ERP and Finance Transformation (Research Task)
The CFO at a company has recently became aware of an accounting industry trend loosely referred to as ‘Finance Transformation’, and he is wondering how this could be related to the current implementation of SAP ERP. He asks you to do some research and provide a short report addressing the following issues/questions:
1- Today, what do people broadly mean when talking about ‘finance transformation’ (eg: what is its aim, what/how is involved, what is typically the focus, etc.)?
2- What is ‘business partnering’ in context of finance/accounting?
3- What is typically the role of information technology (Enterprise systems, BI solutions, AI applications, etc.) in finance transformation projects?
4- What is the role of big data and analytics in finance transformation?
5- Provide a list of three finance transformation service providers, including a brief summary of what they focus on.
Prepare a report (1250 words) based on your own original research of at least 8 different sources, in which you address the above-mentioned questions/requirements. \
· What is MASTERDATAMANAGEMENT and its role in sap? 200 words
· What is DAY‐TO‐DAYTRANSACTIONPROCESSING and role in sap? 200 words
· What is closing and reporting and its role in sap? 200 words