Transform Finance with SAP solutions and Approyo

Enterprises today are increasingly experiencing a new normal of volatility that is fundamentally changing how they engage with their investors, customers, suppliers, regulators, and employees. This volatility is driven not only by traditional areas of currency exchange risk and commodity prices but also by macroeconomic volatility and rapidly changing consumer and employee preferences. Additionally, tax policy volatility and complex regulatory requirements are challenging finance to capture, analyze and provide deeper and more relevant real-time information.

The role of finance itself is evolving towards active engagement with business partners, simplifying and automating processes, enabling new questions to be asked that were never possible and delivering new insights during the decision-making process. Leading finance organizations are driving digital transformation and fundamentally changing the way they bill, collect, report, and pay taxes, and how they plan for and manage a constantly changing business. Finance’s role is expanding as it leans into innovation to creatively adapt to change, manage volatility, and to find new opportunities to create value.

SAP S/4HANA is the finance innovation platform that enables today’s digital business by bringing business processes and analytics together into a single, smooth, digital motion. It provides the foundation for continuous innovation by allowing customers to benefit from newest SAP Leonardo innovations as they emerge along with the ability to leverage extended finance for procurement, workforce management, travel & expense management, etc. The time to innovate and transform is now and SAP supports a live business for all roles of the office of the CFO.

SAP S/4HANA for central finance foundation
Provides a non-disruptive path to adopt SAP’s latest finance simplifications and innovations for customers with heterogeneous landscapes, out-of-maintenance, and/or highly customized SAP systems. It provides a unified financial and management platform to centralize process execution, planning, and reporting based on the same (single source of the truth) data. Benefits include advanced reporting at the segment, entity, or grouplevel; business-modelagnostic rollups for reorganizations and M&A modeling; scalable local and central process execution (complementing process execution in source ERPs); and a starting point for finance shared services across business units.

Transformation platform for the digital enterprise
Create an advanced digital data architecture (universal journal), a platform to include future innovations, asingle source of the truth for both transactions and analytics, and a digital core to include integration for workforce, network, customers, and new innovations enabled by SAP Leonardo, SAP Ariba, SAP Concur, SAP SuccessFactors, and SAP Fieldglass solutions.

Rapid value creation with minimal disruption
Massive simplification and optimization within SAP S/4HANA can be deployed with minimal business disruption to accelerate business value and capture and eliminate the need for overly complex processes. Additional value can be achieved by deploying solutions and templates within SAP Activate methodology, standardizing master data using the SAP Master Data Governance application, and focusing effort on the reduction or elimination of legacy custom code.

Read the full blog post on www.approyo.com