About Janus Henderson
Janus Henderson Investors (JHI) is a leading global asset manager formed from the merger of the Janus Capital Group and Henderson Global Investors in 2017. The group’s assets under management (AUM) exceed $401.6bn (Q4 2020), with capabilities across all major asset management investment classes.
Decision Inc. UK helped JHI secure a new combined group financial reporting system: achieving a single version of the truth, capitalising on their investments in SAP systems and minimising manual intervention in the production of key reporting outputs.
The project was executed at pace to integrate the financial processes of the two merged groups within 7 months, and was an SAP UK Quality Awards 2018 Finalist in the Rapid Deployment category.
The Requirement
To capitalise on the opportunities offered by the merger, the group embarked on the development and implementation of a common SAP system for Finance (ERP) and Consolidation. As part of this programme the SAP BPC system was to be re-implemented to deliver a group-wide financial reporting solution.
The solution was intended to facilitate:
- Reporting of actual and plan data in accordance with both US GAAP and IFRS accounting standards
- Translation, elimination and consolidation of all categories of data at the appropriate level of granularity
- Improved system performance for data loading and calculations
- Significant reduction in manual Excel procedures in the production of key internal and external reporting outputs
- Reduction in the length of the reporting cycle without sacrificing control
- Increased transparency and comparability of data across the group
JHI engaged specialist EPM consultants Decision Inc. (formerly Copperman Consulting) to provide a group-wide solution for financial reporting, with three guiding principles:
- A system designed to reflect the group’s long-term SAP strategy and data structures
- The right balance of simplicity and complexity: producing the required reporting outputs while being easy to understand, operate and maintain
- SAP-standard configuration practices, eliminating the alternative techniques used previously
“Taking on-board the lessons learnt from previous BPC implementations we recognised the importance of going with a BPC specialist when we re-implemented our solution.”
Brad KorteHead of Finance & HR Technology, Janus Henderson
