Explore Mediolanum’s journey with SAP
Mediolanum International Funds Limited is a European leader in asset management offering innovative, customer-centric investment opportunities. The company wanted to adopt a reliable solution to support its rapid growth demands. With SAP S/4HANA Cloud, public edition, Mediolanum can scale its financial system with efficiency.
| Industry | Region | Company Size | Partner |
| Banking | Dublin, Ireland | 150 employees | Delaware |
months to complete implementation.
integrated system (consolidated from multiple systems).
CIO, Mediolanum International Funds Limited
Supporting growing financial and data requirements
Mediolanum International Funds Limited, the European asset management platform of Mediolanum Banking Group, has been going strong for 27 years. With €55 billion in assets and two million customers, the company specializes in innovative, long-term investments for its clients.*
To support the company’s accelerated growth, it wanted to streamline its financial technology infrastructure. Along with its manual processes and workflows, there were an increasing number of transactions, partners, and supplier integrations. Financial close was labor-intensive, taking half the month. In addition, regulations were on the rise and required absolute data accuracy.
The team decided to take action and move to an updated enterprise platform. The technology vision was that Mediolanum could focus more efforts on its core business values and outcomes and support ongoing growth.
*Data as of June 30, 2023.
Adopting a software-as-a-service solution
After researching alternatives, Mediolanum selected SAP S/4HANA Cloud, public edition. With support from a Gartner recommendation, the cloud solution was validated as a top choice for financial accounting as well as advanced financial planning and analysis capabilities. It offered a centralized, scalable cloud solution with a fit-to-standard implementation that could support the company’s complex finance and analytics business requirements.
Mediolanum then turned to longtime SAP partner, Delaware, for project management and implementation of SAP S/4HANA Cloud, public edition. The company’s experts understood Mediolanum’s industry, business model, culture, and challenges. Along with extensive SAP S/4HANA Cloud, public edition experience, Delaware put its most senior resources on the project.
CIO, Mediolanum International Funds Limited
Increasing efficiency and delivering scalability
SAP S/4HANA Cloud, public edition was implemented and launched in nine months, enabling one integrated platform with automation, scalability, and efficiency. The team could focus more effort on supporting its business strategy and customers.
Finance now has greater and faster visibility to view budget versus actuals. Invoice matching is more efficient and eliminates prior payment processing issues. Financial close takes fewer days than the typical 15 days and is on track for further time savings. IT, investment, HR, and other internal teams get their reports consistently, more often, and with accurate data insights.
Another key improvement is the ability to handle the volume and velocity of regulations. With SAP S/4HANA Cloud, public edition, operational risk is decreased with the codification of prior manual processes and procedures that run 24x7 on the software.
CFO, Mediolanum International Funds Limited
Growing with a flexible solution for the future
SAP S/4HANA Cloud, public edition helped support company’s financial operating system so Mediolanum can more easily adapt to changing market conditions.
For example, with remote work on the rise, the company has a technology platform in place to recruit finance and analytics employees globally.
Mediolanum also plans to expand its analytics capabilities with the SAP Analytics Cloud solution and integrate SAP Concur solutions to streamline expense management.
Featured partner
Delaware worked with Mediolanum to project manage and implement SAP S/4HANA Cloud, public edition. This SAP partner understood the company’s business model, culture, and challenges and has deep experience with SAP S/4HANA Cloud, public edition. Placing its most senior resources on the project, implementation and onboarding occurred in under nine months and within budget.