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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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Celebrate AP Recognition Week by Learning How Concur and S/4HANA can Streamline Expense Management

Tue, Oct 9, 2018 @ 09:40 AM / by Bramasol Financial Transformation Team posted in S/4HANA, FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTipThe Institute of Financial Operations sets aside a week every year to celebrate the dedication, drive, and accomplishments of Accounts Payable staff as key financial operations professionals.

AP-recognition-week

As you celebrate, why not take a little time to prepare for the future of AP and expense management by learning more about how the combination of SAP Concur with S/4HANA and other best-of-breed apps can transform and streamline your AP operations.

Control your finances with end-to-end, automated data synchronization between SAP Concur and your SAP
business applications on SAP ERP and SAP S/4HANA. Integrating the world’s most powerful spend
management tool with your SAP business applications means you can more effortlessly and accurately manage expenses to get a complete view of your finances in one place. SAP Concur automates and connects the entire spending process—from pre-spend approval to reconciliation, reporting and analytics—right into your SAP systems.

SAP Concur is a key element within the overall intelligent SAP Digital Core that forms the heart of business optimization going forward. 

As a leader in helping companies with their overall Finance Transformation initiatives, Bramasol has been developing a range of specific entry-point methodologies, such as expense optimization with Concur, that can provide "on-ramps" to S/4HANA without taking on too much in the beginning.  By integrating with SAP Analytics Cloud and other best-of-breed applications, companies are able to streamline this key operational area while also laying the foundation for broader transformation opportunities.

 

SAPIntelligentDigitalCore

To help you get the complete picture and lay out a road-map forward, we're offering these two important ebooks in one download.

  • Native Integration of Expense Management with S/4HANA, Concur and SuccessFactors
  • Integrate best-in-class SAP Applications with SAP Concur Expense Professional

 Two eBooks on Concur, S/4HANA and Integration of Expense Management Download Here

 

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Changing Roles and Responsibilities for the Office of the CFO

Wed, Sep 26, 2018 @ 06:08 AM / by David Fellers posted in CEO perspective, S/4HANA

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As companies grapple with accelerating changes across most global markets, they face critical challenges for staying ahead of competitors, sustaining growth, maximizing profitability, complying with regulatory requirements and establishing organizational agility to respond quickly to the unexpected.

In the face of these important forces, the Office of the CFO is evolving beyond a traditional focus on accounting, controlling and reporting and is now taking on a much broader scope within most organizations. 

CFOresponsibilities

In addition to the traditional short-term, quarter-to-quarter pressures of closing and reporting financial information, CFOs are increasingly responsible for strategically important existential issues and business innovation programs.

Some of the Key forces driving change for CFOs:

  • Compliance with regulatory mandates
  • Unification of data sources and legacy data
  • Asset management, utilization and financing
  • Machine Learning
  • Cybersecurity and privacy issues
  • Movement to Cloud Solutions

Let’s take a brief look at each of these forces.

Compliance Requirements – New Mandates and Reassessment of Existing Regulations

Recent and impending regulatory changes to Revenue Recognition (ASC 606 and IFRS 15), Lease Accounting (ASC 842 and IFRS), General Data Protection Regulation (GDPR) and others are forcing companies to undertake significant changes to their accounting and reporting processes.  In addition, each of these major changes to accounting processes also will generate reassessment of Internal Control over Financial Reporting (ICFR) procedures and Sarbanes Oxley (SOX) compliance.

Beyond the accounting issues, these waves of regulatory change are also having major impact on overall business performance and investor relations, such as the income statement impacts of RevRec and the balance sheet impacts of Lease Accounting changes.  CFOs need to help guide their companies through these issues to assure compliance while mitigating or avoiding any negative business impacts.

Unification of Data within a Single-source-of-Truth

One of the most important challenges that companies must overcome to effectively compete in today’s fast-moving environment is the ability to make better and faster decisions.  In this effort, data is our friend, but it doesn’t always seem like it.  For most companies, the explosion of big data is happening across a diverse landscape of disconnected legacy data structures that are not conducive to fast or easy decision-making.  All too often, participants in the decision-making process are operating on separate sources of information that must be reconciled before they can even understand the issues that they’re trying to address.

Here again, CFOs are at the center of the financial transformation process that is vital for solving these “disagreeable data” issues.  By proactively moving to advanced platforms such as SAP’s S/4HANA that can bring together all data and transactional operations within a unified and highly scalable environment, CFOs can provide a “single-source-of-truth” to streamline the decision process and use data to bring people together rather than keeping them apart.

Asset Management, Utilization and Financing

Accounting organizations have always been responsible for the numbers related to corporate assets but in too many cases the actual acquisition and management processes for many leased and purchased assets take place in widely dispersed and often autonomous organizational units.  This has made it difficult to get a clear picture of asset deployment and utilization processes throughout the company.

In this case, one of the big regulatory changes around lease accounting (ASC 842 and IFRS 16) can have a positive and transformative effect on overall asset management processes.  Compliance with these changes requires companies to get a better handle on their assets inventory and conduct appropriate assessments for financial reporting.  A major side benefit of implementing ASC 842 & IFRS 16 will be the unification of information on assets within a single end-to-end process that not only meets the accounting mandates but gives decision-makers and line managers at all levels a shared view and standardized criteria for asset acquisition, financing, utilization and lifecycle management.

Machine Learning

This is an exciting arena that is destined to impact companies across a wide range of functions, including within the accounting group and beyond.  Machine learning uses statistical techniques to give computer systems the ability to “learn” and to automatically improve performance based on data.

