Elevating Finance: Unleashing Emerging Tech for Intelligent ERP Transformation

As technology advances, staying competitive requires continuous process evolution. For SAP Finance leaders & architects, it is imperative that integrating emerging technology into key areas is crucial to get ahead of competitors by transforming traditional ERP into an Intelligent ERP system by harnessing cutting-edge technology.

Here are some tips on how to integrate emerging intelligent functionalities in your current ERP system:

𝟏. 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞:

Implementing machine learning algorithms to predict cash flow fluctuations. By analyzing historical financial data and external factors, the system provides real-time insights, enabling proactive measures to optimize cash management and mitigate financial risks.

𝟐. 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐭 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬:

Utilizing blockchain to enhance transparency in financial transactions, especially in cross-border payments. Blockchain ensures secure, traceable, and tamper-proof transactions, reducing the risk of fraud and enhancing the efficiency of financial operations.

𝟑. 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐨𝐟 𝐓𝐡𝐢𝐧𝐠𝐬 (𝐈𝐨𝐓) 𝐟𝐨𝐫 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:

Deploying IoT sensors to monitor the performance of critical high-value assets in a portfolio. Real-time data from these sensors enables intelligent decision-making for asset maintenance, ensuring optimal returns and minimizing risks.

𝟒. 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐟𝐨𝐫 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬:

Implementing advanced analytics tools to analyze customer financial behavior. This empowers financial institutions to tailor personalized financial products and services, enhancing customer satisfaction and loyalty.

𝟓. 𝐂𝐡𝐚𝐭𝐛𝐨𝐭𝐬 𝐟𝐨𝐫 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐒𝐮𝐩𝐩𝐨𝐫𝐭:

Integrating chatbots for financial customer support within SAP systems. These chatbots can assist with account inquiries, transaction history, and financial advice, providing a seamless and efficient customer experience.

6. Robotic Process Automation (RPA) for Financial Operations:

Automating repetitive manual tasks in financial reconciliation processes. RPA ensures accuracy, reduces processing time, and allows finance professionals to focus on more strategic activities, improving overall financial efficiency.

7.  Machine Learning Applications for Financial Predictions:

Incorporating machine learning applications to analyze market trends and predict stock prices. This enables financial analysts to make informed investment decisions, optimizing portfolio performance.

8. SAP Intelligent Robotics Process Automation in Financial Reporting:

Implementing intelligent RPA to automate financial reporting processes. This not only improves the speed and accuracy of financial reporting but also ensures compliance with regulatory requirements.

9. Situation Handling in Financial Risk Management:

Implementing intelligent situation handling to automatically respond to changes in market conditions that pose financial risks. This proactive approach minimizes potential losses and ensures effective risk management.

10. Governance, Risk, and Compliance (GRC) for Financial Regulations:

Integrating GRC tools to ensure compliance with financial regulations. This includes automating compliance checks, managing financial risks, and enhancing overall governance in financial operations.

By incorporating these intelligent functionalities with a finance-focused approach, enterprises can revolutionize their SAP Finance ERP throughput, driving innovation and efficiency in financial operations. 🌟

𝐊𝐞𝐞𝐩𝐢𝐧𝐠 𝐨𝐧 𝐭𝐨𝐩 𝐨𝐟 𝐒𝐀𝐏 + 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧: 𝐀 𝐖𝐢𝐥𝐝 𝐑𝐢𝐝𝐞 💡🚀

As a certified SAP Finance + Blockchain Architect, keeping pace with not one, but two cutting-edge technologies can present challenges, especially with the breakthrough rapid advancements in SAP solution offerings like BTP, Fiori, Cloud etc, and the ever-evolving Blockchain-based solutions like DeFi, Web 3, NFTs, ZKPs, CBDCs etc in the last 6 years, have all made it quite the ride! 🚀

Despite market fluctuations and technological shifts, the synergy between SAP and Blockchain is transformative, and this combination is destined to catapult the development of the "𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧” of tomorrow especially now with the everyday-advancement of #𝐀𝐈.💥

