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Bramasol Financial Transformation Team

Recent Posts

Hot-Tip: Cloud Analytics and S/4HANA are Driving Financial Transformation

Posted by Bramasol Financial Transformation Team on Fri, Oct 13, 2017 @ 07:16 AM

FinancialTransformation-HotTip.jpgFinancial Transformation is happening now, driven by new cloud-based technologies that bring together analytics, transactional data and best-of-breed applications within a unified Digital Core.

Most conventional finance management technologies have been in existence for decades and, while they may offer a familiar environment, the lack of unified solutions create significant limitations when it comes to keeping pace with today’s complex and dynamically changing corporate challenges.

Some of the chronic problems that arise from these limitations include:

  • Inefficient separation of analytical capabilities and transaction data
  • Inability to accurately aggregate disparate data for decision-making
  • Lack of support to business transformation initiatives
  • Dependence on IT staff for creating specialized and ad hoc reports
  • Loss of productivity due to users juggling multiple systems and data sources

Because of these issues, most companies are forced to spend an inordinate amount of time coping with mundane but necessary challenges such as “keeping the lights on” and juggling data sources just to keep their head above water. Industry surveys indicate that 72 percent of time is spent on such problems.

Companies that have proactively begun Financial Transformation programs are already experiencing important benefits including:

  • Ability to adopt Best Practices 
  • Real-time and predictive analytics
  • Faster closing processes
  • Improved support for compliance requirements
  • Enhanced productivity through “native” workflow integration

The newest eBook from Bramasol shows how the SAP Digital Core overcomes the challenges of outdated legacy systems by combining transactional data, cloud-based analytics capabilities and integrated best-of-breed applications within a seamless ecosystem that optimizes productivity, ease-of-use and extensibility.

This eBook also includes a step-by-step use-case example showing the seamless interaction of SAP Cloud Analytics and SAP S/4HANA Cloud ERP operational functionality. This example simulates an Oil & Gas industry situation with a revenue discrepancy and illustrates the flow between analytics and operational processes.

Click Here to Download eBook: "Leveraging Cloud-based Analytics, User-Definable Dashboards and S/4HANA Cloud for Financial Transformation".

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Topics: analytics, financial transformation

New eBook: Advanced Analytics, Dashboards and S/4HANA Cloud for Financial Transformation

Posted by Bramasol Financial Transformation Team on Sat, Sep 30, 2017 @ 07:11 AM

Integrating Key Functions Drives Insight-to-Action

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As part of our ongoing series on Financial Transformation, this eBook provides an in-depth look at how advanced cloud-based applications and the Digital Core can be leveraged to conduct real-time and predictive analytics that drive more accurate results and higher productivity.

"Leveraging Cloud-based Analytics, User-Definable Dashboards and S/4HANA Cloud for Financial Transformation"

In addition to an overview of Financial Transformation goals, opportunities and enabling technologies, this eBook also provides a step-by-step use-case example of how SAP Analytics and S/4HANA Cloud can be integrated to quickly identify and resolve operational issues.

Click Here to Download the ebook

 

For more on this important topic, view our recent Financial Transformation Webinars

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Topics: financial transformation

Webinar Video: Financial Transformation Accelerates Expense Management

Posted by Bramasol Financial Transformation Team on Fri, Sep 22, 2017 @ 11:27 AM

The video of the latest webinar in our series on Financial Transformation is now available for viewing.

"How Financial Transformation Accelerates Expense Management"
Recorded on September 21, 2017

In this webinar video, we address the key benefits of Financial Transformation, which include:

  • Single-source-of-truth for predictive and real-time decision-making
  • Repeatable & sustainable processes to accelerate closing (monthly, quarterly & annual)
  • Improved responsiveness to new regulatory and compliance requirements
  • Integration of best-fit applications for key functions (HR, expenses, supply chain, etc.)

Included in this webinar is a hands-on demonstration of how the Digital Core and SAP S/4HANA Cloud can be integrated specifically with SuccessFactors Human Capital Management (HCM) and Concur expense management functions.

Click Here to View all Videos in the Bramasol Financial Transformation Webinar Series.

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Topics: leasing

Webinar Video on Financial Transformation with S/4HANA and Cloud Analytics

Posted by Bramasol Financial Transformation Team on Fri, Aug 25, 2017 @ 09:16 AM

The video of the latest issue in our highly successful webinar series for finance professionals is now available for viewing online.

