06 / 09 / 2016
Faster applications, real-time analytics on transactional data and an improved user experience… These are some of the promises of the SAP HANA in-memory database technology. How alluring these benefits may sound, the fear of going through a complex migration path is still holding back quite a lot of companies. An unfounded fear in many cases, as the database migration, as such, causes very few challenges. Complexity often arises when technical system upgrades are planned at the same time.
29 / 08 / 2016
In my previous article ‘What finance should be, but rarely is‘, I set the scene of how CFOs need to transform the Finance function. Finance needs to redefine itself as a business partner that creates real customer value in a volatile and digital world. One of the key challenges in that transformation journey is the definition of new metrics that represent the value of the company. Traditionally, Finance looks at the return on shareholders’ equity to determine the value of the company. Based on a business plan for the next 3 to 5 years and financial data from the past, a financial projection is made of a free cash flow model that should more or less represent the value of the company.
30 / 06 / 2016
Have you recently watched a so-called ‘action movie’ from the 1980s or 1990s? If you did, you were probably surprised by how slow the movie was filmed compared to the newer titles in the genre. It just goes to show in what fast-evolving world we live. Fashions fade faster, hypes disappear when most people are still considering adhering to them and technology trends come and go at the speed of light. For organizations, it becomes increasingly difficult to know what technologies to adopt when you want to grow towards truly smart.
22 / 06 / 2016
If Finance still wants its place at the boardroom table, it should reinvent itself and give substance to the promise of becoming a true business partner. Although a growing number of CFOs are well aware of the challenges that the finance function is facing, in reality, nothing much changes. Meanwhile, the clock is ticking. In this era of digital transformation, companies, across industries, are being forced to shift faster and grow smarter in many different ways. New business models arise, new market entrants – often with a more low-weight cost structure – move quickly and disrupt businesses faster than ever before. To survive in this highly volatile and uncertain environment, businesses have to reinvent themselves to deliver customer value that really matters. And Finance is no exception to this rule.
20 / 06 / 2016
Big data, cloud, mobile and social have radically changed our view on business IT. Across industries, we see companies exploring how they can incorporate these technological innovations in their current processes, and how they can then build new business models on them. To support these major business transformations, SAP launched its S/4 HANA ERP business suite. S/4 HANA, short for SAP Business Suite 4 HANA, is the company’s biggest innovation since SAP R/3. For those who are wondering how SAP came up with the name for its new ERP: Hana is a beach in Hawaii, the kind you would like to go to every weekend – and that’s exactly the message that SAP wants to get across. Things that, in the past, you could do only once in a lifetime – if you were lucky – are now just a few clicks away.
16 / 06 / 2016
In an ideal world, you have access to all the data you need at a glance. In an ideal world, all business applications offer a consumer-like experience. And, in an ideal world, processes are streamlined in such a way that they enable automated actions based on smart data insights. But we don’t live in an ideal world, do we? In fact, we might be closer to an ideal world than we suspect. Many companies store a vast amount of data, waiting to be explored and to reveal the insights they carry within. Only one little hurdle to overcome: data is often stored in a plenitude of systems and applications, scattered across the company. So starting to analyze it, feels a bit like searching for a needle in a haystack.
As a customer in a world of companies that all want their piece of the pie, it feels great when a company really listens to you and is eager to meet your needs. I am very sensitive when it comes to services and support. Even more, I’d say that services and support matter more to me than the quality of a product. When you purchase a product and customer service is bad or even nonexistent, you’ll think twice before buying from that company again, won’t you?
“The customer experience is the next competitive battleground.”
– Jerry Gregoire (CIO, Dell Computers)
06 / 06 / 2016
The buzz surrounding the Internet of Things (IoT) is big. In 2020 more than 50 billion devices will be connected to the internet. The amount of data coming from these devices will be enormous. But what does IoT mean for your business in particular? Is IoT really the next big thing or should we sit back and wait for the hype to move on? It’s hard to predict where exactly IoT will be in a couple of years, but one thing is for certain: the potential is huge!