sap s/4hana for finance
TRANSCRIPT
SAP S/4HANA for Finance
Value Drivers and Solution EnablersReduce Days to Close Annual Books
Eliminate the need for reconciliation by using a single transaction table forgeneral ledger, controlling, asset accounting, and inventory accountingitems. Eliminate the need to store items in a special ledger by doingintercompany reconciliation with real-time access to open items inaccounts receivable and accounts payable.
Reduce Days Sales Outstanding (One Time Benefit)
Cut days sales outstanding with insight into customer positions duringevery interaction
Reduce Finance Cost
Eliminate the need for reconciliation between the general ledger andsubledgers. Decrease costs through automated postings, self-servicetools, and mobile access to key information
Reduce Losses due to Fraud
Improve compliance and risk management by automating andstandardizing processes, and enforcing corporate and legal policies
Reduce Audit Cost
Reduce cost of audits through audit trails, an audit information system,and retention and reporting of tax data
Accounting &ClosingOperations
! General ledger
! Asset accounting
! Inventoryaccounting
! Accounts payable
! Accounts receivable
! Revenue and costaccounting
! Closing operations
! Financial Reporting
CostManagement
! Cost management
! Product costmanagement
Analytics
! Profitability and costanalysis
! Varioustransactional andreporting analytics
SAP S/4HANA FOR FINANCE
Colt realized significant savings with SAP S/4HANA
" London-basednetworkcompanyfocused ontelecommunicationsand managedServices
" Network, Voice &Data CentreServices
" 4800+employees
" Over €1.5Brevenue
Benefits from S/4HANA for Finance
# Increasing the speed and accuracy of decisionmaking
# Enabling the decommissioning of complex legacysystems
# Building a flexible platform for innovativesolutions to adapt to business model changes
# Driving cost savings and reducing headcounts
25%Targeted
headcountreduction in
Finance
30%Cost savings in
operations
2 daysFaster global
monthly close
SAP S/4HANA FOR FINANCE
Innovabee implements S/4HANA in 6 weeks to changeits finance
" Software andconsulting companyfocused on medium-sized customers
" 30 year oldcompany withalmost 100employees
" Will have 4 liveS/4HANAcustomers in June2016
I already have a lotof experience withfinancial systems,both as a user andfrom thecustomers’perspective. ButSAP S/4HANAFinance is trulyrevolutionary.
Hansfrieder Weber,CEO
Use of S/4HANA Finance with the Fioriapps improves 3 areas:
Liquidity forecast to help acceleratefinancial decisions
12% Reduction in days sales outstanding
64% Reduction in the data footprint
2xReduction in time to completeoutstanding items including reportsand financial clarifications
SAP S/4HANA FOR FINANCE
Convergent: Supporting 200% Growth with SAPS/4HANA
" HeadquartersCalgary, Canada
" IndustryProfessionalServices
" Products andServicesUser experience andmobile solutions forenterprises
" Employees30
" RevenueNT $8 billion(USD $244 million)
" Websitewww.convergentis.com
Using SAP S/4HANA islike going from atricycle for small-business accountingsoftware to a race car. Ithas enabledConvergent to continueour fast-paced growthand simplified ourbusiness processestremendously.
Shaun Syvertsen,Managing Partner,
Convergent IS
Objectives
∠ Support 200% annual growth as international business expands with multiplecurrencies and foreign exchange risk
∠ Create the framework to support a new professional services business line
∠ Manage business processes like financial close, invoicing, and supply chain
Why SAP?
∠ Trust based on a longtime partnership and proven success for customers
Resolution
∠ Moved to a digital business foundation, with SAP S/4HANA providing thebusiness with a single source of truth
∠ Rolled out the SAP Fiori® user experience (UX) to support critical businessprocesses
∠ Used the Build tool to help project teams collaborate with business users andcreate prototypes of enterprise applications with real data
Benefits
∠ Gave the sales team insight into account-specific net margins
∠ Tracked hours in real time for accurate invoices and project margin analysis
∠ Improved business asset visibility for informed investment decisions
∠ Trained new employees with a simple and personalized user experience
48%Reduction in
days salesoutstanding
12%Improvement in
vendor spendmanagementcompliance
12daysCut from periodclose processing
SAP S/4HANA FOR FINANCE
Chinese electronics manufacturer uses S/4HANA toimprove productivity
" Customer producesvarious automotiveelectronics, homeappliances, security& defense solutionsas well a range ofother solutions withthe application inhealthcare, energy,and industrialautomation
" It is one of the "Top100 DomesticElectronicEnterprises" inChina
We wouldrecommendS/4HANA toanother customer.
