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May 7 – 9, 2019
SAP S/4HANA (1709) Central Finance Processing at Stanley Black & Decker
Jenn Snyder, Global IT SAP Finance Director, Business ServicesLeighton Haywood, Global IT SAP Finance Director, Application Services
83269
About the Speakers
Jenn Snyder• Global IT SAP Finance Director, Business Services
• Stanley Black & Decker
• Responsibilities include the design and delivery of SAP Finance global solutions to support all business units.
• Almost 20 years of experience in Accounting and Finance, working across Finance and IT to develop and implement efficient solutions in areas such as Finance, Controlling, Reporting, and Budgeting & Planning.
• Currently co-leads the Global S4/HANA Central Finance program for Stanley Black & Decker.
• Fun Fact: An avid lover of all things British – high tea, British television dramas, fish & chips with mushy peas, etc.
Leighton Haywood• Global IT SAP Finance Director, Application Services
• Stanley Black & Decker
• Responsibilities include the design and delivery of SAP Finance global solutions in support of Corporate and Business Services.
• A qualified accountant with nearly 25 years experience of working with SAP Financials and has delivered multiple integrated global projects covering most aspects of Finance and Controlling.
• Currently co-leads the Global S4/HANA Central Finance program for Stanley Black & Decker.
• Fun Fact: An avid collector of James Bond film memorabilia
Key Outcomes/Objectives
1. Central Finance Design
2. Central Finance Benefits
3. Central Finance Lessons Learned
Agenda
• Stanley Black & Decker Background
• Central Finance Design
• Central Finance Deployment Approach
• Central Finance Key Learnings
Stanley Black & Decker
Background
5
Stanley Black & Decker (SBD)
6
SBD Growth Strategy / Video
77
Link to Purpose Video: http://purpose.sbdinc.com/
A Global Leader With World Class Franchises
Market Cap & Dividend Yield As Of Market Close 2/25/2019 $137.39 Dividend Yield Based On 4Q’18
Annualized Dividend & Stock Price As Of Market Close 2/25/20198
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Manufacturing
Logistics
Sales (OTC)
Warehouse Management
CRM
Finance
Human Resources
Analytics and BI
Supply chain planning
Product Lifecycle Management
Bac
k O
ffic
eM
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ffic
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Corp-orate
GTSSecurity – North
AmericaIndustrials – SEF
Indus-trials –O&G
Indus-trials –
HYDGEMSecurity – Europe
Procurement
99
Today’s Complex & Fragmented IT Landscape Reflects Similarly Non-Standard, Unharmonized Processes & Data…
Original IT Functional
Transformation
Scope:
• 100+ ERPs
• 1200+ non-ERP
Systems
Future-State SBD IT Landscape
Program Initiative is to Migrate Financial Operations for all BUs into SAP S/4HANA using Central Finance.
Operational Activity – Sales, Manufacturing, & Logistics will Remain within a Few Core SAP Applications.
Global Tool & StorageSecurityIndustrial
Fastening, Hydraulics, Oil & Gas
Emerging Markets
CORP
SAP P10(ECC)
SAP BWP
SAP C11(ECC)
SAP E03(ECC)
SAP
Lan
dsc
ape
Analytics & BI
MFG
Logistics
Sales
Finance
SAP S/4(S/4 – 1709)
Reporting
Transactional
Operational
10
SAP Central Finance
Central Finance Areas of Focus & Enablement
Providing a common platform for
Finance SAP supported processes
and master data for All BUs
• Harmonized Enterprise Wide Data
• Single Source of Truth…with
Details
• Increased Shared Services
Capabilities / Enablement
• Enhanced User Experience
Central Finance
SBD Finance Community
Shared Service, FP&A, Controllership
Financial Accounting Reporting & Analytics
Receivables
ManagementCash Management
E03C11 P10
11
Central Finance is Key Enabler for Functional Transformation Initiatives for SBD Finance…
Order-to-Cash
Future State of Process Focus Areas *
Record-to-Report
Non-Transactional
Treasury / Banking
Enabling SBD Strategy:
Procure-to-Pay
* Indicates future process ownership split between BU and COE & SS
COE & GSSBU
Central Finance Key Benefits
Central Finance Significantly Increases Our Ability and Flexibility to Manage Across SBD’s Businesses and
More Easily Accommodate Mergers & Acquisitions, and Divestitures.
