How BMO Modernized Their Finance Platform to Derive Business Insights
Key Takeaways
⇨ Outdated finance platforms can hinder an organization's ability to gain key insights.
⇨ SAP S/4HANA Finance can automate journal entries, eliminate data sets, and rationalize general ledger accounts
⇨ Organizations can keep their transformation in-house to maximize control and save on external fees.
Bank of Montreal sought to find a platform that could help simplify and streamline business processes while also providing more up to date financial information – a must in the banking industry. To help meet these needs, BMO turned to SAP S/4HANA finance to help redirect its focus from generating financial information to deriving insights that drive business performance.
In this case study, you will learn about some of the strategies BMO utilized to make the most out of its financial transformation journey, the SAP extensions it relied on to help modernize its business processes, and some of the benefits it enjoyed from the transformation.
