Sep 29, 2022
•1 minute read
financial operations
Re-Imagining Global Tax Management in the CloudToday’s organizations strive to comply with ever-changing tax laws efficiently, driving business leaders to align these concerns with cloud and ERP modernization initiatives. However, modern ERP systems also come with their own set of challenges, particularly when it comes to global tax compliance.
These critical considerations help demonstrate why digital transformation of tax and finance is no longer an option – it is a necessity for organizations to improve the efficiency and effectiveness of global tax management and compliance. As a result, tax teams are stepping up engagement with business leaders to help re-imagine transformational change in how they manage tax and finance as part of ERP modernization initiatives.
Join Thomson Reuters as we discuss key trends, insights, and observations around how leading organizations are navigating tax complexity, harnessing technology, and alleviating the pressure of budgeting and resource constraints. This session will also prepare you to discuss tax implications and tax planning strategies that can ensure best practices for time and cost savings while opening the door to transform the tax function into a driver of business intelligence and value.
Penn State University Re-Imagines Business Processes and Financial System with SAP S/4HANARelying on decades-old technology can cost institutions time, money, and valuable manpower. The importance of a digital transformation strategy is expected to accelerate as universities look to adapt to the ongoing pandemic. In this case study, Penn State University serves as an example of how important digital transformation projects can be to an institution of higher learning. Before modernizing their IT infrastructure with an SAP S/4HANA implementation, the university set clear objectives: build a new financial system capable of not only supporting operations, but also providing employees the tools needed to learn the new system and to empower them to make speedy and accurately informed decisions to help the institution keep running in unpredictable situations.
Read this case study and learn:
- How SAP S/4HANA empowers Penn State’s digital transformation across its multi-campus financial operations with the trusted security and reduced IT maintenance in the cloud;
- The role embedded analytics plays in helping the university make data-driven decisions (in minutes instead of days); and
- How Penn State is charting their path to financial sustainability and responsiveness to meet the demands of its most critical stakeholders: students, parents, and employees.
Aug 25, 2020
•5 minute read
SAP Central FinanceFor companies looking to reimagine their business models for greater operating efficiency, better customer service, and improved financial performance, unifying their enterprise finance model can be a game changer. SAP S/4HANA innovations such as SAP Central Finance make this possible, according to two SAP advisors. In this thorough breakdown, which explains other innovations within SAP S/4HANA (such as the Universal Journal) and the value of SAP Central Finance, detailed diagrams and comprehensive explanations will help you understand how SAP Central Finance can assist finance teams in moving from a back-office role to become strategic partners to the business.
After reading this article you will be able to:
- Understand how SAP S/4HANA innovations allow for continuous financial operations, analysis, and reporting;
- Explain the value SAP Central Finance can provide on a global level and across SAP and non-SAP systems;
- See the different components of SAP Central Finance’s architecture; and
- List SAP Central Finance deployment considerations.
Jul 7, 2020
•16 minute read
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