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Updates from the Financials Keynote address in Amsterdam

by Allison Martin

June 8, 2011

As I sat in the Financials 2011 keynote address this morning, I found myself wondering how does a company go about planning out their finance transformation project and what kind of positive results have companies who have completed such a project experienced? And finally, what solutions does SAP have to support this type of initiative?

Martin Narashewski, Vice President of Finance Solutions at SAP and Phil Scrivener, Senior Director European Advisory at The Hackett Group were able to really address these questions in this morning’s keynote address.

Phil Scrivener gave a great view into some of The Hackett Group’s recent research findings and how other companies have overcome the complexity of a finance transformation project, how they have fit a finance transformation project into their overall business strategy and completed the project with fewer resources. With updated policies, processes, and technologies, it is now possible to deliver the most value through transformation, and balancing technology capabilities with business needs.

Martin outlined SAP’s new offerings in the financials space, and also talked about how these solutions fit into the “new” world of finance. All organization’s have different needs in terms of their transformation project, but at the same time face a lot of the same challenges regardless of the industry or type of company.  SAP’s finance solutions offer a number of capabilities including a faster time to close, scorecards, reporting options, and much more. We saw a fantastic demo which illustrated how to use some of these solutions on the ipad. As Martin mentioned, it’s all about having the right access to the right information when you need it. One example of how SAP has stepped up their game is its updated business analytics applications and how they work on mobile devices, which we saw during the keynote. You can take it beyond just getting a scorecard of your data and instead you can view a complete end-to-end scenario on your mobile device. Something we haven’t seen before.

That’s all from Amsterdam.  I hope everyone who attended the keynote enjoyed it as much as I did.

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