Implementation of SAP S/4 HANA FPSL as well as S/4 HANA GL
for a blockchain-driven financial company

Project Goal

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  • Implementation of a centralized subledger accounting engine as well as central and redefined general ledger engine using the latest SAP solutions. 
  • This was necessary because the customer's own reporting of key figures for accounting in the existing solution was not able to provide them in a timely manner.

As-Is Situation

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  • Existing interfaces from the operational trading platform forwarded the data to the existing third-party general ledger system on a transaction-by-transaction basis.
  • Due to the large amount of data, timely reconciliation and error analysis was a huge challenge.
  • Also, due to the massive time overlap in data provision, it was not possible to properly prepare the data to meet internal and external stakeholder needs.

Challenges

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  • Due to high-tech intra-trading processes, the expected data volume of the customer was very high.
  • Furthermore, the previous invoicing and data provision was so far back in time that it was difficult to make an adequate comparison.

Solution

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  • Implementation of SAP S/4 HANA FPSL and GL including data integration with HANA SDI and standard SAP tools of SAP S/4 HANA FPSL.
  • Data reconciliation was done using the same granularity with upstream system and between subledger and general ledger based on a scalable and reusable reconciliation solution. 
  • Necessary HANA views for Fiori applications were created so that a up-to-date in-house reporting tool was also available.

SAPs Reference Story 

SAP, together with Bitstamp and conbateX (Schweiz) GmbH,
has summarized the story of the successful implementation.
Have a look! 

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