1© 2013
Rules for (Financial)
Revolutionaries
Planning for, and understanding the impact of the
cloud on your Financial Te...
2© 2013
Alternative Title
“Why do we need so many #*@!-ing
systems to get things done around
here?”
3© 2013
A July 2013 Saugatuck Technology study shows:
Finance Apps are moving to the cloud more quickly
than previously ex...
4© 2013
Why Finance Needs
-and-
Likes the Cloud…
“Cloud solutions allow us to keep up with the business as a
whole much be...
5© 2013
6© 2013
“We‟re moving to Cloud sequentially
and methodically. „Big bangs‟ tend to
scare people.”
- CFO, global electronics...
7© 2013
8© 2013
“We don‟t plan on keeping
many of our existing Finance
systems, but we do want the
flexibility to keep what we
nee...
9© 2013
“This stuff isn‟t something that we
want to see pulled together. This
needs to be rock-solid, and it
needs to refl...
10© 2013
So…What exactly makes a
Rock Solid, Cloud Based
Financial Management
Solution?
11© 2013
SAP Business ByDesign – ERP in the Cloud
Integrated and consistent best practices
12© 2013
“One of the big lessons we learned is
that once you get in, you‟re in bed with
your providers for a long time. Th...
13© 2013
SAP Business ByDesign – ERP in the CLOUD from SAP!
More than 1000 customers
More than 50,000 users
19 country loc...
14© 2013
Mr. Terry Rice, Director of Finance
Rules for (Financial)
Revolutionaries
Planning for, and understanding the imp...
15© 2013
Background: the Living Proof story
Living Proof, Inc. Confidential
1. Company basics
2. Growth
3. Sophisticated p...
16© 2013
Control, Process, & Consistency
1. Accounting / AR / AP
2. Reporting: actuals, budget, forecasting
especially CAS...
17© 2013
The Future: What‟s in Store for LP?
1. 3PL Integration
2. International Expansion
3. Host Analytics
Living Proof,...
18© 2013
Thank You!
19© 2013
Thank You Sponsors!
PLATINUM
GOLD
SILVER
DIAMOND
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Rules for (Financial) Revolutionaries - Planning for, and Understanding the Impact of the Cloud on Your Financial Technology

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Video/Presentation: http://www.proformative.com/events/rules-financial-revolutionaries-planning-understanding-impact-cloud-your-financial-technology

No department in your organization is more dependent on the integration best-of-breed solutions, complex workflows and in many cases homegrown technologies, than the Finance department. At the same time no other function stands to benefit as much by embracing next generation technologies. Emerging cloud technologies not only pose a significant acquisition, deployment and operations costs reduction, they also enable the finance function to scale the investments made within the enterprise-wide competitive tools such as data analytics and mobility. This session will explore how Finance Executives are exercising discipline and rigor to strike the right balance between existing and emerging technologies within their Finance functions.

Speakers:
Neil Krefsky, Sr., Director, Product Marketing, SAP Cloud
Terry Rice, Director of Finance, Living Proof

Presentation delivered at CFO Dimensions 2013 - http://www.cfodimensions.com
Track: Finance Technology | Session: 3

Published in: Business, Economy & Finance
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Rules for (Financial) Revolutionaries - Planning for, and Understanding the Impact of the Cloud on Your Financial Technology

  1. 1. 1© 2013 Rules for (Financial) Revolutionaries Planning for, and understanding the impact of the cloud on your Financial Technology
  2. 2. 2© 2013 Alternative Title “Why do we need so many #*@!-ing systems to get things done around here?”
  3. 3. 3© 2013 A July 2013 Saugatuck Technology study shows: Finance Apps are moving to the cloud more quickly than previously expected Finance leads believe they need to move to the cloud to stay relevant and improve the finance groups ability to drive value to the enterprise.
  4. 4. 4© 2013 Why Finance Needs -and- Likes the Cloud… “Cloud solutions allow us to keep up with the business as a whole much better, and much more inexpensively, than we ever could before.” – VP Finance, multinational automotive manufacturer
  5. 5. 5© 2013
  6. 6. 6© 2013 “We‟re moving to Cloud sequentially and methodically. „Big bangs‟ tend to scare people.” - CFO, global electronics manufacturing firm “Our first moves into Cloud-based Financials are layers on top of and between what we already have, use, and are comfortable with.” - SVP, global telecommunications provider
  7. 7. 7© 2013
  8. 8. 8© 2013 “We don‟t plan on keeping many of our existing Finance systems, but we do want the flexibility to keep what we need and make them work as we develop and move to Cloud. There has to be a way to use them to blend with our emerging, evolving Cloud efforts.” -Principal, global consulting services firm
  9. 9. 9© 2013 “This stuff isn‟t something that we want to see pulled together. This needs to be rock-solid, and it needs to reflect real-world Finance organization and activity.” -Managing Director, global food and beverage brand
  10. 10. 10© 2013 So…What exactly makes a Rock Solid, Cloud Based Financial Management Solution?
  11. 11. 11© 2013 SAP Business ByDesign – ERP in the Cloud Integrated and consistent best practices
  12. 12. 12© 2013 “One of the big lessons we learned is that once you get in, you‟re in bed with your providers for a long time. There‟s really no „off‟ switch when it comes to financials in Cloud or any other form.” -CFO, global high-tech manufacturing firm
  13. 13. 13© 2013 SAP Business ByDesign – ERP in the CLOUD from SAP! More than 1000 customers More than 50,000 users 19 country localizations and 9 languages 50+ countries where ByD is used 100+ large enterprises running ByD in their subsidiaries 50+ software solution partners with 100+ add-on solutions 150 value added partners worldwide
  14. 14. 14© 2013 Mr. Terry Rice, Director of Finance Rules for (Financial) Revolutionaries Planning for, and understanding the impact of the cloud on your Financial Technology
  15. 15. 15© 2013 Background: the Living Proof story Living Proof, Inc. Confidential 1. Company basics 2. Growth 3. Sophisticated products and markets 4. Start-up back office environment 5. Scalable solutions = the „cloud‟
  16. 16. 16© 2013 Control, Process, & Consistency 1. Accounting / AR / AP 2. Reporting: actuals, budget, forecasting especially CASH 3. Logistics / Supply Chain 4. Audits Living Proof, Inc. Confidential
  17. 17. 17© 2013 The Future: What‟s in Store for LP? 1. 3PL Integration 2. International Expansion 3. Host Analytics Living Proof, Inc. Confidential
  18. 18. 18© 2013 Thank You!
  19. 19. 19© 2013 Thank You Sponsors! PLATINUM GOLD SILVER DIAMOND

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