Case Study: MEAG improves finance efficiency and regulatory compliance with SAP S/4HANA

How MEAG is digitalizing asset management processes using SAP S/4HANA

MEAG, the asset management arm of Munich ERGO, needed to modernize its real estate and finance processes while meeting new IFRS 9 and IFRS 16 reporting requirements. Its existing SAP ERP-based solution could not support the additional asset information, automation, and data quality improvements the business needed, so it turned to SAP and SAP S/4HANA.

SAP implemented a greenfield migration to SAP S/4HANA with SAP Fiori apps, after cleansing and validating data before the move. The result was 25% less time for year-end closing, 100% data accuracy versus 60% before migration, one hour to process rental collection data instead of overnight, and 90% faster account statement generation, while also improving compliance and future readiness.

MEAG

Johann Lenker

Head of Digital Solutions for Alternative Investments