Spotlight: How Mobile Technologies and Analytics Can Streamline Finance Processes

  • by Gary Byrne, Managing Editor, Financials Expert and SCM Expert
  • April 1, 2013
/Mobile
At the Financials 2013 conference in Las Vegas, the topics of mobility and predictive analytics were referred to often in the keynote presentations and in several sessions. To learn more about how finance managers can use these technologies to improve their business processes, I asked Carsten Hilker, solution manager at SAP Labs, to answer some questions about finance processes.

At the Financials 2013 conference in Las Vegas, the topics of mobility and predictive analytics were referred to often in the keynote presentations and in several sessions. To learn more about how finance managers can use these technologies to improve their business processes, I asked Carsten Hilker, solution manager at SAP Labs, to answer some questions about finance processes.

Could you explain the changes that have taken place with regard to financial reporting functionality?

The world today is far different than 10 years ago. Back then reporting was part of an application (module) and that was it. Then came business warehouse technology enabling cross-module, custom reporting and, subsequently, advanced business intelligence tools, allowing rendering information in graphical and persona-oriented ways. Today, that is complemented by predefined analytical applications (SAP Net Margin Analysis), mobile solutions (SAP RealSpend), and mobile BI capabilities.

The various alternatives and mechanisms to bring information to those using it have significantly increased and so has the value financial reports can provide today. It also means, though, that one has to balance the ideal (what is possible) with pragmatism (what is feasible) and smartness (what is already delivered by SAP and, even better, what is already available as part of the software license (such as embedded analytics).

Gary Byrne

Gary is the managing editor of Financials Expert and SCM Expert. Before joining WIS in March 2011, Gary was an editor at Elsevier. In this role he managed the development of manuscripts for Elsevier’s imprint responsible for books on computer security. Gary also has held positions as a copy editor at Aberdeen Group, a Boston-based IT market research company, and as an editor at Internet.com, a publisher of content for the IT community. He also gleaned experience working as a copy editor for International Data Corp., a Framingham, MA-based IT market research company. He earned a bachelor of science degree in journalism from Suffolk University in Boston. He enjoys traveling, sailing as a passenger onboard schooners, and helping his wife, Valerie, with gardening during summer weekends. He’s a fan of all the Boston sports teams and once stood behind Robert Parish in a line at BayBank. He felt small and didn’t ask for an autograph. You can follow him on Twitter at @FI_SCM_Expert. His online footsteps can also be found in the SAP Experts group on LinkedIn.

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