Accelerate your time to value with SAP BusinessObjects Disclosure Management and a new rapid deployment solution

Transcription

1 Accelerate your time to value with SAP BusinessObjects Disclosure Management and a new rapid deployment solution Birgit Starmanns, Senior Director, SAP Marketing, EPM and Finance Solutions Lance Holbert, Senior Director, SAP, Enterprise Performance Management Services March 28, 2012

2 Agenda SAP BusinessObjects Disclosure Management and the problem it solves SAP BusinessObjects Disclosure Management Solution Overview Demo / Screens SAP rapid deployment solution for financial close and disclosure management Quick Time to Value Implementation Services Summary and next steps 2011 SAP AG. All rights reserved. 2

3 What does Better mean for financial disclosures? Number of systems containing source data Number of disclosures across geographies Cost of finance as a percentage of revenue Days to generate financial statements after the close Number of financial restatements Cost of outsourced filing services 2011 SAP AG. All rights reserved. 3

4 The challenge of regulatory disclosures: Lack of automation, visibility and control Collecting disparate data is time-consuming Disparate data sources across system landscapes Manual cut-and-paste for spreadsheets and narrative Complexity of regulations in different jurisdictions Manipulating data manually increases cost Multinational groups across continents and time zones Multiple document instances and versions workflow is difficult to manage and audit Decentralized disclosures increase risk Reuse of the same data in multiple reports Multiple output formats required (PDF, HTML, XBRL) Last-minute adjustments may cause inconsistencies 2011 SAP AG. All rights reserved. 4

5 Accelerating the Last Mile of Finance reduces costs Tools that can help coordinate the financial statement, regulatory reporting and investor report production activities in one central product that can provide a collaborative environment for all contributing parties can reduce process costs by up to 30%. Gartner Research Financial Statement Production Solutions Increase Market Penetration John E. Van Decker November SAP AG. All rights reserved. 5

6 What Is XBRL? extensible Business Reporting Language Global demand for consistency in disclosures Revolutionizes the reporting and disclosure of financial and business information Standardizes the content of financial information for consistency in disclosures Makes financial information easier to search, compare, and analyze XBRL taxonomies identify information A set of agreed-upon, computer-readable tags of information equivalent to bar-coding Defines individual data items in business reports and how they interrelate Taxonomies can be extended for specific industries or by individual corporations Compliance is mandatory by regulatory agencies, stock exchanges, and central banks U.S. Securities and Exchange Commission (SEC), UK Tax Authority, etc. Projects underway on all continents, in over 30 countries Taxonomies are defined by jurisdiction 2011 SAP AG. All rights reserved. 6

7 Disclosure Management in the Accounting and Financial Close End-to-End Process Financial Accounting Entity Close Corporate Close Reporting and Disclosure As part of the enterprise performance management (EPM) solutions, the new collaborative disclosure management solutions complete the end-to-end accounting and financial close process General Ledger Sub-Ledgers Intercompany Reconciliation Entity Close Management Consolidation Notes Management Reporting and Analysis Disclosure Management Financial Close Governance Internal Controls Master Data Governance for Financials 2011 SAP AG. All rights reserved. 7

8 Agenda SAP BusinessObjects Disclosure Management and the problem it solves SAP BusinessObjects Disclosure Management Solution Overview Demo / Screens SAP rapid deployment solution for financial close and disclosure management Quick Time to Value Implementation Services Summary and next steps 2011 SAP AG. All rights reserved. 8

9 SAP BusinessObjects Disclosure Management Reduce the time, risk and cost of regulatory disclosures Speed and flexibility Automate disclosure processes to accelerate the last mile of finance Collaboration Enable communication, workflow and approvals across the organization Compliance and control Publish auditable, reliable financial and regulatory statements 2011 SAP AG. All rights reserved. 9