Real-time data integration from
different source systems into one
environment
Based on the current SAP technology
(S/4HANA) with user-friendly customized
interface (Fiori)
Faster integration for
mergers and
acquisitions—
creating standard
functionality for joint
reporting
Universal Journal and Parallel Ledger capabilities accommodate
different accounting models and reporting for
profitability analysis models and
heterogeneous organizational structures
Reporting flexibility
due to in-memorycapabilities
Process and data
harmonizationand
system
consolidation for
decentralized organizations
Reduced data footprint
drives faster
throughput and
analytics; reduced
integration points lower
Total Cost of
Ownership (TCO); enhanced error handling
drives decreased
maintenance cost
12
Central Finance Business Case Focus Areas
• Harmonized Processes & Data Standards• Enterprise Wide Data Standards with Automated Alignment of Financial,
Vendor & Customer Data
• Standardized Process & Controls – Financial Close, Treasury, I/Co
Reconciliation
• Improved Control & Data Accuracy – Reliability Of Financial Data
• Integration of Trusted Systems• Global Supply Management Production Solutions – Ariba & Concur Drives
Discipline / Transparency On Spend
• Treasury Processes – Transparency of FX Exposure, Trax, Loans
• Statutory Reporting & Tax Compliance • Parallel Ledger Capability
• Increased Automation | Timely Data – Reduced Compliance Risk
• Enabler for Stat & Tax COE
• Invoice To Cash – Integrated Functionality• Customer Service, AR & Sales Connectivity – Streamlined Process, Mobile
Apps = Faster Resolution
• Enhanced Reporting – Dispute Tracking | Resolution & RCA
• Reduced Past Dues & Working Capital, Enhanced Customer Experience
13
• Treasury Management• Centralization of Cash Management – Aggregation of Currency Balances
• Cash Concentration – Cash Pooling
• Inter-Company Loans
• Reporting Flexibility • Enhanced User Experience – Fiori Tiles Enable Easy Access To Screens &
Reports
• Analysis For Office (AFO) – Enables Report Creation | Development By
Users
• Drill Down Capability Into Finance Documents In CFIN & Core SAP
Environments
• M&A Integration • Accelerated Synergies From Faster Integration Of Acquisitions
• Sustaining Organization • Single FICO Environment Reducing Costs For Maintenance (Central Team)
& Upgrades
• GRC – Access & Configurable Controls • Preventative/Automated Vs. Detective/Manual
SBD Finance & IT Leadership Teams Targeting Significant Financial Benefits…
Central Finance Design
14
Central Finance Global Design Guiding Principles
Design with the future in mindLeverage digital and emerging technologies to create a scalable, future-proof solution1
Design leading practice based processesFollow functional, technology and industry leading practices to create harmonized global processes2
Drive transformation through new technologyDesign processes and solutions based on new capabilities, including future functionality on the roadmap3
Enable a truly global Finance functionUnderstand, communicate and manage impacts to the business, regions and functions4
Evolve through design using agile methodologyThink iteratively to prove and evolve solutions. Involve users and stakeholders early & often 5
Focus on standard functionalityCustomize only where there are legal, regulatory or statutory requirements or a quantifiable competitive advantage6
Our Design Approach for Global Finance is Centered Around These Guiding Principles:
1515
Central Finance Capability Map
16
CFIN Implementation Scope: Core Finance Capabilities/Processes by Organization
Accounting
Financial
Accounting•GL Acctg
•Fixed Assets
•Accruals
•Record Payroll
•Close Books
•Consolidation
•Acct. Recon. &
Cert.
•External Reporting
Intercompany
Accounting•Cross Charges
•Netting
Product
Accounting• Product
Inventory Acctg.
• Inventory Cost
Acctg.
• Product Cost
• Product Cost
Planning
• Project Acctg.
