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eBook - S/4HANA is the Future: Understanding Why and How to Get There

Fri, Oct 12, 2018 @ 07:46 AM / by Bramasol Financial Transformation Team posted in S/4HANA, CFO, financial transformation, Financial Innovation

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This eBook provides a brief overview how S/4HANA represents the future for companies currently using SAP platforms, as well as many other companies looking for a sustainable path to finance innovation.  It also lays out some of the key considerations in developing a roadmap to implement and get the best results from S/4HANA.

S4HANA is the FutureThe focus of this piece is to provide a roadmap for planning and carrying out implementation of SAP S/4HANA and Digital Core environment, with an emphasis on the Why, How, and Key Steps for Success.

If you ever had a question, Why Financial Transformation? This is the must read eBook meant for you, As most conventional finance management technologies have been in existence for decades and, while they 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. 

This eBook addresses nearly all of your S/4HANA related questions starting from what really is S/4HANA, Key benefits of the S/4HANA architecture vs. Legacy Systems, How it can transform the Enterprise Finance Landscape and a roadmap for S/4HANA success.

Here is the quick  Index of the this value eBook;S4HANA eBook Content-1

Instead of always grappling with reassembling disparate pieces of the picture this enables CFOs and staff throughout the company to see a holistic real-time view that encompasses all operational data sets and analysis capabilities within a single unified architecture.

In addition to improving both the access to and the ability to manipulate information, S/4HANA also dramatically improves real-time analytics performance because nothing must be moved, massaged or reconciled before the analysis.

Download our eBook to learn more

S/4HANA’s data compression and immediate accessibility capabilities have enabled a single source of truth and shared decision-making environment for everyone, the financial transformation approach radically changes how people interact and collaborate to solve problems and improve performance.

Download our eBook Now

You may also be interested in our recent Thought Leadership blog-The Financial Transformation Maze – Developing A Roadmap To Help CFOs

New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now

 

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The Financial Transformation Maze – Developing A Roadmap To Help CFOs

Tue, Sep 18, 2018 @ 09:11 AM / by Trevor Lovegrove posted in S4HANA, s4/hana cloud, Financial Innovation, financial transformation, CFO

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By 2020, corporate finance professionals are going to have some pretty big challenges on their hands. Compliance requirements are changing, and the inherent limitations of existing legacy finance and ERP systems are going to be at threat.

There’s a maze of complexity that’s becoming ever harder to navigate, but your competitors are finding smart ways to get through it.

And that’s a problem for CFOs who need to get up to speed on new-generation systems and best practices for business transformation. Doing nothing isn’t an option. You need to start moving – and fast.

The financial transformation maze – developing a map to help CFOs

1-CFOCommon challenges for CFOs

There are a couple of main challenges I see CFOs having to get their heads around in the next couple of years:

  • It takes too long to reconcile, analyze and report on financial data.
  • The accuracy and consolidation of financial data difficult and time-consuming to achieve.

 

In other words,

  • You’re grinding your gears just to pull together the basic financial data needed for month-end & year-end close processes.
  • You’re wasting time reconciling reports because of conflicting data sets.
  • You’re stuck when you need quick ad-hoc and agile reporting to support operational decision-making.
  • Your current data infrastructure makes it almost impossible to predict business performance.

 None of this is satisfactory. And that’s not the end of it.

2-compliance

Compliance and regulatory changes

On top of the challenges of getting timely, accurate data, you have to think about looming compliance changes, such as:

  • Revenue Recognition Changes (ASC 606 and IFRS 15) 
  • Lease Accounting Changes (ASC 842 & IFRS 16) 
  • Financial Instruments Impairments & Disclosures (IFRS 9) 

 

While you wrestle with all this, you have to keep your business imperative in mind: to provide the strategic and tactical thinking that supports growth while keeping your competitors from edging you out.

Before you give up in desperation, don’t lose sight of what financial transformation can help you achieve: better client engagement, increased service profitability and lower costs, and streamlined processes.

These are things all ambitious CFOs want to deliver for their organizations. But you need a plan.

3-action-plan

Developing a plan of action for financial transformation

Getting out of this maze of transformation isn’t quick or easy – but the map is at least simple in construction.

