UK manufacturers must take note of the focus on innovation following Sturgeon’s announcement

UK manufacturers must take note of the focus on innovation following Sturgeon’s announcement

Following the news that Nicola Sturgeon has committed to a centre of excellence for manufacturing in Scotland, manufacturers in the UK as a whole should take note of the focus on technology and innovation to increase growth and narrow the current skills gap.

Partho Bhattacharya, MD and President of Invenio, has commented on the importance of addressing new technologies to get ahead in manufacturing:

“With recent data from the Office for National Statistics having shown that UK industrial output suffered its sharpest monthly drop in three years, manufacturers need to constantly evolve operations to achieve growth. Nicola Sturgeon’s commitment to launching a manufacturing centre of excellence in Scotland is a great way to drive innovation and address the skills gap currently affecting the sector.

“In an increasingly volatile climate, manufacturing companies who do not utilise the advice and technology available to modernise operations will quickly fall behind. It is therefore reassuring to see that the Scottish Government is implementing a strategy for the manufacturing sector which focuses on working with companies to assess the benefits of new technologies, and encourage their take-up.

“Whilst this initiative is focussed on Scotland, manufacturers across the UK should always seek to achieve constant innovation, whether that’s driven internally or through partnering with third party experts. Whilst it’s not possible for centres of excellence to be launched everywhere in the UK, with the right knowledge and advice, expert partners can help manufacturers to utilise technology to drive efficiency and growth.”

To read the full article, please visit: http://www.manufacturingglobal.com/peopleskills/677/UK-manufacturers-must-take-note-of-the-focus-on-innovation-following-Sturgeons-announcement

Media Contact

Kofo Are, Head of Marketing

+44 7833445335

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

kofo.are@invenio-solutions.com

 

How technology can help manufacturers during a skills crisis

According to data released by the Automotive Council and SMMT today, the success of the UK manufacturing industry is being threatened by a lack of skills. Partho Bhattacharya, MD and President of Invenio, comments on how technology and innovation can help manufacturers maintain productivity and growth during a skills crisis:

“The data released today by the Automotive Council and SMMT demonstrates that the current success of the UK car manufacturing industry is hinging on a serious lack of skills. While upskilling the workforce and ensuring the right education is key and needs to be addressed quickly, this is not going to help manufacturers who are struggling right now. To maintain productivity and growth during a crisis, businesses need to look for alternatives and lean on third-party experts for guidance. With the right know-how concerning technology and innovation, manufacturers can help minimise the impact of these kinds of pressures.

“Implementing the right technology to drive efficiency within manufacturing organisations regardless of the skills challenges experienced is essential. By putting the right technology in place to manage R&D spend, improve visibility and enhance customer service, manufacturers can better equip themselves against resource or skills shortages. Intelligent use of data and analytics is also integral to future-proofing businesses against unexpected changes in industry. By tackling these issues head-on and ensuring technology plays an important role in driving operational efficiency, car manufacturers will be able to meet demand and remain competitive as it continues on its journey to upskill the future workforce.”

 

Media Contact:

Krithika Arun

+44(0)330 440 1800

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

krithika.arun@invenio-solutions.com

Invenio P2P Solution Event for SAP Users, 22 May, London

We invite you to be part of our very own, not to be missed P2P event for SAP customers, introducing Invenio’s P2P Solutions on May 22, Churchill War Rooms

 

Procurement businesses globally are moving to a ‘self-service’ model. This model is about transferring the onus of managing the procurement relationship to the supplier.

Join senior business executives from both the Public and Private Sector, with responsibility for implementing web-enabled P2P strategies. These professionals are also responsible for internal cost reduction, making financial management easier, improving existing processes, & rebalancing the division of labour between internal staff and suppliers.

Learn to:

  • Reduce costs
  • Improved data accuracy
  • Better compliance
  • Improved supplier – customer relationship

Recognising this trend, for a ‘self-service’ model, Invenio – an SAP Gold Partner – has developed Invenio’s P2P Solutions, a procure-to-pay framework that can reduce the administrative overhead of a procurement organisation by up to 60%.

