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Good News for CFOs and CIOs – A Takeaway from the SAP Financial Excellence Forum

Earlier in October, SAP held its annual customer-only and free-to-attend event, the SAP Financial Excellence Forum. With some 200 registrants, several industry analysts and Finance industry thought leaders it was a great mix of cross-industry customers, SAP subject matter experts and finance practitioners that provided for a great deal of discussion, learning and most of all networking for everyone.

Bill McNee, President and CEO of Saugatuck Technology, was among the participants. In his blog post titled Large-Enterprise Financials – A Less Scary Path to the Future he covers his findings, particularly on how SAP is taking “advantage of its evolving architecture and capabilities” to support the transition for its traditional on-premise SAP ERP customer base to the cloud – thanks to SAP Simple Finance. Bill summarizes:

What became increasingly clear at the Forum is that SAP has evolved the way that it is talking about Simple Finance so that its customers will not think of it as being highly disruptive to the enterprise. Simple Finance can either be layered on top of an existing on-premise ERP deployment – or in the case of New York Life – can be part of a fully Cloud-based deployment / migration. (Source: Saugatuck Technology Inc.)

We recommend Bill’s complete blog post for further reading.

And by the way, next year’s SAP Financial Excellence Forum is scheduled for October 13-14, 2015. Capacity is limited. To reserve your seat, you may send an e-mail to my colleague Carsten Hilker.

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