SAP Solution: CFO

Sustainable growth in corporate IT requires more than just cost reductions - it requires strategic ERP management. SAP Gold Partner LeverX is convinced that modern companies must continuously question their ERP strategies in order to remain agile.

Processes such as supply chains, warehousing, operations, trading, reporting, manufacturing, human resources, and especially finance converge in the central ERP like nerve cords in a brain. Ergo, companies strive to maintain this core tool, keeping it up to date and transforming it to a new level when necessary.

SAP's authorization concept has been a challenge for the SAP Basis team since the beginning, because it has to be done quickly at the beginning of customizing and downstream no one wants to maintain the roles and authorizations.

Let me first go on record as saying that I believe most CFOs are great characters. They are responsible and precise in their attention to detail. They are also, for the most part, much friendlier and more outgoing than many might think.

Valid financial figures and realistic forecasts are a top priority for companies. If you want to meet this demand, you have to establish end-to-end processes and ensure that everything meshes when it comes to automation.

Using innovative technologies, insights are derived from data in real time. To fulfill his new role, the CFO needs better data understanding and data access.

The cover of Harvard Business Manager read: Can you be a CEO? A particularly relevant question in the SAP community. Since CEO Professor Henning Kagermann, many people have taken the CEO chair, sometimes in pairs.

SAP is managed excellently by Christian Klein and his colleagues on the Executive Board. However, accents and milestones are not set by the SAP Executive Board. The presentation of Hana and the current ERP version was ten years ago. SAP does not need officialdom, it needs leadership.

A Chief Financial Officer today wears a variety of hats - and not all of them have to do with pure numbers. Companies still have to plan and weigh the benefits against the risks for all transactions.

Consolidation makes way for integrated group accounting. Best-in-class companies are investing in new areas such as ESG and advanced analytics.

A new risk category is establishing itself. Many companies are increasingly required to report on the sustainability of their operating business and financial assets. What does this mean for your SAP system landscape?

Companies around the world are required to make the right decisions quickly. The challenge here is to receive prepared data from the ERP system at any time.