The technology company achieves project control and regulatory compliance in 15 countries

SAP was selected as the a solution capable of meeting the local accounting and compliance needs for each country that the professional services company operated in.

About

Wolters Kluwer Financial Services is the leading worldwide provider of comprehensive compliance, risk management and audit solutions for the financial services industry. 92 percent of the world’s top 50 banks use their solutions. The software, expertise and services that Wolters Kluwer Financial Services offer is used by organisations to address risk and compliance challenges, and helps them make critical business decisions.

Challenges

As a project based software implementation and support business it was important for Wolters Kluwer Financial Services to know the status of each engagement, and whether they were profitable. With specific, local finance software in each operating country, establishing this financial oversight was difficult.

Benefits

  • Financial visibility to profitably manage projects
  • Project management & resource allocation
  • Framework for sales information & forecasting
  • Compliant sales quotations
  • Implementation across 15 countries in under 8 months
  • Time recording for consultants
  • Automated client software activation
  • 24-hour, ‘follow the sun’ project support

SOA People have helped Wolters Kluwer Financial Services enhance their financial reporting worldwide, and with the innovative use of SAP, provided project controls to ensure the appropriate and timely allocation of resource. Working together has resulted in an inspired performance, with regulatory compliant systems implemented in 15 countries.”

Liliane Peeters, Finance Director, Wolters Kluwer Financial Services.

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