Spon­sored by: OpenText

Cor­po­rate Finance is the com­bi­na­tion of direct finan­cial staff func­tions such as the cre­ation of a jour­nal entry, and indi­rect oper­a­tional trans­ac­tions such as main­te­nance activ­i­ty. In Finance, much of the sup­port­ing doc­u­men­ta­tion for both direct and indi­rect trans­ac­tions is still paper-based. Some stud­ies say approx­i­mate­ly 80% of doc­u­men­ta­tion is paper. Whether finan­cial or oper­a­tional staff, the time expend­ed to review for accu­ra­cy and com­plete­ness is sig­nif­i­cant and open to errors in finan­cial postings.

In order to imple­ment a suc­cess­ful dig­i­tal finan­cial trans­for­ma­tion, a dig­i­tal con­tent plat­form is manda­to­ry. A suc­cess­ful dig­i­tal plat­form must address the abil­i­ty to dig­i­tize, uti­lize, deliv­er and con­trol con­tent. The SAP land­scape has changed from sin­gle mono­lith­ic appli­ca­tions to dis­trib­uted, pur­pose­ful appli­ca­tions in a hybrid archi­tec­ture. These appli­ca­tions relat­ed to direct and indi­rect finan­cial trans­ac­tions are based on con­tent trans­formed into information. 

Dig­i­ti­za­tion of infor­ma­tion elim­i­nates man­u­al entry there­by improv­ing pro­duc­tiv­i­ty, dig­i­tal uti­liza­tion ensures opti­mal pro­cess­ing, dig­i­tal deliv­ery pro­vides intel­li­gent facts from across the enter­prise and con­trol reduces the risk of errors or fraud. With­in an intel­li­gent enter­prise based on a dig­i­tal con­tent plat­form —  finan­cial records and cor­re­spond­ing deci­sion based are quick, accu­rate, con­sis­tent and risk-averse.

In the future, with more con­nect­ed appli­ca­tions and devices, con­tent will change from sim­ple doc­u­ments to com­po­nen­tized and rich con­tent deliv­ered in real time. Uti­liza­tion of a dig­i­tal con­tent plat­form sup­ports SAP cus­tomers tran­si­tion to intel­li­gent and con­nect­ed enterprises.

In this ses­sion, learn how Open­Text and SAP work­ing togeth­er deliv­er a dig­i­tal con­tent plat­form that dri­ves direct and indi­rect finan­cial val­ue cre­ation in the intel­li­gent enterprise!

Speak­er:

Tom Walk­er, Senior Pro­gram Man­ag­er, SAP Finance Cen­ter of Excel­lence, Open­Text