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FIN2016 Milne Anendtoendtourofsap
FIN2016 Milne Anendtoendtourofsap
Finance Overview
Wrap-up
Increasing complexity
of external conditions
Explosion of Big Data
Pressure to support
global growth
initiatives Millennial work style
enabled by networks
and mobility
Requirement to reduce
the cost of finance
Accelerated adoption of
technology innovations
Chief Financial
SAP S/4HANA Finance - delivers functional completeness across all financial roles Officer
Treasury &
Financial Planning & Accounting & Finance Enterprise Risk &
Financial Risk
Analysis Financial Close Operations Compliance Management
Management
Strategy Development and Payments and Bank
Accounting Receivables Management Enterprise Risk Management
Translation Communications
Planning, Budgeting Cash and Liquidity Invoice Management Controls and Compliance
Entity Close
and Forecasting Management Management
Monitoring and Reporting Reporting and Disclosure Financial Risk Management Real Estate Management Fraud Management
Financial Close Governance Commodity Risk Management Financial Shared Services Audit Management
* Note: SAP S/4HANA Finance was formerly known as SAP Simple Finance
ACCOUNTING
Efficiently support compliance with multiple accounting standards
ENTITY CLOSE
Automate and shorten the legal entity close cycle
CORPORATE CLOSE
Streamline the financial consolidation process and shorten reporting cycles
61 %
Optimize
Financial Planning Accounting Plan to Action Treasury & Financial Finance Enterprise Risk &
& Analysis & Financial Close Risk Management Operations Compliance Management
SAP Accounting powered SAP Financial Closing SAP Business Planning SAP Business Intelligence
SAP Process Control
by SAP HANA cockpit and Consolidation (BI) solutions
SAP ERP Financials SAP Business Process SAP Financial SAP Disclosure SAP Master Data Govern-
General Ledger and Sub- Automation by Redwood Consolidation Management ance for Financial Data
Ledgers in SAP ERP
One source for financial and Fast and flexible reporting Continuous intra-month processes
management accounting Self-service analytics Soft close better insight at any time
Real-time reporting without replication Hard close accelerated month-end
to a data warehouse closing tasks
Public
Accounts Sector
Single repository of journal Payable
Joint
entries across multiple applications Fixed Accounts
Venture
Improve transparency
Guide contributors and drive consistency with configurable
business process flows
Provide a detailed audit trail of all data from source to
disclosure
Change Management
Milestone 1
Completed project plan
Define vision and Account and Leverage data integration tools, validations,
benefits intercompany and controls for right-first-time close
reconciliation
In-house publishing of financial statements
Obtain executive
in XBRL
sponsorship Right-first-time close
Improved insight
Change Management
Milestone 1 Milestone 2
Completed project plan Immediate timetable reduction
S/4HANA Finance
For more information on SAPs accounting and financial close solutions:
www.sap.com/accounting
For more information on other parts of the SAP finance solution portfolio:
www.sap.com/finance
Birgit Starmanns, Elizabeth Milne, and James Fisher, Accelerated Financial Closing with SAP
(SAP PRESS, 2014).
www.sap-press.com/products/Accelerated-Financial-Closing-with-SAP.html
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Governance
Simplifies complex governance with standardization, workflow, and proven management
of accounting and financial close processes trusted by 65,000+ companies
Processes
Provides massive process efficiencies to collaborate effectively and automate the
closing cycle with event-driven execution
Technology
Drives one common view of finance data with significant IT simplification that eliminates inefficient
reconciliations and removes boundaries between transactions and analytics
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