Now it all adds up for ElringKlinger
Automotive component supplier drives streamlined compliance and commission accuracy with Vistex
"SAP margin optimization solutions by Vistex completely transformed our commission processes. From day one, we experienced substantial time savings and gained the confidence to tackle future challenges with a scalable and efficient system tailored to our needs."
Arthur Lebsack
Director Financial Operations, ElringKlinger
Overview
ElringKlinger, a leader in advanced automotive solutions, grappled with challenges stemming from a commission management system that was incompatible with its newly implemented SAP S/4HANA environment, failing to efficiently handle high-value commission payments for the sales team. This 20-year-old system struggled with maintaining audit compliance and governance, critical for safeguarding the company’s financial health and ability to adapt and thrive in a rapidly-evolving industry. They sought a solution that would seamlessly integrate with SAP, streamline commission processes and ensure audit compliance consistency across regions.
Solution
ElringKlinger selected SAP margin optimization solutions by Vistex for its seamless integration with the SAP environment, addressing critical challenges posed by an outdated legacy system. The new solution could handle all functional requirements and complexity of processes across different divisions. Vistex ensured audit-ready commission processes, enhanced transparency of approval workflows and compliance of large payments across global operations. Additionally, the inherent scalability allowed ElringKlinger to adapt to evolving business needs, ensuring future-proof operations. By choosing Vistex, the company gained a trusted partner to deliver a modern, efficient solution that supports regulatory compliance, operational efficiency and long-term growth, positioning them for continued success in a highly competitive industry.
Results
After implementing SAP margin optimization solutions by Vistex, the system worked flawlessly from day one, delivering strict compliance with governance standards that reduced audit risks. The automation of approvals and validations of complex commission payment structures resulted in significant time savings, reducing hours of manual processes per month and allowing the financials team to focus on strategic activities. By consolidating operations into a single source of truth within SAP, ElringKlinger simplified internal controls, enhancing accuracy and transparency. Additionally, the scalable and adaptable nature of the solution positioned the company for seamless rollouts to its global locations and subsidiaries in the future.
About
ElringKlinger
As an independent supplier operating worldwide, the ElringKlinger Group has established itself as a powerful and trusted partner to the automotive industry – acknowledged for its exceptional depth of expertise. The product portfolio encompasses innovative solutions for passenger cars and commercial vehicles powered by electric motors, hybrid technology or combustion engines. Alongside the powertrain, other areas of application include the underbody, chassis, braking system, interior and vehicle body. ElringKlinger is among the front runners positioning itself as a specialist in the field of e-mobility – with pioneering battery and fuel cell technology, and associated components and assemblies, such as plastic housings and punched and formed metal parts.
Headquarters: Dettingen, Germany
Industry: Automotive
Products: Development and industrialization of components, modules and systems for all types of drive technologies – including battery, fuel cell and lightweight solutions. The portfolio is complemented by the Aftermarket and Engineered Plastics segments.
Revenue: €1.8 billion
Employees: Approx. 9,000
Solutions implemented:
SAP margin optimization solutions by Vistex
- SAP Incentive Administration by Vistex
Customized lightweight components engineered by ElringKlinger can be used throughout the entire vehicle, delivering tangible benefits in terms of weight reduction, efficiency and functional integration, especially in e-mobility applications. ElringKlinger serves the aftermarket in more than 140 countries with an extensive range of spare parts and is closely aligned with its customers in all major automotive regions.