Here are my suggested steps:

 

  1. Think about your starting point – take stock of your current capabilities. What are the pain points holding you back?
  2. Plot the roadmap – work out which platform or solution can help you make progress, and assess the funding needed.
  3. Start moving – proceed to implementation now. It can take 2–3 years for a financial transformation plan to march to completion.
  4. Monitor, manage and adjust course continually - A well-planned implementation should yield incremental benefits throughout the process.

Download Bramasol's newest eBook to learn more.

4-plot

How to plot the roadmap

You’ve already been feeling the pain of not having accurate and timely data. Now you want to draw up your plans to sort it out. What to do?

Good news: there’s a growing set of tech solutions that will help you keep on top of regulatory requirements while also cracking the chronic pains of dealing with inconsistent data.

Here’s what to look for:

  • Real-time and predictive analytics – engage with your customers and optimize cashflows.
  • Combined core ERP and finance systems – use a modular approach to provide best-of-breed capabilities in multiple streams.
  • In-memory consolidation of data and transactions – dump the islands of disparate data and make month-end and year-end closing easier.
  • ‘Single version of the truth’ – end the era of letting opinions overrule data. Get data that everyone can agree on to help you speed up and improve the way tactics are decided.
  • Intuitive user interface – access your data through unified systems (including mobile) that are built to support regular reporting but that also cater for ongoing management and ad-hoc decision-making.
  • Cloud-based implementation – reduce time-to-operation, keep costs down and scale easily.

You could spend a long time researching financial transformation solutions and tie yourself up in knots working out what’s right for your organization - or you can work with a partner that knows the landscape.


Many of those solutions tackle some of the above issues to a greater or lesser extent. But do you and your staff really have the time to research multiple pieces to the puzzle and to assembly them for your specific needs? So, what’s right for you?

S/4HANA – a trusted route through the financial transformation maze

At Bramasol, we collaborate with busy CFOs at companies with revenues in nine figures (hundreds of millions) or above.

We’ve found that they want a reliable partner that looks to simplify processes and supports them throughout the financial maze described above. We give our clients simple real-time and embedded analytics, all built on the cloud and with intuitive interfaces that support the modern mobile user.

This is where the Digital Core embodied by S/4HANA comes in – it addresses all of the above needs and more besides. And we think it’s the best roadmap available for today’s forward-thinking CFO.

Many clients have trusted us to help them overcome their financial transformation challenges.

Download Bramasol's newest eBook to learn more.

 

New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now

 

 

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Bramasol Welcomes New CFO, Mina Farahmand

Tue, Aug 27, 2013 @ 12:02 PM / by David Fellers posted in CFO, Bramasol, Mina Farahmand, global, financial

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Mina FarahmandI am pleased to announce and introduce you to our new CFO, Mina Farahmand.

Mina brings over twenty-five years of corporate financial management and global development exposure to complement the executive team. She has served in leadership positions for several high-tech companies, including chief financial officer for Xeralux, Inc., and international chief financial officer for Ultratech, Inc. Additionally, she has held management positions at AMD, Infineon Technologies and Deloitte. Mina is replacing Jonathan Bell, who has been with Bramasol since early 2001 and is leaving for personal obligations.

You can learn more about Mina in today's press release and on our website.



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Blog Spotlight: "CFOs Don't Know about Upcoming Revenue Recognition Standards"

Tue, Jun 25, 2013 @ 09:10 AM / by Jennifer Cook posted in CFO, revenue recognition

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revenue recognition

A survey conducted by Grant Thorton in April of this year revealed some startling news about our nation's CFOs: they're unaware of some serious changes coming in the next few years.

As the article, written by Michael Cohn of "Accounting Today", stated, "Even though revenue recognition is a priority convergence project that the two boards have been working on and discussing endlessly for the past five years, the survey found that 54 percent of the CFOs polled were unaware of the long-awaited revenue recognition standards, according to the survey. The awareness dropped even further with the size of the company. For companies with less than $100 million in annual revenue, only 38 percent of the CFOs surveyed were aware of the changes in the works."

Click here to read the survey for yourself:

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New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download the eBook: Transitioning to ASC 842 using the Portfolio Approach to Group Leases

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