Accounts Payable• Direct Invoice
Processing
• Indirect Invoice
Processing
• Payment
Processing
• VAT & Sales/Use
Recording
• Travel & Expense
FP&A
Business Planning• Strategic Planning
• Planning &
Budgeting
• Forecasting
• Revenue/ Sales
Planning
• Cost Center
Planning
Financial
Reporting• Reporting
actuals
• Finance
Analytics
Fin. Systems
Finance Master Data• Legal Entities
• Chart of Acct.
• Vendor Master
(Finance)
• Customer Master
(Finance)
• Material Master
(Finance)
• Additional
Accounting
Dimensions
Tax Treasury
Treasury• Cash
Management
• Manage
Investments
• Manage Credit,
Debit, Liquidity
• Manage FX
Tax• Withholding Tax
• Indirect Tax
Reporting
• Tax Provision
• VAT Reporting
GSM
Procurement
Management
OTC
Receivables
Management • Credit Mgmt.
• Collection Mgmt.
• Dispute Mgmt.
• Online
Presentment &
Payment
• Receivables
Accounting
Transactional
Procurement
Supply Chain
Master Data
Sales Master Data
Transactional
Sales
Manage Billing
Integrated
Capabilities
Legend:
• CFIN Enabled (Directly or Via Interface)
• Core SAP Enabled
• Core SAP / CFIN / Ariba
• Out of Scope
Central Finance Design Summary
• Single Financial Book of Record
• Three Parallel ledgers (US GAAP / Tax / Statutory)
• Single Source for Fx Rates
• Source for all Fixed Assets & Non-Prod Internal Orders
Record-to-Report
17
• Collections Management
• Cash Application Standardization
• Credit Management across Global Customer
• Dispute Management for Customer Service & AR Teams
Order-to-Cash
• Centralized / Consolidated Payments
• Global View of Vendor
• “No PO, No Pay” in Coordination with Parallel Ariba
Deployment
Procure-to-Pay
• Integrated / Centralized Banking Hub
• Central Creation of Bank Accounts
• Centralized Intercompany Loan Capabilities
• Visibility to Real-Time Cash Position & Fx Exposures
Treasury
• New Global Chart of Accounts
• Standardized & Harmonized Financial Master Data
• Real-time Reporting (CDS Views)
• Global BI / BW Financial Reporting
Data & Management Reporting
• Fiori-based Usage; No “GUI” Access
• Improved User Experience (Fiori), Self-service Analytics (AfO),
& Drill-down Capabilities
System Landscape
Central Finance Architecture
18
* PO Related Invoice Entry will still be required in local Instance
Current Landscape Future Landscape
Central Finance Becomes Single Point of Integration, Simplifying Data Mapping & Integration Management…
Central Finance
Deployment Approach
Central Finance Program Timeline
20
2017 2018 2019 2020 2021
Netherlands
SEF Europe
Industrial
UK / Ireland
& Nordics
Global Design Summit
& Demo
France &
South Europe
Path Towards Global Harmonized Data, Reporting & Financial Process Standardization.
Belgium
20
SEF
Nelson US
Corporate &
Global SecurityUS
SEF Europe /
AutomotiveSEF Asia
Asia / ANZ
Central
Europe
Deployment Focuses on 2-3 Deployments Per Year, Leveraging Multiple Teams Across 3 SAP ECC Systems…
Canada /
LatinAmerica
E03 ECC C11 ECC New S/4 P10 ECCLegend:
Governance Strategy
21
Multi-tier Governance Model for Each Program Ensures Execution Within & Strategic Alignment Across Programs…
Purpose Organizations Cadence
Ste
erin
g C
om
mit
tee Provides Strategic Alignment, Roadmap, &
Portfolio Management across SEF & Central
Finance Programs
Ensures Program Health by Resolving Escalated
items (e.g. Risks / Issues), & Establishing
Required Resources
Executive Leadership Including:
• BU & Corp Finance Senior Leadership
• IT Senior Leadership
• SEF & CFIN Integration Leadership
• Accenture Senior Leadership
• SAP Senior Leadership
• PMC Senior Leadership (SEF Only)
Monthly
Glo
bal
Des
ign
Au
tho
rity
Defines Global Solution Design including
Process, Data and Integration strategy
Advocates for Harmonization & Standardization
