McCormick & Company is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products for the industrial, restaurant, institutional, and home markets. A Fortune 1000 company, McCormick has approximately 11,700 employees.
CHALLENGE
- Duplicate/overlapping GL accounts
Unclear Financial views - Duplicate Customers/Vendors across divisions
SOLUTION
- Bank account management, cash management, bank reconciliation and payments using XML v3 files
- Configurated and coordinated with the banks to connect to SAP Multi-Bank Connectivity
- Blueprinting workshops in order to achieve a design for all the stakeholders
- Delivered a successful design and prototype of all areas in scope
- MDG implementation for Business Partners, GL accounts
THE BRIEF
- Deploy S/4 HANA 1909
- Deploy MDG to improve Data Governance
BENEFITS
- Reduced set of GL accounts for improved financial processing cycles (EG: EOM Process, FI/CO, CO/PA, etc.)
- Real-time insights to financial/inventory helping reduce warehouse overhead and spoilage
- Clear and more direct Business Partner relationships through holistic views across all divisions and roles
- Predictive insights based on historical seasonal/event-based data