Financial Close Transformation Industry Derivative
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Key Takeaways
⇨ Learn about the current pain points SAPinsiders at industrial organizations experience across the financial close cycle.
⇨ Explore the financial close transformation initiatives that SAPinsiders at industrial organizations prioritize as they consider a move to SAP S/4HANA.
⇨ Gain insights on financial close transformation from finance and accounting professionals across the industrial industry.
SAPinsider recently surveyed its members for the Financial Close Transformation benchmark report to better understand the strategic priorities of SAP organizations and their approaches to financial close transformation. You can download the full report here. This industry derivative examines the differences in the financial close transformation priorities and strategies between respondent organizations from the industrial sector (which includes manufacturing, energy, natural resources, and agricultural organizations) and their peers.
The benchmark report reveals that most SAP organizations are taking or plan to take a phased approach to digital transformation across the finance function. This is reflected as the top overall driver of financial close transformation—the move to SAP S/4HANA as an opportunity to consolidate financial activities and/or modernize F&A functions. This is also the top driver of financial close transformation for finance and accounting (F&A) professionals in industrial organizations (69 percent) and represents a bigger priority relative to peers from other industries (43 percent).
Download the industry derivative to read the insights and leverage the experiences from SAPinsider community members associated with financial close processes at industrial organizations.
Explore related questions
- Learn about the current pain points SAPinsiders at industrial organizations experience across the financial close cycle.
- Explore the financial close transformation initiatives that SAPinsiders at industrial organizations prioritize as they consider a move to SAP S/4HANA.
- Understand the financial close transformation strategy objectives of industrial industry respondent organizations.
- Gain insights on financial close transformation from finance and accounting professionals across the industrial industry.
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