Setur Marinas,
IFRS Transformation Project

Setur Marinas — Turkey’s largest marina chain, operating 11 marinas across 2 countries with more than 450 employees — worked with GTech on an IFRS transformation project, moving its financial consolidation and legal reporting from a manual structure onto a single, automated platform built on Oracle Enterprise Performance Management (EPM) and integrated with SAP.

The Project:

• Ensuring that data is reported from a single, accurate source.
• Accelerating senior management’s decision-making by making the company’s operational and financial performance monitoring fast and easily accessible.
• Standardizing outputs across the company’s group reporting and analysis processes.
• Preparing the right reports with the right data in a short time, moving away from the manual structure.
• Automating actual IFRS Worksheet Trial Balance (WTB) conversions alongside management reporting.

Achievements:

• Efficiency increased through the automatic execution of each opening, adjustment, and classification record used in creating IFRS and legal financials, all from a single platform at the end of the project.
• Manual error margins were eliminated through the digitalization of the process.
• All reporting processes, including group and management reporting, are now accessible from a single platform.
• Real-time operational and financial performance tracking became standard practice across all 11 marinas.