SAP S/4HANA RE-FX:
Leveraged to address the intricate needs of real estate and leasing operations, delivering compliance, efficiency, and scalability.
Telia, the largest telecom company in Sweden, faced significant challenges in managing its complex leasing operations. As part of the Leasing Stream initiative, the company required a robust solution to streamline its International Leasing processes.
Facts about
Telia
:
5G population coverage
Number of subscriptions
CO2e reduction in own operations since 2018
Number of mobile subscriptions
Geographical Integration:
Integration of solutions between business units located in the Nordic region and one of the largest SAP consulting providers in India.
Operational Cohesion:
A lack of alignment in managing IT assessments, customizing, and solution enhancements.
Stakeholder Collaboration:
The need for seamless collaboration between multiple stakeholders across geographies.
Compliance with IFRS 16:
Ensuring adherence to IFRS 16 regulations through an optimized SAP environment.
Complex IFRS 16 Scenarios:
Managing leasing contracts with residual values, annual adjustments requiring indexation, contracts on quarterly or yearly bases, contracts with impairment, and more.
Liability Graduation:
Implementing SAP standard functionality to separate leasing liabilities into long-term and short-term categories.
vAIsko IT took charge of the Solution Architecture responsibilities, positioning itself as the critical link between Telia’s Nordic business units and the external consulting provider from India. vAIsko IT's contributions included:
Strategic IT Assessment:
Conducted comprehensive IT assessments to evaluate the feasibility and alignment of new business requirements with existing SAP functionalities.
Customizing and Enhancements:
Delivered tailored customizations and enhancements in SAP S/4HANA RE-FX to address unique leasing requirements while ensuring compliance with IFRS 16.
Management:
Streamlined solution designs by coordinating closely with the external consulting provider and Telia’s internal stakeholders to achieve a unified approach.
Support and Training:
Assisted the business with User Acceptance Testing (UAT), provided training, and offered ongoing support to ensure successful adoption.
SAP Ticket Management:
Created tickets in SAP AG to address unresolved issues beyond the scope of the Solution Architect or the integrator company.
Operational Efficiency:
Enhanced collaboration across multiple geographies and teams, reducing project timelines and eliminating process redundancies.
Compliance Assurance:
Ensured seamless adherence to IFRS 16 regulations through optimized leasing functionalities.
Cost Optimization:
Minimized implementation costs by leveraging existing SAP infrastructure effectively.
Future-Ready Systems:
Strengthened their SAP environment to accommodate future business requirements and expansion initiatives.
vAIsko IT’s ability to manage complex leasing scenarios and implement SAP standard functionality allowed Telia to achieve its operational and compliance goals, establishing a robust foundation for future growth and innovation.
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Let's talkvAIsko IT is a specialized SAP consulting firm, dedicated to helping businesses unlock the full potential of SAP.
Our expertise lies in SAP FICO for financial management and SAP RE-FX for real estate and asset management, empowering companies to streamline operations, improve financial efficiency, and ensure compliance with standards like IFRS 16.