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Better Data, Better Decisions: How to Capitalize on Market Opportunity

by Rick Cobb | SAPinsider, Volume 15, Issue 2

April 1, 2014

With the right IT environment, executives can achieve new and better outcomes that include time and cost savings, more opportune decision-making capabilities, and more time spent pursuing and closing business, rather than simply closing books. This article looks at how financials solutions from SAP provide a holistic view of what is happening within the business at a given moment, and how to ensure a successful implementation.
 

As CFOs and other financial executives continue to face market challenges — including industry regulations, budget issues, and fragile economies — leaders are reassessing their strategies and refocusing their efforts to capitalize on growth opportunities. While many financial professionals focus on protecting against downside, Deloitte found that CFOs are prioritizing offense over defense — pursuing opportunities for revenue over cost and investment over saving — to mitigate risks such as margin pressures and organizational business execution1.

The business case for a comprehensive enterprise IT solution is more compelling than ever. Current enterprise solutions drive overarching business outcomes by streamlining operational functions, prioritizing data processing and analysis, and delivering real-time feedback. As a result, executives can achieve new and better outcomes that include time and cost savings, more opportune decision-making capabilities, and more time spent pursuing and closing business, rather than simply closing books.

Specifically for CFOs, an ideal IT environment improves finance operations, provides a greater understanding of growth drivers, and allows the automation of processes. When a business acquires another company, for example, seamless integration without adding new headcount leads to increased productivity. In addition, a business can shorten its cycle time and make better decisions by focusing on analysis and adjustments. A recent Gartner study revealed not only that business intelligence (BI) and analytics investments address many technology gaps for the CFO, but also that the facilitation of analysis and decision making is the core business process area that most needs investment2.

Executives can achieve new and better outcomes that include time and cost savings, more opportune decision-making capabilities, and more time spent pursuing and closing business, rather than simply closing books.

A Holistic View of Your Company

Financials solutions from SAP provide the speed, accuracy, and mandates to embolden finance departments and executives to make timely and sound decisions, ensure compliance, and safeguard enterprise-wide trust. Successful organizations understand the direct, tangible value of a strong IT infrastructure and applications to support business operations.

With rapid information and continuous data reporting tools, SAP solutions ensure the CFO and broader organization have a holistic view of what is happening within the business at any moment for faster, more
informed decision making. It is essential to partner with an experienced company that has deep knowledge of business and IT complexities and a track record of successful implementations. 

itelligence delivers integrated SAP solutions globally and has successfully completed thousands of deployments across all industries and landscapes. With proven experience in SAP Business Suite applications and process design and delivery, itelligence is equipped to arm organizations with these tools across combined SAP and non-SAP landscapes. Because each organization has a unique model and different IT ecosystems, itelligence works with the organization’s internal team to create a specific roadmap for the
installation project. 

Capitalize on Market Opportunities with a Proactive Approach

Now is the time for CFOs to better position their organizations to remain competitive in a difficult economic climate, and to ensure that their companies can capture profit and scale regardless of external challenges. By choosing the power of SAP systems delivered by itelligence, CFOs and financial departments can implement a proactive design-making approach across the organization to maximize profitability and capitalize on market opportunities. To learn more, visit www.itelligencegroup.com.

1 Deloitte, “CFO Signals: 2013 Q4 Results” (January 2014; http://bit.ly/1kTKpeq). [back]

2 Gartner and FEI, “2013 Gartner Financial Executives International (FEI) CFO Technology Study” (May 2013; www.gartner.com/newsroom/id/2488616). [back]

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Rick Cobb
Rick Cobb

Senior Vice President
itelligence, Inc.



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