Driven by the necessity to adopt to IFRS 17/9, to upgrade to SAP S/4HANA, and a lack of standardised finance processes, the Baloise group embarked on a fundamental transformation of the finance function. Deloitte helped envision and implement the group-wide data platform for finance, enabling streamlined and unified financial systems.
Baloise faced several challenges due to the absence of group-wide standardisation guidelines and an outdated SAP ECC legacy infrastructure. This resulted in fragmented financial and regulatory reporting across BUs, with insufficient focus on IFRS and solvency requirements.
The ECC system landscape hindered harmonisation, acceleration and automation of financial processes within a unified framework. Additionally, the lack of real-time data processing, advanced analytics and seamless integration with modern applications further exacerbated these issues.
The solution
The impact
A heartfelt thank you to everyone involved, it has been a great pleasure to undertake this project with all of you.
Dominik Frei, Lead Finance Applications & Business Intelligence