Finance Transformation

Through integration and implementation of SAP S/4HANA Cloud​

  • 1 ERP to use for all group companies​
  • 30+ company codes  set live and migrated within 2022​ and 2023
  • 5 business relevant modules activated​
  • 5 months from SAP provision to Go-live of first company codes​
  • Rollout in 9 different countries

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Our client and his challenges

Northern Data, headquartered and listed in Germany, is a specialized technology company that provides High-Performance-Computing (HPC) infrastructure solutions.

The group owns and operates energy-efficient data centers across Europe and the US to power bitcoin mining, generative AI, and co-location services. Each center s strategically situated to maximize sustainability and minimize operating costs, for example via natural cooling methods, while providing the infrastructure to optimize the computing power of the latest processors that supply HPC.

Core business areas are:

Taiga Cloud: Europe’s largest, in-region, Generative AI Cloud Service Provider. Offering sovereign, clean-energy-powered, scalable, ultra-fast GPU compute power, across Europe.

Ardent Data Centers: Future-ready data center environments, built with liquid cooling technology to power next-generation HPC.

Peak Mining: Powering the future of the Bitcoin network, optimizing performance and energy efficiency in Bitcoin mining.

With the growing business and expanding service portfolio, we identified the need for a stable and audit-proof ERP system, which can cover the fast-growing business processes. I'm convinced that we are the best-positioned company in this industry in terms of finance operations.

Our partners at Finatycs demonstrated quality and agile implementation and managed the projects from end to end. The timely delivery was a key success factor of the project. With Finatycs we have a reliable and competent partner for our finance processes and systems.

Johannes Gantner, Director Finance & Controlling, Northern Data

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Our goal - focus on fast implementation

The goal was to achieve a rapid deployment of SAP Finance, targeting a three-month turnaround per country.

Concentrating on core configurations and applying best practices allowed us to meet Northern Data’s essential needs.

This strategy ensured a swift, efficient, and precise system setup, that aligned with critical business needs. Resulting in a rapid deployment process that delivered immediate and impactful results, much to the satisfaction of our clients.

Our systematic approach with discovery- and customization phase followed by comprehensive functional testing, dedicated training sessions, and user acceptance testing ensured smooth rollouts.

In 2022, we achieved the rollout for 13 company codes in Germany and USA. Our momentum continued with another 16 companies across Canada, the Netherlands, Norway, Sweden, Switzerland, the UK, and Ireland.

Simultaneously, we are enhancing system functionality to support procurement and logistics processes as well as treasury topics.

The years-long ERP implementation projects are not acceptable in a fast-changing environment anymore. During acouple of years, a start-up company can develop into a global player in the industry. Therefore, at Finatycs we offer an agile approach to respond to the client's needs by focusing on and understanding their core processes.

By teaming up with the client and defining an understandable roadmap for everyone in the organization, we elevated the Northern Data financial organization to the next level.

Rudolf Vasil, Partner, Finatycs​

Achieving a successful Go-Live was a significant marker in our finance transformation journey, but also just the beginning. Our commitment extended beyond hyper-care activities; we rolled up our sleeves and dove deep into managing the critical initial weeks of operational business.

Ourhands-on support during this transition period proved invaluable. It offeredthe client a dependable partner throughout the intense system changeover phase. This presence ensured that essential application knowledge was firmly in place and that all business processes were executed correctly, even by those freshly acclimated to SAP.

For the future, we are focusing on enhancing process changes, particularly in procurement and treasury. These steps are designed to empower the client to fully leverage the solid foundation we have established.

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Our solution - change process support​

Customizing the system to the client's needs in a greenfield implementation at Northern Data, allowed us to embrace and leverage SAP best practices and explore the possibilities that SAP S4/HANA (private) cloud offers, together with the client.

The integration with third parties through the SAP Business Technology Platform allows us to streamline and automate tasks within the processes without extensive development efforts.

Priya Navada, Senior Manager, Finatycs​

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Success Story