Why SAP?
Banking | Argentina SAP S/4HANA, SAP Services and Support, SAP Active Attention, SAP Early Adopter Care, and SAP Enterprise Support Mercado Libre S.R.L.
• SAP S/4HANA®, enabling operational excellence, an intelligent business infrastructure, and treasury and cash management standardization • SAP S/4HANA solution for central finance to unify the finance function • SAP Services and Support to help complete the deployment and mitigate risks based on the proposed road map • SAP Active Attention® offerings and the SAP Early Adopter Care program for dedicated digital • transformation expertise and support, including best practices and process optimization, as well as safeguarding services and enablement assets from SAP Enterprise Support services
66% Reduction in month-end preclosing time – from three days down to one day
20% Of staff freed up to focus on value-added tasks, due to removal of previous manual tasks
85% Automation of processes in treasury and cash management
BTP Story
Mercado Libre S.A. hosts one of the largest e-commerce and payment platforms in Latin America, providing trading services across 18 countries, including Argentina, Brazil, Mexico, and Colombia. The COVID- 19 pandemic accelerated the company’s need to advance its digital transformation and execute its road map to stabilize and standardize its finance operations. Due to very strong growth, it required comprehensive support to achieve its goal of managing back-office systems with integrated and intelligent ERP solutions
Challenges
• Lack of system support for strategic initiatives • Innovation constraints • Lack of collaboration & capability to scale
Outcomes
“SAP S/4HANA has enabled us to address our scalability and growth needs. Also, moving our treasury processes to SAP software has standardized and automated them, allowing our people to focus on strategic activities.”
• Improved decision-making • Improved employee productivity and customer experience/ satisfaction • Improved finance operations
Finance, Process, and Systems Manager, Mercado Libre S A. -Hernan Lopez
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