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By Cedric Read Hans-Dieter Scheuermann The mySAP Financials Team

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THE NEW FINANCE VALUE PROPOSITION Most CFOs interviewed for this book said they wanted the role of the finance function to be that of business partner. However, when asked what this really meant in practice, many CFOs find this new role difficult to describe. This isn’t really surprising since decision support, which underpins this concept of business partnership, is an ill-defined and gray area. The term “decision support” can cover anything from strategic investment appraisal, to business planning, to performance management using scorecards, to just simple drill-down for analysis of historical spend.

Exchanges provide an evolutionary path for a company and its business partners to more efficiently automate business processes – using Web services where appropriate, and better leveraging investment in existing ERP and other technologies. 027-061 FIN 17/1/03 1:41 pm Page 44 Leveraging your ERP Investment possible to manage diverse, highly heterogeneous components from a multitude of vendors, which run in various technology environments. Exchange-based process integration removes the problems of direct connections by extracting shared collaboration knowledge.

Consider options for both insourcing and outsourcing. Consider the new market for managed services, business processes, applications management, as well as IT infrastructure and support. Plan for richer, deeper Web-based services. CONNECT STRATEGY WITH OPERATIONS Focus your future investment on strategic enterprise management initiatives which create tangible added value. For performance management, strive for a living conversation throughout your company. Translate growth-creating strategies into KPIs (key performance indicators).

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