Finance & Procurement Special Interest Group

The purpose:

Today the business world has changed and the pace at which business is accelerating is increasing exponentially which is a trend that is sure to only continue.  New challenges for CFO’s igniting this accelerating pace of business can be broken down into 2 key area Business Trends and Technology Trends:

Business Trends:

  1. Business Complexity - Volatility in markets, commodity prices, stocks, new regulations other global macro-economic conditions
  2. Global Growth Initiatives- Increasing globalization than will mean better corporate management across diverse cultures
  3. Cost of Finance – Increasing pressure to do more with less.  CFO’s are challenged to create significantly more business value but do it much more efficiently with less resources

Technology Trends:

  1. Big Data – The emergence of Big Data there is growing pressure on the finance team to produce more analytics, reports and information across the enterprise faster and easier than ever before
  2. Millennial Work style – Growing expectation to utilize social networking and mobility that we’ve grown accustomed to in our personal computing lives to also be leveraged within our everyday activities in our professional lives
  3. Innovation adoption – Accelerated requirements to adopt new technologies such as in-memory computing, cloud and other innovations to further create efficiencies and enhance the finance function’s strategic value across the enterprise.    

Topics covered – S/4 HANA Finance, BW/4 HANA, Line of Business Finance ( Accounts Payable  and receivables ), Business Planning & Consolidation , Profitability Management , Treasury and Risk Management. Group Risk & Compliance.