Invenio’s P2P Solutions has recently been implemented at the Universal Music Group – the world’s largest music company – across its offices globally spanning over 100,000 users.

Key people from Invenio and Universal Music will be talking about Invenio’s P2P Solutions – origin, evolution and benefits. There will also be an interactive Q&A discussion where you will be able to ask questions – technical and business related – and get answers from the experts.

Register Now! This event is not to be missed, see the full programme here, take a look at this action packed event.
Do you know of others who would be interested in such an informative and interactive event? Don’t hesitate to pass this on.

Let’s keep up to date and make progress and cost savings happen! We look forward to welcoming you in London on 22 May.

Warm regards,

Christine Cockerton
Marketing Manager

Automation of the Procure to Pay function, is this the “Holy Grail” everyone is after?

ThumbsupspeachA colleague says “So, as the finance director you oversee purchasing and spend decisions?” Your response is likely to be “Yes, you’re right I am responsible for spend decisions and would like to see as little operating cost as possible.”

So what is Procurement?

“Procurement means the whole process of acquisition from third parties (including logistical aspects) and covers goods, services and construction projects”– Crown Commercial Service (Government)

‘Procurement’ covers all activities that involve buying, contracting, purchasing, sourcing or tendering; it incorporates lots of divisions and lots of personnel. Procurement could, account for up to around 50% of the costs to an organisation, so no pressure at all to try and reduce the spend!

By seeing the procure-to-pay process in its entirety, buying and paying for goods and services, to the request for the product by the operations staff, to the issuance of the purchase order, receipt of the goods, and finally payment of the invoice. You can see quite how much this involves, a lot of which is manually operated.

P2P Focus

Over the past few years there has been more focus on procure-to-pay, with a marked increase in conferences, seminars and also organisations wanting to specialise in improvements in P2P. The focus now is on procurement and with it accounting for so much of your business, it’s about time. So what are the problems of procurement?

Manual Rules the Roost

‘Time is money’ and nothing could be truer than this in procurement. Currently a lot of the processes and systems are still very manual, this can be a big problem, it can mean time delays, manual input errors and frustrations for those involved. Here are some key things that come up time and time again in procurement as needed for improvement, here we will address a number of these.

  • Reduce admin
  • Improve efficiencies
  • Having a clear insight
  • System integration problems – that is when you find a solution!
Reduce Admin

As an organisation you currently have very manual processes, with lots of data input. Wouldn’t you like to change that? With a few alterations, you really can re-engineer the division of labour. I’m sure currently internally you are:

  • Looking at info
  • Registering suppliers
  • Processing / approving quotes
  • Checking budget availability
  • Raising PO’s
  • Chasing sign-off
  • Checking goods receipts
  • PO Matching
  • Processing invoices
  • Approving payments

And what are the suppliers doing?

  • Submitting quotations
  • Sending invoices

This is typical scenario with your employees doing 80% of the admin load and suppliers doing 20%, it’s about time the tables were turned.

So here’s how it works

With a P2P system such as Invenio’s P2P Solutions, you can have the following benefits:

Reducing your admin – Suppliers register and manage their own master data and submit quotes and invoices.

Improving your efficiencies – ‘One click approvals turning quotes to purchase orders’, fully automated workflows for multi-level spend authorisation, in-built security, budget allocation and approval processes to make it easy, fast and efficient.

Giving you clear insight – Manage budgets and authorisations on one global platform. For ready visibility across all cost-centres, projects, budgets and geographical locations.

Eradicating integration and consolidation headaches – Purchasing information sits inside SAP and so it’s always ready, always up to date and becomes a part of your existing investment in SAP.

All of this results in the ultimate goal of the division of labour being reversed. Some processes are totally automated and will flow through the system without the need for any manual handling, resulting in speedier processes and less laborious tasks. You really can now have your employees approving quotes and approving payments, all whilst the supplier is now:

  • Registering and doing data maintenance
  • Uploading quotes
  • Notifying goods and services delivery
  • Raising invoices

As the financial director, wouldn’t you like to say “well yes, that slick operation is mine, we have created a system to reduce costs and to make procurement processes more streamlined and automated”. The overall result being a reduction of costs for the whole procurement team.

