Surendhar Sooriyakumar’s Post

𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐧𝐠 𝐒𝐀𝐏 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐰𝐢𝐭𝐡 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧: 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 🔍 𝐚𝐧𝐝 𝐓𝐫𝐮𝐬𝐭 🔐 In today's dynamic business landscape, organizations are constantly seeking innovative ways to gain a competitive edge. Technologies like SAP Predictive Analysis and Blockchain, empower businesses to make data-driven decisions and streamline operations like never before. 𝐴𝑐𝑐𝑜𝑟𝑑𝑖𝑛𝑔 𝑡𝑜 𝑎 𝑠𝑡𝑢𝑑𝑦 𝑓𝑟𝑜𝑚 𝐴𝑙𝑙𝑖𝑒𝑑 𝑀𝑎𝑟𝑘𝑒𝑡 𝑅𝑒𝑠𝑒𝑎𝑟𝑐ℎ, 𝑡ℎ𝑒 𝑔𝑙𝑜𝑏𝑎𝑙 𝑝𝑟𝑒𝑑𝑖𝑐𝑡𝑖𝑣𝑒 𝑎𝑛𝑎𝑙𝑦𝑡𝑖𝑐𝑠 𝑚𝑎𝑟𝑘𝑒𝑡 𝑖𝑠 𝑝𝑟𝑜𝑗𝑒𝑐𝑡𝑒𝑑 𝑡𝑜 𝑟𝑒𝑎𝑐ℎ 𝑈𝑆$35.45 𝑏𝑖𝑙𝑙𝑖𝑜𝑛 𝑏𝑦 2027, 𝑔𝑟𝑜𝑤𝑖𝑛𝑔 𝑎𝑡 𝑎 𝑐𝑜𝑚𝑝𝑜𝑢𝑛𝑑 𝑎𝑛𝑛𝑢𝑎𝑙 𝑔𝑟𝑜𝑤𝑡ℎ 𝑟𝑎𝑡𝑒 (𝐶𝐴𝐺𝑅) 𝑜𝑓 21.9%. ⛓ 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 provides a decentralized and immutable ledger for recording transactions, by which organizations can achieve unprecedented levels of transparency, security, and trust. 🚀 𝐒𝐀𝐏’𝐬 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 in SAP Analytics Cloud helps to extract valuable insights from vast amounts of data, by leveraging advanced analytics techniques such as machine learning and predictive modeling. When SAP Predictive Analysis is combined with #blockchaintechnology, this provides a decentralized and immutable ledger for recording transactions, organizations can achieve unprecedented levels of #transparency, #security, and #trust on which predictive analytics could be relied upon to make insightful futuristic decision-making. 𝐂𝐚𝐬𝐞 𝐒𝐭𝐮𝐝𝐲 𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬: 𝐈𝐧 𝐒𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, by recording every transaction and movement of goods on a blockchain network, companies can trace the journey of products from raw materials to the end consumer with unparalleled accuracy. This not only enhances visibility into the supply chain but also enables proactive management of inventory, logistics, and production processes. 𝐈𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞, blockchain-based smart contracts can automate and streamline complex transactions, reducing the risk of errors and fraud. Predictive analytics with trusted data can help build models to practice risk management by identifying potential fraud or market fluctuations in advance. 𝐈𝐧 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: By recording vehicle manufacturing and maintenance data on a blockchain, the manufacturer can provide customers with a transparent and verifiable history of each vehicle, including details of parts, maintenance records, and ownership transfers. This not only enhances customer trust but also facilitates aftermarket services such as resale, insurance claims, and recalls. As we move towards an increasingly digital and interconnected future, organizations that embrace these #technologies will emerge as leaders in their respective industries. #s4hana #blockchain #predictive #futurearchitecture

𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐔𝐧𝐥𝐞𝐚𝐬𝐡𝐢𝐧𝐠 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐓𝐞𝐜𝐡 𝐟𝐨𝐫 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐄𝐑𝐏 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 (𝐏𝐚𝐫𝐭 𝟐) 🚀 Following on from my previous post (Part 1), here are 5 more emerging technologies that will help form part of the Intelligent Finance ERP system of tomorrow. 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. Intelligent enterprises will understand the importance of incorporating these intelligent functionalities to revolutionize their SAP Finance ERP throughput, driving innovation and efficiency in financial operations. 🌟 For the full list visit: https://lnkd.in/gGStxnrj #saps4hana #intelligententerprise #sapfinance #blockchaintechnology #digitaltransformation #emergingtechnology

𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐔𝐧𝐥𝐞𝐚𝐬𝐡𝐢𝐧𝐠 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐓𝐞𝐜𝐡 𝐟𝐨𝐫 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐄𝐑𝐏 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 (𝐏𝐚𝐫𝐭 𝟏 𝐨𝐟 𝟐) 🚀    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.   The question is most often, "How can I make these emerging tech really move the needle for my business? The below set of example might help answer this question and provide some pointers on some tops to integrate emerging intelligent functionalities in your current ERP system. Most of these functionalities are already available in SAP to configure and implement.   𝟏. 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞:   Implementing #machinelearning 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.   More to follow in Part 2 where we will cover some examples on Machine Learning for Financial Predictions, GRC impact on Financial regulations, and Situational handling of Financial risk management.   #saps4hana #intelligententerprise #sapfinance #blockchaintechnology #digitaltransformation #emergingtechnology

🔮 Unlocking the Potential of Emerging Technologies: Organizational Change is Key. 🔑 In our current era of #ai, #edgecloud, and #blockchaintechnology, organizations and senior management at the C-Level eager to harness the power of emerging technologies must do more than adopt new tools—they must embrace change. Just expecting different outcomes without altering underlying work processes and structures is futile. The true way to embrace and implement emerging technology is by promoting #innovation, fostering #collaboration, #empowering employees, and facilitating adaptability, and an organization with a flat hierarchy has a much better chance of creating the ideal environment to achieve these. As the pace of technological change continues to accelerate, embracing a modern approach to organizational structure is not just beneficial—it's essential. Organizations with outdated paradigms will struggle in changing markets, always have, and always will. NVIDIA has relatively flat organizational structure has helped it with rapid innovation, agility, and collaboration across teams, leading to synergistic solutions and breakthroughs in product development whenever the market has demanded it. KODAK operated a traditional hierarchical structure, characterized by multiple layers of management and a rigid chain of command with limited agility and lack of innovation. Kodak filed for bankruptcy in 2012. This interview with Jensen Huang, Founder and CEO of #nvidia has some great pointers on this topic. #emergingtechnology #innovation #futureofwork #disruptivetechnologies #leadershipintech #organizationalchange

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. #Blockchain #GenerativeAI #Automation #DigitalTransformation #Innovation #TechTrends #FutureOfWork #mckinseyinsights

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.📝 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. #sap #s4hana #blockchain #innovation #digitaltransformation #btp #futurearchitecture #learningeveryday

10 Things to consider in an SAP S4 HANA Upgrade Project 🏰 As more SAP Enterprises are embarking on a business transformation project of moving to SAP S4 HANA, the essence of a seamless transition from ECC to S4 HANA lies in the meticulous attention given to certain items that will help to ensure a successful 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. For a list of SAP tools that could come in handy for each of these items, check out the full text article on https://shorturl.at/oqvLT #sap #s4hana #sapfico #digitaltransformation #upgrade

As we approach the end of the year and look ahead to the next, investing time in insightful books 📓 is a great way to set a positive tone for the upcoming year. Here are a couple I would recommend. "The Compound Effect by Darren Hardy” focuses into the realm of compounding, revealing how small efforts accumulate into significant outcomes over time, this book is both motivational and practical, providing actionable insights for personal and professional development. “Tao of Charlie Munger (Berkshire Hathaway's Vice Chairman) : David Clark” – This book imparts valuable life lessons, offering profound insights into life, business, and decision-making, shared by the late legendary Charlie Munger. I hope you find these recommendations insightful and enjoyable as you unwind and prepare to take on the upcoming year. #books #readers #personaldevelopment #personalgrowth

Just got my hardcopy version of the 1st edition of the ANZSAP Magazine. Glad to be a part of the inaugural edition, thanks Danielle and Shane. The top-notch quality of the magazine is testimony to the team's effort in making this happen. Well done to the team at Sapture and ANZSAP Magazine. 🎖 The hand-written note is a very nice touch. 👏 #anzsapmagazine #sap #sapcommunity #blockchain

Enjoyed learning the basics of SAP Business Technology Platform (BTP) and going into the details of the advanced concepts of SAP BTP and AWS. It can get a bit technical, but it is a good course to learn concepts that will come in handy during solution architecture and drafting design concepts. Build Resilient Applications on SAP BTP with Amazon Web Services https://lnkd.in/dmQ97NSa #sapbtp #architecturedesign #s4hana