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Local Implementation of Core HR, WFM & Payroll
Local Dayforce Implementation (Core HR, WFM & Payroll) for a Global Consumer Goods Company
LKPU
Case Study
Payroll
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Payroll
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People Migration
LKPU supports a payroll provider in migrating its existing customers to a new platform. Project structures are being validated and implemented.
HCM Providers
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MS – Reconciliation
Within the scope of the project, challenges related to social insurance and third-party payments were successfully consolidated and resolved.
Vendor Management
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E-Commerce Marketplace Launch: Coordinating Complex Contracts for PVH’s Purchasing and Logistics Group by LKPU
LKPU took on the responsibility of creating the project, overseeing legal advice, and ensuring factual presentation and economic quality assurance.
Vendor Management
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Global HCM software and service provider management
With high M&A activity, group companies strive for effiiciency are in need of global harmoninzation of IT and processes.
Vendor Management
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Provider management B2B mass migration
In the payroll industry, LKPU tuned around a market leader's migration of ca. 1,200 business clients within 11 months. Continuous load balancing among the involved providers, their enablement and performance control led to a successful migration with negligible churn.
Organizational Excellence
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Implementing Efficiency Measures and Risk-Based Dismantling for a Specialist Bank Under Financial Pressure
To ensure competitiveness and efficiency, the management of a specialist bank faced the challenge of reducing costs in an ongoing financial pressure environment. LKPU provided support by introducing a model that integrated assembly and disassembly organization.
Organizational Excellence
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Reduction of Error Rate in Payroll to Improve Accuracy and Reputation
LKPU has been entrusted with the task of reducing the error rate to less than 1%, thereby enhancing the accuracy and reputation of the payroll function.
Pre/De/Merger
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Successful Integration of German Custodian Bank into the Largest Worldwide Custodian Bank
In the merger between the largest custodian bank worldwide and a German custodian bank, LKPU takes charge of project management, technical support, post merger integration negotiations, and test management reporting.
Pre/De/Merger
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Successful Merger of European Entities at a Global Asset Manager
At one of the largest asset managers worldwide, an ongoing European merger encounters challenges. LKPU assumes the management of the merger and successfully completes it six weeks ahead of schedule.
Pre/De/Merger
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Demerger of DACH and Benelux Business of an International Sales Financier
The project involves the separation and reintegration of IT systems and processes, migration of clients and assets, and the implementation of transitional service agreements (TSAs).
Pre/De/Merger
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Successful Integration of a Large German Savings Bank into a German Universal Bank
Following the takeover of a large German savings bank by a German universal bank, a comprehensive pre and post-merger integration is carried out to fully integrate the assets of the acquired bank.
Pre/De/Merger
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Seamless Integration of Long-Established German Private Bank and Subsidiary by a German Universal Bank
Following the takeover of a long-established German private bank and its subsidiary by a German universal bank, a comprehensive pre and post-merger integration is carried out.
Pre/De/Merger
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Successful Integration of Retail Business in DACH and Benelux of a Global Sales Financier by the Retail Arm of a Leading Global Universal Bank
Following the acquisition of the retail business in DACH and Benelux regions by the retail arm of a leading global universal bank, a comprehensive post-merger integration was conducted.
Pre/De/Merger
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Successful Integration of German Retail Business of a Nordic Universal Bank by a Leading Global Universal Bank’s Retail Arm
Following the buy-out of the German retail business of a Nordic universal bank by the retail arm of a leading global universal bank, a comprehensive post-merger integration was conducted.
Pre/De/Merger
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Enabling the Global Universal Bank’s Expansion into German and European Markets through Rapid Acquisitions
To establish a strong presence in the German and European markets, a global universal bank pursued a strategy of rapid acquisitions.
Pre/De/Merger
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Rapid Payroll Provider Switch for Carve Out Payroll at BP Aromatics
The project, completed within a three-month timeframe, involved a data carve out and subsequent cleaning to meet the hard rupture of service M&A deadline.
Program & Project Management
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Implementation of SAP SuccessFactors Interface for Employee Central at a Service Company
To ensure seamless data integration, LKPU is entrusted with the implementation of an interface that centrally supplies peripheral systems in approximately 20 countries with relevant employee data.
Program & Project Management
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Successful Agile Transformation in the Omnichannel and Global IT of a German DAX30 Company
With one LKPU partner and five agile senior coaches, we prepare and guide the critical phases of the transformation, ensuring success at both operational and management levels.
Program & Project Management
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Effective Program Management for IFRS 9 Implementation at a German Landesbank
LKPU takes charge of program management for the implementation of IFRS 9 at a German Landesbank. In addition to internal project staff, we oversee approximately 40 consultants from the Big Four, ensuring their selection and integration for software related to impairment.
