05.05.2009 | Slovakia
S&T Euro conversion at the SLOVNAFT Group
In January 2009 SLOVNAFT Group in Slovakia successfully changed to EURO
The project was also a great example for good co-operation between countries. From MOL Group’s side the countries involved were: Slovakia and Hungary, while from the S&T Group: S&T Unitis Hungary (with seven years of experience in several SAP projects at the MOL Group), S&T Varias (the Slovakian subsidiary of S&T) and S&T Slovenia which had gained many experience in SAP Euro conversion projects in the past, formed the fruitful co-operation.
The task’s key success factor was that the complex and business-critical SAP systems of three Slovnaft Group companies had to be converted to another currency and it was also necessary to ensure that the data in the system components after the conversion remained consistent.
The key milestones of the Euro conversion project were:
1. Dual Display of Prices – The realization of the dual display of prices appearing on official documents in the commercial and consumer circulation: on the invoices and on other customer related printouts.
2. Testing – The key of the project was the thorough testing, which meant the utilization of the methodology prescribed by SAP for the conversion process and the systematic and extensive testing of the corporate processes and integration points between systems.
3. The change of the transactional currency – From 1 January 2009 the transactional currency of the productive systems was changed to the Euro.
4. The change of the book-keeping currency - following the business closing of the year 2008 the company's book currency was converted to the Euro. The accounting data were also converted retroactively to the Euro.
As the result of the project S&T Unitis, the Hungarian subsidiary, has obtained worthwhile experience in the Euro conversion functional knowledge of SAP systems, and we truly hope that there will be need for this knowledge in Hungary soon!
In addition to the experienced advisory and developer team, the S&T Group could make good use of its international abilities, resources and experiences as well. Like on this Euro conversion project it was easy to find trained specialists from the team of S&T Slovenia in this case, who had already executed Euro conversion in more SAP systems in their homeland.
Summing up the case, S&T Group is very proud of the successful Slovnaft Group SAP project. We hope that on the trace of our experiences we will have more Euro conversion projects in Eastern-Europe in the near future.
Capture: S&T converted to the EURO in the SAP systems of the Slovnaft Group