ČEZ, a.s.

ČEZ Group is an electricity conglomerate with operations in Central and Southeastern Europe. Its businesses encompass generation, trading, and distribution of power and heat, as well as coal mining.

Planning with reconciliation of intercompany services

Company website
https://www.cez.cz/en/

Headquarters
Prague, Czech Republic

Industry
Utilities

Products and services
Power generation and distribution





Business need
The main goal of the project was to establish a company-wide planning platform, built on top of existing SAP infrastructure.

Resolution
Our consultants helped ČEZ to implement a SAP BPC solution supporting:

  • Budgeting and long term planning.
  • Collection of actuals for financial consolidation of the group.
  • Catalogue of intercompany services.
  • Intercompany reconciliation.
The project has been delivered by consultants of the MIBCON Group.

Key benefits

  • Decreased planning-related FTEs and OPEX.
  • Managed workflow and approval mechanism.
  • Shorter planning cycles allowing timely decision making.
  • Utilization of existing SAP data and infrastructure, reduction of data duplication, inconsistencies and human errors.
  • Compliance with internal security directives – full control over individual or department access to data and complete audit trail of data and system changes.

Key features

  • Workflow management, including step-by-step guidance of the users, process execution monitoring and multi-level approval and data locking mechanism.
  • Automated imports of master and transaction data from SAB BW.
  • Rich commenting features allowing collection of textual information.
  • Transparent structure of data with tracking of data sources.
  • Semi-automatized reconciliation of intercompany services.