From Operational Accounting to Strategic Business Management with CBS’s NEXT ONE Finance
Meet the Authors
Key Takeaways
⇨ Finance is a critical element in the digital transformation process, proving essential for mitigating increased expenses and steering through economic recessions.
⇨ Amid intricate value chains and emerging mandates like the Green Ledger and CO₂ reporting requirements for companies, the ability to swiftly respond to external influences and make well-informed decisions is crucial
⇨ CBS’ NEXT ONE Finance approach strategically combines efficient governance with innovation in a forward-looking, agile, end-to-end business process platform.
Finance is a key factor in digital transformation, particularly important during economic downturns and rising costs. It enables quick responses and informed decisions amidst complex value chains and new regulations like the Green Ledger and CO₂ reporting. A unified corporate platform is vital for this agility and decision-making. CBS’ NEXT ONE Finance approach integrates governance and innovation within a dynamic, end-to-end business process platform. At its core, the ONE Finance component standardizes accounting structures, essential for uniform reporting and agile implementation of new functionalities, ensuring future readiness and supporting innovation. The NEXT ONE Finance framework prioritizes high-impact topics for early implementation to deliver immediate value and adapt quickly to market shifts. CBS’ strategy also includes ongoing assessments of the company’s status to tailor the NEXT ONE Finance offerings, addressing challenges and providing timely solutions.
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