The finance processes and technology platforms that have been utilized in the last 20 years are simply not agile enough for the digital economy.
In the current connected world, new business models are limited by disconnected processes and legacy technologies, and enterprises can no longer wait until the end of the month to see results, or for the annual budget cycle to make investment decisions.
Finance is at the heart of the digital business.
Becoming digital enables finance organizations to reimagine ways to achieve their CFOs’ key priorities: improving efficiency and ensuring compliance, driving business performance, and defining new corporate strategies.
SAP S/4HANA simplifies the core of finance through a single source of the truth. All transactional and planning data is stored one time only, in one place only – the universal journal – so there is no more reconciliation, no more replication, no more aggregation. Instead, the SAP HANA® platform provides a single source of the truth, which allows for a whole new level of visibility and operational efficiency across finance and the enterprise.
The power of in-memory allows finance to perform at the speed of digital – that is, real time – with no more batch jobs, no more rigid system hierarchies, no more waiting for IT to deliver your reports. Instead, a single system provides immediate visibility to all transactions and allows users to perform dynamic and personalized analysis straight from the transactional data. SAP S/4HANA brings business processes and business intelligence together into a single, smooth, digital motion.
Here are the Top Five Reasons CFOs Want SAP S/4 HANA:
One: Dynamic Planning and Analysis
Real-time evaluation and analysis of new business models and M&A through dynamic planning and forecasting
Single version of the truth, available live and at the most granular level for instant plan actual variance analysis, prediction, and simulation on the fly
Two: Soft or Anytime Trial Close
Strong foundation for “soft close”
One universal journal for a single source of the truth, eliminating reconciliation and enabling instant profitand-loss insights and detailed reporting on the fly
Real-time consolidation capabilities for group close
Three: Predictive and Simplified Treasury
Real-time integrated liquidity planning with predictive and automated cash forecasting
Higher transparency on financial exposure through single source of the truth
Simplified and automated bank processes
Four: “Lights Out” Finance
Radical automation enabling “lights-out” finance
Business networks, coupled with faster deployment models, allowing for dramatic leaps forward in process automation
More agile organizations and operational cost reductions of 40% or more
Five: Always-on Compliance
Automated and embedded compliance, so that focus turns to protecting the brand
Enterprise risk topics as a focus
Instant identification and prediction of potential fraud along with prevention strategies
For more information, visit www.encrosscorp.com or call us at (302) 351-2593.
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