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Overview

Keeping a Laser Focus on Improving Financial Processes with SAP Business Planning and Consolidation

Enterprises in over 170 countries rely on market-leading software, hardware, and services from Lexmark International Inc. to connect people to the information they need at the moment they need it. In each location around the world, Lexmark operates with a single vision: "Customers for Life." This unwavering focus explains both its industry leadership in customer satisfaction and its strong growth in key markets such as enterprise content management, financial process automation, and enterprise search.

 

To support its growth by keeping business processes fast and simple, Lexmark uses the SAP Business Planning and Consolidation application powered by SAP HANA as a centralized tool for strategic planning, financial forecasting, budgeting, consolidations, and business user reporting. As a result, Lexmark has achieved a fourfold reduction in data load times while cutting consolidation cycle time in half.

Company
Lexmark International Inc
 
Headquarters:
Lexington, Kentucky
 
Industry
High Tech
 
Products and Services
Development, manufacture, and supply of printing, imaging, document workflow, and content management solutions
Employees
12,700
 
Revenue
US $3.7 billion
 
Website
http://www.lexmark.com/en_us.html
 
Partner 
Tata Consultancy Services
www.tcs.com
 

Objectives

  • Consolidate data, reporting, and forecasting on a common platform
  • Improve the speed of planning and the level of service to the business
  • Streamline reporting processes to keep pace with the company's continuing growth
  • Utilize the real-time capabilities of the SAP HANA platform

Why SAP?

  • Proven ability of the SAP Business Planning and Consolidation application to accelerate key financial processes and to tightly integrate with the SAP Business Warehouse application
  • Strategic partnership between Lexmark and SAP
  • Native integration with existing SAP applications

Resolution

  • Accelerated the speed of data loading during the planning process
  • Improved planning cycle time by pushing data every three hours, compared to every six hours in the past
  • Increased efficiency by consolidating data six times a day, compared to four times a day in the past

Benefits

Previous

400%

Reduction in data load times

50%

Faster cycle time during consolidation

Improved

User experience with minimal latency in submitting and accessing data
Next

Future Plans

  • Implement the company's SAP HANA road map to optimize database usage, reduce data replication, and improve the end-user experience
  • Deploy SAP Business Suite powered by SAP HANA and the SAP S/4HANA Finance solution

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