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Krakatau Steel Dual Currency Conversion

Krakatau Steel Dual Currency Conversion

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Published by Didem Ergin
Krakatau Steel reaches the next level of internationalization by realizing a dual currency conversion project
Krakatau Steel reaches the next level of internationalization by realizing a dual currency conversion project

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Published by: Didem Ergin on Jan 13, 2014
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01/21/2014

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Krakatau Steel
Dual Currency Conversion
SAP System Landscape Optimization (SLO)
 
©2013 SAP AG. All rights reserved. 2
Confidential
QUICK FACTS
Krakatau Steel
(Founded 1971)
 
Krakatau Steel is an integrated steel company that produces hot rolled coils, cold rolled coils and wire rods as its main products. Its mission is to provide the best quality steel products and related services.
Industries:
Steel, utilities, infrastructure, information systems and medical services
Headquarters:
Cilegon, Indonesia
Revenue:
USD 2,287.45 million (2012)
Employees:
Over 5000
SAP solutions and services:
Parallel currency conversion for FI and ML, and CO currency conversion for CO, PCA and CO-PA
Project Objectives
 
Introduce USD as a parallel currency and enable USD group reporting
Convert group reporting currency from IDR to USD
Fulfill legal requirements for USD reporting
Comply with IFRS reporting standards
Key Challenges
Realize extensive evaluation, documentation and reporting
Meet restricted business downtime window of maximum 40 hours
Meet and implement government specific
regulation requirements and realize reporting guidelines
Synchronize material ledger implementation and the currency conversion
Key Figures 
Project duration of 6 months
3 test cycles
Separate go-lives for currency conversion and material ledger implementation
Productive currency conversion on one single weekend
Highlights
 
Sustained and undisrupted business operations throughout the entire conversion process
Production conversion in only 31 hours
Manage a material ledger implementation
and a currency conversion in parallel
Why SAP 
SAP SLO offered the best solution and methodology
SAP SLO offered a one-step currency conversion service approach
Krakatau Steel
Dual Currency Conversion
 
©2013 SAP AG. All rights reserved. 3
Confidential
USD
 
Before
 
Conversion
IDR
Krakatau Steel
Dual Currency Conversion
Transaction currency Group Currency: IDR Local Currency: IDR
Before the conversion Krakatau Steel uses IDR both as local currency and group currency
1

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