Finance experts may be familiar with this situation: the long-planned workshop with the external consultant on the topic of "Digital Transformation of Finance Processes" as part of an SAP S/4HANA Finance implementation starts with the information that the key players from Controlling, unfortunately, cannot attend. Because of the economic situations and global crises, the outlook for the business situation must be reassessed for the coming months. Ad Hoc request from CFO. No postponement is possible. As is often the case, the knowledge of tapping various data sources, filing the relevant Excel files, and the ability to produce PowerPoint slides suitable for the board of directors seems to be concentrated in the heads of a few employees.
For the responsible manager of the CFO organization from the situation described above, there is at least the prospect of standardizing processes in the future in an intersubjectively comprehensible manner, establishing a single data source as the single point of truth, and also generating reporting quickly and easily through integrated front-end tools.