The convergence of Transactional Processing and Analytics: How SAP S/4HANA Finance Transforms the Financial Reporting and Analytics Landscape

The digital economy has changed the game rule for Finance Departments and CFO’s of today’s organizations. Information is now required on real-time basis and has to be provided real-time, because management has to keep pace with the constantly changing business environment. The digital world has made it easy for customers to be aware of the alternatives out there, and what your competitors are offering and thereby making them more exacting in their expectations.

Consequently, “boards are increasingly focused on digital strategy and are looking to technology and finance leaders to help them understand what the digital developments and wider megatrends mean for their businesses and develop the strategies needed to respond”. (PWC 2015).

The digital revolution is radically changing finance and creating a world that is hyper-connected, with continues innovations constantly disrupting temporary status quos and challenging conventional wisdom. These technological break-through are challenging the traditional boundaries and the hitherto comfort zone that have “held finance back and allowing a complete reinvention of the profession”. For Finance Teams, it is no longer business as usual.

In this week’s post, we discussed how the emergence of the SAP S/4 HANA Finance is helping the Finance Departments and the CFO’s navigate through and keep pace with all these changes that are constantly being introduced in the business world at extraordinary speed and with so much disruptive power, by being able to process, report and analyse information real-time.

https://sapgurus.com/convergence-transactional-processing-analytics-sap-s4hana-finance-transforms-financial-reporting-analytics-landscape/