Rules for (Financial) Revolutionaries - Planning for, and Understanding the Impact of the Cloud on Your Financial Technology

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Rules for (Financial) Revolutionaries Planning for, and understanding the impact of the cloud on your Financial Technology



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Alternative Title

“Why do we need so many #*@!-ingsystems to get things done around here?”



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A July 2013 Saugatuck Technology study shows:

Finance Apps are moving to the cloud more quickly than previously expected

Finance leads believe they need to move to the cloud to stay relevant and improve the finance groups ability to drive value to the enterprise.



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Why Finance Needs -and-

Likes the Cloud…

“Cloud solutions allow us to keep up with the business as a whole much better, and much more inexpensively, than we ever could before.”

– VP Finance, multinational automotive manufacturer



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“We’re moving to Cloud sequentially and methodically. ‘Big bangs’ tend to scare people.” - CFO, global electronics manufacturing firm

“Our first moves into Cloud-based Financials are layers on top of and

between what we already have, use, and are comfortable with.”

- SVP, global telecommunications provider



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“We don’t plan on keeping many of our existing Finance systems, but we do want the flexibility to keep what we need and make them work as we develop and move to Cloud. There has to be a way to use them

to blend with our emerging, evolving Cloud efforts.”-Principal, global consulting services

firm



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“This stuff isn’t something that we want to see pulled together. This needs to be rock-solid, and it needs to reflect real-world Finance organization and activity.”

-Managing Director, global food and beverage brand



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So…What exactly makes a Rock Solid, Cloud Based Financial Management Solution?



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SAP Business ByDesign – ERP in the CloudIntegrated and consistent best practices



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“One of the big lessons we learned is that once you get in, you’re in bed with your providers for a long time. There’s really no ‘off’ switch when it comes to financials in Cloud or any other form.”

-CFO, global high-tech manufacturing firm



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SAP Business ByDesign – ERP in the CLOUD from SAP!

More than 1000 customers

More than 50,000 users

19 country localizations and 9 languages

50+ countries where ByD is used

100+ large enterprises running ByD in their subsidiaries

50+ software solution partners with 100+ add-on solutions

150 value added partners worldwide



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Mr. Terry Rice, Director of Finance

Rules for (Financial) Revolutionaries Planning for, and understanding the impact of the cloud on your Financial Technology



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Background: the Living Proof story

Living Proof, Inc. Confidential

1. Company basics

2. Growth

3. Sophisticated products and markets

4. Start-up back office environment

5. Scalable solutions = the ‘cloud’



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Control, Process, & Consistency

1. Accounting / AR / AP

2. Reporting: actuals, budget, forecastingespecially CASH

3. Logistics / Supply Chain

4. Audits




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The Future: What’s in Store for LP?

1. 3PL Integration

2. International Expansion

3. Host Analytics




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Thank You!



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