RFM achieves the world's fastest SAP migration
RFM completed the world's fastest SAP S/4HANA conversion in 18 days, reducing costs by approximately 70% with MIGNOW.
EC&O
Brazil
.01 CONTEXT
The RFM Group has been operating for over 40 years in the construction and real estate development sector.
RFM is a leader in real estate development RFM is a leader in real estate development and in the construction and development of corporate, commercial, residential, hospital, hotel, and school buildings since 1979. Throughout their history, they have collaborated with great minds in architecture, engineering, and construction. They encourage their team to innovate and achieve excellence in every project and business unit. Thus, they have built a team of over 200 people, responsible for implementing unprecedented solutions in the Brazilian market and leading the sector's modernization.
The company has executed over 3.3 million square meters and delivered more than 3,000 units. Additionally, it is present in the real estate tourism sector with Txai Resorts in Itacaré, Bahia, and holds stakes in long-term investments in PMI and concessions through “Concessões e Participações BR”.
The conversion was carried out with a specific cost plan and native integration with specialized modules for revenue recognition based on construction cost progress (POC – corporate balance sheet) and cost recognition based on revenue progress (tax balance sheet).
.02 DETAILS
World record for the fastest conversion in just 18 days!
According to RFM, the initiative for the change arose because they always “deliver work that stands out for its quality and differentiated concepts, constantly seeking trends and technologies to conceive and plan solutions that offer the best experience for clients and new perspectives for the engineering and construction sector.” Thus, Mignow fits as a “significant opportunity to expand and grow. The company has fundamental requirements in technology, innovations, and cost management that they strive to meet daily for a differentiated service,” and also a solution that “can be executed quickly, and even after the conversion, the company, in addition to staying updated with the latest available SAP S/4HANA version, receives environment monitoring service and an eLearning platform for end-users.”
According to the client, the project enabled “improved tracking of suppliers, materials used in projects, and internal processes, as well as enhanced internal communication and collaboration, resulting in more innovations and agility in problem-solving.” It also “allowed the company to considerably reduce project costs (by around 70%), and now managers can have the company's business functions ready for execution via Fiori while they are out of the office visiting construction sites, for example, which increases time by approximately 60% per year.”
The partnership between RFM and Mignow was explosive! The conversion was successfully executed in just 18 days, earning the award for the 'world's fastest S/4HANA conversion'!
