Subtitles for Finance runs LIVE in the SAP Digital Boardroom with Accenture

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sav digital board room allows
you to unify your entire
business all in three
interactive screens giving you
the chance to understand your
business
all in real time using live data
for CIOs and CTO s today s video
board room is revolutionary
something that traditionally was
reserved for power points and
spreadsheets is now live
the digital board room really is
quite an impressive combination
of technologies because what's
happening now is boards can have
the strategic view of their
entire operation in real time
and I think previously but we've
had our more combinations of
pockets of insight that had to
be cobbled together so digital
board room gives you this real
time perspective on what's
happening throughout the
organization and allows
executives to drill down as it
when they see fit
live in this really changes the
way the finance organization and
therefore the CFO operates
within the organization
so we see the CFO being boys as
having opportunity to change the
way the business works and to
change the way the finance marks
operating within the business to
solve real business problems
the type of data that we see is
part of the digital board room
and having all of that
information available in real
time really enables them to move
forward into that digital
finance Michelle
but the digital board room
presentation was great it lines
completely with where we want
the CFO to go and where we see
the CFO meeting to go in the
future
having data available in real
time being able to drill down
I mean just imagine being in a
board meeting and answering
questions in real time answering
questions that coordinators have
having them see the data really
changes the game and the virtual
reality i think is a great
opportunity for people to really
start to imagine what's possible
and what they should be thinking
about as they think about their
organization and bracing crystal
I think there are a few things
to think about as a CFO looks to
embrace digital and and move
their organization into the
future
the first is really think about
what do you want that
organization to be
what's your future vision of the
finance organization
what capabilities are you going
to need in order to meet that
objective of your finance
organization of the future a new
operating model and thinking
about how to fit your finance
function your finance people
into the business and working in
integrated business teams
providing more of an integrated
business service versus
reporting the past so we're
really looking at CFO's as being
able to now predict the future

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Description

Renee Ford (Managing Director, Technology, Client Delivery, SAP at Accenture) explains how LIVE business changes the finance organization, how the CFO operates within the business, and what a CFO needs to do while embracing digital.

Recorded at SAPPHIRE NOW 2016 in Orlando, Florida, USA.

Transcript:
Eamon Ida (SAP Global Product Marketing Manager):
SAP Digital Boardroom allows you to unify your entire business, all in three interactive screens. Giving you the chance to understand your business all in real time, all using live data. For CIOs and CTOs today, SAP Digital Boardroom is revolutionary. Data that was traditionally preserved through PowerPoints and Spreadsheets, is now live.

Eric Kavanagh (CEO, The Bloor Group):
The Digital Boardroom really is quite an impressive combination of technologies because what’s happening now is boards can have this strategic view of their entire operation in real time and I think previously, what we’ve had are more combinations of pockets of insights that had to be coupled together. The Digital Boardroom gives you this real time perspective on what’s happening throughout the organization and allows executive to drill down as and when they see fit.

Renee Ford (Managing Director, Technology, Client Delivery, SAP Accenture):
Live Business really changes the way the finance organization, and therefore the CFO, operates within the organization. So, we see the CFO being poised as having opportunity to change the way the business works and to change the way the finance functions works – operating within the business to solve real business problems. The type of data that we see is part of the Digital Boardroom and having all of that information available in real time, really enables them to move forward into that digital finance functionality. The Digital Boardroom presentation was great. It aligns completely with where we want the CFO to go and where we see the CFO needing to go in the future. Having data available in real time, being able to drill down – I mean, just imagine, being in a board meeting and answering questions in real time, answering questions that board members have, having them see the data, really changes the game. And the virtual reality, I think, is a great opportunity for people to really start to imagine what’s possible and what they should be thinking about as they think about their organization in embracing digital. I think there are a few things to think about, as a CFO looks to embrace digital and move their organization into the future. The first is really to think about: What do you want that organization to be? What’s your future vision for the finance organization? What capabilities are you going to need in order to meet that objective of your finance organization of the future? A new operating model, and thinking about, how to fit your finance function, your finance people, into the business and working in integrated business teams, providing more of an integrated business service versus reporting the past. So, we’re really looking at CFOs as being able now to predict the future.