SAP SIMPLE FINANCE on HANA with Infosys Simplify your finance function with our state-of-the-art finance and HANA capabilities
Faster, smarter, simpler –– Get the most out of SAP Simple Finance on HANA
Challenges faced by the finance function New financial regulations across the globe
That’s why it is of the utmost importance to
best finance software in the marketplace:
are necessitating change. This, coupled
let Infosys empower your business with the
SAP’s new Simple Finance suite on HANA.
with the need for lightning fast financial reporting has created an enormous opportunity for savvy enterprises. The traditional siloed finance accountant
Performance improvement
who is out of touch with the day-to-day
Real-time Reporting
operations of a large-scale organization, is a thing of the past. The future is the
Highest granularity for more flexibility
connected enterprise with enterprisewide information available at the finance department’s fingertips.
Simplification
Simple Finance on HANA
The world of data is changing swiftly
Integration with SAP Fiori Apps (mobility)
Single source of truth
and financial operations must deal with enormous amounts of data processed at higher speeds. There is then the granularity
Futureproofed solution
of the data, and not to mention the flexibility required in reporting. Against this backdrop, entire set of processes that deal
Figure: SAP Simple Finance addresses today’s business challenges, forming the future and setting a new trend toward simplification
with closing financial transactions have necessitated faster closing and reporting.
The Infosys solution for Simple Finance The Infosys Simple Finance solution is
as Instant Fiori, Account-based COPA
significantly reduce the implementation
preconfigured and tailored to deliver
Designer for profitability, and deployment
timeline by up to 30% and unlock the
maximum value for your investments. The
architecture options tailored to suit your
complete potential of Simple Finance.
solution leverages SAP rapid deployment
unique needs. It can be hosted on a private
along with Infosys proprietary tools such
cloud or on-premise, an approach that will
Preconfigured Finance Preconfigured and fully tested FICO solution integrated for multiple industries enables rapid deployment of Finance modules leveraging SAP RDS and our industry solutions
SFIN deployment Infosys SFIN architecture options leverages our experience with clients across diverse industries tailored per your organization with minimal disruption to your existing IT infrastructure. It supports centralized as well as decentralized implementation with multiple SAP and non-SAP ERPs
Instant Fiori Rapid implementation of over 100 analytical and transactional apps enabled using your organization structure and master data with zero development effort
COPA Migrator Our Account-based COPA Designer (ABCD) enables rapid migration to new account-based COPA enabling accelerated deployment of Simple Finance
Private cloud/on-premise deployment Infosys provides option of hosting the infrastructure on private cloud with our partner Virtuestream, or on-premise
External Document © 2015 Infosys Limited
Typical Simple Finance implementation Prep Prep
Design and prototype Demo and Design
Realization
Realize
Test
Testing
Cut over and go live
Cut over and go live
Reduction
Simple Finance implementation with Infosys Solution components of Infosys Simple Finance offering CFO dashboard Accounting on Cash management /SAP smart business HANA on HANA cockpit on Fiori Account-based COPA
New asset accounting
Fiori Transactional apps
Central Finance
Real-time Intercompany reconciliation
Integrated business planning on HANA
Finance integration architecture
Fast closing on HANA
Excel-based interactive reporting
How can your organization benefit from Simple Finance on HANA? In this competitive marketplace, speed
architecture also eliminates data
instant insights anytime, anywhere, they’re
matters. Simple Finance users will
redundancy, thus reducing the data size
able to make more nimble decisions that
experience much greater execution speeds,
of your organization to a fraction of what
affect the overall strategy of the enterprise.
in some cases, even a thousand times
is needed today. The new user interface
faster than normal. It removes bottlenecks
tools such as Fiori, office analysis Excel
from closing processes, eliminates time
will revolutionize user experience. All
and effort needed for reconciliations, and
these translate into one main advantage:
provides real-time business performance
business value. When finance departments
information to stakeholders. The new
and CFOs receive reliable and consistent
4000%
1 250%
10% Initial run-time for closing process
1000%
Custom Report
Inbound Idoc
FX revaluation
3
4
Regrouping
Reporting/ Consolidation preparation Initial run-time for closing process
50%
2000%
ECC 6.0
2
CO/FI allocations
100%
Line Item Report
Based on customer validations for Simple Finance, instant improvements were observed in operational performance as well as closing processes which were seen to be 5X faster than before. Below are some of the results:
Outboud Interface Batch Processing
Simple Finance
Further optimized
Figure: Comparison of run-time for general ledger reports and processing enabled by Simple Finance
10%
1% 20%
Optimized closing 20%
Simple Finance is reducing the run-time of a close and can significantly simplify the overall close process and make it faster by 5X
Figure: Substantial reduction in closing time realized during customer validation program accompanied by Infosys
How Infosys can unlock value for your business With the Infosys offering, you can realize
also collaborating across industries to
these benefits faster. Why? We have
develop business cases for Simple Finance
30% faster. Therefore, we are uniquely positioned to lead your organization into
worked with Simple Finance on HANA, in
implementation.
the next era of finance transformation.
Together with our expertise in financial management, deep expertise in SAP, Simple Finance accelerators, and a team of highly skilled Simple Finance experts, we can implement this solution up to
As the first step, Infosys can assess
partnership with our clients and SAP even before its release. This work has included extensive testing to make sure Simple Finance delivers what our customers need. We have ongoing Simple Finance implementations for customers and are Prep Introduction meeting
Value discovery workshop
Introduction meeting to give an overview of Simple Finance • Architectural change • Functionalities • General advantages • Experiences made with other customers • Infosys service offering
• Identification of current pain points • Potential areas for value realization through implementation of simple finance • End-to-End business process optimization • Interdisciplinary team with finance and IT representative to look into the current situation and into the future
your finance landscape and provide recommendations on how you can iron out complexities and ease up your functional landscape, to put an end to your worries.
Business case calculation
Implementation road map
Project setup
• Invention and optimization use cases are categorized into quick wins, use cases, and visions • Business case definition by taking a look at cost drivers, productivity savings, business benefits, and project costs
• An assemble of potential implementation plans is defined with different flavors, e.g., fast track to Simple Finance • Evaluation of the different implementation options with pros and cons
• Team and knowledge setup to reach required design skills • Prototyping and proof of concept for defined use cases • Definition of process redesign based on proven use cases • Project setup and execution
Send us an email on
[email protected] to speak to us to understand how Infosys can collaborate with your organization to lead your finance transformation
External Document © 2015 Infosys Limited
For more information, contact
[email protected] © 2015 Infosys Limited, Bangalore, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. Except as expressly permitted, neither this documentation nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior permission of Infosys Limited and/ or any named intellectual property rights holders under this document.
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