SAP Digital Asset Management

An extended supply chain is essential for the digital age. To remain competitive, organizations need the end-to-end visibility provided by the extended supply chain, which enables greater efficiency and higher customer satisfaction. Strong data management is key to this end-to-end visibility — organizations must ensure that all data going in and out of the supply chain is clean and accurate. Read on to learn how you can ensure high-quality SAP data for your extended supply chain through automation and validation. 

As businesses pursue growth in the digital age, there has been an uptick in the rate of mergers and acquisitions (M&As). While M&As help organizations expand their capabilities and extend new offerings to their customers, they also bring unique challenges — organizations must work hard to integrate IT systems and obtain a single source of truth throughout the expanded organization. Discover how SAP S/4HANA can make this integration process smoother with a Central Finance deployment that can serve as a dedicated M&A hub. 

As the digital economy changes how businesses operate, finance departments are coming to grips with the understanding that they need to change as well. Businesses are becoming more dynamic, and standing still is not an option for finance departments, which must provide the real-time insights that businesses need to remain competitive. So how can a finance department turn itself into a dynamic business enabler? In this issue’s insideEdge, SAP’s Thack Brown and Henner Schliebs explore the four main tenets that inform how finance can support the strategic evolution of business in the digital age. 

Automation saves time, money, rework, and headaches for everyone involved, and introducing automation into financial processes can vastly improve services and yield a fast return on investment. Read this article to learn five ways that automation can dramatically improve your processes, reduce costs, and drive benefits across your entire organization — without having to make changes to your existing SAP systems.

Carter’s, Inc., whose business includes the well-known OshKosh B’gosh brand, is the leading brand of clothing items for children in the US. With merchandise sold in more than 1,000 company-owned stores, as well as in most large retail department stores and online, Carter’s has hundreds of thousands of transactions touching its financial systems every day ― a network of systems with manual, paper-based processes that could no longer keep pace with growth and an increasingly digital economy. Learn how Carter’s modernized its financial processes with SAP S/4HANA Finance and adopted best practices to improve efficiency and gain greater visibility into its financial operations.

Businesses of all sizes are feeling pressure from the ever-increasing data volumes they’re expected to handle. The growth in data often leads to “analysis paralysis” – the inability for organizations to determine just what data to trust or how to act on it. This was a prominent challenge at Dell, where reporting teams spent an inordinate amount of time moving data around instead of truly using it. Learn how Dell invested in SAP HANA to solve this problem and, in the process, developed a solution for midsize companies to do the same. 

Indivior PLC, a specialty pharmaceutical company that manufactures products for the treatment of opioid dependence, is dedicated to helping patients transform their lives. Recently, the organization had to transform itself when it demerged with its parent company. Separated from the IT services of its parent, Indivior had to set up an entirely new IT platform. This global IT landscape had to be scalable, efficient, and standardized – and delivered within a strict timeline. Learn how Indivior PLC selected SAP S/4HANA Finance, SAP Business Suite powered by SAP HANA, and other SAP solutions, and not only established a comprehensive SAP landscape from scratch, but did so within its deadline, under budget, and without business disruption. 

While digital transformation has been a revolutionizing force for many aspects of the organization, this isn’t always the case for the journal entry process. Routings and approvals are still often handled manually through emails, spreadsheets, and physical signatures, which can cause delays and a lack of transparency into financial close processes. And when it is time for an audit, the finance team must scramble to find all the missing pieces to the journal entry puzzle.

During a recent SAPinsider Online Q&A session, Dolphin’s Chief Strategy Officer Brian Shannon and Chief Technology Officer Vishal Awasthi answered live questions from attendees on the journal entry process, including best practices for achieving a single view across the enterprise, opportunities for simplification and automation, tips for efficient compliance and reporting, and how the Dolphin Journal Entry solution can help organizations achieve a faster, more secure financial close. The following is an abridged version of the questions answered by Brian and Vishal during the Q&A session. The full transcript is available on SAPinsider Online at bit.ly/DolphinQandA.

In competitive job markets, companies get one chance to make a good first impression on potential candidates or risk losing talent to rival organizations. The first point of contact for many job seekers is often the recruiting website, but if it proves to be a negative experience it could deter candidates. Like many organizations, global water technology company A. O. Smith knew its recruiting activities needed to evolve with the digital economy and provide a seamless and hassle-free application process to attract the top talent. Hear how with SAP SuccessFactors solutions A. O. Smith was able to:

• Streamline 12 job-posting websites to one central recruiting site
• Improve the candidate experience by significantly reducing the time and effort for submitting an application
• Create a talent pool database to match existing candidates to new openings