SAP Business

Objects’ Disclosure
Management
Automating the Last Mile of Finance

May 5 2014
The “Vision” of Today’s Finance Executive for
Financial Reporting

Increased Today’s Successful CFO’s

regulatory EnVISION Quality
pressures and
Financial Reporting As:
tighter
timelines o automated
require new o secure
approach to
o easily formatted
financial
reporting o auditable
o publishable
 What is the Last Mile of Finance?

Last Mile of Finance is the Publishing official

process that starts at… documents that
explain performance results
to the
Securities and Exchange
Commission (SEC)
Filing and the investing public
reports
to the
Closing management
the general
ledger
 What Worries Today’s CFO?

70% Spreadsheet reliance

is a notorious reason why
of organizations still errors occur in official
rely on spreadsheets financial statements
as a data source for
performance This type of worry is what
management and keeps many CFO’s up at
reporting, night
both internal and
external
Research study by
BPM Partners AUTOMATING
the last mile of finance
is the only way to
stop having to worry
about accuracy issues
 Challenges Identified by Today's Finance
Executives
• Manual process prone to errors
Cycle Times
• Lack of ability to move data amongst contributors
Extended
• Difficulty in incorporating data from many source
Length systems

Complex Rules • IFRS

For Regulated • US GAAP
Accounting

Costs For Last • Disclosure requirements grown more condensed

Mile Of and expansive
Finance • Labor-intensive nature of the process
 Power of Timely Reporting

Organizations that Conversely,

complete their organizations that
quarterly consolidated complete their

losers
financial statements quarterly close-to-
winners

and release earnings in disclose process in 25

10 or fewer days are or more days are
top performers for this bottom performers
process
 Why is Faster Cheaper?

Reduced cycle
time means that
less time and
personnel are
25
needed to
complete the 18
close-to-disclose 10
process
 Cost Savings

The data shows

that the bottom
performers spend
five times more
on the process $0,57
than the top
performers $0,11
$0,23
 Collaborative Disclosure Management in the
Accounting and Financial Close End-to-End Process
As part of the enterprise performance management (EPM) solutions, the
new collaborative disclosure management solutions complete the end-
to-end accounting and financial close process

Reporting &
Entity Close
•General ledger •Consolidation Disclosure
•Sub-Ledgers •Entity Close •Notes •Reporting
•Management Management & Analysis
•Disclosure
Financial Corporate Management
Accounting Close
 What Does Disclosure Management Offer?

Automated disclosure processes to

accelerate the “last mile” of finance
Optimize the entire
financial close process
end-to-end, from
Integrate data from
source to digital
multiple sources for a
comprehensive and
Accelerate the
trusted view of the
generation of financial
organization
and non-financial
statements while
reducing the cost of
compliance
SAP BusinessObjects Disclosure Management
Reduce the time, risk and cost of regulatory disclosure
in several ways

Key Features Business Value

• Speed & Flexibility • Reduces Time

• Collaboration • Reduces Costs
 Speed and Flexibility
Using SAP BusinessObjects Disclosure Management
system allows to:

o Accelerate the
generation of
disclosure statements

o Integrate data for a

single view across the
organization

o Optimize the close

from source to digital
disclosure