Transforming Finance to Drive Intelligent and Accessible Reporting & Analysis


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Learn how successful companies are identifying the factors that drive financial results and leveraging technologies like Mobility and In memory to define metrics, perform predictive analysis, and optimize the planning processes to effectively monitor and manage key business drivers. Join the discussion on what others learned through their process, what advice they have for you to create the best metrics and score cards. Identify areas you can leverage in your operations to drive decisions to impact company performance through the challenges others have overcome in this process. Take away ideas and tools to elevate your reporting process.

Bill Guilmart, VP Business Analytics & Technology, SAP

Presentation delivered at CFO Dimensions 2013 -
Track: Finance Technology | Session: 4

Published in: Business, Technology
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  • Current relational database technology based on disk is proving to be a big bottleneck, withslow access speeds and programming constraints. It is not conduciveto handling today’s volume, velocity and variety of data processing requirements, especially regarding analytics and emerging applications
  • SAP has a comprehensive suite of solutions to address each of these areasStrategize and PlanSAP Strategy ManagementSAP Business Planning and ConsolidationAnalyze and OptimizeSAP Business Planning and ConsolidationSAP Profitability and Cost ManagementSAP BusinessObjects Business IntelligenceClose and DiscloseSAP IntercompanySAP Business Planning and ConsolidationSAP Financial ConsolidationSAP Disclosure ManagementSAP Notes Management
  • Transforming Finance to Drive Intelligent and Accessible Reporting & Analysis

