Fast-forward finance transformation

Today’s constantly evolving environment demands a finance organization 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—analyzing the final results. Deloitte’s extensive ERP implementation experience and harmonization 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 organizations 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.

Potential benefits

• 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
• Maximize your investment in SAP technologies
• Deliver new business value with a modernized finance function supported by SAP Central Finance
• Position your business to evolve with disruption—enabled with intelligent Kinetic Enterprise capabilities, focused 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

Make an impact that matters

When it comes to finance transformation and SAP technology enablement, Deloitte can serve as a total partner—working effectively as an extension of your team. We do more than help you deploy technology. We help you activate disruption-ready, built-to-evolve Kinetic Enterprise capabilities across all facets of your business. In addition to industry-specific finance and technology specialists, we also bring along specialists in data, analytics, procurement, supply chain, HR, customer experience, and more—to help align your transformed finance function with new solutions and to help you make an impact that matters.

We are widely recognized for our deep industry-specific finance transformation experience and 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. Also key to Deloitte’s strength: our extensive relationship with AWS, which means we can deliver a spectrum of capabilities to help accelerate and strengthen your ability to operate and innovate with an SAP environment running securely on AWS.

Take the next step

If transforming finance fast and effectively—and building it to evolve—is a priority for your organization, we should talk. We can provide a demo of Kinetic Finance Startup, discuss a specific challenge your organization is facing, and help you determine whether Kinetic Finance Startup is a good fit for you.