To find out more about how Invenio’s P2P Solutions P2P can help you to become automated, please do get in touch.

HANA, the British Sunshine and a Naval Ship: What an event!

photo-32Following the previous blog “SAP HANA Evaluation: Why Invest?” it’s only right we update you on the event. Well what can I say? Yesterday was an exciting day for the Invenio team; it marked our first 2014 event for HANA. We held the event on HMS Belfast in London, a unique ship and venue. She is the Royal Navy’s last surviving cruiser, the largest preserved warship, and the only surviving cruiser built in the 1930s.

Luckily for us, the weather was kind, and you can’t help but love our capital city in the sunshine! We were really looking forward to showing the audience our capabilities with HANA, we have a good reputation in the marketplace for our work with this superb appliance. We currently hold the SAP EMEA Regional Partner Excellence Award 2014 in the category “Database and Technology”, awarded to us for our HANA Lab Innovation. Invenio have the largest HANA Partner deal worldwide, so we are becoming known as an organisation with expertise.

We wanted the day to be very open, to have a relaxed and casual feel to it; it was all about the delegates getting the best out of the day and giving them the opportunity to ask questions specific to their business needs. We had a large table with the speakers sitting amongst the delegates, to really allow open discussions amongst everyone.

The day started with a short and informal introduction from our Managing Director, Partho Bhattacharya, who has worked with the teams in the UK and India on the Universal Music HANA project. He explained that as an organisation, we started investing in HANA in mid 2013, despite HANA being available for the past 3 years. The reasons for this can be seen in our previous blog ‘Big Data, Hype of Reality?’ As Partho explained “if you use a PC, you will somewhere be using in-memory technology”, although you may not realise it!

SAP: Zach Dover

Our first speaker was Zach Dover from SAP, he presented ‘Reinventing Businesses through Innovation, Value & Simplicity’, a relevant, entertaining and understandable piece. This raised a number of questions from the delegates and helped them to understand HANA alongside business needs. As he explained, the way a consumer purchases is different. The way we interact and engage in 1-2-1 relationships with consumers has changed. You can send an e-mail to a customer service centre and wait a day or two for a response, if you tweet a complaint, you will receive an almost immediate response. All this creates data, a lot of which is unformatted and text, such as e-mails and social media tweets, postings and updates. With HANA you can uncover the value in your data and make it accessible to all in your organisation. HANA has shown people, they can unlock questions they never thought possible to answer, or even to discover it can answer questions they never realised they needed an answer to. Zach’s presentation was well received and really opened up the areas for discussion.

Universal Music

Universal Music, came to present a HANA case study using their evaluation, what it has done for them and where they hope to take the developments in the future. They started by explaining that an artist is no longer just someone that makes music, they are now becoming a brand, a shift seen over the past 5/10 years. Life with these artists is a lot more complicated – not just because some are divas! But due to the different streams and aspects that comes with an artist, such as merchandising, social media, direct-to-fan, brand partnerships, to name a few. With all of this comes data and lots of it!

Universal is fairly unique in the fact it has one SAP instance across the whole organisation; information can be seen across some 70 countries. So whatever is done can be replicated in the other 70 countries. With the revenue reducing from the music, the shift in emphasis is on the other elements. Universal can use the revenue from the various data streams when in negotiation with artists, to show the number of sales they need, number of downloads/streamings to generate target revenue, etc. This also varies in different countries, some are now into streaming music, but places such as Japan, still like to buy a physical CD, so these elements can be accounted for.

Universal Music are not looking at HANA as a quick term fix and have looked at this from a long term roadmap, where they are now, where they would like to be and then future developments. The current installation of HANA has been all about month end, for 20 days per month the system is unused and then the billions of records are uploaded towards the end of the month, as a result month end can take up to 10 days. Because of the native features of an SAP system, a journal entry in SAP can take up to 4 hours to appear in the consolidation tool (Hyperion).

