CFOs as drivers of value creation
Digital Finance Transformation with S/4HANA
The CFO and the finance team continues to gain more and more importance within companies. In a highly volatile economic environment with increasing global competition, the need for high-quality planning, budgeting, forecasting and negotiation is growing. In addition, a stronger involvement of the finance organisation in the development and design of strategies and especially in the S/4HANA transformation is necessary. This makes CFO’s and their teams the architects of value creation for companies. The finance function must face three key challenges in particular: Better cost control, focus on new growth and sustainability. With our KPS Finance Assets, we support the CFO and their team in the finance transformation process and develop a finance solution together.
More about KPS Financial Assets
Whitepaper 'CFO Agenda 2030'
Your consultation with KPS financial experts
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of CFOs perceive the transformation of the business as the key challenge
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prioritise this topic on their CFO agenda
Become a part of the 20%
From Strategy to Solution
The digital finance transformation has only just began, and the future has not yet been defined. We’re still asking ourselves, how will finance be successfully transferred to the digital future with SAP S/4HANA?
KPS have developed a 5-step approach “From Strategy to Solution” which supports the customer throughout the finance transformation phases with customised services and technical solutions.
1. Strategy
This is where we develop our “Digital Roadmap”. Taking in consideration priorities, value contributions, content and timings we build a S/4HANA finance transformation plan for the next few years.
2. Organisation
Based on the client’s requirements and the future process landscape, we develop the operating model for the finance division and evaluate whether the use of centres of competence, a reporting factory or shared services makes economic sense and is necessary for the future viability of the company.
3. Employees
Derived from the organisation, we define the requirement profiles for the employees. New tasks, changed or eliminated processes as well as new technologies require new skills of the employees and thus have an influence on recruiting and personnel development. With training, we ensure that all employees can also use these effectively and efficiently.
4. Processes
With effectiveness and efficiency based on our best practice processes, we optimise and standardise your existing process. As part of the optimisation, we leverage existing automation potential in your S/4HANA finance transformation, using smart technologies that increase efficiency and bring measurable added value.
5. Technology
With digital at the core of KPS, we implement customised industry-specific solutions using SAP S/4HANA. Within just a few weeks, we can build a fully functional ERP solution that will form the core for all further digitisation initiatives of your finance transformation.
Giving finance a new role
Digital technologies are helping finance take on a new role within businesses, breaking down traditional work processes, driving employee change and providing new insights .
Quick planning & forecasting
Generate business value through real-time data analysis and the use of artificial intelligence to simulate and evaluate new business models.
Automated processing
Use digital technologies to automate manual steps, making efficient use of capital and reducing operating costs.
Intelligent financial reporting
New reporting and analytics for all with access to real-time data, giving you instant insight - anytime, anywhere.
Financial talent development
Modern user experience and improved automation in almost all areas eliminates admin-heavy activities so that time can be invested more into the tasks that will add value to the company.
Faster completions
Period-end processes can run on a daily basis, providing a real-time view of the P&L. Giving you live visibility of trends, and puts you in the perfect position to make quick restorative decisions.
Mobilisation
User-centric applications delivered on mobile devices (e.g. smartphones, tablets, wearables) that improve productivity and employee experience.
With the KPS Instant Interface, we can process files from a wide range of service providers through a single interface. Although hundreds of business logics need to be applied, the solution is simple and easy to maintain. This gives us the flexibility we need in our rapidly evolving business environment.
CFO Agenda 2030
With our passion for finance, accounting and technology, we are the right partner for the digital finance transformation with SAP S/4HANA, delivering solutions end-to-end from strategy to technical implementation.
Shaping the financial organisation of the future with KPS
The digital transformation is also causing a role shift and an expansion of competences in the finance organisation. In addition to the original tasks of the finance function, the CFO and his or her department are increasingly seen in the role of a driving force for value creation in the company and thus also as a driver of digitalisation. In order to successfully shape the transformation of the finance function, KPS has launched the CFO Agenda 2030 with a tangible roadmap for shaping a future-proof finance organisation.
Learn more in our whitepaper:
- Which new challenges the CFO and the financial organisation have to face,
- what leads to a stalemate in finance transformation for many CFOs
- and how KPS’ 5-step approach “from strategy to solution” helps you to shape the transformation of the finance function
We create the ideal conditions for your company
We would be happy to advise you on your upcoming financial transformation!
Eric Niedling
Associate Partner
Data & Analytics Strategies, Project Management
Axel Beck
Partner KPS
Expert for Finance & Information Management
Hartmut Schmidt
Managing Partner KPS
Analysis and planning of financial transformations with S/4HANA
Max Jacobfeuerborn
Associate Partner
Expert for Finance Processes & Analytics
René Kuhr
Partner KPS
Expert for Finance Processes & Analytics
Feel free to contact us! We are available to answer your questions on site or via live streaming.
René Kuhr
Partner KPS
Expert for Finance Processes & Analytics
