By Cedric Read Hans-Dieter Scheuermann The mySAP Financials Team
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Through the process your day, you most likely had many discussions with people—two, 5, ten, fifty. we'd label those discussions “conversations,” yet in spite of everything, what did you actually discuss? in reality that the majority folks move weeks with no need significant conversations, or immense talks, with an individual.
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Extra info for CFO as Business Integrator
The acquired company’s software was relatively inexpensive but highly standardized. The challenge: merging a global centralized ERP system with the acquired company’s decentralized, entrepreneurial approach to systems. The combined group’s board reﬂected these cultural differences. The board members from the ﬁrst company remained ﬁrmly committed to SAP for manufacturing, and for the time being it was agreed that the strategy of putting SAP into high-priority sites would continue. But this decision was only temporary.
The CIO came up with two complimentary solutions: • Solution A The integration hub – a reduced number of interfaces between the ERPs using the integration middleware. The advantages: reduced complexity, easier maintenance, lower cost, but this treated the symptoms, not the cause. The disadvantages: duplication of applications and data. This would lead to extra conﬁguration and set-up, extra maintenance and extra ﬁnance processing. • Solution B The unbundling – creating one standard data repository and unbundling the processes in each of the ERPs.
We end with an epilogue – with a glimpse of the ﬁnance function of the future! 001-025 FIN 17/1/03 1:39 pm Page 25 CFO Checklist CFO CHECKLIST LEVERAGE YOUR ERP INVESTMENT Consider the beneﬁts case for your beyond ERP environment. Unravel your systems spaghetti. Rethink, regroup, and recut your ﬁnance functions. Design your new “Beyond ERP” architecture. STREAMLINE THE FINANCIAL SUPPLY CHAIN Understand the hidden costs of your existing ﬁnancial supply chain inefﬁciencies and exceptions. Focus on savings; plan to reduce working capital needs by as much as 25%.
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