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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Mon, May 13, 2024 @ 08:38 AM / by David Fellers posted in revrec, CEO perspective, Thought Leadership, Accounting Advisory Services, SAP GROW

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews.

For any public company, the goal of successfully complying with periodic financial reviews by external auditors cannot be overstated. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity. 

This post provides a deeper look into the organizations that are overseeing your auditors and provides key insights into how your financial, compliance and reporting processes need to be robust enough to satisfy these "audit the auditors" reviews. 

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How SAP's Sustainability Solutions Align with the Changing ESG Landscape

Tue, Apr 16, 2024 @ 05:59 AM / by David Fellers posted in CEO perspective, Thought Leadership, carbon accounting, ESG

With the 54th anniversary of Earth Day on April 22, 2024, now is a good opportunity to review the progress of corporate Environmental, Social, and Governance (ESG) initiatives with an eye toward the future and a review of available tools for monitoring, managing and reporting ESG information. 

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Mon, Apr 15, 2024 @ 01:14 PM / by David Fellers posted in CEO perspective, Thought Leadership, AI

Previously in this series, we have explored the big picture regarding How Generative AI is Impacting the Digital Solutions Economy. In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC2), along with a look at how new SAP AI initiatives are key to this transformation.

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New Recurring Revenue Solutions in the Global Semiconductor Industry

Wed, Mar 20, 2024 @ 01:03 PM / by David Fellers posted in CEO perspective, Thought Leadership, Order to cash, semiconductors, recurring revenue

In recent years, the semiconductor industry has experienced a roller coaster ride of widely swinging changes in both challenges and opportunities. During the pandemic, the mass movement to work-from-home scenarios and heavy reliance on networked applications drove demand up at the same time that global supply chains were severely disrupted. Then, in the past two years, the meteoric rise of artificial intelligence with generative-AI applications popping up seemingly everywhere has been driving another peak in demand for chip makers.

In addition, geopolitical concerns about semiconductor IP and manufacturing are also significantly influencing decisions on where semiconductor foundries and assembly facilities should be located and whether advanced chip designs should be banned from export to certain countries.

According to the Semiconductor Industry Association (SIA), the industry will see a 13% sales rise in 2024, after declining 8.2% in 2023, while Gartner, Inc. forecasts that global semiconductor revenue will grow 16.8% in 2024 to total $624 billion.  International Data Corporation (IDC) also upgraded its Semiconductor Market Outlook, calling for a return to growth, with a 20.2% increase to $633 billion in 2024.

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How SAP ERP Clean Core Helps Minimize Digital Debt and Enhance Agility

Thu, Mar 7, 2024 @ 03:18 PM / by David Fellers posted in s4/hana cloud, CEO perspective, Thought Leadership, RISE with SAP, clean core

Recent posts in this series have provided updates on SAP RISE and GROW, with a focus on how they can help streamline the path for companies migrating to SAP public and private cloud editions.  This new episode drills down into the concept of maintaining a "clean core" in your ERP system to assure a solid foundation that minimizes unnecessary customization, which could impede organizational agility going forward.

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SAP Delivers Scalability and Flexibility for Quote-to-Cash to Compliance in the Telecom Industry

Sat, Feb 10, 2024 @ 12:49 PM / by David Fellers posted in SAP RAR, CEO perspective, S/4HANA, Thought Leadership, SAP BRIM, DSE-industry, SAP GROW

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.

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Optimizing Order-to-Cash-to-Compliance for SaaS Offerings

Thu, Jan 18, 2024 @ 08:50 AM / by David Fellers posted in SAP RAR, CEO perspective, Thought Leadership, Order to cash, Sales Order Management, EBRR

Previously in this blog series, we have discussed the impacts of the Digital Solutions Economy™ (DSE) on the software and SaaS sector. This new post provides a deeper dive into the key issues involved with optimizing end-to-end Order-to-Cash (OTC) and revenue recognition compliance for SaaS offerings.

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Change Management is Key to Digital Transformation Success

Tue, Jan 2, 2024 @ 02:21 PM / by David Fellers posted in S/4 HANA Cloud, S4HANA, CEO perspective, Thought Leadership, change management

In today's fast-paced business environment, digital transformation has become a necessity rather than a luxury. Organizations are constantly seeking ways to evolve and stay competitive in the digital age.

However, implementing digital transformation projects is not as simple as adopting new technology. It involves a complex process of redefining workflows, business models, and employee roles. This is where change management plays a crucial role. In this blog post, we will delve into what change management is, explore its key aspects, and discuss how it provides benefits for digital transformation projects.

What is Change Management?

Change management has been around a long time as a structured approach to transitioning individuals, teams, and organizations from their current state to a desired future state. It involves planning, implementing, and monitoring changes systematically, aiming to minimize resistance and maximize the benefits of change. In the context of digital transformation, change management focuses on guiding people through the shifts required by technology adoption and process reengineering.

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Four Key Technology Trends to Watch in 2024

Thu, Dec 14, 2023 @ 04:47 PM / by David Fellers posted in S/4 HANA Cloud, CEO perspective, Thought Leadership, AI, carbon accounting

As we come to the end of another year, this is a good opportunity to look ahead at the key trends to watch during 2024.

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Six Key Factors for Building an Expert Professional Services Company

Mon, Nov 13, 2023 @ 05:28 AM / by David Fellers posted in professional services, CEO perspective, Thought Leadership

In previous blog posts, we have addressed the challenges and opportunities regarding digital transformation and the Digital Solutions Economy (DSE) across a range of industries including, software & SaaS, semiconductors, media & entertainment, medical devices, transportation, electronics manufacturingenergy, and utilities.

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