Diligent technology teams partnered with client teams to co-create and implement technical solutions supporting ongoing business strategies. Selecting and evaluating new technologies, defining product development road maps, identifying testing strategies, and implementing to delivery excellence were key components of the successful project. Multiple technologies were involved and end-customer experience was a key priority that was diligently followed resulting in accelerated feature releases and cost savings in terms of on-boarding technical expertise.
About KWSP EPF
Employees Provident Fund commonly known by the acronym EPF is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia.
- EPF wants to implement Financial consolidation, Budgeting & Forecasting and Disclosure management.
- Automate their Consolidation Process and deliver Financial Statements from Disclosure Management.
- Collect the Trial Balance data for Non-SAP Companies using their standard Template.
- Translation of Foreign Currencies to the reporting currency and elimination of inter company eliminations.
- Equity Accounting for Associates and NPT Proofing.
- Fetch Actuals from SAP ECC to SAP BPC for the Holding Company and using Standard template approach for the Non- SAP Companies.
- Update Exchange Rates and Ownership structure for the subsidiaries and Associates
- Carry Forward Closing Balances from prior data to get the Opening Balances data for the Current Year
- Powerful Business Process flow with guided workflow functionality.
- Integrates with SAP ECC to SAP BPC to extract the Trial Balance data and generate Financial Reports from BPC and in Disclosure Management.
- Automated data loads from SAP ECC to SAP BPC and Disclosure Management..
- Structured Templates for the Non-SAP Subsidiaries and Associates to get the trial Balance data and automated data upload to BPC.
- Inter company elimination and COI Reports in detail at each company code level.
- Proofing reports for Associates and Joint ventures.
- Automated Elimination of Inter company transactions and equity accounting for Associates.