Imagine seamlessly integrating blockchain into your SAP environment, enhancing data security, transparency, and traceability throughout your supply chain. Picture real-time insights into financial transactions validated by the source of truth automatically, automated sales & and purchasing processes with no manual verifications required, and immutable records ensuring compliance for direct submission to governments without any 3rd party involvement. These are just a few examples of the transformative potential when SAP and Blockchain join forces with AI playing its part as well. 🌐

It is always going to be challenging to build and develop SAP Blockchain prototypes, but the ability to innovate, drive efficiency, and unlock new opportunities for the growth of lament business processes is what will fuel development and adoption over time.

If you would like to understand what Blockchain is and how it powers ERP solutions like SAP, check out the Blockchain primer article available on ANZSAP Magazine.📝

https://issuu.com/anzsapmagazine/docs/anzsap_issue01_fullmag_design_v13-singlepages/52

If this triggers your interest and you are keen on exploring or participating in a pioneering initiative aimed at constructing an SAP Blockchain solution poised to transform ERP processes, feel free to reach out to connect, converse & collaborate in building "𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬" of the future.

𝐓𝐡𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 + 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 🧶

Blockchain technology helps to revolutionize industries by eliminating middlemen and enhancing process efficiency through reliable, verified data.

But what if there's even more potential on the horizon? 🔮

According to a recent report by McKinsey & Company, the integration of Generative AI is set to skyrocket the economic value of tasks related to “𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐢𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐢𝐧𝐠”.

Estimates suggest a staggering increase from 𝟐𝟒% 𝐭𝐨 𝟒𝟓% in economic value in tasks related to stakeholder interfacing proving the benefits of the transformative power of #AI automation on #blockchain verified data. 🧮

On a related note, the managing of tasks would be 3 times better in companies that run Generative AI than those without.

https://www.fm-magazine.com/news/2024/feb/generative-ai-whats-the-potential.html?utm_source=mnl:updt&utm_medium=email&utm_campaign=23Feb2024

10 Things to consider in an SAP S4 HANA Upgrade

As more SAP Enterprises are embarking on a business transformation project of moving to S4 HANA, the essence of a seamless transition from ECC to S/4HANA lies in the meticulous attention given to certain items that help to ensure a strategic evolution towards a future-ready, intelligent ERP solution architecture.

Here is a simple starter guide on 10 things to consider to help get started on the upgrade process:

1. Understanding the Landscape:

Before embarking on the upgrade journey, it's crucial to comprehend the existing ECC landscape. Assess the customizations, integrations, and third-party applications to ensure a comprehensive understanding of the system.

Tool: SAP Solution Manager: Utilize SAP Solution Manager to perform a comprehensive system analysis. The Landscape Management Database (LMDB) in Solution Manager provides a centralized view of your entire system landscape. Also explore SAP Signavio, which creates an easy-to-use system by enabling modeling, analysis, and effective workflow management on a single platform. This allows companies to use data to examine all levels of their business processes and identify what works and what doesn't.

2. Key Functionalities in S/4HANA:

Familiarize yourself with the key functionalities introduced in S/4HANA, such as the Universal Journal, Fiori apps, and real-time analytics. These features enhance efficiency and offer a more streamlined financial management experience.

Tool: SAP Fiori Apps Library: Explore the SAP Fiori Apps Library to identify and understand the available Fiori applications relevant to finance processes. This helps in leveraging the enhanced user experience in S/4HANA.

3. Impact Analysis:

Conduct a thorough impact analysis on existing business processes. Identify potential disruptions and mitigate risks by planning for necessary adjustments in workflows, interfaces, and reporting structures.

Tool: SAP Readiness Check for SAP S/4HANA: This tool assesses your existing ECC system and provides insights into the potential impact of an S/4HANA migration. It outlines necessary adjustments and highlights areas that might be affected.