10 Speed and Flexibility Automate disclosure processes to accelerate the last mile of finance Accelerate the generation of financial and non-financial statements while reducing the cost of compliance Integrate data from multiple sources for a comprehensive and trusted view of the organization Optimize the entire financial close process end-to-end, from source to digital disclosure 2011 SAP AG. All rights reserved. 10

11 Collaboration Enable communication, workflow and approvals across the organization Assign responsibility of disclosure processes to distributed teams across organizational units Automate integration and data flow to reduce redundant, manual processes and errors Designed for ownership by finance professionals for ease of use and sharing of information 2011 SAP AG. All rights reserved. 11

12 Compliance and Control Publish auditable, reliable financial and regulatory statements Reduce disclosure risk through in-house management and production of trusted financial statements Support multiple types of financial and regulatory reporting statements in a wide range of publication formats Enable finance professionals to create XBRL-based statements without technical training 2011 SAP AG. All rights reserved. 12

13 Disclosure Management Architecture Input SAP BusinessObjects Disclosure Management Output Entity Close Data (e.g. General Ledger) Workflow External files (e.g. Spreadsheets) Data Repository Document Mgmt Output Processor Business Intelligence (e.g. Data Warehouse) Word Processor Corporate Close Data (e.g. Consolidations, Notes) Holding SGE 1 SGE 2 SGE 3 ZH 2 EG 3 EG 5 SGE 4 ZH 1 EG 1 <HTML> EG 4 EG 6 EG 2 This presentation and SAP s strategy and possible future developments are subject to change and may be changed by SAP at any time for any reason without notice. This document is 2011 SAP AG. All rights reserved. provided without a warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement 13

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22 XBRL Instance Documents XML-tagged files and a readable preview for verification 2011 SAP AG. All rights reserved. 22

23 Agenda SAP BusinessObjects Disclosure Management and the problem it solves SAP BusinessObjects Disclosure Management Solution Overview Demo / Screens SAP rapid deployment solution for financial close and disclosure management Quick Time to Value Implementation Services Summary and next steps 2011 SAP AG. All rights reserved. 23

24 SAP and a Global Partner Ecosystem offer Rapid Deployment solutions to meet specific business needs SAP RAPID DEPLOYMENT SOLUTIONS Service Software Enablement Content Software Quickly address the most urgent business processes Content SAP best practices, templates and tools make solution adoption easier Enablement Guides and educational material speed end user adoption Service Fixed scope and price provides maximum predictability and lowers risk 2011 SAP AG. All rights reserved. 24

25 which allow predictability, out-of-the-box integration and adoption choices as business demands SAP RAPID DEPLOYMENT SOLUTIONS Predictability Fast value in days/weeks Fixed cost and fixed best practice scope Integration Integrated start and growth options Immediate and future IT and business processes landscape integrity Choice Modular packages to meet specific business needs and allow individual adoption paths Flexible licensing and deployment options 2011 SAP AG. All rights reserved. 25

26 SAP BusinessObjects EPM Financial Close and Disclosure Management rapid-deployment solution What s Included Local data collection and control Group consolidation Financial statements production and regulatory reporting rated allocations Last Mile of Finance XBRL taxonomy design Financial statements tagging and publishing Key Benefits Step-by-step guides to deal with the most complex consolidation scenarios with consolidation applications. Fast implementation with out of the box reports XBRL reporting option System/Landscape Requirements SAP BusinessObjects Financial Consolidation or SAP BusinessObjects Planning and Consolidation SAP BusinessObjects Disclosure Managment PLANNED INNOVATIONS 2011 SAP AG. All rights reserved. 26

27 Agenda SAP BusinessObjects Disclosure Management and the problem it solves SAP BusinessObjects Disclosure Management Solution Overview Demo / Screens SAP rapid deployment solution for financial close and disclosure management Quick Time to Value Implementation Services Summary and next steps 2011 SAP AG. All rights reserved. 27

28 Quick Time to Value Implementation Services

29 Service Offering Benefits Faster implementation times with predefined delivery essentials Affordable, fixed priced options based on customer needs / landscape Scope allows for some variability without additional cost SAP or Partner delivered 2011 SAP AG. All rights reserved. 29

