Today’s constantly evolving environment demands a finance organisation that can keep up. The ultimate vision is a Kinetic Finance function that is aligned with the “built to evolve” Kinetic Enterprise™—an intelligent, responsive, cloud-enabled enterprise capable of moving at the pace of disruption, supported by a clean core and an inclusive ecosystem of capabilities. However, transforming finance to meet an ever-evolving demand is a daunting prospect and launching a major transformation initiative during uncertain times is especially daunting. What if transformations didn’t have to be so big? Or so painful?
Machine learning and robotics to jump-start finance transformation
Kinetic Finance Startup leverages machine learning (ML) to do fuzzy matching and then use robotic process automation (RPA) to rapidly transform your existing financial data and reporting landscape into a new landscape—one that is aligned with the SAP® Central Finance component of SAP S/4HANA, the digital core ERP.
Enabled by Amazon Web Services (AWS) innovation technology, Kinetic Finance Startup allows your workforce to spend less time on transformation and focus on what matters—analysing the final results. Deloitte’s extensive ERP implementation experience and harmonisation rules use AWS Glue, AWS Lambda and AWS Step Functions to do the tedious implementation work that is typically taken on by humans—work that can consume inordinate amounts of effort and delay time to value. In addition, by leveraging AWS Quick start accelerated deployment, together with Deloitte robotics and digital automation, the target SAP S/4HANA environment on AWS is built completely automatically. That means the solution can ultimately deliver the same level of value when it comes to the end results—in less time. With Kinetic Finance Startup, some organisations can go live with a new SAP S/4HANA Central Finance environment in as little as six months. Compare that to the ten to twelve months it might take for a traditional SAP Central Finance implementation.
Kinetic Finance Startup effectively enables a “self-configuring” SAP Central Finance as the first step in a finance transformation journey. The solution applies robotics and machine learning to consume and understand the structure and the sources of your financial data—your ledgers, your charts of accounts and other finance-relevant information—and then translates it all into a proposed new framework. The solution is light, functioning with a zero footprint, thanks to Deloitte OpenCloud powered by AWS Serverless architecture. That means from the day the implementation starts to the ongoing cloud managed services once deployed, Kinetic Finance Startup offers a hassle-free experience.
Stable value—with less effort
For the IT leaders and the office of the CFO, Kinetic Finance Startup saves not only time; it saves effort. With Kinetic Finance Startup, humans are freed from the traditional upfront steps of design workshops and requirements gathering and can focus instead on guided analysis and validation of results, with rapid iterations to incorporate feedback.
Kinetic Finance Startup begins by running touchlessly over the weekend, using your existing ERP data to propose a new finance data model and build a new SAP S/4HANA Central Finance environment automatically. From there, Deloitte can work with you to review your newly built SAP S/4HANA system and make adjustments to align it with your business processes and goals. With Kinetic Finance Startup, even if the automatically generated finance data model is only 50% directionally correct in the first pass, you are starting off your implementation 50% complete, leading to significant time savings in the transformation journey.
- Simplified and improved implementation experience
- Accelerate finance transformation and innovation
- Improve data accuracy and control
- Streamline and simplify financial data and structure
- Bring new intelligence and insights to your finance data, while delivering a single source of the truth
- Reduce effort for finance and IT teams
- Shift talent and resources to more value-added activities
- Maximise your investment in SAP technologies
- Deliver new business value with a modernised finance function supported by SAP Central Finance
- Position your business to evolve with disruption—enabled with intelligent Kinetic Enterprise capabilities, focussed on a clean core and cloud technologies
- Reduce the risks that can come with transformation
- Accelerated adoption of solution through improved change management
- Take advantage of AWS innovation services and inherited security and compliance