Stay In Control With Invenio Content Financials

In the whirlwind world of media content creation, money is at the centre of everything. Unfortunately, the current systems in place for financial directors make it almost impossible to effectively manage budgets, control overspend and make effective, quick decisions for what could be the next big thing. But what if there was a complete, end-to-end solution out there that could help media companies control content budgets and drive efficiencies up, instead of down? Well, now there is – Invenio Content Financials.

Faster, Improved Decision Making

In any line of business, it is important to have all information available to you before you make any financial decision. However, in the media industry, gathering all the data you need to make an informed decision, such as profit and loss, cash flow forecasts and budget estimates, can be a lengthily process. In fact, it often takes so long that the information you need has become outdated in the time it took to reach you. This means that financial managers are not only wasting time chasing useless data, but they are unable to make quick, efficient decisions. Invenio Content Financials provides a simple and sophisticated system for financial departments to take control of spending and budgets, thanks to integrated, centralised data management. With every department using the same systems to record information, it is simple for financial directors to pull up spend reports, budgets and more in seconds, allowing them to make better, strategically sound decisions.

Greater Transparency

The media world moves extremely quickly, so one of the biggest challenges financial directors face is making quick financial decisions in order to maximise the lifecycle of their content. Without transparent access to information, this can be incredibly challenging. The Invenio Content Financials solution is built on SAP technology, providing an agile and crystal clear view of the financials from conception to release. Thanks to its cross-departmental integration systems and in-built document automation, it allows financial directors in the media industry an unprecedented level of transparency into every level of spend in the content process. Expenses are recorded centrally, with an automated approval process that compiles all data a real-time financial reporting module, which gives greater visibility and detailed cash flow forecasts.

Improved Control Saves Time And Money

In any industry, one of the biggest challenges for financial directors is control of spending. But in the media industry, this is amplified by the fast-paced nature of the business, which leaves financial directors struggling to control production budgets and manage overspending at every level. A lack of financial forecasting means expense control is almost impossible, with no controls in place for spending. But Invenio’s Content Financials solution pairs strict spending controls with automated approval and real-time reporting, to provide a much greater level of financial control at every stage of the content process. This essential step means that all other departments know exactly what their budgets are at all times, which in turn results in less overspending and less time wasted trying to generate reports and manage spend.

If you are a financial director, CFO or even a manager in the financial department of a media production company, this solution is for you. Not only will this solution address a number of frequent issues you face on a daily basis, but it will reduce total operating costs by creating a single, cross-departmental solution. This ground-breaking solution will be officially launched at SapphireNow, the premier SAP and ASUG conference in Orlando, so if you’re there please drop by the Media demo station in the Industries Campus and you will find us at booth IN167. For more information about Invenio Content Financials, get in touch with our sales team today, and we would be happy to arrange a free demo.

Future of Broadcasting Industry

Viewers are diverging while platforms are converging. What’s next in the broadcast industry?

Radical transformation has taken place over the last decade in the broadcast industry with technology now delivering content to consumers in a “whatever, whenever and wherever” experience.

The Future is Digital

Over The Top (OTT) is the delivery of film and TV via the internet without requiring users to subscribe to a traditional cable or satellite pay-TV service. OTT is central to the recent major digital disruption of the broadcasting industry. Video is now driving mainstream broadcast strategies and it’s inevitable that the future of broadcasting will be digital.

SVOD players such as Netflix, Amazon, Hulu, etc. are emerging from outside the traditional TV ecosystem and they were the pioneers of innovative business models to engage with consumers through video services.

So what’s Actually Changed?

In the digital era, broadcasting companies should strategically reinvent their offerings to move ahead of the massive shifts happening across the industry. To stay focused and competitive, it is  important to understand how the digital era has changed the key process of the broadcast industry such as consumers, technology, programming and advertising.

