Enterprise Resource Planning Blogs by SAP
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Inflation rates not seen for decades, disrupted real and financial supply chains - Finance teams must react on changing conditions quickly. They need to access the key data and insights in their systems to help them make decisions as the trusted steward of the CEO. Resources are tight, and Finance must ensure an efficient assignment of those resources. The Finance department needs to take the lead to ensure top-line and bottom-line growth to:

  • Grow revenue by supporting differentiating business models in their industry

  • Optimize working capital to ensure funding of dynamic and volatile business needs

  • Easily consume innovation at their pace with a flexible platform approach

  • Deliver effective steering with unified plan, actual, and predictive models

The expectation of Finance teams has evolved from backward-looking report-generation to forward-looking advisors. This means that underlying processes need to be relentlessly automated. Continuous insights highlight where finance processes can be optimized and give fast and reliable insights into the company’s performance, today and in the future. The key is to never stop improving:

  • Prioritize optimization opportunities with instant analysis of processes, activities, and tasks

  • Improve business performance with fact-based decision making by any dimension

  • Unlock new efficiency with intelligent automation along financial processes

  • Run your financial operations at global scale

SAP is a trusted partner for your business needs, at every step of the way to secure your success. SAP will accompany you on your journey, delivering solutions that enable you to:

  • Manage sustainability from a financial point of view

  • Ensure compliance by continuously meeting regulatory requirements

  • Optimize tax planning and strategies to support business growth

  • Control and optimize working capital and financial risks

  • Adopt innovations in Finance tailored to your individual needs

  • Reduce risks via a stage-gate investment suited to complex landscapes

To summarize: The finance team is the gatekeeper for future business innovation. Efficient processes enable team members to advise the business based on continuous insights – which will steer teams toward great results. Ensuring continuous compliance is a key Finance responsibility, executed in collaboration with other teams. And Rise with SAP S/4HANA Cloud delivers the Finance capabilities that will drive business innovation across these 3 dimensions.