Kinetic Finance Startup: Fast-forward digital finance transformation
Accelerating the finance function’s data journey
All eyes are on the finance departments these days – where, for many organizations, digital transformation is long overdue. Kinetic Finance Startup can help enterprise leaders harness the combined power of smart technologies, Deloitte, and AWS Cloud to dramatically accelerate the transformation journey with SAP Central Finance and the S/4HANA.
In today’s constantly changing world, you need a finance department that can keep up with the times. The ultimate goal is a kinetic finance function 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, the daunting prospect of launching a major transformation initiative becomes even more daunting during our uncertain times. What if digital transformation didn’t have to be so big? Or so painful?
Kinetic Finance Startup: Machine learning and robotics to jump-start digital finance transformation
Kinetic Finance Startup begins with a fuzzy matching process relying on machine learning (ML) technology and then uses robotic process automation (RPA) to rapidly migrate your existing financial data and reporting files into a landscape that is aligned with the SAP Central Finance component of SAP S/4HANA, the digital core ERP.
Thanks to innovations in Amazon Web Services (AWS), Kinetic Finance Startup allows your workforce to spend less time on transformation and focus more on what really matters – analyzing the resulting data. Deloitte has extensive ERP implementation experience as well as a set of harmonization rules that use AWS Glue, AWS Lambda, and AWS Step Functions to tackle the tedious implementation work that humans typically have to do – work that requires an inordinate amount of effort and delays time to value. By combining AWS Quick Start with Deloitte’s advanced robotics and digital automation, you can automate the entire build and deployment of your target SAP S/4HANA environment. This solution promises to deliver the same level of value when it comes to end results, but it does so in less time. Using Kinetic Finance Startup, some organizations are ready to go live with a new SAP S/4HANA Central Finance architecture in as fast as six months. Compare that to the ten to twelve months it might take for a traditional SAP Central Finance deployment.
Kinetic Finance Startup effectively enables SAP Central Finance to “self-configure” as the first step in your finance transformation journey. The solution harnesses robotics and machine learning to extract and understand the structure and the sources of your financial data – whether it comes from ledgers, a chart of accounts or other finance-relevant repositories – and then translates it all into a prototype framework. This is a light, zero-footprint solution thanks to Deloitte’s OpenCloud platform powered by the AWS serverless architecture. That means from day one of implementation to the day your cloud-managed services are up and running, Kinetic Finance Startup offers a hassle-free experience.
Stable value – with less effort
For IT leaders and CFOs, Kinetic Finance Startup not only saves time; it also saves effort. Their teams aren’t tied down with preliminary legwork such as design workshops or requirements gathering, but are free instead to focus on guided analysis and validation of results, with rapid iterations to incorporate new findings.
Kinetic Finance Startup starts with a touchless implementation that runs over the weekend, using your existing ERP data to configure a new finance data model and automate the build of a new SAP S/4HANA Central Finance environment. From there, Deloitte works with you to review the new system and adapt it to align with your business processes and goals. Even if the automated finance data model misses the mark by 50%, Kinetic Finance Startup lets you hit the ground running with a new architecture that is at least half built – a significant time savings in your overall transformation journey.
What you stand to gain with Kinetic Finance Startup:
- A simplified and improved implementation experience
- Accelerated digital finance transformation and innovation
- Improved data accuracy and control
- Streamlined and simplified financial data and structures
- New intelligence and insights for your finance data, while delivering a single source of truth
- Reduced effort for your finance and IT teams
- The opportunity to shift talent and resources to more value-adding activities
- The ability to maximize your SAP investment
- New business value with a state-of-the-art finance function supported by SAP Central Finance
- A business well-positioned to evolve at the pace of disruption – enabled with smart Kinetic Enterprise capabilities, focused on a clean core and cloud technologies
- Reduced transformation risks
- Accelerated buy-in for the solution thanks to better change management
- The benefits of AWS innovation services including security and compliance experts
Make an impact that matters
When it comes to digital finance transformation and leveraging SAP technology, Deloitte is a true partner – effectively working as an extension of your team. We do more than just help you deploy technology. We help you achieve a disruption-ready, built-to-evolve Kinetic Enterprise across all facets of your business. In addition to industry-specific finance and technology experts, we have specialists in data, analytics, procurement, supply chain, HR, customer experience, and more. They are standing by to help your transformed finance function find new solutions that are right for you, so that your enterprise can make an impact that matters.
Deloitte has achieved wide recognition for our deep industry-specific expertise in digital finance transformation and for our ability to help clients deliver results, with more than 25,000 SAP-focused professionals worldwide and a 30-year history of collaborating with SAP. Our long list of awards and accolades includes multiple annual SAP Pinnacle Awards for SAP S/4HANA—including 2020 SAP Pinnacle Awards as SAP S/4HANA Partner of the Year and SAP S/4HANA Cloud Partner of the Year. Thanks to our deep relationship with AWS, we also offer a wide range of capabilities that help accelerate and strengthen your ability to operate and innovate with an SAP environment running securely on AWS.
Take the next step
If you are looking for a fast and effective digital finance transformation – one that is built to evolve – let’s talk about it. We would love to arrange for a demo of Kinetic Finance Startup, to discuss any specific challenges your organization is facing, and to help you determine whether Kinetic Finance Startup is a good fit for you.