1. Consumers

As consumers like to view the content on-the-go and mobile continues to grow, the average consumer is watching 4 more hours of mobile video weekly than they did 4 years ago. The shift is partly because viewers prefer individually tailored content experiences, but also due to the increase in quality content created for smaller screens. Due to higher bandwidth of network and advances in technology, traditional scheduled TV watching is no longer the norm. Instead, OTT video accessible anytime and anywhere is now the mainstream. Viewers are diverging while platforms are converging. That creates challenges for the industry as it looks for new ways to meet consumer interests.

2. Technology

People are watching more television, consuming more videos, but the key divergence has been the viewing experience, which has expanded to multiple screens. As screens get both smaller and larger, the consumer experience is key to survival. As OTT rises, it’s no wonder that smart TV and connected TV video streaming devices continue to lure audiences back into the living room.

The impact of pay TV providers is broadband, which continues to provide higher profits than video. Broadband home growth driven by OTT gains, is helping to offset the higher programming costs and the decline in video revenue caused by cord-cutting. Mobile data traffic is increasing everywhere due to rising amounts of videos and users. In the future, broadband and wireless will continue to influence the content bundle with faster data speeds, lower device costs and more connected screens.

As Virtual Reality ( VR ) technology moves into the consumer space, the industry is extremely interested in its potential impact on storytelling, audiences and revenue. Media companies such as Paramount Pictures and Disney have applied marketing campaigns creating interactive forms of media. Content produced for VR permit the audience to view the entire environment in every scene, creating an interactive viewing experience. Live events and games will help pave the way for VR adoption.

3. Programming

The consumer movement across platforms has created a major change in how content is made, distributed and monetised. Hit content has become a major differentiator and an increasing source of leverage. To free-up resources to create big-budget content, networks have begun to trim selling, general and admin expenses.

Live sporting events, hit content and original, niche programming continue to generate strong viewership and rates while middle tier entertainment networks are falling behind.

4. Advertising

The ad industry continues to be dynamic and volatile. Spending on digital media has increased in social and video formats, but the technology to deliver advertising in the online TV ecosystem lags behind usage. Consumers access content through subscription based, ad-free, video-on-demand services and as these services have become popular over the years it has led to a decrease in adverting spending.

Broadcast and cable networks have been the target for advertisers because of their capability to deliver a massive number of viewers in real-time. But advertisers can now aggregate viewers of similar size instantaneously through OTT videos. Online players are developing innovative ways to entice advertiser’s interest, to reach large and different digital viewers. And these platforms benefit from real-time bidding, with better demographic targeting at a more efficient cost.

Conclusion – Understand your Market and offer Outstanding Content

Factors such as high speed internet connectivity and broadband infrastructure, smartphones and live streaming apps, social networking and cutting-edge technology have transformed the television experience from linear to an era of “whatever, wherever and whenever experience”. As OTT becomes part of consumer’s everyday life, there are new methods and opportunities to drive growth and revenue in the broadcast industry.

To stay competitive in the digital era, broadcast companies should be strategically focused to understand market dynamics, content consumption patterns, audience interests and advertiser responses. Many new forms of multimedia services become possible with the introduction of digital delivery.  One thing is undeniable –  attractive content is certain to be the key factor to stay successful in the digital era.

Leveraging Predictive Analytics for Finance: The why and how.

No one can capture and analyse data from the future. However, there is a way to predict the future using data from the past. It’s called predictive analytics, and organisations do it every day.

What is predictive analytics?

Predictive analytics can help CFO’s to use the existing data and identify trends for more accurate planning, forecasting and decision making. By using predictive analytics your organisation can predict outcomes, identify untapped opportunities, expose hidden risks, anticipate the future and act quickly.

Every company wants to see into the future. How much will a product sell next month or will the demand drop off? How much will the business have to spend on manufacturing, distribution and other overheads? Does the business have a “next best offer” for a product or an estimated revenue for a newly launched product? Predictive analytics techniques are used to help answer all these questions and to create a better understanding of possible variables to aid smarter decisions.

Gain valuable insights

One of the biggest developments in SAP’s Predictive Analysis Tool has been its integration with SAP HANA. HANA provides remarkable output possibilities by using complex and heavy algorithms run on the in-memory platform.

