Case Study: Škoda Auto achieves compliant, more-accurate financial reporting with SAP Services and Support

Škoda Auto Trusting Expert Support to Adopt Multiple Ledgers for Strategic Decision-Making Certainty

Škoda Auto, one of the world’s longest-running car manufacturers, faced a major finance and IT challenge: changing its accounting functional currency from the Czech koruna to the euro across multiple ledgers to meet international reporting standards and simplify future planning. The company turned to SAP, using SAP S/4HANA and SAP Services and Support to manage what was one of its largest finance projects in two decades.

SAP helped Škoda Auto implement a multiledger environment, convert and migrate more than 20 years of financial data, and introduce parallel ledgers with minimal downtime. The result was fully compliant, more accurate financial reporting, stronger decision-making, and cost savings; SAP also supported the processing of 3.5 billion records and helped optimize future financial management and planning.

Škoda Auto

Dana Němečková

Head of Accounting