Drive Performance from Plan to Action: Best
Practices for Achieving Financial Excellence
Finance
Business Context
Competit...
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Drive Performance from Plan to Action: Best Practices for Achieving Financial Excellence Infographic

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http://spr.ly/SAP_Finance - How can you drive performance from plan to action? Learn the best practices for achieving financial excellence in your organization

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Drive Performance from Plan to Action: Best Practices for Achieving Financial Excellence Infographic

  1. 1. Drive Performance from Plan to Action: Best Practices for Achieving Financial Excellence Finance Business Context Competitive Analysis CFOs face challenges in managing financial planning and analysis performance while keeping up with the rapidly shifting market and business dynamics. SAP performance analysis shows that the best performers excel in two key areas. With these capabilities in place, leading organizations have created a clear competitive advantage. 8%Higher Financial Forecast Accuracy 60%Lower Cycle Time for 65%Fewer days to Create New Reports Streamline and integrate bottom-up and top-down financial and operational planning process and systems Provide real time and granular insight into cost and profitability along with scenario planning capabilities Difficult to align corporate and operational goals Inaccurate and slow financial planning, budgeting and forecasting Lack of real-time , detailed and accurate insight into cost and profitability Financial Forecasts What’s Next? Proven Best Practices Technology innovations will further improve financial planning and analysis capabilities. With new technology best practices emerging, finance executives clearly endorse their importance and potential. % Finance Executives Rating Capability as Very Important How do they do it? Benchmarking highlights three specific best practices which leading finance organizations have adopted: 76%Real-time ‘what-if’ analysis for effective planning 65%Real-time reporting on all devices including mobile 83%Ability to forecast at business entity and group level at required level of granularity along all relevant business dimensions Continuous loop real-time planning and simulation Single source of truth Timely executive reporting 1 2 3 10% 29% 20% Higher financial forecast accuracy* where budgeting and forecasting is managed as a continuous process of planning, measuring and simulation with real time insight across functions/ regions Lower process cost** where business and operational analysis is based on a single source of financial and non-financial information Lower cycle time for financial forecast where finance leadership has access to dashboards that provide a timely/daily view key metrics, like sales information, for example. *For organizations in North America and EMEA **Financial closing, budgeting and forecasting, reporting and analysis, treasury, GRC processes Learn More To find out more about the value SAP offers based on your industry or line of business, visit SAP’s Solution Explorer. © 2014 SAP AG or an SAP affiliate company. All rights reserved. (05/14) https://valuemanagement.sap.com/disclaimer/ Expert Community

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