Page 3 - eBook-Expense-Management-with-S4HANA-Cloud_V2
P. 3
OVERVIEW
As part of our ongoing series on Financial Transformation, this eBook provides an in-depth look at how the SAP Digital
Core and native SAP applications can be leveraged to integrate and streamline the tasks involved with employee set-up
and expense management.
In addition to an overview of Financial Transformation goals, opportunities and enabling technologies, this eBook
provides a step-by-step use-case example of how S/4HANA Cloud, along with SuccessFactors human resources and
Concur expense management applications can work together to improve speed, efficiency and integration.
Financial Transformation: Driving Forces and Goals
Corporate finance professionals face many challenges that are addressed by Financial Transformation.
They need to reduce the amount of time spent on inefficient processes, empower users with simple to use solutions,
streamline overall operational end-to-end business processes and improve timeliness and accuracy of financial
information.
Most conventional finance management technologies have developed to serve specific “stovepipe” functions and
therefore lack native capabilities for cross-integration between applications.
Some of the chronic problems that arise from these limitations include:
Inefficient Inability to Lack of support Dependence on Loss of Lack of
separation of accurately to business IT staff for productivity due to automatic
analytical aggregate transformation creating users juggling reconciliation
capabilities and disparate data for initiatives specialized and multiple systems capabilities
transaction data decision-making ad hoc reports and data sources
Because of these issues, most companies are forced to spend an inordinate amount of time coping with mundane but
necessary challenges such as “keeping the lights on” and juggling data sources just to keep their head above water.
Industry surveys indicate that 70 to 80 percent of time is typically spent on such problems. A key goal of Financial
Transformation is to shift the balance in favor of spending less time on these non-productive activities and more time on
driving business innovation.
3 Copyright © 2018 Bramasol Inc. www.bramasol.com
