology – giving us everything from a single source.”
As well as accelerating the harmonization of global financial structures, the standardized template approach in SAP has also led to a reduction in costs for worldwide SAP enhancements, system operation, and maintenance. What’s more, new companies can be integrated faster. The IT managers are now looking even further ahead. Fundamental innovations can be expected as a result of the paradigm shift in the SAP world. SAP S/4HANA is the ERP of the future. TRUMPF intends to take advantage of the profound changes to the most important software platform to perfectly align its corporate strategy with its IT strategy. Summing up, CIO Thilo Press says: “Thanks to the support of cbs, our new financial structure means that we are well placed to take full advantage of a future transition to S/4. We are extremely satisfied with the professional system transformation and the financial expertise of cbs.”