The Future of Finance A Technology Driven Transformation Kai Finck, Senior Vice President, Office of the CFO Solutions, SAP SE September, 11th 2014 Today’s Volatile World Needs Strong CFOs Business Partner CFO Steward © 2014 SAP SE or an SAP affiliate company. All rights reserved. 2 2 Strong CFOs Transform Their Organizations Stakeholder Needs Regulatory Internal Controls Compliance Risk Management Data Governance Report Information Self Service Generation Strategic Advisory Global Processes Manual local Collaboration Processes Service Quality © 2014 SAP SE or an SAP affiliate company. All rights reserved. 3 3 Real Time – Paradigm for a Volatile World ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. 44 Our Private Lives Happen in Real Time ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. 55 Today’s Barriers Legacy platforms and ‘Slow pedaling’ Need to understand ‘silo’ applications business applications the ‘art of the possible’ 40% 25% 70% of IT managers required of LoB end users indicate that of effort in analytics is more than two days to faster access to information preparing data for analysis prepare financial data for would have a significant monthly reporting impact on their organization ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. 66 Adaptive Finance for a Volatile World Engage with the business to jointly drive value, based on real-time analysis of financial and operational business scenarios. Optimize finance processes for efficient and collaborative relationships with customers, suppliers, banks, and government authorities. Maintain global regulatory compliance and controls of accounting and tax standards, across currencies, languages and industries. ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. 77 Do You Understand the Art of the Possible? Financial Planning and Accounting and Treasury and Financial Collaborative Enterprise Risk Analysis Financial Close Risk Management Finance Operations and Compliance Management Develop and Translate Payments and Bank Enterprise Governance, Accounting Receivables Management Strategy Communications Risk, and Compliance Planning, Budgeting and Cash and Liquidity Collaborative Entity Close Access Risk Management Forecasting Management Invoice to Pay Profitability and Cost Debt and Investment Corporate Close Travel Management Global Trade Compliance Analysis Management Financial Risk Shared Services Monitoring and Reporting Reporting and Disclosure Sustainability Reporting Management Framework Financial Close Commodity Risk Governance Management ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. Public 88 A History of Real-time Innovations From SAP R/1 to SAP HANA Mobile NetWeaver SAP HANA Cloud mySAP.com R/3 Analytics client/server Industry Solutions R/2 Business Suite mainframe R/1 1972 1979 1992 1999/2000 2004 2012+ Companies adapt to Software adapts to Software centers technology technology around people ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. Public 99 “ 14 years after R/3, what would an finance system look like if we start from scratch? Hasso Plattner Institute, Potsdam 2007 ” ©© 22001144 SSAAPP SSEE oorr aann SSAAPP aaffffiilliiaattee ccoommppaannyy.. AAllll rriigghhttss rreesseerrvveedd.. Public 101100