In the POC that Invenio conducted in the HANA Lab, it was demonstrated that the delay of 4 hours, can be brought down to 5 minutes. Also, HANA’s power can be utilised, to make data upload much faster and allow the business to run reports much quicker.

‘Words of Wisdom’

To close their section, Universal Music shared with the delegates what they call ‘words of wisdom’ from the HANA Evaluation:

  • Identify your Business, Financial and Technical Drivers /Objectives/Constraints for the HANA project
  • Liaise closely with SAP and Support partners ensure your Roadmap is in-line with the SAP Roadmap
  • Limit the number of HANA options reviewed
  • Keep the POC process as short and focused as possible
  • Define measurable deliverables
  • HANA alone is not the answer to all of your businesses problems!
  • Don’t underestimate the hardware and architecture required

Following all the presentations, a panel discussion took place around the table; here are just a few of the questions asked by delegates.

  • Why wouldn’t a new ECC customer go straight to HANA?
  • What happens to commitments with commercials such as Oracle, if moving to ECC with HANA?
  • HANA is all about data in one place; our organisation has data everywhere, what is the process to get data in one place?
  • Total drilldown: Can you drill down to the original data with HANA? Other systems, don’t seem to be able to do this
  • Currently data is taking days to load, will this also be cut down?
  • If taking data from multiple systems, does the data need modelling?

To finish the day, there was a complimentary tour of HMS Belfast, what a remarkable experience, to see a piece of British history and to experience what life was like aboard for the 1963 crew. You are able to see the quarters, go aboard the 9 decks and onto the top deck with its spectacular view of London. HANA, the British sunshine and HMS Belfast made for a wonderful event!

 

HMSBelfastTo ask your own question, to see the comprehensive answers given to the questions raised or to understand more about HANA, please do get in touch with us.

SAP HANA Evaluation: Why invest?

278Today I was thinking have we connected with our blog readers enough? Have we told them of the progress we are making with SAP HANA? What it can do for them and their organisation? The conclusion I came to, was not enough! Here are a few answers to some questions you may have and also an opportunity to find out more. Happy reading!

So what is HANA?

HANA is an SAP platform to enable organisations and individuals to analyse huge volumes of ‘Big Data’ in a record breaking time. This In-Memory Appliance enables you to run real-time reports whilst continuing to add data, all at the same time as analysing and segmenting it, to plan and progress your business. HANA runs 3600 times faster than traditional disk based systems, meaning that data that can take hours or days to gather and analyse can be done in a matter of seconds.

The data that HANA uses can be captured from operational data or through the import of additional data, this means the data across the whole organisation can be utilised.

What have Invenio been doing with HANA?

The first and most important thing we realised is that there is not enough education around HANA, too few experts and too few knowledge sources. What did we do? We addressed it!

We have set up our own HANA lab, solely to make sure we are world class experts, we did this for you, our customer, to show the true capabilities of this superb software. We can perform test scenarios, using YOUR real data, to show you the true results that are relevant, meaningful and key to your organisation. We like to think of this as our ‘car showroom’, you wouldn’t buy a car without a test drive, we believe, HANA is the same.

Who has used the HANA lab?

Firstly, our employees. We used the lab to train and spread knowledge of HANA internally, growing the capabilities within our team. We aim to train our staff members to the highest levels, so they, in turn can help our customers.

Secondly the lab has been utilised by our customers considering HANA, we are able to run test scenarios using your personal data. We are able to manipulate it, run reports and show you in real-time what you can do with the vast volume of information your company generates. We are able to prove we can cut the time you spend analysing and segmenting the data.

Top 10 reasons for a customer to choose HANA

Here are some of the key reasons organisations are choosing to invest in HANA and the benefits they are receiving.

1. All data
HANA enables you to work with all data. Rather than working with lots of different and complex systems, HANA enables you to use one system with your complete data-set that is constantly being added to.

