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Author's profile photo Joseph Pacor

The Future of Financial Planning and Analysis in Financial Services webinar

Date: Monday, November 2, 2015

Time: 10:00 A.M. Eastern Time              
Duration: 1 hour

Sponsored by SAP Register Here


CFO Research conducted a survey of 62 CFOs and senior finance executives at large financial services firms in Europe, the United States, Canada, the Asia-Pacific region, and Latin America. The research sought to better understand how finance leaders aspire to support business decision makers in the pursuit of value creation—and how leading-edge financial planning and business analysis capabilities factor into those aspirations.

The research, sponsored by SAP, found that financial services CFO’s feel pressure building on the finance function to contribute more to business success. And it doesn’t appear likely that making incremental improvements to traditional financial planning and analysis (FP&A) practices will be enough to meet the new demands on finance.

Join this Webcast to view detailed research findings and hear an expert discussion of the following four key conclusions that the research points to:

  • Agility is an increasingly important source of competitive advantage, and management’s appetite for actionable, real-time analysis is growing;
  • IT systems for FP&A are falling short of intensifying demands for real-time, ad-hoc analysis;
  • Tight integration between financial planning systems and core enterprise resource planning (ERP) supports more effective decision making; and
  • Pressure on finance teams to improve their contributions to high-value planning and analysis is increasing.

About the Speakers:

  • Hugh Anderson, Senior Principal, Insurance Industry Value Engineering Practice, SAP

Hugh Anderson is a senior principal with SAP’s insurance industry value engineering practice. In this position he is responsible for SAP’s value proposition in the insurance market as a technology partner, business innovator, and trusted thought leader. Prior to joining SAP in 2006, Hugh held a variety of IT and business leadership positions at The Hartford Financial Services Group, and served as Director of Carrier Interface and Integration for Vertafore’s AMS Services business.

  • Sean Berrington, Head of Finance, Personal and Business Banking, Information Technology, Standard Bank Group

Through his training as a Chartered Accountant and his specialization in IT, Sean has gained wide exposure to various multinational organizations and their IT operations. He is among a select few globally who can say they have been part of a leadership team of a large core banking replacement program.
Sean joined Standard Bank in 2011 as the Head of Finance for its Core Banking program. In this role, he was able to apply his skills as a Chartered Accountant while leveraging his deep IT knowledge. In 2014, he took on his current role, which encompasses IT for Standard Bank’s Personal and Business Banking portfolio.
Before he joined Standard Bank, Sean spent ten years with PwC, where he devoted more than eight years to analyzing and consulting on organizations’ IT environments, IT controls and large strategic programs.

  • David Owens, Editorial Director, CFO Research

David Owens is editorial director at CFO Research. He has more than 25 years of experience as a researcher, editor, and writer on business, financial, and management topics. He was a key member of the writing and content development team at Mercer Management Consulting (now known as Oliver Wyman) for 18 years and led the writing and editing department for 13 years.  He is a graduate of Haverford College. David is based in Boston.

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      Author's profile photo Former Member
      Former Member


      Thanks for all the really insight materials you've shared.

      I am actually trying to find some road map information with respect to Reinsurance (FS-RI) on the S/4HANA platform. My role at IAG is in the technology architecture space.

      As background, IAG is the largest general insurer in Australia / New Zealand with operations extending into Asia (India, Malaysia, Vietnam, Thailand, Indonesia). IAG is an existing SAP customer and utilises FS-RI, but does not run it's core insurance operations on SAP - we use an array of core insurance policy management platforms ( this is largely due to mergers  / acquisitions etc), whereas  Guidewire Claims Center is also used extensively in the Claims area

      IAG is exploring the feasibility of S/4HANA as a future replacement for it's current on-premise SAP Finance instance. Whilst I am aware that Reinsurance is now certified on HANA, I am not really clear on how this aligns with S/4HANA Finance (if at all).

      As such any direction, referral you could provide with respect to when Reinsurance might be offered as part of SAP S/4HANA will be value.


      Ian Jamieson

      Author's profile photo Joseph Pacor
      Joseph Pacor
      Blog Post Author

      Hi Ian,

      I would be glad to follow up directly with you, so please provide your email address or you can contact me directly at

      Best regards,