Blockchain Ireland Week 2023
Next Gen Finance ERP projects require a new approach to process re-engineering, solution deployment and change management. Mastering the transformation of ERP Finance while maintaining necessary functionality is fundamental to adapting with speed, agility and simplicity while engaging stakeholders.
As companies experience a significant transformation, the role of the CFO has become increasingly involved in the most strategic decisions of the organization.
Business excellence, planning uncertainties, cash forecasting and liquidity management, maintaining the quality of financial data and the need to be agile within the organization and to embrace technological innovations: these are all challenges that the CFO must respond to by managing its IS master plan.
The finance IS architecture must support CFO's challenges regarding financial performance: simplify accounting closing, accelerate reporting and consolidation, and improve budget management. Data reliability is therefore essential if your Finance IS is to be a real decision-making tool.
Cloud ERP has emerged as a real driver for Finance IS optimization, providing an information system mainly based on standard functionalities supplemented by Best of Breed solutions that address your specific business requirements.
This refocusing on the ERP standards allows you to streamline your investments, provide you with real-time reliable data, automate low-value-added tasks, and manage your end-to-end transactional processes in dedicated building blocks (within the ERP or external): P2P, O2C, R2R...
We have adopted an approach that focuses on the following points to support you in the transformation of your Finance IS architecture and to guarantee its scalability:
Challenge the business vision: brainstorm with you over your business evolution, new business models, major consumer trends and identify the resulting impacts on your operating model, providing you with benchmarks on what we observe from our clients.
Shed light on solutions: provide benchmark elements against the diversity of market products, while considering the real IS transformation drivers (automation, Machine learning, Data Science ...) that will meet your business challenges.
Build the optimal IS scenario: build a consistent approach to your IS and technological strategy by recommending high level scenarios to be investigated in a second phase.
At Sia Partners, we have implemented acceleration tools to meet your optimization needs and facilitate your chosen architecture roll-out: