In 2013, when Norsk Hydro and Orkla combined their international aluminium extrusion companies under the name of Sapa, the need emerged for an efficient group consolidation system for the new organisation. Indeed, Sapa suddenly had to account for its 23,000 employees in more than 40 countries. Oracle HFM (Hyperion Financial Management) was selected for Sapa’s financial consolidation, business segment operation reports and internal reports for the group management team.
With inlumi selected as the supplier and project partner, the HFM solution was effectively developed and adapted to Sapa’s business segments, reporting requirements and various undertakings. After just over a year of operation, key individuals at Sapa’s head office experienced noticeable benefits on many levels in the form of higher quality data, reports, and working time reduction at both the head office and subsidiary companies.
“HFM has demonstrated that it is a modern and future-oriented system for group consolidation, and inlumi has been a solid partner who thoroughly understands our needs,” says Kirsti Botheim, Group Accounting Director and Knut Ravnås, Group Business Controller.