4. OSS Notes and Patches:

Stay informed about the latest OSS notes and patches related to the S/4HANA upgrade. Regularly check SAP's support portal for updates, as these notes address known issues, provide fixes, and offer valuable insights into optimizing system performance.

Tool: SAP Support Portal: Regularly check the SAP Support Portal for the latest OSS notes and patches. The portal provides a centralized location for accessing SAP's knowledge base, updates, and fixes.

5. Data Migration Strategy:

Develop a robust data migration strategy to ensure a smooth transition of critical financial data. Consider utilizing tools like SAP Data Services for cleansing and transforming data, minimizing the risk of inconsistencies post-migration.

Tool: SAP Data Services: SAP Data Services is a comprehensive data integration and migration tool. It helps in cleansing, transforming, and migrating data from ECC to S/4HANA, ensuring data consistency and accuracy.

6. Collaboration with Stakeholders:

Engage with key stakeholders across departments to garner their input and address concerns. Collaborative efforts ensure that the upgrade aligns with overall business objectives and minimizes disruptions to day-to-day operations.

Tool: SAP Jam Collaboration: SAP Jam facilitates collaboration among stakeholders. Create groups for different project teams, share documents, and foster communication to ensure alignment across departments.

7. Testing Protocols:

Rigorous testing is paramount. Establish comprehensive test protocols to validate end-to-end processes, ensuring that the upgraded system meets performance, security, and compliance standards.

Tool: SAP Solution Manager Test Suite: Leverage the testing tools within SAP Solution Manager, such as Test Management, to create and manage test cases. Execute end-to-end testing scenarios to validate system functionality.

8. Training and Change Management:

Invest in training programs to upskill your team on the new S/4HANA functionalities. Implement change management strategies to ease the transition and encourage user adoption.

Tool: SAP Enable Now: SAP Enable Now provides in-application guidance and training content. Create customized training materials to educate users on the new S/4HANA functionalities, aiding in change management.

9. Strategic Roadmap:

Develop a strategic roadmap that aligns with the organization's long-term goals. Consider phased implementations to minimize downtime and optimize resource allocation.

Tool: SAP Roadmap Viewer: The SAP Roadmap Viewer offers a structured view of the implementation and upgrade roadmaps for SAP solutions. Tailor the roadmap to align with your organization's strategic goals.

10. Post-Upgrade Support:

Prepare a robust post-upgrade support plan. Monitor the system closely in the initial stages post-migration, addressing any unforeseen issues promptly and ensuring a smooth transition to business-as-usual operations.

Tool: SAP Solution Manager Monitoring: Leverage SAP Solution Manager's monitoring capabilities to closely track the system's performance post-upgrade. Set up alerts and notifications for proactive issue resolution.

An informed and strategic approach is imperative for a successful ECC to S/4HANA upgrade, especially given SAP's support for ECC end in 2027. By understanding the intricacies, collaborating with stakeholders, and staying abreast of updates, organizations can navigate their S4 HANA transformation effectively.

5 Accounting principles to consider in an SAP Finance Implementation

As I’ve mentioned in many previous articles, I’ve always believed that implementing SAP Finance Enterprise solutions is more than just working on SPRO configurations and writing tech/functional specs, it is equally important to lay down a finance roadmap by tapping into core accounting principles that serve as the guiding star in converting the Finance department from a cost center to a “value-centre”. 🌠

Having had the opportunity of working with multiple clients in designing and delivering SAP Finance Enterprise solutions, for me, focusing on these 5 Accounting principles has helped in delivering SAP Finance Implementations that have made a difference.

🚚 Inventory Accounting

 SAP's Material Ledger functionality can be used to capture multi-currency, multiple valuation approaches, and actual costing. Setting up material costing with real-time updates to calculate standard costs, could help you ensure your inventory valuations can be used to forecast product profit margins, etc. The ability to push the assignment of overhead costs based on actual activities helps to identify the true cost of your inventory down to the granular level. There have been instances where we’ve hit the maximum number of cost components (20max) aiming to provide granular level details for cost management accountants.

