CFO Insights

"e;The benefits Carrefour achieved have been substantially in excess of predictions. The Shared Service accounting centers enabled streamlined processes, lowered costs, and introduced standard processes, a standard system, and standard data for a global company. The new infrastructure can support rapid expansion and can add new stores with the flip of a switch. From a systems point of view, Carrefour now has a 'factory' in place to deliver high-efficiency systems, tools, processes, and training."e; --From Chapter 9, Implementation and Operational Imperatives for ERP "e;The benefits of efficient information delivery are demonstrated by the results of one of the world's largest mySAP.com implementations. Siemens achieved a twenty-five percent cost reduction through streamlined information delivery and improved access to financial information. It also enhanced its reporting capabilities from seventy percent to nearly 100 percent through increased intranet availability."e; --From Chapter 3, Financial and Management Reporting Research shows that high-performance businesses and governments use finance technology as one of the capabilities to help executives make better decisions for resource allocation, while at the same time increasing productivity. CFO Insights: Enabling High Performance through Leading Practices for Finance ERP includes a number of case studies and lessons learned from Accenture clients across a variety of industries that have implemented, upgraded, and operated Oracle/PeopleSoft and SAP. Each case study highlights vital thoughts, benefits, and considerations and provides relevant guidance as one proceeds with an ERP on the journey toward high performance.

"The benefits Carrefour achieved have been substantially in excessof predictions. The Shared Service accounting centers enabledstreamlined processes, lowered costs, and introduced standardprocesses, a standard system, and standard data for a globalcompany. The new infrastructure can support rapid expansion and canadd new stores with the flip of a switch. From a systems point ofview, Carrefour now has a 'factory' in place to deliverhigh-efficiency systems, tools, processes, and training."From Chapter 9, Implementation and Operational Imperatives forERP"The benefits of efficient information delivery are demonstrated bythe results of one of the world's largest mySAP.comimplementations. Siemens achieved a twenty-five percent costreduction through streamlined information delivery and improvedaccess to financial information. It also enhanced its reportingcapabilities from seventy percent to nearly 100 percent throughincreased intranet availability."From Chapter 3, Financial and Management ReportingResearch shows that high-performance businesses and governments usefinance technology as one of the capabilities to help executivesmake better decisions for resource allocation, while at the sametime increasing productivity.CFO Insights: Enabling High Performance through Leading Practicesfor Finance ERP includes a number of case studies and lessonslearned from Accenture clients across a variety of industries thathave implemented, upgraded, and operated Oracle/PeopleSoft and SAP.Each case study highlights vital thoughts, benefits, andconsiderations and provides relevant guidance as one proceeds withan ERP on the journey toward high performance.

Acronyms/Abbreviations.1 Overview of Finance Solutions Leveraging Leading Practices.Introduction: A New Look at Finance ERP.Defining Core Financials.High-Performance Finance.Defining ERP.Programs--Not Projects.Leading Practices Enabled with ERP.ERP Journey Considerations.The Hackett Group on World-Class Finance Organizations.CFO Insights.From Insight to Action.2 Leveraging the Financial Close to Gain a Competitive Advantage.Financial Close: An Overview.Benefits from a World-Class Close Initiative.World-Class Close Leading Practice Initiatives.System/ERP-Specific Leading Practice Improvements.Deciding Which World-Class Close Leading Practices to Adopt.Future World-Class Close Trends.Case Study Summary.The Hackett Group on Leveraging the Financial Close to Gain a Competitive Advantage.CFO Insights.From Insight to Action.3 Financial and Management Reporting.Financial and Management Reporting: An Overview.Designing Financial and Management Reporting with ERP Solutions.Non-Process-Related Considerations.Role of Third-Party Software Solutions.Future Trends.The Hackett Group on Financial and Management Reporting.CFO Insights.From Insight to Action.4 Procure to Pay for the Next Generation.Procure to Pay: An Overview.Process Design: Leading Practices & Emerging Trends.Third-Party Software: Enhancing the ERP Solution.Future Trends.The Hackett Group on Procure to Pay.CFO Insights.From Insight to Action.5 Asset Lifecycle Management.Asset Lifecycle Management: An Overview.Asset Lifecycle Management Benefits.Beginning the Implementation Journey.Asset Lifecycle Enabled with ERP.Industry Adaptability.Role of Third-Party Software Solutions.Future Trends.CFO Insights.From Insight to Action.6 Order to Cash Management.Order to Cash: An Overview.Order to Cash Enabled with ERP.The Hackett Group on Order to Cash.CFO Insights.From Insight to Action.7 Tax Management.Tax Management: An Overview.Direct Taxation.Indirect Taxation.Tax Insight.Future Trends.The Hackett Group on Tax Management.CFO Insights.From Insight to Action.8 Implications of Regulatory Compliance.Compliance: An Overview.The Lead-up to Sarbanes-Oxley.Sarbanes-Oxley: An Overview.How ERP Vendors Will Assist with Sarbanes-Oxley Compliance.International Financial Reporting Standards.IFRS: An Overview.The Hackett Group on Compliance Impacts.CFO Insights.From Insight to Action.9 Implementation and Operational Imperatives for ERP.Introduction.I. TRANSFORMING FINANCE THROUGH ERP-ENABLED SHARED SERVICES.Shared Services Defined.Shared Services and ERP.ERP Solutions Can Help Reengineer Processes with Leading Practices.ERP Solutions Provide a Technology Platform to Support the Shared Services Model.The Final Word on Shared Services and ERP.The Hackett Group on Shared Services.II. ENTERPRISE PERFORMANCE MANAGEMENT.Overview.Enterprise Performance Management Tools: Current State.The EPM Framework.EPM Framework Delivery.Requirements and Attributes of Successful EPM Solutions.The Hackett Group on Enterprise Performance Management.III. TOTAL COST OF OWNERSHIP.Overview.Total Cost of Ownership Defined.ERP Solution Cost Drivers.Invisible Cost of Ownership.The Hackett Group on Total Cost of Ownership.CFO Insights.From Insight to Action.Biographies.Index.