A Rock Star Approach: Establishing a Global Financial System for Procurement Alignment
Sony Music Entertainment has established a global financial systems strategy using a standard SAP template that aligns Procurement for a common footprint. This strategy has been deployed in 27 countries and is planned to roll out to all Sony Music territories. In adopting this approach, several challenges have been addressed pertaining to controlling cost, standardizing a purchasing solution, managing critical services spend, globalizing data and declining industry revenue. As a result, there is now one global purchasing solution for all five continents of operation.
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Sony Music Entertainment has established a global financial systems strategy using a standard SAP template that aligns Procurement for a common footprint. This strategy has been deployed in 27 countries and is planned to roll out to all Sony Music territories. In adopting this approach, several challenges have been addressed pertaining to controlling cost, standardizing a purchasing solution, managing critical services spend, globalizing data and declining industry revenue. As a result, there is now one global purchasing solution for all five continents of operation.