IDC Technology Spotlight: SAP Simple Finance and S/4HANA
"Enabling Finance in a Digital Enterprise to Plan, Monitor, and Predict"
Information is the catalyst for transformation in today's increasingly online business environment. Every industry is now an information industry. Every role, an information role. Supporting the needs of information workers requires the delivery of the latest, relevant information at the point of decision. As technology advances, new capabilities are created that offer improvements over longstanding business processes. In this whitepaper you will discover how real-time technology can improve the financial decisions that support your business.
Key Takeaways: Improving Decisions Across the Organization
Enterprise Performance Management
- Traditionally, planning and consolidation happens on yearly and monthly or quarterly cycles. With real-time analysis, cycles of planning, consolidation, corrective actions, and re-planning can occur throughout the year at various levels of the business, responding to fast-breaking trends and results.
Monitoring and Operational Intelligence
- In a real-time business, monitoring financial transactions as soon or shortly after they happen can help to identify unusual activity that might be a sign of fraud, impending cash shortfalls, or a probable loss of a key customer or supplier. This new-found agility offers a significant business value compared to traditional finance operation that rely on periodic reports.
Exploration and Discovery
- When considering data exploration and the use of prediction and simulation, a traditional finance operation relies on cumbersome data extraction to spreadsheets to understand the impact of organizational change. In a real-time business, analysts use predictive analytics and simulations from a unified, always-current data store on an ongoing basis to model the financial impact of a projected action such as an organizational restructuring or a contemplated merger or acquisition.