ProxyPack: Boost your financial control
The timeliness and quality of financial reporting indicates the level of transparency of a company which effectively illustrates the maturity of a company's corporate finance functions for current and future investors. Companies that provide accurate and timely information on their business results have a definite competitive advantage in the capital market, hence the reason why companies strive to accelerate the closing process without jeopardizing the quality of financial information.
Proxyon International offers you the ProxyPack, consisting of a bundle of effective tools providing comprehensive insight into your periodic closing process and determines to which extent the SAP Financial Closing cockpit will be beneficial to your organization. The ProxyPack that provides a boost to your financial control with sustained endurance portrays as follows:
- ProxyScan Proxyon has developed the ProxyScan as a straightforward yet effective tool that is used to determine the current "health" of the SAP Financial environment and provides recommendations on areas where SAP can be used more efficiently. It is part of the Proxyon proposition set that you can find when using this link.
- Proof of Concept Proxyon International delivers a SAP FCc proof of concept that offers an in depth insight into the SAP FCc implementation for a specific set of functionality. The customer decides on specific closing procedures, such as 'closing and opening periods exclusively through an event driven remote task with a full audit trail'.
- Business Value Analysis
Requiring more information about the ProxyScan?
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Business process model
The first step of the SAP FCc proof of concept is designing the model of the business process to be 'concept proof'. The concept itself highlights essentials, is specific and aims at 95% coverage.
Demo
The next step is to develop and show a demo of the agreed closing processes, using the customer's system environment with real "life like" data. A realistic (aimed at a 95% coverage) visual "look and feel" of SAP FCc functionalities and features provides a great opportunity to quantify key benefits to the business.
Validation
The validation objective is to determine whether the shown functionality has met the expectations, as well as determining areas for improvement. Once again, this is aimed at 95% coverage, however the customer may decide to extend this to a 100% control.
Next steps
The last step in the SAP FCc Proof of Concept is to use the results of the validation to determine what should be done to improve and achieve an optimal set of Financial Period Closes.
Based on the findings from the ProxyScan and the SAP FCc Proof of Concept, Proxyon International analyzes the business processes and recommends on a "highest added value to achieve" basis. The principle is 'low touch yet high impact' creating a quick win scenario.
Determine Values to preserve
Many business processes or parts of them do not warrant a high impact change. They are safeguarded, yet incorporated in the period close cycles and included in the implementation plan.
Identify Improvement opportunities
Multiple business processes or parts thereof deserve a high impact change. These changes indicate improvement opportunities providing major value to the corporation once implemented.
Identify benefits
Once all improvement opportunities are identified they will be valuated in terms of the value they contribute toward the business.
Determine priorities
Modeling, determining dependencies and ranking of the identified benefits will lead to a prioritized set of changes to be realized.
Determine implementation approach
The final step of the ProxyPack is to explain on how the envisaged benefits will be realized.