As part of the BBC鈥檚 continued digital transformation journey, the move to the cloud will mean it鈥檚 simpler and more cost effective for the BBC to run its IT systems 鈥� helping it focus investment on high-quality services for audiences.

RISE with 麻豆原创 has successfully replaced the BBC鈥檚 previous model of separate contracts for use of data centres and software licenses 鈥� each of which had annual maintenance, support fees and services. The organisations will roll out further updates over the coming months.

Peter O鈥橩ane, BBC Chief Technology Officer, says: 鈥淲e want to make sure we鈥檙e investing the most we can in services for audiences. By simplifying our IT services, we can focus on running our business and ensure we鈥檙e meeting the needs of our viewers and listeners.鈥�

鈥淭his marks a key moment in the BBC鈥檚 aim to streamline its business operations鈥� added Leila Romane, Managing Director of 麻豆原创 UK and Ireland. 鈥淲e are delighted to partner with the BBC and our solutions, backed by the security and availability of the AWS Cloud, means the BBC has the ideal foundation to deliver on its promise to serve all audiences.鈥�

Tanuja Randery, Vice President and Managing Director, Europe, Middle East & Africa (EMEA) at AWS, said: 鈥淲e鈥檙e delighted that the BBC has chosen to move its critical 麻豆原创 business systems to run on AWS. Our proven track record in delivering high-performance, secure, and scalable cloud services aligns perfectly with the BBC鈥檚 needs and enables them to improve performance, increase resilience and reliability, and accelerate their digital transformation journey with confidence.鈥�

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About 麻豆原创

As鈥痑 global leader in enterprise applications and business AI, 麻豆原创 (NYSE:麻豆原创)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted 麻豆原创鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥痺ww.sap.com.

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These market conditions fall into three main areas: Money, Energy and Supply. The cost of capital, energy cost volatility, regulation, and geopolitical disruption have all impacted on business and will continue to change the cost base of a business on short notice. Modern, high performing finance functions recognise that the speed of change has radically increased requiring much higher precision and speed in forecasting and decision-making, to ensure that relying on yesterday鈥檚 information won鈥檛 sink today鈥檚 business.

Finance must be in the driving seat for designing new organisations which can cope with these changes, because no one else has a complete view across the landscape and making decisions in isolation leads to local failure. Only finance has visibility covering everything from input and overhead costs, to consumer preference, to the impact on margin.

We see this review reflected in the priorities of FTSE 40 controllers, who highlight the need for:

• (Affordable) Beneficial technology, getting the most return on investment
• Value from their data assets, to respond to shocks quickly
• Staying ahead of new controls regulations and requirements
• Responding to changes in ESG reporting and compliance

Getting these decisions right will give the business confidence to continue investing in growth platforms like new sales channels, new business models, store modernisation, marketing and developing their people, providing the right platform for the future.

Technology to beat the business trap 鈥� What are the 鈥榩ivot鈥� options?

Businesses are faced right now with either pushing up their prices and hurting customers or cutting their margins and swallowing supplier price increases, neither of which is palatable; technology can offer a third option; using the capabilities we will describe in this article, the CFO can direct resources to help sustainably grow the revenues, margin, and remain competitive. How does this modern technological alchemy work?

The CFO supports the top line and bottom line of the enterprise, traditionally in a relatively passive manner delivering visibility and controls over profitability, liquidity, auditability, and compliance. Technology is giving the CFO the opportunity to become active in the health and growth of their businesses. To make the CFO a 鈥�star鈥� contributor to the business, at a time of severe challenge, we would encourage exploring the innovative finance capabilities described in this article.

