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.
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.