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Author's profile photo Joseph Pacor

SAPPHIRENOW 2014: Bringing People and Finance Operations Together

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This year’s SAPPHIRENOW registration is expected to reach 20,000 on-site attendees, with another 200,000 on-line participants. The event brings together senior executives, corporate managers and line of business decision makers from small and medium sized organizations, right up to the largest of enterprises. The conference provides great opportunities to network with industry leaders, SAP experts and peers to learn about the latest in technology trends and application innovations. In addition, over 225 exhibiting Partners are available to showcase solutions and provide implementation options for our customers. So it should be clear how this premier business conference brings people together, but what about the Finance Operations, which include Collaborative Invoice Management, Receivables Management and Shared Services?

Let’s start with Collaborative Invoice Management. For the first time ever, we have brought together the solutions of the Ariba Network, SAP Vendor Invoice Management (VIM) by OpenText and SAP Accounts Payable into one integrated demonstration which you can view at our Finance Operations Expert Table. This end-to-end scenario showcases how the Ariba Network extends the invoice-to-pay process to suppliers, thus avoiding delays or errors associated with the purchase order and invoice. The VIM solution then processes these invoices efficiently, accurately and quickly so you can enhance worker productivity, cash flow and vendor relations. Finally, these invoices are posted for payment within the SAP Accounts Payable application. Now that is how Finance Operations come together in a streamlined process, leveraging the best solutions for invoice management. But don’t just take it from me; watch the presentation by Tractor Supply Co., the retail farm and ranch store operator, and see how they improved their invoice payment cycles with Collaborative Invoice Management solutions.                       

We’ve also brought other innovations together, like the Fiori simplified user-friendly apps combined with our Receivables Management solutions. SAP Fiori apps give employees and managers an intuitive way to experience widely used functions for their roles in SAP software across their desktops, tablets, and smart phones. In this scenario, you’ll see how SAP Fiori lets you summarize information from the SAP Collections and Disputes Management application in a role-based dashboard. Employees can prioritize collections in a work list, get quick access to customer contact information, and reduce accounts receivable risk. This enables improved employee productivity, accelerated business processes, and better cash flow management. We’ve also combined analytics into a Financial Operations Manager dashboard, which provides accurate real-time insights into Shared Services KPI’s and helps to identify situations which require immediate action, such as past due receivables. Additional updates on our Finance Innovations can be found in this associated blog posted by my colleague Birgit.

These are just a few examples of the many ways we are ‘Bringing People and Finance Operations Together’. For more information, visit us at the SAPPHIRENOW Finance Operations Expert Table        

PS…you can get started early and see a 3.5 minute video of the Fiori for Collections app here. Enjoy!

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