2. Any Source
HANA combines all of the data you gather, whether it is structured (fits into fields in a database) or unstructured (e-mail messages, word processing documents, videos, photos, audio files, presentations, webpages and many other kinds of business documents). You can then gain useful insights from this. This means you are not restricted to the data you already have in known and used databases and programmes.

3. Real-Time
HANA works in real-time. You can continue to collect the data, it can be constantly updating, but HANA will still be capable of turning that data into meaningful results. The fact you don’t need to add additional data, or stop the process and start at a dedicated time, means that the results are accurate and up to date.

4. Analysis
With HANA you can now unlock new insights and more complex data analysis. HANA is predictive and so is able to suggest and aid your analysis. Things that were previously too complex or impossible to analyse can now be done through HANA.

5. Applications
HANA has been designed to run on the next generation of applications. It will enable extra capabilities going forward.

6. Cloud
Despite being such a large and complex system, HANA has been step up to run all its capabilities on the cloud.

7. Innovation
With the capabilities of HANA, its strength of performance and the ability to analyse data like never before, it truly is the ultimate platform for business innovation. Forward thinking and development ideas are assisted by this functional and essential platform. It frees up the business to think of new ideas, rather than sitting with the existing time consuming reports.

8. Simplicity
We want to keep things simple. So HANA has been designed with fewer layers and a much simpler landscape, making using it so much easier and less complex. It also has a lower cost, essential for any organisation, considering change.

9. Value
‘Innovation without disruption adds value to legacy investments’ this summarises the true value in HANA. What is to be achieved by adopting this within your organisation.

10. Choice
As with any SAP solution, there are choices to be made, how it works best for you, what your organisation will achieve by utilising it. With HANA there is open choice at every layer.

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What we have achieved with HANA

So why should you look at HANA with Invenio? We are fully committed to achieving the best from HANA for you, our customers. We are very proud to have received recognition for the work we have done with HANA and are recognised as a Partner who has expertise in this application.
Invenio are the SAP EMEA Regional Excellence Award Winner 2014 in the category ‘Database and Technology’ this was awarded for SAP HANA, having invested in a HANA laboratory and won the largest EMEA Partner Deal for HANA.

Wanting to evaluate HANA further?

I imagine you may still have some questions about HANA and what it can do for you. Why not come along to our evaluation event on the 6th March and meet the team, this event gives you the opportunity to meet with Universal Music, who are speaking about HANA and what it has done for them. Click here to contact us.

Invenio P2P Solution is aiming to reduce the cost of purchasing by 50%

P2PEVENTInvenio’s P2P Solutions helps companies using SAP to dramatically reduce expenditure on non-stock procurement. Although the premise is simple, the goal is compelling: to reduce the cost of purchasing by at least 50%.

Invenio’s P2P Solutions ImageThe journey to unlocking these effciencies begins by enabling your suppliers to proactively manage their relationship with your company. Invenio’s P2P Solutions’ easy to use web portal gives your suppliers the freedom to manage multiple aspects of your trading relationship – from new supplier registration, to delivering quotations and proposals, querying work orders, and submitting invoices. With suppliers accountable for these aspects, the administrative burdens previously borne by project teams, procurement executives and accounts payable are substantially reduced.

Simply moving to this supplier-centric model means you realise very signicant administration savings. But Invenio’s P2P Solutions goes much further. With just a few clicks, internal teams can manage multi-level project budgets, approve new suppliers, review quotations – and convert them to purchase orders. And, once the goods or services are delivered, supplier-generated invoices
are automatically matched to the original purchase order for acceptance and approval (or rejection) by authorised individuals.

Payment processing is quick and easy too – offering a variety of electronic or traditional payment channels. And, because the entire process is governed by a flexible, highly-congurable workflow, every step is secure, automated, and assigned to an audit trail.

Finally, because Invenio’s P2P Solutions uses SAP as its underlying technology, it becomes an integral part of your SAP corporate system – making financial management easier, and business analysis more meaningful.

Five Ways to Save:

1. Internal Cost Reductions

Automation reduces multiple non-revenue generating activities – giving you the opportunity to scale back on BPO, Procurement and Accounts Payable functions. These activities include data-entry and PO matching, invoice and document scanning, manual approval and payment processes – all of which can be reduced by up to 90%.

