Despite being one of the world’s largest suppliers of phosphates and potash fertilizer, the Mosaic Company has managed to maintain a single instance of its SAP ERP system since 2006. That’s no small task for a global business that serves customers in more than 40 countries.
One Instance, One Source of Truth
Yet it’s been worth it. This approach has made it possible for Mosaic to quickly add new technologies that have helped the company enhance its financial operations. Mosaic, which recorded $7.14 billion in revenue in 2017, processes its general ledger through SAP ERP and uses the technology as its treasury workstation.
“When we first went onto SAP, the testing for converting our legacy systems to SAP was extensive, agonizing, and painstaking. Now, because we have one platform and one set of processes, it’s very simple,” Crawford said. “And there’s one source of truth for everything because it’s all on the one instance. That’s a huge win for the company.”
Mike Crawford, Mosaic’s senior corporate treasury manager, shared his story with Ann Marie Gray, VP of content at ASUG. He described how this strategy has prepared the company for the complexities of adding emerging technologies such as SWIFT connectivity and robotics quickly and with less friction. He also shared the steps he took to align Mosaic’s workforce to accept and embrace these changes.
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Michael presented on this topic at the 2019 SAP-Centric Financials conference.