Digitization & More @ SAPinsider Financials 2016

FIN

L_AHERN_UserGroup_MobileAPAfter a very successful User Group meeting yesterday the Dolphin team is excited to learn about how Finance will take a pivotal role in leading digital transformation that is taking over the SAP community. We're thrilled that several Dolphin customers will be presenting their success stories at Financials 2016 this week.

  • On Thursday, March 17, Mary Wynne and Arlene Nikaido-Lung of Pepco Holdings Inc. will discuss how digitizing invoice processing across the company's many energy companies resulted in a savings of $3 million in only the first year of operation. In addition to these remarkable cost savings, the highly regulated company has achieved greater control over invoice processing and increased transparency into cash flow.
  • On Wednesday, March 16, Tim Waldock of Owens Corning will discuss how decommissioning legacy SAP and Non-SAP systems helped the company respond quickly to international regulatory inquiries and standardize reporting across a diverse corporate landscape. The cost of decommissioning four legacy systems was almost equal to what these systems would cost to operate yearly, so not only has Owens Corning managed to reduce the cost and complexity of its SAP system landscape, it has better prepared to meet emerging regulatory and reporting requirements in the future.
Later this evening, Brian Shannon, Chief Strategy Officer of Dolphin will take questions and answers at the Ask the Experts session in the Exhibit Hall from 6:15-7:00 PM. On Wednesday, he will also present a session on Optimizing the Order-to-Cash mega process. If you can't make it to Las Vegas this week and want to learn more about the trends we're seeing in Finance, be sure to check out Brian's latest articles and blog posts:
  • From Metrics to Meaningful Information: Brian discusses how organizations can use digitization to establish real-time view of the Finance department with key productivity and value metrics. Using these metrics, the Finance department can begin to play a more strategic role in transforming the business by analyzing the way cash flows through the organization to maximize profitability.
  • 3 Questions You Should be Asking the Accounts Payable Department This Year: Are your financial processes ready for what the future will hold?  In this article in SAPinsider Brian discusses the three questions you should ask your Accounts Payable department this year so your processes are kept up to date and your organization is prepared for the future. Hint: How digitized are our processes?  is only one of the three questions you need to know.
  • Establishing a Process Maturity Model: In this blog topic, Brian asks: "Where does your organization fall along the process maturity model?" Knowing where you fall along this model will help your organization determine the best path to process transformation. For many organizations adding technology will not be enough. By combining process improvements with technology enhancements, organizations can enable greater process flexibility and drive greater value in less time.
   

Digitization & More @ SAPinsider Financials 2016

FIN

L_AHERN_UserGroup_MobileAPAfter a very successful User Group meeting yesterday the Dolphin team is excited to learn about how Finance will take a pivotal role in leading digital transformation that is taking over the SAP community. We’re thrilled that several Dolphin customers will be presenting their success stories at Financials 2016 this week.

  • On Thursday, March 17, Mary Wynne and Arlene Nikaido-Lung of Pepco Holdings Inc. will discuss how digitizing invoice processing across the company’s many energy companies resulted in a savings of $3 million in only the first year of operation. In addition to these remarkable cost savings, the highly regulated company has achieved greater control over invoice processing and increased transparency into cash flow.
  • On Wednesday, March 16, Tim Waldock of Owens Corning will discuss how decommissioning legacy SAP and Non-SAP systems helped the company respond quickly to international regulatory inquiries and standardize reporting across a diverse corporate landscape. The cost of decommissioning four legacy systems was almost equal to what these systems would cost to operate yearly, so not only has Owens Corning managed to reduce the cost and complexity of its SAP system landscape, it has better prepared to meet emerging regulatory and reporting requirements in the future.

Later this evening, Brian Shannon, Chief Strategy Officer of Dolphin will take questions and answers at the Ask the Experts session in the Exhibit Hall from 6:15-7:00 PM. On Wednesday, he will also present a session on Optimizing the Order-to-Cash mega process.

If you can’t make it to Las Vegas this week and want to learn more about the trends we’re seeing in Finance, be sure to check out Brian’s latest articles and blog posts:

  • From Metrics to Meaningful Information: Brian discusses how organizations can use digitization to establish real-time view of the Finance department with key productivity and value metrics. Using these metrics, the Finance department can begin to play a more strategic role in transforming the business by analyzing the way cash flows through the organization to maximize profitability.
  • 3 Questions You Should be Asking the Accounts Payable Department This Year: Are your financial processes ready for what the future will hold?  In this article in SAPinsider Brian discusses the three questions you should ask your Accounts Payable department this year so your processes are kept up to date and your organization is prepared for the future. Hint: How digitized are our processes?  is only one of the three questions you need to know.
  • Establishing a Process Maturity Model: In this blog topic, Brian asks: “Where does your organization fall along the process maturity model?” Knowing where you fall along this model will help your organization determine the best path to process transformation. For many organizations adding technology will not be enough. By combining process improvements with technology enhancements, organizations can enable greater process flexibility and drive greater value in less time.

 

 

5 SAP Trends We Saw in 2015 and to Watch for in 2016

asug_teched2015

 

As we reach the end of 2015, we thought we’d take the time to look back on the past year and see what recent developments we’ve seen in the SAP® ecosystem. Here are just a few of the highlights from the past year.

