As we go through the positioning and messaging process for SAP Financials OnDemand (our latest addition to the SAP Cloud portfolio), I am reminded of the big innovation wave of the 90’s when Michael Hammer’s Business Process Engineering book took the industry by storm, and created a huge wave of demand around transformation projects as well as Enterprise Resource Planning (ERP) software, which made SAP the market leader we are today.
I think we are just at the beginning of a new, huge, very similar innovation wave for financial software (the perfect storm of innovation if you will), because of the convergence of a lot of concurrent technology trends, including In-Memory, Analytics, Big Data, Cloud, Mobile and Social.
"Yeah, Yeah", you're thinking, "here we go again with a marketeer yakking away about innovation .. we've heard it all before ..."
Really? Let me lay out my thought process here ...
The world has moved on. Business processes have moved on. People’s work style has moved on. Enterprises still need all of the foundational capabilities listed above in their trusted financial backbone (Transactions, Transparency, Governance/Compliance, Financial Excellence) but, more than ever, need to add support for the 21st century style of work as well. Finance has to move out of the boring but essential back-office paradigm of operations and reporting and move into a key position for driving growth and change in enterprises. But how? In comes SAP Financials OnDemand, which is already shipping in its first iteration, and will hit its first refresh in November of 2012. Here is a short overview of the system characteristics which I personally think offer a very interesting case for taking a closer look.
I think if I were a CIO or CFO, I'd take a serious look at this right now. A system built by SAP, that can DRASTICALLY simplify my general ledger landscape and EXPONENTIALLY increase my speed and flexibility in terms of reporting for everyone in my business?
Does that mean people will throw away their existing financial systems and upgrade to SAP Financials OnDemand over night? Heck no! Of course not. Trillions of € are invested in these systems and they form the backbone of the global economy. That would be like trying to do a heart transplant on a marathon runner WHILE HE IS IN THE RACE. Impossible. But. What IS possible, is to kick-start a new wave of process engineering, or financials re-engineering, if you will. In a an approach of open co-innovation, where we'd look at your specific business situation, identify the opportunities together, focus on the fast moving areas that need accelerated innovation more than others ... and get it done. I am personally excited to be part of this new wave. I missed the fun and excitement when this happened in the 90's (I was playing with databases and middleware then). But I am not going to miss this one .. actually, I am the Launch Captain for the November refresh.
The Launch is coming. At SAPPHIRE NOW in Madrid. Get on board, you don't want to miss this one ...
CHHO, Walldorf, Oct 9, 2012
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