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Win story in focus: UPL Limited
About
Founded in 1969 and headquartered in Mumbai, UPL Limited is a leading Indian multinational delivering sustainable agricultural solutions and services. With over 14,000 product registrations, operations across nearly 140 countries, a global workforce of 12,000+, access to 90 percent of the world's food basket, and annual revenue exceeding US$6 billion, UPL is among the world's foremost agribusiness companies.
Problem
UPL used SAP BPC as its financial consolidation system to manage over 240 entities across 140 countries. While it formed the backbone of consolidation, system limitations led to operational inefficiencies and high reliance on manual processes. With SAP support for BPC nearing end-of-life, UPL also faced increasing challenges in sustaining and scaling its consolidation framework.
- SAP BPC's nearing end of support created long-term sustainability concerns.
- Disclosures for related parties, AR ageing, and borrowings relied on manual excel templates, leading to delays and inefficiencies.
- Integration was limited by the inability to load data from SAP S/4HANA in transaction currency.
- Lack of automated group share computation resulted in manual NCI calculations with potential inaccuracies.
- Unsupported alphanumeric company codes led to reduced accuracy in related party reporting and increased manual intervention
- Intercompany matching and reconciliation was performed via BW-based excel reports, without real-time visibility into transactions
- Legacy BW-based IC matching did not enable detailed transaction-level reconciliation and matching
- Significant IT support was required for system maintenance and issue resolution
Solution
UPL worked with Deloitte to transition from SAP BPC to SAP S/4HANA Group Reporting, modernising and streamlining financial consolidation while improving data accuracy and enabling real-time visibility into group performance. To strengthen intercompany matching and reconciliation, SAP Intercompany Matching and Reconciliation (ICMR) was also implemented alongside Group Reporting as the enterprise solution for intercompany processes.
- Consolidated financial reporting was standardised and aligned with IND AS GAAP and IFRS across multiple reporting currencies
- Integration via GRDC brought together 240+ entities, 650+ profit centers, segment reporting, four versions, six consolidation groups, and six SAP S/4HANA systems into SAP Group Reporting with real-time visibility.
- Highly customised rules for investment elimination and Non-Controlling Interest NCI calculations enhanced accuracy and automation
- An out-of-the-box customised solution integrated master data from six SAP S/4HANA systems into a single group reporting server
- Additional financial disclosures were captured through 25+ GRDC input forms designed for reporting
- Intercompany reconciliation was improved through ICMR, enabling transaction-level matching with SAP Fiori reports and document-level drilldowns
- Automated email scheduling enabled twice-daily delivery of user-specific intercompany reports with supporting files.
Impact
UPL has transitioned to a future-ready consolidation and reporting landscape, establishing a unique solution architecture that integrates data from six SAP S/4HANA systems including three outside India into a centralised SAP Group Reporting environment hosted on a dedicated server. This transformation has eliminated legacy constraints and introduced a highly tailored, automated framework aligned with complex reporting requirements.
- Highly tailored solution comprising 10+ automations and developments for GAAP/group-specific auto reversals, stock reserve postings, deferred tax, COI, and NCI calculations.
- Financial accuracy improved by changing the currency translation approach from cumulative local values at the current period rate to period-specific rates.
- A separate extension version enabled financial statement restatement without impacting original data.
- ICMR enabled early and real-time identification of intercompany mismatches, allowing users to detect and resolve them
- Over 50 robust and tailored intercompany matching rules enabled auto-matching of over 85 percent of transactions, allowing users to focus on unresolved IC differences
- End-to-end automation streamlined the generation of SFS, CFS, and Notes to Accounts, reducing reporting timelines and manual effort.