 

1. Strategic Business Transformations Change the SAP System Landscape
In 2015 businesses were eager to transform themselves to support planned consolidation, modernization and future growth. These plans had a wide ranging impact on SAP systems. In some cases, companies consolidated systems into new data centers or improved their existing processes to support new products, locations, and business models. The biggest transformation, however, was the continued adoption of SAP HANA and cloud solutions.

At SAP TechEd 2015, Dolphin CEO Dr. Werner Hopf spoke with Thomas Wailgum of ASUG News about how companies can prepare for these large scale business transformations. According to Dr. Hopf, by employing data archiving to reduce data in online SAP systems companies can greatly reduce the time and effort needed to realize their strategic business goals.

 

  

 

2. Increasing Importance of Corporate Governance, Risk and Compliance Initiatives
Corporate governance, risk and compliance initiatives remained a high priority for many companies in 2015. Companies were looking for ways to ensure the correct retention rules and process controls were in place to prove that they were in full compliance with legal, fiscal, and industry regulations.

On the data side, leading retailer Big Lots leveraged Dolphin’s data archiving solution with nearline storage to provide fast access to archived data to improve its retail operational reporting and respond quickly to sales tax audits.

On the process side, GE Water and Process Technologies and Pepco Holdings, two customers in the highly regulated utilities and related industries implemented Dolphin’s Accounts Payable solution to centralize and standardize processes and provide greater transparency across the procure-to-pay process.

 

3. Continued Growth of Global Shared Services
Throughout the year companies continued to consolidate financial and HR processing in shared services centers. Many companies successfully used Dolphin solutions to centralize and standardize processing across multiple business units and regional shared services centers in 2015.

Most recently in an ASUG webcast,  Honeywell International spoke of the benefits of using Dolphin’s Accounts Payable solution across its multiple strategic business units processing over 5 million invoices per year.

Tennant Company also spoke about the flexibility that moving to a shared services model  has afforded the company, allowing them to “lift and shift” resources to meet different global and seasonal demands.

 

4.Business and Industry Trends Drive the Need for Specialized Data Management
There were several business trends in 2015 that had certain industries seeking solutions for their unique data management needs.

In the Retail and Utility industries, big data is pushing systems to the limit, requiring frequent archiving and flexible storage solutions including nearline and cloud storage.

In the Oil and Gas and Life Sciences industries, the trend towards divesting major business units had companies looking for ways to economically “carve out” or “cleanse” data from SAP systems. Not only did these companies need to protect corporate intellectual property but they also wanted to reduce the footprint and cost of maintaining SAP systems to secure the value of these deals after the divestiture was complete.

In Manufacturing and many other industries we saw companies look to decommission older systems and content management repositories so they could modernize aging infrastructure and lower IT costs.

 

5. New Technology Options Add Flexibility and Facilitate Innovation
This year we saw stronger adoption of SAP Fiori and the SAP HANA Cloud Platform solutions. These two technologies help companies add flexibility and advanced functionality to their existing SAP implementations without significant additional overhead. The advanced, modern user interface available with SAP Fiori provides users with a more intuitive entry point for SAP applications, making it easier for casual SAP users to use these powerful tools. It also enables users to access applications from mobile devices and tablets, which is ideal for today’s mobile workforce. Best of all, Fiori applications, such as Dolphin Advanced Approvals can be hosted on the HANA Cloud Platform. This platform enables organizations to quickly add new, innovative HANA functionality on top of their existing on-premise SAP systems, without having to make the full transition to SAP HANA.

 

We look forward to seeing what other new trends will emerge in 2016!

On another note, the Dolphin team updated our website in 2015. We hope you like the new look and feel and that it is easier for you to find the content you’re looking for on emerging trends and best practices for data and processes for SAP systems.

Retirement takes planning AND implementing

I went to a retirement party last week.  I pictured we would be sitting outside on the deck where hors d’oeuvres would be served with the fanciful summer cocktail menu.  But alas, it was dull and dreary in the basement where co-workers had assembled to bid their adieu.  The recipient of the send-off had served the company unfailingly for over 30 years, but had indeed found a storied skillset had been replaced by a better connected, shinier, faster face.  The retirement had not really been planned, it was more like someone created a flash mob at the behest of the auditors.  Not the type of orderly and grateful departure one might expect at the end of such a long-term service engagement.[Continue Reading]

Big Data in 2014

We’re one month into 2014, and many enterprises we work with are now moving full speed ahead to shift their Big Data projects for this year from the planning and proposal stage to actual execution. For the past few years, Big Data has generated an increasing amount of discussion in board rooms, blogs and the IT press. Rightfully so, too. Big Data holds the promise to unlock valuable new insights that can help drive customer sales and grow the bottom line.[Continue Reading]

Compliance Benefits of a Controlled Methodology for Decommissioning Legacy SAP Systems

Many companies have older legacy systems still operational for audit compliance, review and reporting purposes. We know that as data ages it becomes less valuable and this is especially true for legacy data. However, businesses need to retain data until it reaches its end-of-life, because of legal holds, in support of governance/audit requirements or for maintenance histories.  [Continue Reading]

Is your SAP GRC Firefighter database building up?

When data builds up it can affect SAP system performance. The best practice for this situation is data archiving. This moves the data out of the production system in order to manage database growth while allowing business users direct, transparent access to it. But what about data created by the GRC system? It is imperative that data needed for any audit or legal requirement be immediately available.[Continue Reading]