SAP Solution: Finance

AI assistant Joule understands business context and is directly integrated into enterprise business critical process solutions

Digitization is taking hold in all business areas and is being driven forward massively in most industries. There is a need to catch up in this respect in the financial organization, where too little has been invested in automation in recent years.

Machine learning (ML) is one of the most promising approaches to using artificial intelligence in the enterprise. But so far, almost nine out of ten projects fail before go-live. With DevOps and ML-Ops, this trend can be reversed.

SAP has hit the mark: Leonardo as a name for a framework for digital transformation is perfect. Leonardo da Vinci was an Italian painter, sculptor, architect, anatomist, mechanic, engineer and natural philosopher. He is considered one of the most famous polymaths of all time.

SAP has unveiled a new application, Asset Strategy and Performance Management. This is designed to give companies access to a wide range of asset information from their digital logistics chain.

The robots are coming - at least in the form of semi-autonomous programs that further automate ERP business processes. One possible result: SAP's ERP suite S/7 and S/4 lose their luster and attractiveness.

The aviation company Diehl Aerospace has set up a new customer support center in Singapore. This required a dedicated IT environment. New processes had to be defined and a suitable SAP template designed and rolled out within just seven months.

E-3 Round Table with Petra Ellmerich, Regional Vice President at BlackLine, Reimund H. Kuche, Head of Corporate Accounting at Imperial Logistics International, Dr. Christoph Ernst, Senior Director Finance Solutions at SAP, and Martin Wolleswinkel, Managing Director and European Advisory Practice Leader at The Hackett Group.

Hirschmann Automotive standardized and unified the SAP printing processes with the output management solution PrinTaurus and UniSpool from AKI. A significant increase in transparency and high stability of the printing processes were achieved.

What do you know about your procurement processes? Do you have everything in view and accessible? Are the compliance requirements in the company fulfilled? Answers are provided by an electronic transaction file solution with comprehensive integration of functions, releases and process-relevant documents.

Is S/4 Hana Finance the basis for a paradigm shift in finance and controlling?

Accounting and controlling have been core competencies of SAP since R/2. With S/4 Finance, they have once again proven their worth. And yet there are necessary additions for Enhanced Finance Controls and Automation as well as Financial Corporate Performance Management.