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SAP Analytics
Thought Leadership

The Impact of Covid-19 on the role of the Group Financial Controller

Posted by David Jones on Wed, Oct 28, 2020 @ 08:10 AM

On September 29th Column5 hosted a quarterly meeting of the UK100 Group Financial Controllers (GFC) forum on the web. This is a quarterly meeting that Column5 hosts to give GFC’s from the UK’s largest listed Companies opportunity to hear from experts about topics of mutual interest, network and share experiences. This meeting was to understand how Covid-19 was impacting their role as GFC’s, how well prepared they felt when the lock-down arrived in late March 2020 and what they plan to change going forward, particularly given the likelihood of more home working over the next 6 months due to Covid-19, and whether there will be permanent changes to their role as GFC going forward. 

Key Take-Aways: 

Key elements of the discussions are set out below and make an interesting read, but everyone agreed that the key points to take away were: 

Topics: Financial Close, Financial Information Management, User Experience

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A Great Financial Consolidation Solution for Statutory and Regulatory Reporting in Complex Multinational Organisations

Posted by Paul Coleman on Tue, Feb 16, 2016 @ 09:02 AM
A_Great_Financial_Consolidation_Solution_for_Statutory_and_Regulatory_Reporting_in_Complex_Multinational_Organisations.png

SAP has a portfolio of Consolidation solutions with their own unique positioning and the SAP Financial Consolidation (FC) software is an enterprise solution offered to companies looking to improve and speed up their financial close – without sacrificing quality control and compliance.

FC became part of the SAP EPM portfolio through the acquisition of BusinessObjects in 2007.  BusinessObjects itself acquired the French software vendor Cartesis who originally marketed Financial Consolidation as Cartesis Magnitude.  With a large and loyal customer base throughout Europe and Japan, FC has a particularly strong focus on statutory consolidation requirements within large multinational organisations that have complex and evolving corporate structures across multiple reporting standards (e.g. IFRS and local GAAP).

Topics: Best Practices, Analytics, Consolidation, Financial Close, Value

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What’s the ROI of Your BPC Implementation?

Posted by Rick Bryant on Wed, Oct 22, 2014 @ 14:10 PM

“Is our BPC implementation working well?  How are competitors using the same software?  What are the best practices?  What is the ROI?”

Topics: Center of Excellence, Thought Leadership, Enterprise Performance Management (EPM), Financial Close, Value, BPC (Business Planning & Consolidation)

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Budget and Forecast – Are They The Same?

Posted by Martin Lloyd on Mon, Feb 03, 2014 @ 09:02 AM

When we report on actual data we are clear what we are looking at: the data will have been taken from our transaction systems and will have been produced in agreement with generally accepted accounting standards.  It will represent the actual performance of the organisation. But when we look at budget or forecast data are we as clear what the data represents?

Topics: Center of Excellence, Thought Leadership, Financial Close, BPC (Business Planning & Consolidation), Forecasting

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BPC Heaven vs. Excel Hell

Posted by Rick Bryant on Fri, Jan 24, 2014 @ 09:01 AM

Way back in 2009 while I was working in the EPM practice at SAP I routinely cited a Gartner survey stating that 70% of organizations still relied on spreadsheets for their budgeting, planning and forecasting processes when speaking with customers or at events. Fast forward four years to 2013 and amazingly a new Aberdeen study found that a whopping 89% of organizations use spreadsheets for these processes! What gives? We've all heard over and over about the pitfalls of using spreadsheets for these processes, often referred to as “Excel Hell”.  The bottom line is that business users love spreadsheets for their ease of use and flexibility.  So how do we let business users continue to use their tool of choice AND have the qualities of a planning system such as security, workflow, common formulas and logic, a single source of data, multi-dimensional analysis, etc.?

Topics: Center of Excellence, Enterprise Performance Management (EPM), Analytics, Financial Close, Implementation, BPC (Business Planning & Consolidation)

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