Reimagine Finance Operations

The CFO has the opportunity to leverage technology, data and insights to model future business options indeed, to critically analyse prior decisions, what worked well and what didn鈥檛. According to Gartner, decisions governing everyday operations often lack financial rigor, which can result in a loss of 3% or more of profits for organisations. This is primarily due to fragmented systems with siloed operations and an inability to access financial information in real time to make proactive decisions. As a result, CFOs recognise the need to modernise finance operations to reduce manual effort and enable their employees to focus on more value-added activities. A case in point is , which faced rapid growth after COVID-19, resulting in high volumes of data and an accelerated need for the company’s digital transformation. The e-commerce and fintech leader in Latin America achieved an 85% automation rate in treasury and cash management by streamlining their finance operations on a unified platform.

Delivering Assurance

It is expected that over the next 6 months the UK will be transferring from the Financial Reporting Council (FRC) to the Audit Reporting and Governance Authority (ARGA). Although recently the government have stepped back from their plans to introduce UK Corporate Governance Code led improvements around Financial Controls and CFO attestation statement on Fraud, the change in regulator is expected to deliver sharper teeth and greater pressure on external auditors to report more accurately. The upcoming changes to the Economic Crime and Transparency Bill, relating to Fraud, will include a new 鈥榝ailure to prevent鈥� offence and is currently moving through parliament, due in the firstquarter of 2024. A recent University of Portsmouth report outlined that Fraud may have cost the UK private sector in the region of 拢158Billion in 2022. Fraud still represents a 5% revenue loss for many organisations, money which if protected could be reinvested to promote growth. Business resilience is a key area where an integrated controls, risks management and machine learning/AI technologies have proven to deliver significant loss avoidance whilst also enabling businesses to remain on the correct side of regulatory requirements.

Optimise Cash Management

The CFO and the finance team need to have great visibility, effective control and collaborative execution for that finite, and most valuable business resource, cash! The poor understanding of cash flow is the key reason why many businesses fail. Businesses need integrated, intuitive tools that give them instant insights on the complete value chain, including receivables, payables, and associated supply chains. They need actionable information about cash, liquidity, and working capital, and their treasury platform should allow them to predict liquidity, make proactive decisions and mitigate financial risk. Zalando achieved 100% visibility into cash and accounts through redesigning their treasury and risk management and Zalando Payment system built their unique computing and monitoring model to provide deep insights into its factoring related cash flow movements and became compliant for regulatory requirements as a multinational .

Manage Profitability

Finance teams need to be active participants in managing profitability for the business, they may not be responsible solely, but they can best support the business by providing finance data and models in a timely, reliable and enabling fashion. The typical challenges that prevent retailers from proactive steering is the poor visibility to the real economic costs of products, customers and channels. According to Ventana Research, the most commonly mentioned challenge for companies in managing customer profitability is analytics. Using the right technology retailers can understand the real cost dimensions of their business and better control the margin challenges. Brakes 鈥� leading food service supplier in UK 鈥� achieved 2% improvement in margins through remodelling and digitizing their pricing and .

The CFO and his team have the opportunity to play an even bigger part in the future success of their business. Not only are the Finance team the keepers for financial data, they have the opportunity to proactively consult with the business teams; partnering in agile decision-making, providing business insights, actively supporting investment choices, helping identify success or failure in a rapid manner. Transforming the finance function provides the opportunity for businesses to escape the business trap of higher prices or lower margins, it can help you to pivot to increased competitiveness, revenue growth and success with customers, these are definitely the numbers worth pursuing.

If your organisation would like to know more about how these solutions can support your success, then please contact the authors:

• Shaid Latif, Industry Advisor Expert 鈥� Retail & Life Sciences at 麻豆原创
• Elif Kuralay, Industry Advisor at 麻豆原创
• Blair Robinson, Partner, Business Consulting at EY
• Matt Smith, Alliances Director at EY

The post Using Finance To Manage The Bottom Line And Pivot To Growth鈥� appeared first on 麻豆原创 UK News Center.

LONDON 鈥� (NYSE: 麻豆原创) today announces that , one of the world鈥檚 leading communications services companies, has gone live on to transform its ERP operations in the cloud.

It鈥檚 a move that strengthens the existing partnership between the two companies, enabling BT Group to retire 11 legacy finance platforms and benefit from millions of pounds worth of annualised savings. It also showcases the value of , 麻豆原创鈥檚 tailored-to-fit cloud ERP solution, in delivering business-wide transformation at scale.

