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

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
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