Within the CFO’s domain, machine learning can significantly improve productivity and processing speed in transactional areas such as procurement, order-to-payment, cash management, etc.  By leveraging a unified data-and-transactional environment such as S/4HANA along with integrated analytics, new initiatives in machine learning can automate many of these repetitive processes and free up staff to more effectively manage the bigger picture.  In addition, machine learning is destined to transform many front-line processes in operations and even sales – so CFOs can act as a vanguard and guide for helping optimize these machine learning initiatives throughout the organization.

Cybersecurity and Privacy Issues

Everyone knows that cybersecurity is a major risk area that all companies need to continuously address. In addition, heightened focus on privacy issues such as GDPR in Europe along with similar initiatives in the US and around the world are spurring companies to improve controls over their collection and usage of other people’s data. 

Because of these external driving forces from the compliance side, in many companies the primary responsibility for privacy and security is shifting more toward the CFO rather than being handled solely within the IT department. While the implementation responsibilities and duty to safeguard information will continue to be shared across many functional areas, the overall mandates for cybersecurity and privacy compliance are most often landing in the laps of CFOs.

Movement to Cloud Solutions

This last area of change for CFOs is perhaps the most wide-ranging and is interrelated with all the issues discussed above.  Moving applications to the cloud enables companies to gain many benefits, such as lower infrastructure and capital expenditure costs, improved scalability, increased collaboration between users, consistent user interfaces, shared data structures, and easier upgrades.

Most companies have been moving toward the cloud already but in many cases it has been a piecemeal process of using targeted Software-as-a-Service (SaaS) applications for specific functions, such as CRM, marketing automation, sales support, etc.  Many enterprises are already running parts of SAP in the cloud as well with solutions such as SuccessFactors for human resources and Ariba for procurement.

CFOwordcloud2What is needed going forward is a more comprehensive approach to cloud migration that addresses the strategic issues relating to cloud solutions.  Here again, CFOs need to take the lead on defining the overall goals and laying out the roadmaps for implementation. 

With S/4HANA’s unifying approach and options for either on-premise or cloud deployments, CFOs have an excellent opportunity to chart a course for their companies that includes both near-term incremental opportunities and an overall vision for cloud across the organization.

The bottom line for CFOs is the need to step up and lead their organizations in all the six areas discussed above and to provide the enterprise-wide perspective to pull all these transformational pieces together. 

At Bramasol, we only have one question for you: “How can we help you get there?”

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

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New S/4HANA version 1809 Released to General Availability

Tue, Sep 25, 2018 @ 12:56 AM / by Bramasol Financial Transformation Team posted in S/4HANA, FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTipToday marks a key milestone in the evolution of S/4HANA with the release to general availability of SAP S/4HANA 1809.  As a co-innovation partner with SAP, Bramasol is pleased to offer our help and expertise on mapping out and fulfilling your journey to SAP S/4HANA.

S/4HANA embodies these four characteristics that are the basis for a digital core:

  1. An architecture that delivers a scalable foundation to transact at highest possible automation
  2. A system that supports and steers the business using real-time embedded analytics, simulation, prediction, and decision support to run live business
  3. An end-to-end experience that allows to be faster implemented, consumed, and adapted
  4. An open architecture to allow connectedness and adoption of micro-services

S/4HANA 1809 continues to build out these three ingredients to make the digital core intelligent:

  1. A digital age UX, or more precisely a conversational user interface and natural language interaction which allow us to target a hands-free ERP by 2020
  2. Automation of business processes: We strive for an automation of 50 % of all ERP business processes within the next three years. This automation mainly addresses companies´ bottom lines and helps saving costs.
  3. The next generation of business processes: While providing a streamlined architecture and technology that did not exist before, we want to target the top line increase by providing the infrastructure to completely rethink value creation and service tasks.

S4HANA_IntelligentSuite

 

Watch this brief video to learn more.

Read the full blog post from SAP here.

To learn more about S/4HANA, read the latest eBook from Bramasol.

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

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SAP S/4HANA Strategies for Success - One-Day Summit, Oct 25, Orange County, CA

Tue, Sep 11, 2018 @ 06:53 AM / by Bramasol Financial Transformation Team posted in S/4HANA

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Bramasol is proud to co-sponsor this important one-day summit on Strategies for Success with S/4HANA.

Your SAP S/4HANA Journey: Strategies for Success 
One-Day Summit, October 25, 2018, Orange County, CA

You have heard how SAP S/4HANA® can empower your organization to run live — and connect all parts of your business to break free from the business boundaries and technology limitations of the past. In this 1-day leadership summit, go one level deeper, and learn how to concretely adopt SAP S/4HANA to achieve higher business success and competitive advantage.

 

YourSAP-S4-Journey

 

Hear from industry thought leaders and subject matter experts from Bramasol and SAP to:

  • Understand what it means to be a digital business and how Intelligent ERP can empower your transformation
  • Examine how to accomplish the critical steps — from defining your business use cases to blueprinting your desired processes and outcomes — that pave the path to successful SAP S/4HANA adoption
  • Break into groups with your peers and implementation experts for interactive discussions on how to set a path to concretely adopt SAP S/4HANA, and the implications and benefits that SAP S/4HANA has for lines of business and IT teams
  • Hear directly from an SAP S/4HANA early adopter on how the company planned for and implemented SAP S/4HANA, the challenges they faced, and the business outcomes

Admission is FREE for select customers and seating is limited.   ApplytoAttend

 

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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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