By part­ner­ing with SAP to imple­ment mate­r­i­al ledger func­tion­al­i­ty, Abbott Lab­o­ra­to­ries LLC was able to man­age busi­ness com­plex­i­ty and sup­port con­ti­nu­ity. Use of par­al­lel val­u­a­tions by mate­r­i­al enabled effi­cien­cy, con­sis­ten­cy, enhanced con­trol pro­ce­dures, and ana­lyt­i­cal capa­bil­i­ties in the Rus­sia implementation.

Key take­aways:

• Uti­lize par­al­lel val­u­a­tion and mate­r­i­al ledger to meet local legal require­ments and Abbott Per­for­mance requirements.
• Eval­u­ate the influ­ence of lega­cy process­es on SAP enter­prise design.
• Opti­mize reporting/​reconciliation through use of SAP Mate­r­i­al Ledger reports.

Speak­ers:

Beth-Ann Chudy, Sr. Func­tion­al Process Man­ag­er, Abbott

Sai Nala­gand­la, Sr. Finance IT Lead, Abbott

Time­stamps:

• About Abbott: 3:35
• Key Out­comes and Objec­tives- 6:58
• What is Mate­r­i­al Ledger?- 7:37
• Inven­to­ry Val­u­a­tion and Abbot­t’s Mate­r­i­al Ledger Evo­lu­tion & Approach- 8:58
• Abbott Lega­cy Sys­tem and Process Land­scape- 10:40
• Actu­al Cost­ing Require­ments- 12:30
• Sum­ma­ry of Rus­sia Busi­ness Require­ments- 15:38
• Abbott and SAP Solu­tion- 16:50
• How We Met Require­ments with Par­al­lel Ledger- 19:40
• Actu­al Cost­ing: Par­al­lel Val­u­a­tion- 23:05
• Abbott Report­ing Require­ment- 28:20
• Ses­sion Recap and Busi­ness Ben­e­fits- 30:05