of brands worldwide—
one global company with one vision
Often people achieve only incremental progress, because their view of tomorrow is determined by what they see today. AkzoNobel knows that what is good for their customers today is not necessarily good enough for them tomorrow, so it strives to meet consumers’ unspoken needs by sustaining future competitiveness.
One global company with 3 divisions
AkzoNobel Chemicals B.V.
Zanders Treasury and Finance Solutions
SAP Treasury and Risk Management
With operations in more than 80 countries and 55,000 employees around the world, AkzoNobel is committed to excellence and delivering Tomorrow’s Answers Today™. Since its inception in 1646 AkzoNobel has constantly delivered technical and product innovation.
A global conglomerate
AkzoNobel has traditionally been a global conglomerate, buying and selling off businesses and operating at local levels with fragmented multi-systems. Since acquiring ICI and becoming the world’s largest decorative paints company, the company made a wholehearted commitment to set up one common system worldwide.
Competing at a multi-local level
While being excited and passionate about the vision and commitment to set up one common global system—the company was faced with a complex reality of vast proportions throughout their multi-local businesses and their disparate array of treasury systems.
On top of that, the legacy environment, which included multiple interfaces, was partly based on obsolete technology and was difficult to maintain.
Meeting the local business requirements with global systems.
The objective of AkzoNobel was to create one global company with one mission, one vision, one strategy, one organization, with one information flow. For this reason the company chose SAP, to move from multi-local systems to one global system.
AkzoNobel had fundamental requirements that had to consistently be met in order to succeed in such a monumental set of endeavors.
The Amsterdam, Netherlands–based Fortune 500 company chose treasury applications from SAP to handle the mission, with the SAP Treasury and Risk Management application playing the leading role. The company wanted to establish integrated, standardized, and effective treasury processes group wide and create a world-class treasury department that ranked in the top 25% of its peers.
A new high-sense of inventory transparency creates a huge ripple effect of savings.
By getting speedy and accurate data to aggregate, integrated business planning and innovations were implemented across sales, marketing, supply chain and distribution channels globally.
The company removed multiple manual steps from the payments process after implementing SAP Treasury and Risk Management.
As a result, the treasury department can now see near real-time payment status, and it has just one interface with all its banks. Besides a better insight and transparency, the streamlining also reduced costs. Thus the company can now monitor and manage their money better and at the same time save money, too.
For companies like AkzoNobel that have the SAP ERP application as the backbone for their business processes, treasury solutions from SAP should be the first choice due to ease of integration and a lower total cost of ownership.
AkzoNobel looks to leverage what they’ve built on a real-time global level in every way imaginable. Building dashboards and good reporting systems while planning mobility solutions are just a few of the ways that SAP HANA will help in the future.