IT Manager
Information Technology
"S/4HANA has a very goodinfrastructure as an ERP system"
Finance
"Financial end users have fewerreports and perform at higher speed"
SAP S/4HANA FOR FINANCE
Swiss Re significantly cuts time to close books
" HeadquartersZurich, Switzerland
" IndustryFinancial Services,Insurance
" Products andServicesInsurance /Re-Insurance in P&Cand L&H
" Employees12,000+
" RevenueUSD $37.3 billion(2014)
" Websitewww.swissre.com
It's fulfilling thepromises of simplifyingthe architecture andgiving us quickerresponse times.
Markus Schmid, CIOMember of Swiss Re's
Global ManagementBoard
11xReduction in closeperiod: from 55 to 5days
∠ Providing a single source of truthbetween transactions andanalytics to streamline andeliminate cycle times andreconciliation of the data
∠ New on-the-fly capabilitiesformoving finance processing,such as month-end activities, frombatch to real time
∠ Drive massive IT simplification withan architecture that removesreplications and aggregates
SAP S/4HANA FOR FINANCE
Everest Textile: real-time enterprise
" HeadquartersTainan City, Taiwan
" IndustryMill Products
" Products andServicesTextiles
" Employees3,000
" RevenueNT $8 billion(USD $244 million)
" Websitewww.everest.com.tw
" PartnerInfoFab Inc.www.infofab.com
Having SAP S/4HANAFinance in place is a bigplus for us. It certainlyreinforces our image forproduct innovation andprocess improvement,which in turnstrengthens ourcompetitiveness andopens up new businessopportunities.
Richard Tseng, ChiefInformation Officer,
Everest Textile Co. Ltd.
Objectives
∠ Support business growth in today's digital and connected economy with anintegrated, comprehensive business solution
∠ Consolidate and integrate business data across
∠ 3 factories to operate and optimize all mission- critical processes in real time
∠ Reduce data delays and improve access to connect insight to actions
Why SAP?
∠ Proven success of the SAP® S/4HANA Finance solution as a single source ofreal-time information to drive end-to-end business processes
∠ Strong brand influence and technology leadership
Resolution
∠ Implemented SAP S/4HANA Finance to support 500 users
∠ Provided an integrated solution covering 3 production sites and numerous linesof business including product development, sourcing, procurement, supplychain, manufacturing, finance, accounting, sales, and service
∠ Created a single data management environment that lets users access andanalyze the latest data as soon as it is captured, leading to substantialproductivity gains
Future Plans
∠ Use SAP S/4HANA software to automate the value chain, unlock the potentialof the Internet of Things, and realize Industry 4.0
∠ Allocate resources in real time when receiving a shop order by instantly runningpredictive analytics to consolidate production capacity, stock, and materialsand send the order to the right factory
SAP S/4HANA FOR FINANCE
Spirit Aerosystems: finding a single source of truth
Based in Wichita,Kansas, theworld's largestfirst-tieraerostructuresmanufacturer
∠ $5.4b revenue,spin-off of Boing in2006
∠ 2 major customers(Boing, Airbus)
∠ New aftermarketbusiness
Drivers for ITtransformation
∠ New executiveleadership team
∠ Lack of visibility tofinancialperformance anddrivers at corporateand program levels
∠ Divestiture in 2014to Triumph, M&A,and futuredivestitures
∠ Focus on cost andspending
SAP S/4HANAFinanceInnovationWithoutDisruption# From XLS-based analytics to
single source of truth globally
# Real-time on any device withdrill-down into line-itemdetails
# Immediate benefits toFinance Team with bettervisibility and analytics
# Platform for continuousinnovation to expanded usergroups
SAP S/4HANA FOR FINANCE
SAP's own use of S/4HANA for Finance: Achieved Value
The SAP HANA journey began in 2012 with the implementationof SAP Business Warehouse (SAP BW) powered by SAP HANA,and continues today with the implementation of the SAPS/4HANA Finance solution for the SAP Business Suite poweredby SAP HANA.
The businessbenefits areincredible, withnotable statisticshighlighted here.