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cocacola
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processing is then performed at both the legal entity and business unit (profit-centre group) level. This information is used to generate consolidated financial statements and internal reports for management. The information is also used to create external reports for statutory requirements and as the foundation for further drill-down for business analysis. Financial actuals are extracted automatically, on a daily basis, primarily from mySAP Financials Controlling (SAP CO). These actual results are then used to assist in the generation of monthly forecasts. This enables Coca-Cola to generate financial reports for financial planners and division and regional financial managers at the profit-centre level. The information is also used to generate monthly forecasts on sales, cost of sales, operating expenses, and profitability. The forecast data is then summarised and passed to SEM-BCS for consolidation. This enables Coca-Cola to generate consolidated forecast results and comparisons of consolidated actuals to the forecast. mySAP BI Data Warehousing enables Coca-Cola management to further slice-and-dice and analyse this financial information to support decision-making. The solutions are deeply intertwined. The consolidation and planning solutions feed one another data and share the same data, at differing levels of detail. The business intelligence system works with both to refine information into more value-added form for query, reporting, and analysis. ‘Management reporting is the endgame here,’ says Becky Glenn. ‘The SAP Strategic Enterprise Management solution is the foundation for management reporting and our quarterly and annual reports. This is very, very important to Coca-Cola. It ensures that our managers have access to consolidated results and planning information based on the same, accurate data, and that this information is derived from standard, consistent business processes for rolling up financial items and calculating gross profit.’ Replacing a legacy environmentprocessing is then performed at both the legal entity and business unit (profit-centre group) level.
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