2. Supplier-centric Process Ownership

A simple, one-stop solution offers you a way to decentralise supplier relationship management. Hidden costs that include burdensome data-entry, training and day-to-day management of trading activities are signicantly reduced.

3. Increased Data Reliability

Because Invenio’s P2P Solutions is authored using SAP technology, any changes made to your core SAP system are automatically reflected. This eradicates any versioning, enhancement pack or integration issues that arise from using third-party procurement solutions. And, by eliminating the need for these third-party solutions, all system integration, manual data-entry, cross-checking and reconciliation headaches are removed. The result is faster access to accurate information, and reliable reporting for better decision-making.

4. Strong Governance and Compliance

Sophisticated workows automatically enforce overarching group purchasing strategies and will also accommodate highly prescriptive departmental policies. A detailed, comprehensive audit trail gives you complete visibility of all user-related activity, on each step of every
purchase.

5. Streamlined Payment Processes

Automation effciencies give you the advantage of saving money through early payment discounts – and help avoid incidences of late payment penalties. This streamlining can also help reduce your expenditure on a variety of office consumables – from postage and copying costs, to maintaining sophisticated document processing hardware.

Global capabilities for a global user community

SAP’s scalability means Invenio’s P2P Solutions can accommodate thousands of internal purchasers, manage limitless projects, effect multi-level payment authorisations and, through its web-based portal, is accessible 24/7 to hundreds of thousands of suppliers worldwide. All this, combined with inbuilt multi-currency and multi-language capabilities, means a one-stop global solution that manages the entire purchasing needs of an international operation.

Because Invenio’s P2P Solutions is deployed to a distributed user community, it is designed with simplicity in mind. Offering clear, concise navigation, easy to use screens and logical process sequences, this simplicity means you can easily manage all activities with minimal training. With Invenio’s P2P Solutions securely controlling all purchasing related activities, Board Executives can manage and control 9-figure budgets, Project Owners can easily allocate funding, purchasers can transact quickly with suppliers, and the finance team can ensure the entire payment process runs smoothly, securely and on schedule.

The Invenio’s P2P Solutions premise is both simple and compelling – to cut costs in non-revenue generating purchasing activities – so that you can increase your bottom line.

For more information about Invenio’s P2P Solutions, please contact us.

It's all about SAP HANA

Would you like to cut through the clutter of unwanted data? SAP HANA is an in-memory database that can help your applications zero-in on the information they need – without wasting time sifting through irrelevant data. The result? Instant answers to your complex queries – and better decision making across your enterprise.

  • Get lightning-quick results from complex data queries
  • Run multiple queries in parallel – without sacrificing performance
  • Develop intricate, predictive models to meet your business needs

Powerful In-Memory Appliance for Real-Time Insight

SAP In-Memory Appliance (SAP HANA™) software enables organisations to analyse their business operations using huge volumes of detailed information while business is happening. Organisations can instantly explore and analyse all of their transactional and analytical data in real time from virtually any data source. Operational data is captured in-memory as it occurs, and flexible views expose analytic information at the speed of thought. External data can be added to analytic models to incorporate data from across the entire organisation.

Key Features

  • Real-time analytics – Analyse business operations using huge volumes of detailed information while business is happening.
  • Multipurpose, in-memory technology – Instantly explore and analyse all transactional and analytical data in real time from virtuallyany data source.
  • Adaptable, powerful analytic models – Create flexible views that expose analytic information at the speed of thought
  • Extensive, source-agnostic data access – Add external data to analytic models to incorporate data from across the entire organisation.

Business Challenges

Information is the lifeblood of business today. Organisations demand insight into business operations while those operations are running. But the volume of operational data available for business insight often exceeds the amount of data that traditional disk-based systems can process within a reasonable period of time. As a result, organisations are forced to reduce the data from operational applications into analytic models for even the most basic analyses. That means that analytic environments are disconnected from operational applications, resulting in significant lag times between gathering data and gaining insight into that data.

