Watch the keynote by Thack Brown, Senior Vice President, General Manager and Global Head Line of Business Finance, SAP, presented at the Financials and GRC 2015 conferences in Las Vegas.
Thack Brown shared SAP’s vision for the future for finance, and new models to manage the rapid pace of market, technology, and regulatory change.
In this presentation, Brown introduces SAP Simple Finance and what SAP means when it refers to the “perfect enterprise,” and SAP's vision for Finance with SAP HANA and SAP S/4HANA (33:30). He also highlights what makes Simple Finance "simple" (43:00): "It's not that we made finance simple. But what we're looking at is...current architectures and the complexities...that make the finance job more difficult than it needs to be. It's simplifying the architecture, and it's bringing you real-time analysis, real-time ability to run your processes, so that you can do the business that you need to do, and not spend your time on unnecessary reconciliations, ... trying to piece data together, trying to find out what the source of the truth is."
The keynote also included demos of:
- SAP Simple Finance dashboards (45:00)
- SAP Cloud for Planning (56:30)
- SAP Cash Management (1:05:00) applications
- Enterprise Risk Report (1:11:50), a risk management component in SAP Simple Finance
Joining the keynote were panelists Celina Rogers of CFO Magazine and William McNee of Saugatuck Research (14:20-33:00), with recent research results on finance solution needs and how finance is evaluating and preparing for the cloud.
Final remarks (1:13:30) from Brown and Rogers focus on how technology now enables finance to be a strategic force in the business. McNee addressed the ever-looming question of cloud security: “Security is such an important issue, but… when you hear about [recent] security breaches…those are on-prem problems.”
McNee's final words on measuring the benefits of moving to the cloud: “Don’t do it just for the money... Of course it should save money, but it’s not about cost… It’s about doing things better, it’s about flexibility, it’s about adaptability.”