Transform Finance with SAP solutions and Approyo

Enterprises today are increasingly experiencing a new normal of volatility that is fundamentally changing how they engage with their investors, customers, suppliers, regulators, and employees. This volatility is driven not only by traditional areas of currency exchange risk and commodity prices but also by macroeconomic volatility and rapidly changing consumer and employee preferences. Additionally, tax policy volatility and complex regulatory requirements are challenging finance to capture, analyze and provide deeper and more relevant real-time information.

The role of finance itself is evolving towards active engagement with business partners, simplifying and automating processes, enabling new questions to be asked that were never possible and delivering new insights during the decision-making process. Leading finance organizations are driving digital transformation and fundamentally changing the way they bill, collect, report, and pay taxes, and how they plan for and manage a constantly changing business. Finance’s role is expanding as it leans into innovation to creatively adapt to change, manage volatility, and to find new opportunities to create value.

SAP S/4HANA is the finance innovation platform that enables today’s digital business by bringing business processes and analytics together into a single, smooth, digital motion. It provides the foundation for continuous innovation by allowing customers to benefit from newest SAP Leonardo innovations as they emerge along with the ability to leverage extended finance for procurement, workforce management, travel & expense management, etc. The time to innovate and transform is now and SAP supports a live business for all roles of the office of the CFO.

SAP S/4HANA for central finance foundation
Provides a non-disruptive path to adopt SAP’s latest finance simplifications and innovations for customers with heterogeneous landscapes, out-of-maintenance, and/or highly customized SAP systems. It provides a unified financial and management platform to centralize process execution, planning, and reporting based on the same (single source of the truth) data. Benefits include advanced reporting at the segment, entity, or grouplevel; business-modelagnostic rollups for reorganizations and M&A modeling; scalable local and central process execution (complementing process execution in source ERPs); and a starting point for finance shared services across business units.

Transformation platform for the digital enterprise
Create an advanced digital data architecture (universal journal), a platform to include future innovations, asingle source of the truth for both transactions and analytics, and a digital core to include integration for workforce, network, customers, and new innovations enabled by SAP Leonardo, SAP Ariba, SAP Concur, SAP SuccessFactors, and SAP Fieldglass solutions.

Rapid value creation with minimal disruption
Massive simplification and optimization within SAP S/4HANA can be deployed with minimal business disruption to accelerate business value and capture and eliminate the need for overly complex processes. Additional value can be achieved by deploying solutions and templates within SAP Activate methodology, standardizing master data using the SAP Master Data Governance application, and focusing effort on the reduction or elimination of legacy custom code.

Read the full blog post on www.approyo.com 

Ask Approyo: How can SAP S/4HANA impact the Financial Industry?

The finance processes and technology platforms that have been utilized in the last 20 years are simply not agile enough for the digital economy. In the current connected world, new business models are limited by disconnected processes and legacy technologies, and enterprises can no longer wait until the end of the month to see results, or for the annual budget cycle to make investment decisions. Finance is at the heart of the digital business. Becoming digital enables finance organizations to reimagine the ways they achieve their CFOs’ key priorities; improving efficiency and ensuring compliance, driving business performance, and defining new corporate strategies. With SAP S/4HANA, this  can drive the ability to:

Reimagine Strategy

Companies require a platform that is open and adaptable, that enables real-time evaluation and analysis of new business models through dynamic planning and forecasting, accelerates integration of mergers and acquisitions, and also provides enterprise-level risk awareness and active management.

Reimagine Business Performance

As cycle times diminish and volatility increases, instant insight and decisions at the speed of thought become even more critical for senior executives and front-line workers alike. Every employee can become a profit manager utilizing a single version of the truth, available live and at the most granular level, with drill- downs by any dimension for instant plan-actual variance analysis, and prediction and simulation on the fly.

Reimagine Efficiency and Compliance

With radical automation, regulation, and embedded compliance, the time has come for “lights-out” finance. Business networks, coupled with faster deployment models in the cloud, allow for dramatic leaps forward in process automation. The rewards are more agile organizations, operational cost reductions of 40% or more, and, most importantly, access to information for timely decision-making to drive business outcomes. With core compliance automated, focus turns to protecting the brand. Enterprise risk topics become a focus while business networks provide visibility into supplier and credit risk.

Try SAP S/4HANA today! 

The opportunity exists to transform business processes and achieve the digital transformation of your business with more automation, real-time visibility, and better alignment to your end customer by delivering products tailored to their specific requirements. Our SAP HANA and Big Data solutions address these important these needs and more. Let us show you today! Set up a free consultation.

Are you going to SAP SAPPHIRE NOW 2017?

Visit us along with our partners, PCM, CoreALM and Abreon on the show floor at Booth #1027. And stop by our exclusive  SAP SAPPHIRE NOW 2017 After Party at the Icebar Orlando on Tuesday, May 16. RSVP today....