Organisations also want to employ flexible analytic models when working with information in order to uncover trends and patterns or to improve planning, forecasting, and financial close processes.

In traditional analytics, high data volumes require that assumptions be made during modelling in order to reduce the data set to a manageable size. Such simplified models don’t accurately reflect the multifaceted nature of operational data, often resulting in suboptimal forecasting, planning, or trend analysis – items all critical to monitoring and enabling a rapid response to business performance.

  • Process huge volumes of operational data to gain business insight while those operations are running.
  • Perform analyses based on all data from operational applications.
  • Employ flexible analytic models when working with information to uncover trends and patterns.
  • Keep analytic environments connected to operational applications.
  • Eliminate lag times between gathering data and gaining insight into that data.

Benefits of SAP HANA

SAP HANA provides organisations with better insight into business operations more quickly by analysing all the data available and enabling you to respond to changing business conditions, no matter how rapid. With SAP HANA, organisations can make better decisions more quickly by gaining immediate access to relevant information – requiring far less reliance on IT to gain the insight needed.

SAP HANA provides a flexible, cost-effective, real-time approach for managing large data volumes, allowing organisations to reduce dramatically the hardware and maintenance costs associated with running multiple data warehouses and operational and analytical systems. SAP HANA will form the technology foundation for new, innovative applications based on in-memory technology, thus enabling business applications – such as planning, forecasting, operational performance, and simulation solutions – to perform better.

SAP HANA provides direct access to operational data without affecting the performance of the SAP ERP application or any other operational software.

  • Real-time business insight by analysing business operations as they happen.
  • Better decisions more quickly by gaining immediate access to all relevant information.
  • Greater analytic flexibility through less reliance on IT.
  • Dramatically reduced hardware / maintenance costs through a cost-effective, real-time approach for managing large data volumes.
  • Improved planning, forecasting, and financial close processes by employing analytic models that uncover trends and patterns.

To find out more about SAP HANA please contact us

How Tax Agencies can use Big Data

Tax_Fraud_TechTax authorities these days face challenges across the board, but recently tax evasion, fraud, insufficient taxpayer compliance and data overload are the main topics addressed by international media. With the availability and sourcing of data and information, more and more,
people and organisations believe in data analytics to gain value out of Big Data.

Since increasing data volumes are available for tax agencies they must consider new ways , to analyse this data and to address the challenges it brings.

The volume of data produced in recent years could possibly be described as an ocean of data and to look at the analytics, as searching for ‘fish in a big ocean!’ The tax inspectors are searching out these ‘fish’ (pieces of data).

The need for tax inspectors to understand analytics is mandatory and a valuable skillset needed by governments and assess and also, to identify the answers to some of the following questions:

  • What data sources are available to address key issues, such as tax evasion?
  • What interfaces are required to update the data on a regular basis?
  • What are the costs of having the data available in comparison to the potential tax recovery?
  • How can the available data be merged to address specific needs e.g. auditing requirements?
  • What are the hidden relationships between corporate and individual taxpayers?
  • How can the data be visualised?
  • How to support risk assessments and taxpayer creditworthiness in data processing?
  • Does the data also support digital foot printing to generate taxpayer profiles?

The questions above are indicative and reflect only some of the potential topics that need to be addressed and the requirements with regards to legislation. Nevertheless, the answers to the given questions are not easy to give as special analytical skills and tools are required to retrieve the business value out of the available data to tackle the challenges and to meet the information needs.

Although a variety of tools have been around for some time, the way in which public sector organisations are using these systems is changing. Developments in mobility and cloud computing, together with improvements in communication infrastructures and data security means that tax officers can now access Big Data anytime and anywhere.

In the context of tax authorities, for example, it’s now perfectly feasible to equip field-based tax officers and remote compliance inspectors with real-time information – making their jobs more efficient, and improving overall job effectiveness. Office-based tax officers can now visualise and drill down into a much deeper range of data more quickly and efficiently than ever before. The technology enables them to analyse taxable operations based on a larger volume of tax returns, external information and a variety of other detailed taxpayer data in real time.

