Taking a lean approach by assessing the value and cost for SAP process automation before implementation can help determine which processes will be of high value and low cost to the business.
Late in 2013, an article surfaced through the wires citing that time wasted by office workers hunting for lost documents cost British businesses a staggering £15 billion a year. The survey of over 1,000 desk-based office workers found that more than two-thirds of them spent up to an hour a day hunting for missing documents. The research by infoMENTUM was carried out by independent research agency Censuswide. Up to £15 billion wasted annually in the UK looking for ‘lost’ documents at work Almost one fifth of workers were described as having failed to find what they were looking for and then used… Read more
In the world of SAP FI-CO, CO stands for ‘Controlling and Cost Management’ or ‘Costing’ among some companies, as a subset. Controlling also includes Internal Accounting and Management Accounting. CO has three primary subsections: OM, CEL, and PCA. These subsections cover overheads, cost and revenue element accounting, and profit center accounting. Costing elements that manage objects in Controlling with Project Systems include internal orders, the cost centres themselves, and the project systems’ work breakdown structure, among others. In aggregate, these roll up to profit centres and then to the balance sheet. Cost Centres are simplistically units within SAP… Read more
I have just returned from the SAP Insider Financials HR and GRC conference in Amsterdam and as usual there were a number of interesting conversations with a variety of different customers and prospects using a wide array of SAP-based solutions. Most interesting to me on this particular occasion, was the number of people that spoke about costing and asset management as being areas that continued to be a particular challenge in terms of the volumes of data maintenance activities. These sentiments are of course frequently borne out in the Business Value Assessment (BVA) exercise that Winshuttle facilitates; however, it was… Read more