The deployment forms part of BT Group鈥檚 multi-year digital transformation journey to enhance its operations and build better colleague experiences. A partner since 2019, 麻豆原创 has supported BT Group with its modernisation programme, providing smart, streamlined finance operations under its Making Finance Brilliant initiative. At the same time, 麻豆原创 has enhanced BT Group鈥檚 colleague and customer experiences through the creation of a new 鈥楳yHR鈥� platform, powered by 麻豆原创 SuccessFactors.

Now, BT Group runs 麻豆原创 S/4HANA to take its Making Finance Brilliant initiative to the next level. It unites its finance data, reports and accounts, and powers its Business, Openreach and group finance operations in the UK.

The partnership also sees BT Group add to its robust 麻豆原创 portfolio, following its onboarding of 听听as part of its commitment to enhance its workforce experience via the creation of its 鈥楳yHR鈥� platform. These deployments form part of the strategic transformation of its digital HR capabilities, transforming learning,听听and management of contingent workers. It helps BT attract talent as well as enabling career development and workforce planning.

鈥淭he last couple of years have shown the necessity of being able to move fast and be agile to changing circumstances without disrupting either the customer or colleague experience,鈥� said Jay Doshi, MD, Corporate Units, Digital at BT Group. 鈥淲ith our new 麻豆原创 deployment adding to our existing portfolio, we can remove the complexity from our finance processes, allowing simplifying finance operations across the Group, reducing costs, boosting productivity and deepening the insights we can access to inform wider business strategy. Our teams will now reap the rewards as our strategic transformation programme drives a new digitally-enhanced experience.鈥�

Ryan Poggi, Managing Director of 麻豆原创 UKI added, 鈥淏T Group has a long history of connecting the world through the power of telecommunications. As it undergoes its programme of transformation, our cloud-based solutions will place data at the heart of strategic decision-making, driving operational efficiencies and enabling innovation at scale.

鈥淲ith immediate savings, and wider benefits in productivity and performance, our services can scale to meet and deliver against BT Group鈥檚 transformation ambitions. That鈥檚 why we鈥檙e the only choice for organisations, of any size, that wish to modernise their ERP and stay resilient to the challenges that may come.鈥�

About BT Group

BT Group is the UK鈥檚 leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business* covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 650 communications providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

For more information, visit

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 麻豆原创 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 麻豆原创 helps the world run better and improve people鈥檚 lives. For more information, visit .

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Today, risked based lending has become the standard by banks, driving up insurance costs which get passed onto the wider supply chain. Simply Mystro, a UK based start-up built on , leverages a global validation network for banking institutions to reduce processing time and risk. Its proprietary rules-based processing engine is integrated with 麻豆原创 technology, and delivers a near instant, completely secure, auto-validation process between buyers, suppliers and funder, creating a global validation network for Supply Chain Finance.

His Excellency Sheikh Faisal Bin Khalid Bin Mohammed Al Qassemi, member of Sharjah ruling family, joined Simply Mystro as a Principle investor and Chairman in November 2021. With the worldwide market worth over Euro 鈧�15 trillion per annum, Simply Mystro now has its eyes set on global financial institutions, following securing deals with four major banks and a Government regulator.

Russell Carter, Chief Executive Officer and Founder at Simply Mystro, said: 鈥淚n less than half a year, with the help of 麻豆原创 BTP tooling, we鈥檝e been able to raise seed-funding that is unheard of, valuing us as a 拢200m company in just five months. With the help of 麻豆原创, we鈥檝e been able to develop the product for market in a very short period of time, securing deals with four major banks and a Government regulator and interest from other global financial institutions.

