The document discusses creating a digital foundation for finance through data standardization and a Central Finance core implementation of SAP. It states that fixing core data and processes is needed to deliver digital transformation value. It recommends that finance lead in establishing a master data management strategy, allocating resources to data governance, and deploying technology for better quality data. A Central Finance core with standardized data and real-time ERP connections could enable efficient decision support through a single analytics platform, establishing data as a strategic asset with global standardization and governance.

1. Future of Finance
Creating the
Foundation for
Digital Leapfrogging
CLASSIFICATION: Internal use only
July 2021

2. Our digital finance ambition: Leverage digital to………..
CLASSIFICATION: Internal use only 2
Insight:
Our digital journey has involved the “classic” investment in automation technologies and selected
cognitive tools to drive the digital transformation. However, we realized that without fixing our core
data and processes it would be a challenge to delivery on the expected value creation.
…unlock Enterprise Value and help
build differentiated customer
relationships
…drive Finance productivity through
digitizing ways of working and activating
data to create value

3. Putting data in focus: Data as a strategic asset for the finance function
CLASSIFICATION: Internal use only 3
Finance needs to lead in data
• Clearly defined master data-management strategy
• Allocate capacity to govern and manage data
• Help lead data-standard alignment across company
• Deploy technology for better-quality data.
• Invest in an agile, tech-enabled data backbone
Finance needs to do the hard work required to align and integrate data, without this you cannot capture the full
value of digital transformation

4. • Create a Central Finance core with standard data and
processes connected to the underlying ERP’s in real-time.
• Create analytics layer (SAP cloud analytics)
Efficient and better decision support, moving from
report creation to insight generation enabled by a
single global platform
Data as a strategic asset with global standardization
and right level governance
Efficiencies through simplified processes with high
utilization of centralization, automation and self-
service
CFIN
Creating the Digital Core / Data Backbone: SAP Central Finance (CFIN) implementation
Value Vision

5. Strong and visible Finance
leadership driving change
Senior Sponsorship
Digital not just for cost savings, the
bigger opportunity is value creation
Value Focus
Investmentt in new skills and
changed ways of working
Capability investment
Creation of a digital foundation
with standard data model
across the enterprise
Digital core / Data Focus
As an enabler and not as the main
objective digital transformation
Technology investment
Some key elements to accelerate
digital transformation