Lykill hf SAP S/4HANA Implementation for Faster Financial Reporting

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Lykill hf SAP S/4HANA Implementation for Faster Financial Reporting

Case study of Lykill hf's migration to SAP S/4HANA, showing reduced report generation times and improved customer data access in financial services leasing.

Published

June 4, 2026

Read time

3 min read

Source

SAP

Lykill hf, an Icelandic financing company, implemented SAP S/4HANA with partner Applicon after the 2008 financial crisis to support business expansion into fleet leasing. The upgrade replaced an IBM iSeries system with a unified data platform, enabling real-time credit evaluation, lease estimates, and payment processing. Results included reducing daily status updates from 4 hours to 10 minutes and financial closing from 4.5 hours to 1.5 hours.

Key takeaways

Migrated from IBM iSeries to SAP S/4HANA for unified data platform

Reduced daily status updates from 4 hours to 10 minutes

Cut financial closing cycle from 4.5 hours to 1.5 hours

Achieved 1,000x faster debt-to-income ratio analysis (3 seconds)

Enabled new self-service customer portal through process automation

Market overview

SCR methodology note

Vendor landscape

Leaders

Implementation considerations

Important consideration

Original Source

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