Operational Leadership:
• FT & Corporate Finance Functions
• BU’s / BU Functions
• IT Functions
• SEF or CFIN Integration
• Program Leadership
Biweekly
Pro
gra
m
Lea
der
ship Executes Project Deliverables According to
Timeline & Budget• IT Program Leadership
• Finance Program Leadership
• Accenture Program Leadership
• PMC Program Leadership (SEF Only)
Varies
(Daily,
Weekly)
Global Finance Design Board
Purpose Organizations Cadence
Guides Strategic Roadmaps Across All Apps Supporting
Financial Activities (ERP, EPM, BI, ETL)
• BU & Corp Finance Senior Leadership
• IT Senior LeadershipMonthlyCentral Finance
Executive
Steering
Committee
Global Design
Authority (GDA)
Program Leadership
Central Finance Team Structure
Executive Sponsors Program Leads
Process & Solution SAP Support
PMO
Data / Technology Change Mgmt
External Support Groups
Delivery Leads
GRC / Security / Controls
Cross S/4 Workstreams
Team:• SBD Finance• SBD IT• Accenture
SAP Basis
Team: • SBD Finance
Key Areas: • Training• Communications
MDM Tool / Governance
SAP Development
FICO Delivery Support
BI Integration
Internal Supporting PlatformsCentral Finance Workstreams
Infrastructure
**Reporting Teams Work Closely Together on Requirements
Data Services
BU Support Team
• Dedicated Members
• Subject Matter Experts
• SBD IT• Accenture
• SBD Finance Leadership • SBD IT Leadership• Accenture Leadership
• SBD VP Corporate Finance
• SBD IT CIO
• SAP Customer Care
• Accenture / Protiviti Leadership
• SBD Finance Leadership• SBD IT Leadership:
• Business Services • Application Services• Middleware & Platform• Services Management
Key Areas: • Procure-to-Pay• Treasury / Banking• RTR / Fixed Assets• Statutory Compliance• Order-to-Cash• S/4 Reporting**
Team:• SBD Finance• SBD IT• Accenture
Key Areas: • SLT Design• AIF / FICO Integration• Data Conversion / Harmonization• Reporting Integration**
Team:• SBD Finance• SBD IT• Protiviti
Key Areas: • GRC• Security • Controls
Team: • SBD IT• Accenture
Key Areas: • SLT• Development• Reporting• Architecture
• SBD IT
Team:• SBD Finance• SBD IT
Key Areas: • BP / Customer• BP / Vendor• Finance Objects
Team:• SBD IT• Accenture
Key Areas: • Testing• Deployment• Hypercare
• SAP Max Attention
• SAP Integrated Business Solutions
• Hosting Partner
Team: • SBD IT
Key Areas: • Business Objects• Business Warehouse
• SBD IT
• SBD IT
Carefully Coordinated Effort Across SBD & 5+ External Organizations…
22
Challenging Areas & Lessons Learned
• Master Data
– Common Definition / Ongoing Governance
• Utilizing New S/4 Functionality
– Document Splitting / Parallel Ledger / Group Currency
• Configuration Alignment
– Tax Codes / Document Types / Fields Status / Credit
Source / Target Alignment
• Integrated Processing
– Credit Management / Posting Periods / Exchange Rates
• Centralized Processing
– Central Credit Checks / Introduction of Banking Hub
• Financial Interfaces
– Expenses / Payroll / Finance Journal Upload
• Ongoing Landscape Planning
– Copybacks / Maintenance Slots / N+1 Environment
• Cutover Scheduling
– Downtime / Reconciliation / Activation & AIF Cleardown
• System Performance
– AIF Cleardown / Fiori / Network Bandwidth / Volume Testing
• User Interface
– Fiori / GRC & Role Design
• Skills & New Technology
– SLT / CDS Views / AIF
• Reporting
– Source & Target consistency / Non-Finance (Source System) Data
Repositioning Processing / Integration
Systems Landscape Management User Related
Recognise the Scale of Non-Alignment & Plan Accordingly Close Coordination with Related Process & Systems Owners
Significant Change Management, Training & New Skill-SetsHardware and Technical Dependencies Result from Replication
23
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