Recorded on August 22, 2017, this webinar focused on Financial Transformation with S/4HANA Cloud ERP & Cloud Analytics

In the video, we present an overview of how S/4HANA Cloud ERP and Analytics provide the building blocks for fueling Financial Transformation. In addition to discussing the S/4HANA enabled Digital Core, we also drill-down with specific examples of how SAP Cloud Analytics can identify and help resolve operational issues in S/4HANA Cloud.

Click here to access this and other videos from the Bramasol webinar series.

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Topics: financial transformation, S/4 HANA Cloud

New eBook: Configuring Optimal User Interfaces with Fiori and S/4HANA Cloud Digital Core

Posted by Bramasol Financial Transformation Team on Tue, Jul 25, 2017 @ 10:02 AM

Many forward-looking companies, led by innovative CFOs and IT departments are already proactively undertaking projects aimed at fundamental Financial Transformation.

The key technology trends that are enabling transformation include:

  • New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug-in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain management, and more.
  • A “single version of the truth” approach that avoids discussions of who’s data is right, thereby enabling much faster and better tactical decision-making.
  • Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seamlessly with in-house implementations to enable cost optimization along with flexibility and scalability to support growth.
  • Advanced real-time analytics and user interface (UX) technologies that can access information throughout the unified systems and provide easily tailored comprehensive reporting for ongoing management or ad hoc decisions.

The last item above is the topic of the new eBook, "Configuring User Interfaces for Financial Operations with Fiori and S/4HANA Cloud"

Bramasol is a co-innovation leader in the implementation of the SAP S/4HANA Cloud, which provides a high-performance, in-memory, and extensible Digital Core for implementing the above initiatives and integrating a wide range of best-of-breed functionality. Deployable in the cloud or on-premise, SAP S/4HANA can drive instant value across all lines of business – no matter the industry or business size.

S/4HANA Cloud consists of a modular set of best-of-breed Editions, which provide a flexible, extensible ERP platform that can scale and expand to meet changing business needs. New capabilities and users can be added as you need them, quickly and easily.

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Through SAP FIORI 2.0 and embedded analytics, Bramasol helps our customers release the intelligence and data within the system to serve corporate users in a meaningful way that drives productivity and smarter decision-making.

Bringing these technology opportunities to bear on the current and future challenges facing CFOs and their staff requires both an understanding of what the technologies offer and how they can apply to each company’s unique needs both today and over the long run. Bramasol’s Value-Added Services for S/4HANA and the Digital Core.

Fill out the form below to download the new eBook, "Configuring User Interfaces for Financial Operations with Fiori and S/4HANA Cloud"

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Topics: S/4 HANA Cloud

New eBook: CFO's Guide to Financial Transformation

Posted by Bramasol Financial Transformation Team on Wed, May 31, 2017 @ 02:15 PM

Bramasol-eBook---CFOs-Guide-to-Financial-Transformation_thumbnail.jpgCorporate finance professionals face many challenges. They need to reduce the amount of time spent on inefficient month-end/year-end closing processes, improve their ability to extract timely and accurate financial information and streamline overall operational end-to-end business processes.

On the regulatory front, CFOs also must deal with, Revenue Recognition Changes (ASC 606 and IFRS 15), Lease Accounting Changes (ASC 842 & IFRS 16), Financial Instruments Impairments & Disclosures (IFRS 9) as well as on-going changes in the global regulatory environment.

The accelerating set of new challenges and changing compliance requirements threatens to overwhelm the inherent limitations of existing legacy finance and ERP systems.

As companies undertake Financial Transformation to improve their ability to be nimble, react quickly and take advantage of market trends, several key things are emerging: 

  • Drive to continuous close
  • Consolidation of data source for reporting
  • Improved visibility for compliance with new standards for Revenue Recognition, Leasing and Financial Impairments
  • Real-time cash management

Some of the key Financial Transformation opportunity areas include:

  • New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug-in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain management, and more.
  • A “single version of the truth” approach that avoids discussions of who’s data is right, thereby enabling much faster and better tactical decision-making.
  • Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seamlessly with in-house implementations to enable cost optimization along with flexibility and scalability to support growth.
  • Advanced real time analytics and user interface (UX) technologies that can access information throughout the unified systems and provide easily tailored comprehensive reporting for ongoing management or ad hoc decisions. 

This new eBook, "The CFO's Guide to Financial Transformation" offers a deep dive into these challenges and opportunities along with a detailed discussion of the key actions that CFOs can take to effectively plan and implement company-wide financial transformation.

Fill out the form below to read the ebook now.

 

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Topics: financial transformation