Invenio’s Public Sector practice is uniquely placed to offer a rapid, efficient and cost effective deployment of SAP Tax and Revenue Management solutions. Invenio helps Tax Agencies to create a stable foundation for the entire tax management lifecycle across all tax types to aid efficiency of the entire collection process. SAP Fraud Management has been designed as a platform solution to prevent fraud and non-compliance in various areas tackling the large volume of tax related data. The analytical tools and reporting capabilities enable tax authorities to gain value from the processed data to increase recovery rates on a wider scale. For more information, please contact us.

Global Rollouts for SAP – The Recipe for Success

You are the CIO of a global organisation which has recently spent a lot of money implementing an SAP solution. You have gone through a long period of intensive work introducing changes in the way your organisation works. Now the immediate task you are faced with is rolling out SAP to all countries. Now you not only have the task of running and supporting the current SAP solution, you now need to plan rollouts in other countries without disrupting the current solution! The three key elements of this are:

  1. Ensure smooth operations of the current SAP solution
  2. Implement continuous improvements in the current solution
  3. Plan and deliver global rollouts

This is a common problem faced by large organisations where IT is becoming a driving force rather than a support function to business. The true realisation of the benefits of investing in SAP are derived once it is deployed across the global footprint. In this blog you will find information on developing and executing successful global rollouts.

The three key objectives of a successful Global rollout strategy are:

  1. Low total cost of ownership
  2. Fast deployment of a solution across countries
  3. Minimum disruption to running solution
Introducing a global template

Successful completion of a SAP implementation within your head office gives you a repository of business processes, interfaces and custom developments. These can be readily adopted by the subsidiary or other locations. This repository can be converted into a template which can be used for delivering a successful rollout.

The first key step in rollout preparation is to build this knowledge from your current solution into a global template. An expert consulting team works to package the current solution into actionable blocks which are to be used in a rollout project. These can be broken down into following:

1. Program Management

2. Solution Management – documented repository of solution components which comprises of

– Global organisation structure – a sample organisation structure which can be adopted by subsidiary companies
– Global master data – key required data
– Global business processes – a core of common processes to be used globally
– Global development objects – these comprise of interfaces, reports and programs which can be used
– Data conversion kit – conversion templates which will be used to upload data

3. Infrastructure requirements

As well as these key considerations, the global template also needs to cover change management, training considerations and security concepts. Once all the aspects are tied in and documented clearly. A global ready template is available to be deployed across all countries.

Blog-global-rollout

 

Rollout – implementation models and decisions

A global template provides us documents and ready repository to accelerate the rollout. The way in which the template is used depends on the complexity of each territory. A pre-study should be done before hand to understand the potential conflicts from the global template and the local requirements or localisations.

Gaps and localisations:
Gaps – these are the differences in the global template, such as business processes, organisation structure and master data.
Localisation – legal and statutory requirements which are required to be implemented.

Program management will need to decide on the extent of the gaps and localisations to be approved. The criteria for approval should be:

  1. Gaps – business benefit it gives to the local subsidiary in terms of value
  2. Localisation – normally all legal and statutory requirements are to be implemented.

localised-gaps

 

The consulting partner provides his expertise in this area by provide in depth analysis of the gaps and localisations and guides the program management in taking an informed decision.

Phasing rollout execution

Rollout execution can be phased out in following ways:

Single country rollout – for countries where the complexity is high in terms of gaps and localisations. If user base is large, a single country rollout is the best approach. This means the design, development, testing and training can be covered properly.

Multi country rollout – countries with a smaller user base, low complexity and geographical proximity can be grouped together a rollout at one time, this gives savings in time and money.

A successful global rollout of SAP solution brings immense material benefits for global organisations in terms of:

  • Providing fast and smooth implementation
  • Cost savings by re-use of solution components
  • Making organisation more responsive to global changes
  • Giving management global view of operations

Invenio are experienced in assisting clients worldwide, to find out more about Global Rollouts with SAP, please feel free to contact us to discuss.