Bavaria Film: Cloud Solution Takes the Reins of Financial Management

To modernize, harmonize, and integrate systems, the perfect choice was SAP S/4HANA Cloud. With the migration to the cloud system, Bavaria Film is making its finance department future-ready. It serves as the centerpiece of consolidating the entire application landscape. Descargue el documento

Bavaria Film: Cloud Solution Takesthe Reins of Financial ManagementThe heart of German film and TV industry beats in Geiselgasteig, near Munich, whereBavaria Film GmbH is headquartered. This versatile company operates across fourbusiness units: Content, focusing on the development and production of content; Rights& Distribution, dealing with the exploitation and distribution of rights; Studios & Services,providing technical production services; and Real Estate, which involves the operationand management of studio and office properties.With around 1,500 full-time and freelance employees spread across the group and its tenoperating companies, Bavaria Film boasts a diverse and closely interconnected businesslandscape. This complexity presents a particular challenge in intercompanyreconciliation. To streamline its financial processes, the management decided totransition to the cloud.Picture Credit | SAP SE, Walldorf, Germany. Used with permission.
Simplify Business-to-Business Transactions with SAP S/4HANA®Cloud“Our group-wide financial processes have becomesignificantly more efficient, faster, and more secure.SAP S/4HANA Cloud represents a quantum leap forwardfor us.”Tino Lenza, Head of Finance and Authorized Signatory, Bavaria Film GmbHBavaria Film GmbHGeiselgasteig, Germanywww.bavaria-film.deIndustryMedia and EntertainmentEmployeesApproximately 1,500across the groupRevenue€305.9 million(fiscal year 2022/23)Products and ServicesMoving image production,rights exploitation anddistribution, studio andoffice rentalFeatured SolutionsSAP S/4HANA Cloud2xfaster business closurecompared to the oldsystemSecureand error-free billingacross all companieswithin the groupBefore: Challenges and Opportunities Bavaria Film wanted to consolidate the financial processes of the entire group. Differences in master data and ID numbers between the holding company and its ten subsidiaries complicatedthe assignment, invoicing, and evaluation of projects.Why SAP and SAP Services SAP received the highest overall score in the vendor evaluation. Operational security, disaster recovery, and data protection are standard in the SAP Cloud. Continuous innovation, modern features, and scalability complete the picture. The SAP® Activate methodology helps achieve ambitious goals. An “Extended Prepare and Discovery Phase” instilled confidence in the team and the solution.After: Value-Driven Results Intercompany settlements, target/actual analyses, and reporting have become much simpler. Liabilities are easier to track and reconcile. All business units work on a common platform, using a lean cost plan. Auditors can pull data directly from the system, which saves a lot of time. Achieving fast closure within six working days is the next goal.91575enEN(03/24) © 2024 SAP SE or an SAP affiliate company. sap.com/terms-of-useExecutive overview Objectives Solution Results Future plans
Standardized Financial Processes Across All SubsidiariesThis process was not only time-consuming but also proneto errors.Furthermore, the Content, Rights & Distribution, Studios &Services, and Real Estate divisions operated on differentsystems. This made it nearly impossible to collect keyfigures, posing a disadvantage for controlling and planningpurposes. Additionally, when an audit was due, employeeshad to painstakingly prepare the data themselves.Moreover, innovative applications and functions could notbe integrated into the old system.A new solution was necessary. “We wanted to modernize,harmonize, and integrate our systems,” said Tino Lenza,Head of Finance and Authorized Signatory at Bavaria Film.SAP S/4HANA® Cloud was the perfect choice for us.” Bymigrating to the cloud system, Bavaria Film is making itsfinancial system fit for the future. It is the centerpiece of theconsolidation of the entire application landscape.The media industry is facing significant challenges, withprocess optimization and cost reduction being paramount.This is also true for Bavaria Film, one of the largestproduction and service companies in the German-speakingfilm, TV, and streaming sector. The group was looking for afinancial platform to make its cost structures moretransparent, streamline its processes, and ensure scalabilityfor future business models.The company’s IT landscape was heterogeneous andoutdated. Although a financial system was in place,intercompany billing proved to be difficult. Projects couldnot be clearly assigned because subsidiaries used differentID numbers for license rights, among other discrepancies.Employees were required to manually consolidate allaccounting transactions for a project from separate generalledger accounts.Picture Credit | SAP SE, Walldorf, Germany. Used with permission.Executive overview Objectives Solution Results Future plans