Helping a Baltic Company Meet Localization Requirements with SAP Finance Enhancements

Discover how LeverX enhanced SAP Finance modules to ensure a Baltic-based company’s compliance with local financial regulations and operational continuity.

Project Background

A midsized company based in the Baltics required its SAP system to comply with local financial regulations. To meet these legal requirements and support uninterrupted business operations, LeverX was engaged as a trusted SAP localization expert.

The main objective was to adapt and configure SAP Finance modules according to the region's legal and reporting standards, ensuring the system’s readiness for day-to-day financial processes under local laws.

Challenge

The company needed to ensure its SAP Finance system was fully aligned with regional regulatory requirements. This involved several legal adjustments to core SAP functionality, including VAT configuration, business place setup, localized financial statement formatting, and support for regional banking interfaces.

The key challenge was implementing all necessary changes without disrupting ongoing operations or requiring complex custom development.

Methodology and Approach

LeverX applied SAP's standard implementation methodology, ensuring a streamlined and legally compliant localization process.

Thanks to our deep understanding of the region’s financial and tax regulations, we implemented the required configurations using standard SAP functionality. The project avoided complex custom development by leveraging standard SAP functionality, resulting in a robust and legally sound SAP environment.

Solution

LeverX implemented the following components within the client’s SAP environment:

• Additional tax field in Business Partner Master Data
• Activation and Assignment of Business Places
• Configuration of VAT Tax Codes
• Financial Statement Variant (FSV) for localized reporting
• Standard legal printouts
• Bank integration: correct DME structure for F110, bank statement transformation for FF_5

These enhancements empowered the company’s finance department to conduct operations efficiently and in full accordance with local legal requirements.

Tech Stack

• Core SAP modules: SAP FI (Financial Accounting)
• Standard SAP tools: DME (Data Medium Exchange), FF_5 (Bank statement processing)

Result

LeverX successfully delivered a legally compliant and operational SAP Finance system tailored to the Baltic region’s localization standards. Key outcomes included:

• Immediate operational readiness for the company’s finance team
• Full compliance with regional VAT laws and financial reporting standards
• Streamlined bank integration processes

The solution delivered substantial business value by enabling confident and compliant financial operations in the target region.