🧮 Accounting Methods & Standard:

 A good knowledge of IFRS, AASB, and IAS will help to enforce a consistent accounting method and practices across all business units and subsidiaries. This comes in very handy when preparing group and consolidated reporting using SAP BPC or other recon/reporting tools such as Hyperion, Blackline, etc. Not to forget that consistency enables meaningful financial analysis and benchmarking, which helps to compare like-with-like aiding insightful decision-making across the business. In the retail domain, the ability to compare like-by-like stores/centers helps to improve efficiency and plan expansions accordingly.

💶 Multi-currency:

 If setting up SAP to handle multi-currency transactions, make sure to setup the functionalities like SAP MCA and parallel ledger with different currencies, which will help to track and report currency conversion and revaluation as per relevant accounting standards (e.g., IAS 21) and help enterprise to be ahead on potential unrealized gains/losses and plan accordingly.

📇Accrual Accounting:

 In an SAP Finance implementation, accrual accounting ensures that revenue and expenses are recognized when earned or incurred, even if cash hasn't been exchanged. This principle is crucial for working capital management, allowing accurate tracking of outstanding invoices, payables, and receivables. Setting up internal systems to capture, calculate, and deliver these accruals in a timely value will make a world of difference.

and a favorite of mine has always been “Working Capital Management” 📈  as this truly helps an organization's financial health.

Developing SAP’s standard functionalities to streamline AR processes, and optimize AP processes with SAP Invoice Management and auto payment based on liquidity needs and cash management strategies of the enterprises could help directly impact the WCM health of an entity. Using SAP’s cash application to focus on identifying key drivers on WCM strategies and develop reporting of WC ratios such as Acid test, Current Asset, etc, will help achieve hidden value in the process.

However, it's crucial to acknowledge that while these prospects are enticing, their viability varies across clients due to their distinct SAP landscapes, versions, and integration setups. This reality underscores the importance of addressing potential prerequisites in other areas before fully unlocking the potential of SAP Finance. The guiding principle remains clear: progress incrementally toward a more promising future.

Though these are items that are exciting to explore and implement as a Finance architect, their viability varies across clients due to their distinct SAP landscapes, versions, and integration setups. The reality is that there might be potential prerequisites in other areas to be addressed first, before embarking on exploring all that SAP Finance has to offer. The guiding principle remains clear: progress incrementally toward converting finance as a “value-center”.  💎

Practical Considerations for a Successful S/4HANA Upgrade!

Getting SAP Certified is undoubtedly valuable, understanding what to do is one thing, but knowing how to do it in the best way possible, tailored to each client's unique requirements and strategic goals, is where the real magic happens. After all, the golden rule in our realm is crystal clear: "Every client is DIFFERENT"! 🎢

With SAP pushing for a 2027 deadline to move to S4 HANA, as a client if you are gearing up for an S/4 HANA upgrade or are simply curious about the process, these practical considerations to deliver a successful S/4HANA #upgrade might come in handy! 📚

Unleashing the Power of AI 🤖 and Blockchain ⛓with S4 HANA Finance

 Finance leaders of today face unprecedented challenges and opportunities with the advent of cutting-edge technologies like Artificial Intelligence (AI) and Blockchain, finance business processes are being revolutionized, and with the rise of triple-ledger accounting, this could render traditional “reconciliation” obsolete.

With all the hype around AI and the fact that unlike other technologies this is actually having a significant impact on ways of work, this article is a “what-if” hypothesis on what could the future look like if #AI combined with blockchain-powered SAP S4 HANA Finance solutions.

Real-Time Financial Reporting: ⌛️

AI-powered such as Predictive Analytics integrator (PAi) in S/4HANA can process vast amounts of financial data swiftly, providing decision-makers with up-to-the-minute reports and forecasting. By anchoring this data on a secure Blockchain, financial information can be shared seamlessly across departments and organizations, promoting collaborative decision-making while safeguarding sensitive data. Month-end closures could take less than a day, books close at 3.55 PM, and Financial Statements and reports are available at 4.01 PM after trading hours.