鈥淲e鈥檙e reducing the costs for banks by automating validation and this should reduce costs for other parts of the supply chain. Financial institutions need to stay agile and our automatic validation gives them more time to identify suspicious transactions quickly and reduce the risk they take on when lending.鈥�

Through 麻豆原创 BTP鈥檚 Integration Suite, Simply Mystro can seamlessly integrate its on-premise and cloud-based applications and processes with tools and prebuilt content managed by 麻豆原创. This helped Simply Mystro to launch a product that services enterprise size banks within just a few weeks.

Using a unique combination of , machine learning, robotic process automation and blockchain, Simply Mystro compares all key data sets as per AML (anti-money laundering) global compliance standards, and verified against PEP (politically exposed persons), sanction, and adverse media databases for added security.

Stephen Knipe, COO Platform and Technology EMEA North, at 麻豆原创, said: 鈥溌槎乖� was the right partner to support Simply Mystro鈥檚 bold mission to fundamentally transform the way that global banks manage risk, by providing a unified,听business-centric, and open platform for the entire 麻豆原创 ecosystem. Simply Mystro has developed a cloud to cloud data extraction service via BTP, enabling it to process and auto-validate large volumes of data in real-time. When it comes to enabling businesses to innovate and accelerate time to value, 麻豆原创 is a true strategic partner.鈥�

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LONDON 鈥�听 today announced that has extended its relationship with 麻豆原创 to make its payments gateway product, , available to 麻豆原创 customers across Europe.

From today, any business signed up to the will be able to access Smartpay and take advantage of benefits including frictionless customer experience, bolstered fraud defences and a consistent payments offering across online and offline channels.

One of Smartpay鈥檚 chief benefits is its ability to power fast, smooth, flexible payments. The platform supports one-click purchases and allows buyers to use a variety of different cards, currencies and payment methods. In addition, Smartpay uses the latest anti-fraud approaches 鈥� such as machine learning 鈥� to detect fraudulent transactions in real-time and reduce false positives. This approach protects the business鈥� finances and minimises negative customer experiences such as payment declines.

For companies who rely on the 麻豆原创 Commerce Cloud to do business, implementation of Smartpay is swift and easy, and it removes the need to have multiple integrations with different payment providers. In turn, this means that organisations can offer the same payment experience to their customers across all physical, digital and mobile channels.

The provision of Barclaycard鈥檚 Smartpay gateway to 麻豆原创鈥檚 European customers is the latest development in the partnership between the two industry leaders. In February last year, a collaboration was unveiled which saw Barclaycard鈥檚 business-to-business payment solution, Precisionpay, incorporated into the 麻豆原创 Ariba Network.

Marc Pettican, President, Barclaycard Payments, said: 鈥淭his expansion of our partnership with 麻豆原创 opens up big opportunities not only for us, but also for the many businesses that use the 麻豆原创 Commerce Cloud across Europe. They will gain access to a leading payment gateway and will be able to offer customers a smooth, safe and seamless checkout experience.鈥�

Charlie Platt, VP and Head of Strategic Customers, 麻豆原创 UK, said: 鈥淭his innovative agreement demonstrates the power of our partnership with Barclaycard and our continued alignment to its long-term strategy. 麻豆原创 Commerce Cloud customers can now deploy a trusted and market-leading payment gateway solution that can help to grow their businesses.鈥�

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter at .

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To find out more about the award winning partnership between Barclaycard and 麻豆原创, visit sapappcenter.com

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from 麻豆原创 TV.

About 麻豆原创

As the Experience Company powered by the Intelligent Enterprise, 麻豆原创 is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an 麻豆原创庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 麻豆原创 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 麻豆原创 helps the world run better and improve people鈥檚 lives. For more information, visit .

About Barclaycard

Barclaycard, part of Barclays Bank PLC, is a leading global payment business that helps consumers, retailers and businesses to make and take payments flexibly, and to access short-term credit and point-of-sale finance. In 2018 we processed nearly 拢268bn in transactions globally. Barclaycard is a pioneer of new forms of payment and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting-edge forms of payment for the future. We also partner with a wide range of organisations across the globe to offer their customers or members payment options and credit.

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