11/14/2018 SAP Leonardo and other Innovations for Finance

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Intelligent ERP

SAP CoPilot

Intelligent ERP

There is no spoken text.

Re-think ERP

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SAP Leonardo and other Innovations for FinanceSAP Leonardo and other Innovations for Finance

11/14/2018 SAP Leonardo and other Innovations for Finance

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SAP Leonardo as the Innovation Platform

SAP’s leading enterprise applications — including SAP S/4HANA, SuccessFactors, Concur, and so on — are the authoritative data sources in theirrespective domains. For example, finance in the case of SAP S4/HANA, HR forSuccess Factors, T&E for Concur. SAP Leonardo complements theseapplications by infusing capabilities that bring transactional data together withmachine data and social data to enable customers to gain new insights, and gofrom insight to action. This becomes a loop that enables an organization tocontinually improve over time. And rather than traditional implementationservices, SAP Leonardo leverages Design Thinking Services that support thecreation of a system of innovation.

SAP Leonardo Innovations are changing the world of Finance by addingintelligence to applications:

Automating the End-to-End processes: Increase efficiency and reducecosts with SAP’s Finance Portfolio

Detect and prevent: Detect and rank information out of Big Data

Predict: Derive knowledge from historical information to increase theaccuracy of predictive scenarios

Proactive context sensitive support: The digital assistant boostsproductivity of your financial experts

Product Areas of Future Investment

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11/14/2018 SAP Leonardo and other Innovations for Finance

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In the figure you can see the main areas SAP is focusing on for future productenhancements and development.

S4C30_Leo2.pptx

With SAP Leonardo, you can automate knowledge work, with more and moreapplications being developed for:

Smart Closing: Scheduling and Execution of closing through taskautomation, including automated issue resolution

Lights-Out finance operations: Combination of different automationscenarios to automate all AP, AR processes

Self-driving customers service: Intelligent Ticketing, Intelligent Self-Services

Automated Data Extraction: Remittance Advices, Lease Abstraction,Invoice Automation

Intelligent Financial Insights: Automated validation of data input basedhistorical data sets

Predictive Forecasting: Prepare cash forecast combining marketknowledge, market shift, historical FX

Intelligent Fraud Detection: Automatically identify Fraud Cases

Digital Assistants: CoPilot

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11/14/2018 SAP Leonardo and other Innovations for Finance

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Roadmap for Finance Applications

In the context of Financial Planning and Analysis

Prediction of various useful Financial Key Figures, such as:

Days Sales Outstanding

Overdue Receivables

Total Payables

Future Payables

Days Payables Outstanding

Cash Discount Utilization

Cash Discount Forecast

Smart Alerts that aim to autonomously detect unusual business situations inrevenue and cost accounts. Smart Alerts will pro-actively inform the groupcontroller of potential issues and propose explanations for unusual businesssituations by analyzing the revenue and cost data.

In the context of Group Accounting & Reporting

The “Status Proposal” ML Service extension for the GR / IR Monitor will makestatus proposal depending on the situation on a PO-Item. Speed up the

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11/14/2018 SAP Leonardo and other Innovations for Finance

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decision process, for example define what are the next steps for FI Postings onan PO-Item, depending on the experiences from the past.

Predictive Close with more insight into processes which are not yet GAAPrelevant, like presumed profit, book-to-bill ratio, and incoming orders.

In the context of Treasury & Financial Risk Management

Improved liquidity forecasts with machine learning capabilities and statisticalmodels to show insights gathered by the machine learning algorithm asadditional analytic offering to:

Detect fraud in early stages

Identify correlations in cash flow data

Find out the main influencers of the timing of cash flows, and how theyimpact the difference between actual and planned date

Identify liquidity trends, for example, historical/emerging, suddenchanges, and so on

In the context of Financial Operations

SAP Cash Application

Automatically learns from accountants’ actions and applies it tofuture payments

Remittance/Payment Advice processing without manual input ofremittance advices

Dispute Management & Cash Collection

When creating a dispute case, auto suggest reason and personresponsible; exclude item that has dispute case from invoice andpayment matching process.

Suggest collection strategy to obtain best collection results,recommend action to cash collector, such as either to call acustomer or write-off

SAP CoPilot

11/14/2018 SAP Leonardo and other Innovations for Finance

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CoPilot.pptx

SAP CoPilot is a contextual collaboration tool that sits on top of SAP Fiori-based apps. It allows you to gather and create artifacts such as notes,screenshots, and objects and place them in ad hoc collections, all in thecontext of the app that you are working in. SAP CoPilot is context sensitive, andcan recognize business objects in each app that you work in. You can referenceobjects directly from your current screen and add them to your collection.Participants that you invite to your collection can see where the object wasreferenced in the original screen. Each collection starts off as your ownpersonal space for gathering information, and is only made public toparticipants that you choose to invite.

Key features for the SAP CoPilot

Conversational (Multi-Modal) UI

Communicates with you in natural language via text, gesture or voice.Enables you to converse with others, within your business context

Business Context Awareness

Offers relevant insights when you need them based on your role, contextand current business situation. Recognizes business objects on yourscreen or within the conversation.

Quick Actions

SAP CoPilot offers insights and suggestions to help you decide on the propercourse of action when you need it. Enables to you to quickly create a businessobject, prompting for minimal input.

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Learns and Recommends

Starting with pre-defined business rules and gradually learning from behavioraldata, recommends next best actions to the use

Key Capabilities of the SAP CoPilot

Key capabilities include:

Notes: Users can create notes when working with apps. SAP CoPilot linksthe collection of notes to the apps you were working on, helping you findthem when you return to the app.

Screen Shots: SAP CoPilot can take intelligent screen shots from SAPFiori apps. These allow you not only to view the captured image, but alsoto navigate to the app from where the screen shot was taken, with thesame filter parameters applied. Users can edit their screenshot by doingthe following: comment, draw on, censor or hide certain areas, and usecallouts to highlight other areas.

Recognizing Business Objects: SAP CoPilot recognizes business objectswithin the current application context and allows you to add them to your

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collection of notes and screen shots. SAP CoPilot also recognizesbusiness objects referred to in notes or chats.

In-Context Chat: Chat with other users from your business applicationcontext without entering a collaboration room, and share notes,screenshots, and business objects. Save the collection of chats, notes,and so on for later use. When sharing screen shots, your colleagues canalso navigate with one click to the app from where the screen shot wastaken, with the same filter parameters as you used when taking it. In otherwords, no need to attach screen shots to e-mails and explain to yourcolleagues which app was used and which filter parameters were used:one click will do! Of course, this navigation is only available to users whoare authorized to access the app.

Quick Actions: Quickly create business objects via a select number ofembedded QuickCreate UIs; fields are pre-filled from SAP CoPilot context.

Note

You can find a more complete overview of available finance specific appsin other modules of the course.

Dhayalaraj, Ashok