Fraud Detection and Prevention: 🛡

Embedded ML and Side by Side ML embedded in S/4HANA can learn from historical transactional patterns and identify suspicious activities in real time. By integrating Blockchain's decentralized and tamper-resistant ledger, potential fraud attempts can be immediately flagged, reducing the risk of financial losses and reputational damage.

Streamlining Audit Processes / GRC on Blockchain 🗳

Embedding Blockchain with real-time AI-driven SAP governance, risk, and compliance solutions, could mean that #s4hana can continuously monitor financial transactions, ensuring compliance with regulatory standards. By leveraging Blockchain, auditors gain access to an unalterable record of financial transactions, streamlining the audit process and facilitating a smoother, more transparent experience.

Supplier Payment and Management: 🚛

S/4 HANA integrated with #AI can optimize payment schedules, ensuring timely and accurate transactions, and by deploying Blockchain businesses can establish a decentralized system for verifying and onboarding suppliers (PoC in progress at zynergyx Technologies), reducing paperwork and enhancing trust among all stakeholders.

These are just some of the key areas, in which I feel that S4 HANA Finance could benefit from the synergies of AI and Blockchain technologies.

To learn more about how #Blockchain & #AI could power SAP Enterprise solutions of the future, check out the dedicated “bc_sap” discord channel on zynergyx.com

https://lnkd.in/dJVTHeqU

DeFi + SAP solutions for Enterprises 💴⛓

 DeFi (Decentralized Finance) is a rapidly developing field that has its roots in the #cryptocurrency sector but is already extending beyond it. Today, a variety of organisational use cases are being addressed by #DeFi apps, and SAP is one platform that can profit from the integration of DeFi solutions. DeFi in SAP can be used to meet a number of enterprise use cases, such as:

🚢 Enhancing supply chain management: DeFi can be used to create more transparency and accountability in the supply chain, by enabling the tracking of goods and services from their origin to their destination, with provenance solutions built into SAP Supply Chain Management & Cash flow management solutions. This integration can also help to reduce the risk of fraud and improve overall efficiency.

💼New Business model generating new revenue streams: DeFi can be used to create new revenue streams by enabling the creation and trading of new financial instruments such as digital assets, tokens, and derivatives. SAP Predictive Analytics could be leveraged to identify and build predictive models to discover insights into how the digital assets are performing and lead to better product-market-fit strategies.

💷 Streamlining payments and settlements: SAP's enterprise software is widely used for managing payments and settlements between businesses. DeFi solutions can help to streamline SAP's Financial Management solutions adopted by Enterprises and these processes can leverage the benefits of blockchain technology to enable fast, secure, and cost-effective transactions. The future of SAP Payment functionality can be enhanced with AI with inbuilt-smart-contract powered by Blockchain to make settlements and collect cash with little to no disputes.

📊Improving liquidity management: DeFi can be used to improve liquidity management by allowing businesses to access a range of #financial services such as lending, borrowing, and trading. SAP’s S/4HANA Cash and Liquidity Management will truly benefit from integration on-chain with off-chain transactions to enable efficient use of liquidity items by tracing origin of cash flow powered by DeFi apps.

DeFi has the ability to completely transform how businesses run by offering new tools for enhancing productivity, lowering risk, and generating new revenue sources. SAP Enterprises with the right attitude and skill set could take advantage of what DeFi has to offer and stay ahead of the curve in a market that is becoming ever more competitive.

To learn more about how #Blockchain & DeFi could power solutions that address common Enterprise challenges , check out the dedicated “bc_sap” discord channel on zynergyx.com.

https://lnkd.in/dJVTHeqU

#futuresolutions #emergingtech #s4hana

Blockchain ⚙️powering #FinTech 📱

With Blockchain gaining traction and more FinTech solutions building platforms to integrate into Blockchain, there are going to be some processes within the #finance value-chain that could benefit the most across multiple domains:

• Cross-Border Transactions - Blockchain-powered payment services charge less than one percent in fees on cross-border payments. They take only a few hours to process and account for billions of dollars in international transfers completed.