Program & Project Management
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Enabling Integration of a Benefits Portal with SAP HCM Payroll Environment for the Leading German Mutual Bank IT Provider
As part of this project, LKPU takes charge of project management, including service provider management.
Program & Project Management
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Revitalizing the Service and Product Portfolio for German Operations of a Global Service Leader
Through a highly confidential and comprehensive analysis, we provided concrete recommendations for a 30 million euro change roadmap. This analysis involved close cooperation with the executive committee (EX-COM).
Program & Project Management
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Develop Chemicals Group’s Global Payroll Harmonization and T&A Strategy
This comprehensive support included workshop facilitation, scenario preparation and evaluation, senior management decision support, RFP procedures, proposal comparison, contract and SLA design, and negotiation.
Program & Project Management
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Supporting Manufacturing Company in Sympa HRMS Implementation and Integration
This initiative aims to streamline HR processes and support the company's transition under new ownership.
Program & Project Management
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Assisting a Client with HRIS Selection, Provider Evaluation, and Service Level Optimization for HR, Payroll & Time Management
LKPU provides support in selecting, evaluating, and negotiating the implementation and service contract, ensuring optimal outcomes for the client.
Insurance
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Defining the Target Operating Model for Fraud and Recourse in the Merger of Two Leading Insurance Companies
As part of the merger between two prominent insurance companies, it became imperative to consolidate their respective organizations, processes, and technical solutions. This comprehensive integration necessitated the recalibration of the target operating model across numerous departments to align with the new unified corporate structure.
Insurance
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Innovation and Business Model Development for a Major German Insurance Company
A major insurance company in Germany resolved to construct innovative business models, positioning itself strategically for forthcoming challenges and seizing new market opportunities with an emphasis on telematics-based insurance and service products.
Insurance
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Strategic Reorganization of Claims Department: A Collaborative Endeavor for a Leading German Insurance Firm
A German insurance company has initiated a strategic restructuring of their claims department to enhance customer satisfaction and streamline operational efficiency. Moreover, this reorganization aimed to achieve a reduction of claims costs.
Insurance
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Supporting an Insurance with project rescue of an innovation project
In a prominent German composite insurance company, there was a critical juncture in an innovation project. Failure to achieve these goals would have resulted in the absence of a viable solution and substantial sunk costs.
Industry & Trade
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Successful Implementation of Reverse Charge Procedure for a German Steel Trader
A large German steel trading network, operating internationally, urgently needed to implement the reverse charge procedure for dispatch and collection deliveries to the EU.
Industry & Trade
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Establishing a B2B Marketplace for a PVH Purchasing and Logistics Group, Enabling E-Commerce for Members
A PVH purchasing and logistics group, comprising approximately 1,500 member companies, aimed to open up e-commerce opportunities through a marketplace platform.
Financial Services
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Successful Inventory Management System Change and Credit Process Optimization at a German Landesbank
The project also includes optimization of credit processes and the introduction of a new version of the financial mathematical software, Marzipan.
Financial Services
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Successful Adaptation of Credit Processes and Core Banking System at a Large German Automotive Bank
The project includes adjustments to the core banking system, reference interest rates, calculation algorithms, and interfaces.
Financial Services
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Implementing Efficiency Measures and Risk-Based Dismantling for a Specialist Bank Under Financial Pressure
To ensure competitiveness and efficiency, the management of a specialist bank faced the challenge of reducing costs in an ongoing financial pressure environment. LKPU provided support by introducing a model that integrated assembly and disassembly organization.
Financial Services
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Successful Management of Special Audit by Multiple Regulators at a Major European Bank
LKPU manages the BCM/ITSCM/DR project, encompassing technical conception, regulator communication, vendor management, and technical test support.
Financial Services
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Successful Foundation of Association for Cyber Crime Prevention by Three European Banks and the Federal Criminal Police Office (BKA)
Three European banks collaborate with the Federal Criminal Police Office (BKA) to establish an association dedicated to combating cyber crime.
Financial Services
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Successful Optimization of Market Data Procurement and Usage at a German Universal Bank
A German universal bank undertakes an optimization initiative to enhance the procurement and usage of market data.
Financial Services
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Successful Implementation and Integration of New Core Banking System for German Online Subsidiary
A new core banking system is implemented and seamlessly integrated into the operations of the German online subsidiary of an international universal bank.
Financial Services
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Carve Out and Outsourcing of Securities Processing for Asset Management
Securities processing functions are outsourced to the asset management subsidiary of a leading German universal bank, headquartered in London.
Financial Services
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Interim Assessment of FATCA Implementation during Organizational Reorganization at an Global Universal Bank
In the midst of an organizational reorganization at a global universal bank, the responsibility for FATCA is being redefined.
Financial Services
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Successful Implementation and Integration of “Purchase on Account” Product for B2B E-commerce at a Private Bank
To support the B2B e-commerce operations of its parent company, a private bank introduced a "purchase on account" product.
