The new digital economy is putting extreme pressure on finance. Discussions with SAP customers have come down to 2 main challenges.
New normal of volatility – it is not just in traditional areas of currency exchange risk and commodity prices but also rapidly changing consumer preferences. In addition, Tax policy volatility, and complex regulatory requirements are challenging finance to provide ever deeper and ever more real time information to deal with those challenges.
The second challenge is the proliferation of business model change, across all industries. Industry lines are blurring and the number or mergers and acquisitions continues to grow, becoming a standard model for achieving growth and innovation. Disruptive competitors are entering the market at an increasing pace. The emergence of digitally enabled business models is forcing finance to become ever more agile and proactive.
As a result, finance is being asked to drive strategy in a whole new different way – providing real time insight and proactive advice on investments, mergers and acquisitions, and on business model transformation.
In addition, finance is asked to support the process of digital transformation across the enterprise. And the sum of these changes has the potential to impact the entire financial value chain: from how we bill, collect, report, and pay taxes, to how we plan for and control the business is going digital and real time.
Enterprises have realized that finance transformation will help drive innovation and manage this volatility.
The path forward
So what is the path forward? How do organizations proceed to reimagine and transform finance?
4 different perspectives:
Strategy: How can organizations easily architect new business models?
Business Performance: How can teams deliver instant insight into the hands of the business?
Risk and Compliance: How can enterprise provide continuous insight into risks, controls and performance?
Efficiency: How can the finance function achieve the vision of automated "Lights-out“ finance processes for routine tasks
Lead finance transformation with SAP S/4HANA
Next gen Architecture
Robust and scalable
Elimination of aggregates
Simplification of master data
Unification of tables
New User Paradigms
Insight to action
Decision support and prediction
Cloud Value Proposition
Built for scalability
Time to value and time to market
Simplification of consumption
Agility and speed of innovation
SAP S/4HANA for Finaince
End-to-End Integrated Platform
Seamlessly run across cloud solutions to tie finance processes to other departments such as operations, including procurement, sales, and HR
Drive efficiency and automation and reduce operational costs through capital and resource optimization while increasing service levels
Real-time foundation enables enterprise scale digital transformation
Increase productivity through a digital age user experience and intelligent processes
Enable real-time decision making for your business with predictive analytics
Drive forecasts and achieve faster, more accurate while managing risk and ensuring compliance
Leverage flexibility and openness of SAP Cloud Platform (PaaS) to build new, secure applications using SAP S/4HANA Cloud SDK
Easily and quickly integrate with SAP applications and 3rd party solutions
Build a scalable cloud ecosystem to support new digital business models and agile growth
SAP S/4HANA is the digital core that allows customers to scale their digital transformations across the entire enterprise.
SAP S/4HANA offers a robust, end to end finance solution on a digital platform. SAP has been updating the solution with new capabilities – up to 30% each time – every single quarter. If there a capability you need, chances are it’s on our roadmap and coming soon.
Experience Digital Transformation with Approyo The opportunity exists to transform business processes and achieve the digital transformation of your business with more automation and real-time visibility. Our SAP S/4HANA, SAP HANA and Cloud solutions address these important needs and more. Let us show you today! Set up a free consultation.
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