From Separation to Stabilization: Supporting a Strategic Carve Out
THE CLIENT
A multi-billion dollar energy infrastructure company that underwent a strategic divestiture and internal reorganization to create a new standalone business platform.
THE CHALLENGE
The client embarked on a multi-stage transformation, beginning with the separation of legacy business units and later modernizing its ERP environment.
Carve Out + Entity Stand Up
Following the announcement of a major divestiture, the client needed to carve out a new business entity from a combination of subsidiaries. This process required designing a complete financial and operational structure for the new organization – independent yet aligned with the parent company’s governance and reporting needs.
SAP S/4HANA Transformation
After the successful carve out and stand up of the new entity, the client initiated a large-scale upgrade from its legacy on-prem SAP system to the cloud-based SAP S/4HANA platform. This effort would modernize the organization’s ERP environment and support scalable growth for years to come.
Sayva partnered with the client at both critical junctures, bringing the right expertise to ensure successful outcomes.
SOLUTION HIGHLIGHTS
- Executed accounting carve out and business entity stand-up following the divestiture.
- Designed a scalable GL structure, reporting processes, and financial controls to support independent operations.
- Guided the client through a migration from on-prem SAP to SAP S/4HANA Cloud.
- Provided program management, functional design, and adoption support throughout the ERP transition.
- Ensured financial continuity and compliance during the organizational separation and the system modernization.
- Built an enduring partnership, continuing to support the client’s evolving operational and technology needs.
THE SOLUTION
Carve Out Accounting + Entity Creation
Shortly after the divestiture, Sayva was engaged to lead the accounting and finance efforts required to carve out and operationalize the new business entity.
Key Areas of Impact:
- Defined the General Ledger structure and chart of accounts.
- Established closed procedures and financial reporting workflows.
- Built scalable accounting frameworks aligned with corporate oversight.
- Aligned intercompany and transactional processes with the parent organization.
SAP S/4HANA Cloud Transformation
After the carve out was complete and the new organization was operational, Sayva was engaged to support the client’s transition from its legacy SAP environment to SAP S/4HANA Cloud. Sayva has remained a trusted partner throughout the ERP modernization effort.
Key Areas of Impact:
- Provided project management support for the ERP upgrade.
- Guided functional and technical design for finance, procurement, and reporting modules.
- Ensured adoption, continuity, and data integrity throughout the transition.
- Continued support of the client’s evolving ERP needs as the organization scales.
‘‘The carve out process involved significant complexity across systems and financial structures. Sayva brought deep expertise that proved essential during a critical phase of the transition. Their ability to navigate ambiguity and develop a clear accounting framework was instrumental to the success of the carve out.” — Accounting Manager
RESULTS AND BUSINESS IMPACT
Sayva’s expertise enabled the client to successfully complete two major transformation initiatives – first establishing a new entity post-divestiture and later, modernizing its ERP platform.
Outcomes included:
- Entity Successfully Established: Delivered a fully operational and financially structured company following the carve out, enabling seamless operations.
- ERP Modernization: Upgraded from legacy SAP to SAP S/4HANA Cloud, providing greater scalability, transparency, an d real-time reporting.
- Continuity Preserved: Maintained reliable financial operations and audit readiness throughout both transitions.
- Long-Term Partnership: Supported the client through multiple stages of organizational and technology change, building a foundation for future growth.