Big Data which is the large volume of unstructured data from data sources such as external financial reporting systems, RFID sensors, Twitter, Facebook and other social media, can now be used to its advantage by using this powerful tool to forecast future performance and drive strategic decision making.

There are several routine processes that can be improved or enhanced using predictive analytics, including:

  • Target more profitable customers: By analysing the customers it is possible to identify small customer segments which are highly profitable.
  • Cash forecasting: Cash flow management is a key aspect of business to plan its future cash requirements to avoid a liquidity crisis. Leveraging data insights, financial professionals can look at trends to identify slow payers, detect and address system issues and improve receivable management.
  • Detection of financial risks: Financial departments can leverage predictive analytics to establish baseline criteria that makes it easier to identify outliers before they can damage overall company performance.
  • Demand planning: Predictive analytics can be used to forecast the sales over a period determining the demand of the product. This will help reduce returns from the customer and scrapping of the product, increasing the profitability of the company.
  • Company performance risk management: Predictive analytics can also help finance professionals get a forecasted “sneak preview” into the financial mid-period to avoid surprises.
  • Receivables aging: Finance professionals can optimise receivables aging processes and collect overdue amounts faster by setting alerts when customers deviate from past payment patterns.

SAP Activate – the innovation adoption framework for SAP S/4HANA

What is SAP Activate

With the launch of S/4HANA, SAP has undoubtedly delivered a ground breaking next generation platform for digital transformation. But with so much talk of S/4HANA, the adoption accelerator SAP Activate deserves a share of the limelight too.

SAP Activate is a content rich and agile methodology for implementation and/or upgrade of SAP solutions across industries and customer environments. It sets out an innovative adoption framework that expedites SAP S/4HANA implementations.

Agile Methodology for a Smooth Transition to S/4HANA

In my opinion, SAP Activate is an essential and greatly anticipated refresh by SAP to incorporate agile delivery concepts in different SAP Project scenarios.

The agile methodology employs an incremental approach with much more focus on users by incorporating Scrums, Sprints for Delivery and more effective documentation while keeping the quality framework intact.

I feel the most important benefit of SAP Activate is the built-in ability to ‘fail early in order to correct the course of action’. In the previous waterfall method, a long business blueprint phase was followed by another long phase of build and test, before the solution was released for user acceptance. In many cases customers rejected the solution as it wasn’t what they expected which inevitably incurred high failure costs. With SAP Activate, this risk is eliminated as the solution is delivered incrementally and user involvement in Sprints ensures that users are in constant touch.

The Customer Journey to SAP S/4HANA using SAP Activate:

SAP Activate Methodology

The phases of SAP Activate provide support throughout the project lifecycle with value delivery and quality checks to make sure that the solution delivers the expected value.

Invenio’s adoption of SAP Activate

At Invenio, we have built our expertise on SAP Activate in two ways.
1. Our project teams are being certified through SAP courses on SAP Activate.
2. We are using the Activate methodology for SAP S/4HANA migrations for our internal SAP systems. While writing this blog, we are in the process of running multiple SAP S/4HANA implementations.

Please contact us for a personalised assessment of your SAP S/4HANA adoption journey from our experts.

Invenio Business Solutions Signs Partnership Agreement with SAP in the USA

Invenio Business Solutions, a SAP Gold Partner in the UK, announced today, in conjunction with SAP USA, that Invenio Business Solutions is now officially an approved partner of SAP in the USA and part of the SAP PartnerEdge Programme, the USA.

The addition of Invenio Business Solution to the partner programme of SAP USA will enable customers in the USA to engage SAP’s solutions along with Invenio’s award winning business systems expertise in Media and Entertainment, the Public Sector and Manufacturing sectors. Invenio will also provide SAP support, value-added business solutions, upgrade, enhancement, and maintenance of SAP’s suite of solutions across SAP’s portfolio of business applications and analytics software; SAP HANA, SAP ERP, SAP Business Suite, SAP Business Intelligence; SAP Mobile Solutions, and SAP Hybris for Commerce.