30 RDS Methodology: Fixed scope and cost for fast time to value with lower risk 1 Start 2 Deploy 3 Run Project management Kick-off workshop participation Checking technical infrastructure Mutually-approved scope document Working EPM system Expectations Implementation Testing Key User Training Results Successful rollout and adoption Configuration documentation User-acceptance testing Onsite and remote support Superior support to ensure smooth functioning Note: This slide represents a typical deployment. Exact details may differ according to solution SAP AG. All rights reserved. 30

31 Rapid Deployment of Financial Close and Disclosure Management Project steps in a Co-realization approach: Requirements analysis and confirmation Software installation Knowledge transfer and documentation Implementation of the XBRL mapping 5 Report templates Tests and Customer validation follow-up Project Management Scope: Disclosure Management and XBRL IFRS starter kit installations XBRL mapping with customer chart of accounts update Produce the 5 mandatory XBRL SEC 20-F reports Technical and Functional Documentations 3 Options: BPC, BFC, DM only 2011 SAP AG. All rights reserved. 31

32 Typical RDS Project Responsibilities: Co-Realization Approach Steps Start Deploy Run Prepare Project Kick off workshop Select Options Activate Solution Confirm Solution Acceptance Testing End-user Training and Organisation Change Management Prepare Production Check Installation Train Key Users Project Sign-off &Support Set up Customer Data Transport SAP / Partner involvement Customer involvement Note: This slide represents a typical deployment. Exact details may differ according to solution SAP AG. All rights reserved. 32

33 Project options implementation time Option 1 Week Financial Consolidation Disclosure Management (25 days) Option 2 Week Planning & Consolidation Disclosure Management (20 days) Option 3 Week Other source Disclosure Management (30 days) Financial Consolidation (FC) assets Disclosure Management for FC assets Planning and Consolidation (PC) assets Disclosure Management for PC assets Disclosure Management for other source assets 2011 SAP AG. All rights reserved. 34

34 Agenda SAP BusinessObjects Disclosure Management and the problem it solves SAP BusinessObjects Disclosure Management Solution Overview Demo / Screens SAP rapid deployment solution for financial close and disclosure management Quick Time to Value Implementation Services Summary and next steps 2011 SAP AG. All rights reserved. 35

35 Customers achieving results To handle all its externally facing reports, corporate financial reporting is ramping up its use of SAP BusinessObjects Disclosure Management. Going forward, the application will be used to produce the entire SAP annual report. SAP expects to see additional efficiency gains from the SAP BusinessObjects Disclosure Management functionality, such as automation of data transfer, document control functionalities, and automated workflows. Our team is now able to collaborate and work in parallel on the creation of our financial statements with full confidence that we are always working with the current version, complete with a full audit trail. As a result, we have been able to realize significant time savings during the final publication and formatting of our regulatory reports. Dr. Hans-Jörg Harth, head of Group Reporting 2011 SAP AG. All rights reserved. 36

36 SAP BusinessObjects Disclosure Management Reduce the time, risk and cost of regulatory disclosures Key Features Speed and Flexibility Accelerate the generation of disclosure statements Integrate data for a single view across the organization Optimize the close from source to digital disclosure Business Value Reduces Time Accelerates the collection and management of information across the entire enterprise to support regulatory disclosures Collaboration Assign disclosure responsibility to distributed teams Automate integration and data flow Designed for ownership by finance professionals Reduces Cost Streamlines and automates the collection, validation, and approvals with an easy-to-use, visual interface Compliance and Control In-house production of trusted financial statements Support multiple financial and regulatory statements Enable creation of XBRL-based statements Reduces Risk Enables the production and publication of reliable, complete, and auditable financial and regulatory statements 2011 SAP AG. All rights reserved. 37

37 Experience our new CFO and Finance Leadership Center by visiting For details of our solution for disclosure management, please visit

38 Questions

39 Thank You!

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