    1. 1. 1© 2013 Transforming Finance to Drive Intelligent and Accessible Reporting & Analysis Bill Guilmart, Vice President, Solution Management Karuna Mukherjea, Senior Director, Product Marketing
    2. 2. 2© 2013 We want to take you from here ….
    3. 3. 3© 2013 … to here
    4. 4. 4© 2013 Your Business Environment Is Constantly Changing How deeply do these changes impact your organization Increasing globalization Pressure on margins New competition Increased focus on risk Regulation is here to stay Volatility in markets, commodity prices and stocks
    5. 5. 5© 2013 … And Current Technologies And Processes Can‟t Handle The Volume, Velocity And Variety Of All Your Finance Data Physical Limits
    6. 6. 6© 2013 You Need To Take Control Of A Fast-growing Volume Of Many Types Of Data ... Worldwide digital content will double in 18 months, and every 18 months thereafter. IDC VELOCITY In 2005, mankind created 150 Exabyte of information. In 2011, 1,200 Exabyte’s was created. The Economist VOLUME VARIETY 80% of enterprise data will be unstructured spanning traditional and non traditional sources. Gartner ERP Data Costs Profitability Speed Velocity Transactions Opportunities Revenues Reports Emails Planning Analysis Mobile Period-endclosing
    7. 7. 7© 2013 CFOs Are Struggling With ... Inability to access detailed financial information across all business dimensions So we cannot identify new opportunities to optimize our financial performance Time-consuming financial analysis and reporting processes with high volumes of data So we have delays in the completion of our period- end closings Financial decisions based on incomplete, inaccurate and often outdated information So we might miss our financial objectives and not manage risk and compliance issues properly
    8. 8. 8© 2013 Top Business Priorities for the CFO Finance executives prioritize closer collaboration with the business Over the next 2 years, priorities for finance are: Control costs and improve profitability Support and fund growth objectives Improve finance efficiency/reduce cost of finance 76% of Finance executives believe at least half their time should be on high- value planning and analytic activities, though only 55% achieve this 76% want Finance to be more involved working with the business during the next two years
    9. 9. 9© 2013 Performance Management Projects Highest Priority On CFOs Initiatives List For Business Analytics 0% 20% 40% 60% 80% Statistical analysis Predicitive modeling Data warehouse Financial consolidation and reporting Customer and product profitability Performance measurement, scorecard, and… Planning, budgeting, and forecasting Percentage of respondents Components to be updated in 2013 Source: Gartner. John Van Decker. CFOs See the Importance of Business Analytics Improvement, Gartner Study Finds. June 2012. 0% 20% 40% 60% 80% Statistical analysis Predicitive modeling Data warehouse Customer and product profitability Financial consolidation and reporting Planning, budgeting, and forecasting Performance measurement, scorecard, and… Percentage of respondents Components to be updated in 2012
    10. 10. 10© 2013 Evolving Role of the Finance Departments Producing Reports Financial Governance Cost Cutting Distributing Information Managing Plans Supporting the business Strategic Cost Analysis Predictive Planning Define Growth Strategies Drive Innovation Trusted Strategic Advisor
    11. 11. 11© 2013 Key Technology Trends Financial Transformation Self service reporting and analysis Integrated business planning Travel and expense management Payment approval Performance management Customer Fact Sheet Coping with „big data‟ Multi-dimensional profitability reporting Sales and Operation planning – finance to SKU
    12. 12. 12© 2013 The Decision Making Revolution Is Now The Opportunity With Transform Finance Enable real-time decisions Mobilize enterprise information Increase enterprise productivity Strategic | Operational | Collaborative
    13. 13. 13© 2013 What Will Technology Enable ? Enhanced Analytical Insight Processing of high volumes of data Broader access to information Integrated real time reporting Provide “anytime” “anywhere” flexibility Predictive quality to data Bring agility and speed in decision making Transparency
    14. 14. 14© 2013 “Always On” The Connected CFO !!
    15. 15. 15© 2013 What Represents „Best Practice‟ Increase organizational alignment and agility Help the enterprise make better decisions that drive profitability Deliver a faster, more reliable close to disclose process • Ensuring everyone understands how they help the organization succeed • Allocating budgets to initiatives that create the most value and streamlining planning processes • Instantly sensing changes in KPIs and enabling rapid re-forecasting and easy scenario analysis that helps manage risk and cope with volatile economic conditions • Delivering faster access to information and more detailed analysis of “big data” for business users • Understanding and identifying opportunities for cost to serve reduction • Providing decision makers with reliable data on the true profitability of products, services and customers • Reducing cycle time by driving efficiency with automation and standardization • Increasing confidence in financial reports with high transparency and a detailed audit trail • Allowing finance teams to analyze the reasons for the numbers rather than just reporting them
    16. 16. 16© 2013 Large Disparity Between Average and Best Working days to close annual books Finance costs as a percent of revenue 7 best 14.8 average 22 worst SAP Value Engineering Global Figures 0.4% best 1.2% worst 0.8% average Day sales outstanding 43 best 52 average 74 worst
    17. 17. 17© 2013 Better Planning SAP Planning and Consolidation Increase Boost Expand Increase agility, plan better and faster with instant insight into all relevant information Boost productivity by streamlining strategic, financial and operational planning Engage stakeholders outside of finance in planning activities for greater accuracy and accountability” What you need • Business Decision Support • Providing information, analysis, and metrics • Execution in current markets
    18. 18. 18© 2013 Profitable Growth SAP Profitability and Cost Management Build Reduce Improve Achieve revenue and profit goals with competitive products Achieve revenue and profit goals with lower costs and efficient resource allocation Improve customer satisfaction and retention What you need • Revenue growth and preservation from existing and new markets • Overhead and cost reduction • Prioritization of investments and resources
    19. 19. 19© 2013 Strategic Alignment SAP Strategy Management Communicate Preserve Monitor Communicate priorities based on strategy and corporate initiatives Preserve accountability across the enterprise to meet the strategic objectives Collaborate, monitor, measu re and manage performance What you need • Framing and/or adapting strategy • Influencing strategy and operational priorities • Ensuring initiatives achieve desired business outcomes
    20. 20. 20© 2013 Better Quicker Answers For Finance Breakthrough Innovation With In-memory Computing With in-memory technology integrated in your business, you‟ll see immediate benefits  Gain Real-Time – know it when it happens  Go Deeper – ask any question on any data  Act Broadly – manage large volumes of data  Run Faster – analyze at the speed of thought  Get Flexibility – eliminate pre-fabrication requirements In-memory computing is a technology that analyses massive quantities of data in local memory so that the results of complex analyses and transactions are available at your fingertips – and business decisions can be executed without delay
    21. 21. 21© 2013 Better Quicker Answers For Finance Breakthrough Innovation With Mobile Technologies With mobile technology integrated in your business, you‟ll see immediate benefits  Real Time – Gain immediate access to information  Accelerate – Real time planning and forecasting applications  Collaborate – Rapid consensus by simulating “what-if?” scenarios  Complete - multiple versions of plans and large volumes of data Mobile technologies enables CFO, Finance Executives and Financial Analysts access to key information anytime and anywhere in a secure manner to increase impact and productivity of the finance organization.
    22. 22. 22© 2013 Enterprise Performance Management Enterprise Performance Management Strategize and Plan Analyze and Optimize Close and Disclose Increase organizational alignment and agility • Set and translate strategy • Create plans, budgets and forecasts Help the enterprise make better decisions that drive profitability • Analyze performance • Model and optimize profitability Deliver a faster, more reliable close to disclose process • Prepare consolidated financial statements for management & regulatory purposes • Disclose financial data to internal and external stakeholders
    23. 23. 23© 2013 Better Utilize Your Data To Gain A Competitive Advantage Base decisions on the latest, granular multi-structured data Make decisions on analytics rather than intuition Frequently reassess forecasts and plans Utilize analytics to support a spectrum of strategic, operational, and tactical decision making Rapidly evaluate alternative scenarios Leading businesses can outpace the competition because they can: How well do you leverage your own data ? Fumblers Fact Finders Fumblers Fact Finders n=1,002 Source: IDC‘s SAP HANA Market Assessment, August 2011
    24. 24. 24© 2013 Further Information CFO and Financial Leadership Center Our pages dedicated to the CFO and Financial Leadership, a single information source with cutting edge material to help CFOs benchmark their performance in key areas that span performance management, financial close, risk and compliance, shared services, treasury and accounts payable, and receivables functions: Enterprise Performance Management Visit the Enterprise Performance Management overview pages on the SAP global website for thought leadership papers, solution briefs, demos, and customer stories: SAP Solutions for Finance Newsletter Find out what's new in SAP solutions for finance. To receive future issues, please subscribe here:
    25. 25. 25© 2013 Social Media You can also follow us on: px/financial-excellence SAP EPM Group: me=&gid=2327383&trk=anet_ug_hm& goback=%2Egmp_2327383 cs/ EPM Playlist: t=PLB3220A879856DD4E
    26. 26. 26© 2013 Thank You!
    27. 27. 27© 2013 Manage Financial Performance And Accelerate The Financial Close With SAP Solutions For EPM Strategize and Plan • SAP Strategy Management • SAP Business Planning and Consolidation Analyze and Optimize • SAP Business Planning and Consolidation • SAP Profitability and Cost Management • SAP BusinessObjects Business Intelligence Close and Disclose • SAP Intercompany • SAP Business Planning and Consolidation • SAP Financial Consolidation • SAP Disclosure Management Enterprise Performance Management Solution today
    28. 28. 28© 2013 Thank You Sponsors! PLATINUM GOLD SILVER DIAMOND