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SAP TechEd 2024 is here! As we kick off for this pivotal event in the SAP calendar, anticipation is building around the revolutionary talks and groundbreaking ideas set to be unveiled. For this year’s fully virtual TechEd, I’m excited to share the new SAP Business Technology Platform (SAP BTP) use case, Autonomous Finance.
What is Autonomous Finance?
So, what exactly is autonomous finance, and why is it becoming a game-changer in the world of oCFO? Gartner states that autonomous finance is a “finance function where processes and activities are partly governed and majority operated by self-learning software agents that optimize front-, middle- and back-office operations." Powered by technologies like AI, machine learning, and automation, it will affect all parts of the finance function under the office of the CFO.
So why should businesses be excited about autonomous finance? Let's examine some of its compelling advantages.
- Autonomy in finance drastically reduces human intervention, which translates into significant cost reductions for organizations.
- It also speeds up operations and boosts productivity.
- AI-driven analytics can provide deep, actionable insights from financial data, empowering businesses to make smarter, strategic decisions.
Take a look at this infographic on the trusted path to autonomous finance.
Customer Success Stories
Several SAP customers are already tapping into the potential of Autonomous Finance to propel their businesses forward:
- Connect departments: Endress+Hauser significantly boosted overall efficiency and simplified operations by utilizing SAP Integration Suite’s tools to standardize their data sources. Thanks to the suite’s APIs and capabilities, Endress+Hauser's customers can now effortlessly place equipment orders directly from their ERP systems. This, in turn, automatically generates a production order within Endress Hauser’s ERP system and forwards it to the production facility.
- Aligned priority use case: Deliver Connected Experiences - Accelerate integration and increase productivity
- Analyze: ARAG adopted SAP Datasphere and SAP Analytics Cloud to create a unified and efficient analytics solution, enabling easy data accessibility. The combination of these technologies enabled ARAG to make all their data more accessible across different countries and teams, which paved the way for faster gaining of meaningful insights.
- Aligned priority use case 1: Integrate hyperscaler data with SAP Datasphere - Deliver insights using live data from SAP and hyper...
- Aligned priority use case 2: Accelerate Financial Planning and Analysis - Enhance SAP S/4HANA with planning and analysis
- Automate processes: Orbico's IT team implemented SAP Build Process Automation to automate specific processes and tasks, thereby reducing project times and costs. The team launched over 40 process automation projects within a year, including a bot that automated invoice processing from PDFs into SAP S/4HANA, recognizing invoices from 20 vendors.
- Aligned priority use case: Increase efficiency and accuracy while reducing costs - Automate processes to empower finance profes...
- Embed intelligence: To Mercedes-AMG PETRONAS Formula One Team, efficiency is key to success. Formula One has cost caps that limit each team’s spending on cars per season with severe penalties for overshoots, making financial management one of their biggest challenges. Mercedes-AMG PETRONAS Team will leverage SAP S/4HANA Finance and SAP Business AI to optimize resource management and cost forecasting.
- Aligned priority use case: Enhance customer support using the power of generative AI - Improve operations and decision-making w...
How to get started
SAP Discovery Center is an incredible asset to any business. If you’re in search of ways to start deriving value with SAP Business Technology Platform for your business, this is the place to start. It empowers users to easily uncover, find, and embark on SAP Business Technology Platform use cases.
Why SAP Discovery Center?
- SAP Discovery Center offers a catalogue of hundreds of detailed and comprehensive missions. These missions cover numerous aspects of business to inspire you on your SAP BTP journey. For example, when you’re ready to embark on the Autonomous Finance journey, these Discovery Center Missions will help you to take each step and make it best suited to your business needs.
- It provides guidance on how to use the wide range of services offered by SAP. This step-by-step guidance means you can use SAP’s powerful suite of tools to the best of your abilities and utilize the Free Tier and/or Free Trial.
- It encourages learning and exploration. With SAP Discovery Center, you not only understand how a host of innovative technologies could potentially benefit your business but also how to implement them efficiently for the best results with the provided reference architecture.
- The collaborative feature of SAP Discovery Center is very important. Knowledge and experiences are shared, thus enhancing productivity and enabling synergy. You can see which existing SAP customers have already implemented the use case of your interest and connect with SAP experts if you have any questions on the Mission.
Using SAP Discovery Center means you’re leveraging not just a tool but a collaborative platform that guides innovation, encourages learning, and boosts efficiency. Make sure you're tuned in for the XP180 | Get started with SAP BTP: Discover and accelerate with SAP Discovery Center session by Nis Boy Naeve and Ingo Deck from SAP Discovery Center team to learn more.
What else can I do with SAP Business Technology Platform?
If you are interested in understanding further what SAP Business Technology Platform can do for your business, check out our comprehensive use case one-pager. The document is designed to provide a clear outline of how SAP BTP can be utilized to enhance your business operations, per your department. Grasping the use cases will allow your business to leverage SAP BTP effectively to drive business performance and inform your strategy, discover new potential, and maximize your technology investment with our SAP BTP use case one-pager. Don’t forget to also check out SAP Business Technology Platform use cases on the website.
You can read further on the SAP Business Technology Platform Priority Use Case One-Pager on this blog article.
Get ready for SAP TechEd 2024
I hope this got you excited about SAP TechEd 2024. Don't miss this opportunity to be part of a transformative event, and make sure to register for the keynote session with Muhammad Alam. Register now to secure your spot, and add the following recommended sessions to your agenda.
- DT100 | Unlocking the intelligent enterprise: Cloud ERP innovations for the future
- DA180 | Explore SAP Datasphere and SAP Analytics Cloud end to end
- IN103 | Modernize and elevate to the cloud with SAP Integration Suite
- XP206 | Achieve enterprise automation with SAP BTP solutions and SAP Signavio
- AI194 | SAP Business AI and Joule: What’s in it for innovators?
- XP180 | Get started with SAP BTP: Discover and accelerate with SAP Discovery Center
We look forward to connecting with you!
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