Centralized accounts receivable management for digital entertainment powerhouse
ProSiebenSat.1 Media SE is one of the leading media companies in Europe, which, in addition to its traditional TV business, also has numerous subsidiaries and holdings in the e-commerce sector. With the aim of efficiently managing payment processing, accounts receivable and receivables management, ProSiebenSat.1 decided to work with nexnet to manage these processes centrally via a shared service center. This represents an important step towards optimization, particularly for the fast-growing consumer businesses of its subsidiaries. Companies such as maxdome GmbH, Amorelie and Mach dich krass benefit from the structured and scalable handling of financial processes. By using SAP FI-CA, ProSiebenSat.1 is relying on a stable and reliable platform for mass processes.
Solutions by nexnet
nexnet supported ProSiebenSat.1 in overcoming these challenges with the following measures:
- Centralization of accounts receivable management: nexnet took over the complete accounts receivable accounting and receivables management for the B2C subsidiaries of ProSiebenSat.1. This included the companies maxdome, Amorelie and Mach dich krass.
- BPO and SAP FI-CA as a stable platform: As part of a Business Process Outsourcing (BPO) model, nexnet implemented the SAP FI-CA platform, which is particularly suitable for mass processes in the B2C segment. This solution enables efficient and certification-proof processing of all debtor processes.
- Standardized interfaces for data exchange: In order to efficiently connect the various subsidiaries, nexnet implemented a central architecture that provides standardized interfaces and data endpoints. This allowed all relevant financial data to be processed in a structured and standardized manner.
- Quality assurance and compliance: With an integrated internal control system (ICS) that complies with the PS 951 and PS 331 standards, nexnet ensures the quality of financial processes and ensures compliance with legal regulations. This guarantees SOX conformity and ensures audited and stable processes.
Solutions in use
- Accounts receivable management
- Receivables management
- Consulting
- Germany
- Group
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Success in figures
Years of experience
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Invoices per month
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System availability
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Results
The cooperation between ProSiebenSat.1 and nexnet led to significant improvements in the areas of efficiency, quality and scalability:
- Increasing efficiency and reducing costs: The centralization of accounts receivable management and the automation of financial processes enabled ProSiebenSat.1 to reduce its operating costs and at the same time focus internal resources on strategic core tasks.
- Scalable and reliable processes: Thanks to the SAP FI-CA solution and the BPO model, ProSiebenSat.1 was able to ensure that all accounts receivable processes run smoothly and scalably - a crucial factor given the growth of their e-commerce platforms.
- Quality and compliance assurance: The introduction of an internal control system (ICS) and cooperation with independent auditors ensured that all financial processes meet the highest quality and compliance standards, which guarantees SOX conformity.
Conclusion
The partnership between ProSiebenSat.1 and nexnet demonstrates how centralized accounts receivable management and a scalable payment processing solution can contribute to the success of a large, diversified company. By implementing nexnet's customized solutions, ProSiebenSat.1 was able to both increase efficiency and ensure compliance standards while reducing costs and scalability.