• Late Payments - International buyers use their suppliers as a source of financing by paying invoices late blaming it on in-efficient clearing etc. However, a new auto-settlement product powered by blockchain will allow the supplier to specify the settlement conditions upon which the automatic payment would be triggered by the buyer, and ensure there were no long delays in any invoice payments, and being paid on time.

• Intercompany transactions, and reconciliation – When Blockchain is adopted by all parties in an eco-system this brings all parties into a single platform to allow sharing of real-time information and automated intercompany reconciliation, blockchain can enhance corporate treasury functions.

• Record Sharing and Storage - Banks hold massive stores of records because they have so many customers. Those records are very valuable to bad actors. Blockchain helps to store records in a decentralized fashion, providing top-flight security and easy accessibility. This system also eliminates the risk of complete record loss.

• Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Investigations would become far quicker and cheaper with blockchain. Because data logged on the blockchain is distributed across hundreds or even thousands of nodes, altering the entire decentralized record is effectively impossible.

• Trade Finance - Blockchain technology could help decrease recordkeeping costs and eliminate some intermediaries while simultaneously weaning trade financiers off of paper-based systems that cost time and money.

• Increasing Transparency - The blockchain allows unparalleled data aggregation, fund tracking, and transparency. This will expose and reduce risky practices while rewarding responsible bankers.

More details on how SAP can address similar scenarios within S4 HANA and SAP BTP will be covered as part of the SAP + Blockchain scenario series, check out zynergyx Technologies for updates.

For more SAP Blockchain use cases & solutions, visit the free dedicated Blockchain SAP channel on: 

https://discord.gg/Dv6aZwa

Source: https://lnkd.in/gia3VwG4 & zynergyx.

Do you need BLOCKCHAIN? 🔮 ⛓

Management Tools to validate the all-important question "Do you need BLOCKCHAIN"? 🔮 ⛓

Blockchain is proclaimed to be a technology that can solve challenges across multiple domains, but it is no silver bullet and definitely not a one-size fit all solution. To identify if a #Blockchain solution can add value to your business, it is imperative that you do some groundwork, and here are some tools that can help.

• Have you identified intermediaries within your existing processes that are limiting your monetary and/or operational efficiencies? i.e., administrative or transactional roadblocks.

🛠️ Tools: Critical Path Efficiency Analysis, Value Stream Mapping

• Is your current business model immune to the transparency that comes with sharing data across the value chain?

🛠️ Tools: Business Model Framework, Value Network Analysis

• Understand if there are economic incentives to capturing value opportunities, in other words, does it save you something. 

🛠️ Tool: Cost Benefit Analysis

• What is your company's risk profile? If your company's "New Tech" risk appetite is low there could be pushback from elements internally to adopt Blockchain.

🛠️ Tools: Identify your risk & security appetite using Risk Profile Matrix and Information Security Framework.

• Are there open opportunities to join forces with business partners to capture and share value? The more contributing parties on the network, the more value is created.

🛠️ Tool: Network Value-Chain Mapping

• Identify if your business is ready for an architecture that is open and scalable. This applies to both permissioned and permissionless Blockchain solutions.

🛠️ Tools: Engagement Models, Technology Maturity Models & Frameworks

Using the right tools will help you decide if you really need Blockchain. 🔮 ⛓

At zynergyx Technologies, our goal is to educate & advice SAP Enterprises explore Blockchain and help identify specific competitive-advantages that Blockchain can deliver for them.

For more on SAP & Blockchain, visit the SAP Blockchain channel (bc_sap) on: https://discord.gg/Dv6aZwa

#futurearchitecture #sap #blockchaintechnology #cimaglobal #cpaaustralia #managementconsulting