Financial Services
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Manage Provider Change and Contract Completion for Outsourced Payment Transactions
Following a takeover by investors, a German private bank undergoes a provider change for its payment transactions. However, the contract, including service specification and service levels, blocks the transaction. LKPU steps in to structure, consolidate, complete, and ensure the quality of the contract. After two months, successful negotiations result in the signing of the contract.
Project Rescue
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Successful Management of MiFID II/MiFIR Implementation Challenges at a German Federal State Bank
Within the MiFID II/MiFIR implementation at a German Federal State Bank, LKPU takes responsibility for managing technical issues and the overall program from the program management office.
Project Rescue
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Successful Inventory Management System Change and Credit Process Optimization at a German Landesbank
The project also includes optimization of credit processes and the introduction of a new version of the financial mathematical software, Marzipan.
Project Rescue
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Successful Adaptation of Credit Processes and Core Banking System at a Large German Automotive Bank
The project includes adjustments to the core banking system, reference interest rates, calculation algorithms, and interfaces.
Project Rescue
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Mass Migration Turnaround for Payroll Software Provider
In the face of a crisis arising from a serious dispute with an external migrateur, LKPU improved the organizational and operational structure, implemented transparent control measures, and provided dispute support to ensure the migration's in-time conclusion.
Project Rescue
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Rescue Payroll Change for Television Company
LKPU swiftly intervened with pragmatic velocity, escalating decisions at the management level and restoring team spirit and management capabilities.
People
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Streamlining and Enhancing Benefits & Pensions Administration for Global Operations
The objective is to establish an optimized IT landscape with minimal interfaces and paper-based operations.
People
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Implementation of an Understandable Compensation System for Two Medium-Sized Companies
LKPU is tasked with introducing a transparent and user-friendly compensation system to address these issues effectively.
People
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Standardization and Digitization of HR Processes for a Leading Retail Company
This initiative lays the foundation for process harmonization and digitization within HR.
People
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Successful Digitization of Personnel Files for Two Major Corporations
LKPU Payroll provides comprehensive support in selecting providers, optimizing processes, and implementing the digital personnel file system.
People
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Global Payroll Harmonization and HCM Implementation in APAC
This project involves harmonizing payroll processes across APAC countries, including China, Indonesia, Thailand, Japan, Korea, Singapore, and Vietnam. LKPU's involvement extends to future implementation in EMEA and Americas.
People
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Streamlining and Optimizing SAP HR IT for Enhanced Efficiency
LKPU is leading the project, which involves conceptualizing, managing requirements, surveying and redesigning processes, selecting additional SAP modules & integrating additional service providers.
People
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Stabilization of Time & Attendance System at a Large Insurer’s Subsidiary
LKPU played a crucial role in stabilizing the time and attendance processes, correcting errors, restoring employee confidence, and transferring knowledge to the parent company's HR Services.
People
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Implementation of Non-Cash Remuneration and Events Guideline at a Large Trading Company
LKPU played a vital role in creating and implementing a new policy and associated processes to address these issues effectively.
People
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Enhancing Master Data Quality for an IT/Financial Service Provider
LKPU undertakes the task of extracting, analyzing, and structuring 12,000 employee master data records, identifying deviations, and implementing measures to enhance data quality.
Payments
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Strategy support to a scheme provider for its business solution
The Business Solutions unit of a scheme provider focusses on growing revenues within the New Flows section.
Payments
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Principal membership for a fintech – Support Europe’s leading banking as-a-Service platform with the decision process
Europe's leading Banking-as-a-Service platform as a technology company with a full German banking license, enables other companies to offer their own financial services.
Payments
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Helping an issuer within the RFP process for the co-branding credit portfolio
A European bank/Issuer was in the process of responding to an RFP for the co-branding credit portfolio, with the intention of securing this portfolio and migrating it.
Payments
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Supporting the country manager of Switzerland & Liechtenstein to shape the strategy including associated initiatives
The country manager of Switzerland and Liechtenstein of a scheme provider required additional support to further progress strategic initiatives that need to be centrally managed and driven within the overall Central European organization.
Payments
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P2P Solution introduced by a scheme provider to the Swiss market As an alternative to the dominant offer from twint
Push payments to cards can be enabled by switching the payment rails from the network to the P2P solution.
Payments
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International Insurance Company and its payment & x-pay solution
An international insurance company based in Germany decided to introduce payment and x-pay solution including e-Commerce as part of an overall strategy to improve customer experience & more.
Payments
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Helping an issuer with the introduction of a new debit product and the integration of a new technical processor
LKPU Team Ensures Seamless Product Launch Through Integration, Process Optimization, Testing, Compliance, and Enhanced Customer Experience.