From Craig Himmelberger, SAP
In my earlier “Power of Connection” blog article on SCN, I wrote about the great opportunities that exist to make valuable connections between the better insights found in our treasury systems, and the policies and procedures of various operational working capital systems.
Following on from my earlier thoughts on this subject, just one month ago SAPPHIRENOW 2014 gave me opportunity to reflect on how far technology has come in a very short time, since “HANA” and “Cloud” were just buzzwords and not yet the center of corporate boardroom conversation. I was joined in a Treasury Solutions demo theater by colleagues from our Ariba and Financial Services Network solution teams. I was pretty excited, as SAP Cash Management powered by SAP HANA was being given its proper SAPPHIRE debut, with full demonstration of the Fiori dashboard user interface (beautiful!) and the practically instant return of in-depth analytical content related to cash positions and anticipated liquidity requirements.
See the future taking place
You know how you read all about something and you think you know it pretty well? I had seen the conceptual walkthroughs of the full Cloud networked solution, complete with the Ariba buyer/supplier portal and the Cloud-based corporate-to-bank connectivity within the SAP Financial Services Network, but I was hardly prepared for the experience of seeing it all together as if for the first time. When you’re used to the beauty of each one of the parts individually, it’s not always easy to take a step back and see the future taking place right in front of your eyes.
Know what’s needed, and when
Seconds after producing a comprehensive cash requirements analysis, and determining a rock-solid liquidity projection for two weeks out, based on purchasing, sales order and everything else available in the Simple Financials system, I finally was able to look at the navigation screen of the Ariba Working Capital Optimizer with opened eyes. The Treasurer knows what is needed, and when. The figures are entered there as simple as you please. And one click yields a paradise of invoice (if you have an excess and want to invest in some instant 1% and 2% discount opportunities among your suppliers) and receivables open items (if you’re short, and want to offer a little sweetener to some of your customers to pay you early, and literally finance your ongoing operations for you) that can be selected with a swipe of a finger. (You have a touch screen, don’t you?)
Maybe I’ve been a finance guy for too long, but Fruit Ninja has nothing on being able to select exactly what you need to make the most of your investible working capital, or reduce (or eliminate) your borrowing costs to the bank. Best of all, after you’ve chosen (collaboratively—it’s in the Cloud!) the items to settle with your buyers and suppliers, the FSN is there to expedite the transactions. Choose from a range of financial institutions—not just a single bank—and get the best terms and the best rates available.
I’ve seen the future, and it’s connected.