LISA Implementation at VARTA
Lease Accounting - fast, secure and transparent
When Excel reaches its limits
VARTA previously used an Excel-based solution to account for their leasing contracts according to IFRS 16. A separate file was created and periodically updated for each company code and contract type as part of this solution. To correctly manage, calculate and post hundreds of contracts from companies in 30 different countries, the responsible departments had to keep track of more than 50 Excel tables. Due to the high volume of data, loading times increased and it was nearly impossible to deal with contract changes and modifications. Correspondingly manual errors increased, reducing the department’s productivity and costing resources to manage it. Therefore, the previous solution was replaced by an automated, SAP-integrated tool.
Heterogeneous system landscape and complex, regulatory requirements
Different systems but an automated and globally standardized process
Laying the foundation for the SAP S/4 HANA implementation
The go-live of LISA was followed not only by a transition to productive support but also by a follow-up project at VARTA Microbattery. In 2021, the VARTA company upgraded its financial accounting to SAP New GL. It was possible to adjust LISA to the new system conditions with just a few customizations during this project. Thus, from LISA's point of view, nothing stands in the way of the planned SAP S/4 HANA implementation.