Invenio Business Solution Inc. President Partho Bhattacharya said, “SAP customers in the USA, can now  gain access to our delivery team of over 350 business consultants, with deep experience in the delivery of business solutions in our chosen industries. Our philosophy is to collaborate with our clients, in the delivery of customer-centric solutions, that address their ongoing business needs and objectives.

Our recent, re-certification, in Europe, as a SAP Partner Centre of Expertise (PCOE), for the third time in a row, is a demonstration of our commitment to the continuous enhancement our knowledge of the SAP portfolio. Our continued investment in the development of high-performance delivery teams, through the certification of our consultants and solutions managers, keep us at the leading edge of innovative solutions, especially in Media industry.”

 

About Invenio Business Solutions 

Invenio Business Solutions is an award-winning Business System Provider, headquartered in Reading, UK. The company supports customers in the government, media, and manufacturing sectors, in areas that include industry-specific enterprise resource planning (ERP) focussed on SAP tax and revenue management, IS-Media, SAP business intelligence & big data, SAP mobility, Hybris eCommerce, CRM and Enterprise integration services. Formed in 2006, the company has subsidiary offices in India, Germany, Mauritius, Saudi Arabia, Dubai and the U.S.A. Throughout its history, Invenio has grown rapidly, organically and profitably. Invenio is a constituent of The Sunday Times Tech Track 100 for 2012, 2013 and 2014. Invenio is a SAP Gold partner and recipient of numerous awards from SAP, including EMEA Regional Partner Excellence Award 2014 in the category “Database & Technology” for its work with SAP HANA®. The SAP consultancy is accredited for SAP’s global partner quality program and is certified for ISO 9001, a quality management system based on the principles of a customer focused, process approach and continuous improvement.

 

About SAP

SAP SE, formerly AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform combines database, data processing, and application platform capabilities in-memory.  It also provides capabilities, such as predictive text analytics, special processing, and data virtualisation.  The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global capital funds, as well as early-stage venture capital funds in enterprise and consumer technology.

 

Media Contact USA

Glennis Spieker,

Vice President Sales

6303 Owensmouth Avenue, Suite 1059

Woodland Hills,

CA 91367

United States

glennis.spieker@invenio-solutions.com

Control your maverick spend with Invenio’s SAP Procure-to-Pay Solution

Join Invenio Business Solutions at eWorld Procurement & Supply to understand how to increase visibility across spend

UK, 25th February 2016 – Gaining greater visibility across spend will be a hot topic at the upcoming eWorld Procurement & Supply event, on 2nd March at the Queen Elizabeth II Centre in London. Join Invenio Business Solutions at 12.45pm in the Albert Room, Level 2, to hear from Kedar Patwardhan, Account Director, on how you can control your maverick spend with Invenio’s SAP Procure-to-Pay Solution.

In today’s world, organisations need to empower employees to make important purchasing decisions; however, it cannot be at the cost of internal controls. While SAP is a great tool for internal controls, some organisations find it inflexible and too cumbersome to use. During his speaker slot, Kedar will provide tips on how you could find the right balance to utilise the strength of SAP in a very flexible, user-friendly tool.

During the session, you can expect to:

  • Learn how a large media company has successfully implemented a single procure-to-pay solution across the globe
  • Learn how you can control your maverick spend and increase complete visibility across the process
  • How to get your buyers to ‘love SAP’ with a multi-platform, user-friendly Procurement solution

To find out more, please contact Kofo Are, Head of Marketing, Invenio Business Solutions (kofo.are@invenio-solutions.com).

 

About Invenio

Invenio Business Solutions, is an award-winning SAP Gold Partner, with over 430 employees, located across Europe, Asia-Pacific, USA and Africa. We offer innovative SAP solutions and services within large and medium size enterprises. Invenio offers an essential budgeting, workflow and procurement portal solution for enterprises. We deliver SAP; implementation, upgrade, analytics, Hybris marketing solutions and Prometheus, the P2P procurement platform. In conjunction with support services, that include; SAP application management, offshore French language support and SAP Partner Centre to customers across 5 continents. We count blue chip, organisations such as Universal Music, Penguin Random House, Informa, News UK, and AMCo as some of our customers.

