Case Study: Steadfast Group Limited achieves faster month-end close with SAP Business Planning and Consolidation

Steadfast Group Limited Driving Efficiency with SAP Business Planning and Consolidation

Steadfast Group Limited, a large insurance broker network in Australia and New Zealand, faced a challenge in consolidating the disparate accounting and brokerage systems from its many acquired entities. For this publicly traded company, relying on manual processes and spreadsheets for financial consolidation and period-end reporting was no longer a viable option. To solve this, they turned to the SAP Business Planning and Consolidation application from vendor SAP.

Working with implementation partner Deloitte, SAP's solution automated previously manual consolidation processes and complex calculations. This enabled the mapping of all financial data into a single chart of accounts, providing full visibility from source to report. The results were significant, including a reduction of 5 days in the month-end close process, a lower risk of errors, and deeper insight into performance, allowing Steadfast to make faster, more informed decisions.

Steadfast Group Limited

Rosalie Lau

Group Financial Controller