To find out more, visit: http://www.invenio-solutions.com/invenios-p2p-solution/

Media Contact

Kofo Are, Head of Marketing

+44 7833445335

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

kofo.are@invenio-solutions.com

 

Connecting the Dots for Global Manufacturer

dots5,000+ products, 27 distribution centres and over 20 years of business. How did a leading manufacturer replace disparate technology systems and improve business transparency?

Team Invenio were called upon for help. The client first conducted an internal needs analysis and drew up a shortlist of potential mid-tier solutions to review. Included in that list was SAP, it was clear that the business required a tier-one system and it was decided that  SAP would be the most appropriate choice for the business. As the parent company were an established user of SAP it would provide them with an additional support  and expertise should it be needed.

Following a swift implementation of SAP, the manufacturer was soon working with complete transparency across the business, within the implementation process they also discovered that they could reduce headcount in both warehousing and order processing through improved processes which saved them £££.

As SAP is incredibly robust, it simply means the information it produces is right, first time, every time, giving confidence in the numbers and 100% clarity across the business.

After the initial SAP implementation the manufacturer decided to look for an external SAP Support Partner to help them maintain their system. Although the support had run ok in the past the manufacturer, had noticed deteriorating service levels. As they retain a very small SAP team they really needed access to the right experts fast! So ultimately felt there was a real risk to the business if they didn’t combine this with external support. So for a second time, the manufacturer leaned on Invenio’s shoulders and have stayed there ever since!

The client referred to Invenio as liking the honesty and openness of the Invenio team.  The customer stated “The response times and service have been amazing and someone always gets on to any problems we raise straight away. In terms of the knowledge of the consultants we interact with, this is exceeding expectations, and the expertise available in the team is exceptional”.

But the benefits of working with Invenio don’t stop there! As there were some projects the manufacturer had placed on the back burner but with Invenio’s incredible cost structure, the manufacturer are revisiting these projects to look at what they can introduce.

This fantastic customer journey continues….

Watch out! Competitors are now aiming to engage your loyal customers, what can you do?

Customers can now exercise their might through strong online research and an even stronger feedback, you possibly would have experienced this too. The objective is clear for any business, ‘How can they identify the right set of customers for their key products and service offerings to improve their market share and margins’? This is the core to the businesses success.

However, there would be an internal IT team who have already invested and implemented legacy solutions to provide their business with just that.

So what has changed?

The expected turnaround time.

Businesses now expect their customer relevant analytics to be delivered right now, not in months from when they place their requirement, even more they want to analyse & fine tune it themselves.

Imagine your business or customer now requires you to:

1. Classify customers according to their contribution to your total revenue.
2. Then provide an exact breakdown of the customer-related margin, pocket margin and gross margin, which provides crucial information on discounts, surcharges and costs.
3. They then want a customer rating scorecard, which is based on several key performance indicators (KPIs) that are derived from the source data and calculated against a peer group.

Assuming the legacy systems are in place, this would be a two month timescale of a business intelligence & data warehousing project with the potential to extend beyond six months if the right solution is not put in place.

What if we could deliver this analysis within seconds? Irrespective of the data complexity & the volume of data.
customer_engagementThere are customers across the world who are utilising these solutions and driving your loyal customers towards their products and services, they are using this solution to create effective personas and actively engage with them through the right channel to ensure their patronage.

Invenio business solutions, provides you with services tailored around SAP Customer Engagement Intelligence to maximise the value of your promotions and marketing engagement to drive revenue. Our approach to deliver this solution provides a guaranteed delivery within weeks.

Keep an eye out for instalment of this blog by Sheejo Arvind.

SheejoSheejo Arvind, Practice Lead – Customer solutions (CEC) at Invenio Business solutions has 9 years of strong SAP Consulting experience, and 6 years of extensive sales experience including the implementation of SAP CRM Sales specific scenarios, delivered key billing revenue & innovation management (BRIM) solutions, actively engaged with Customer engagement & commerce solutions.