It’s no secret that more and more organizations are turning to solutions that can provide benefits of real time data to become more personalized and customer-centric, as well as make better business decisions.

The evolving market landscape is driving an urgent need for a unified EPM solution, as finance teams face increasing pressures from several fronts. Rapid technological advancements, heightened competition, and the growing complexity of global markets have made financial agility and real-time decision-making critical to maintaining a competitive edge.

Oracle-driven finance teams today face increasingly complex challenges. In recent years, the finance function has had to adapt to become more flexible as they navigate market upheaval, global inflation, and rapid changes to technology. This year, an Oracle survey of CFOs reveals CFO’s top challenges include navigating the need to cut costs, retaining talent within the finance function, and focusing on more accurate forecasting.

Finance professionals often stick to proven methods, understanding that disrupting established systems can jeopardize time-sensitive financial processes. However, with the blinding pace of technological change, it becomes nearly impossible to keep up even with the advantages of advanced ERP systems like SAP ECC and S/4 HANA. For organizations entrenched in legacy SAP systems, stalled financial transformation can be a major roadblock to success.

For many Microsoft Dynamics NAV users, migrating to Dynamics 365 Business Central (BC) is a daunting prospect. It’s often perceived as a time-consuming and expensive process that disrupts day-to-day operations. However, delaying the migration is no longer an option. Microsoft discontinued development of NAV in 2018, and mainstream support ended in 2023. Extended support is limited, and without a timely upgrade, you risk losing functionality and performance.

Future-proofing your analytics tech stack is essential for ensuring the longevity and success of your software applications. As the final stage of the data journey, analytics transforms raw data into actionable insights that directly impact business decisions and customer satisfaction. To effectively fulfill this role, analytics systems must possess a high degree of flexibility and scalability, seamlessly integrating with diverse applications and data sources.

Financial planning and analysis (FP&A) is recognized as an essential tool for driving business success. At a time when agility has taken center stage, though, FP&A is giving way to the new discipline of extended planning and analysis (xP&A). Why? Because in an increasingly digital landscape where agility is paramount, actionable real-time feedback is essential.

Over the past two decades, and even more so because of the pandemic, CFOs have become one of business’ most prized assets. While financial reporting and compliance are still key responsibilities of the role, more and more businesses are now leaning on a CFO’s management expertise to help inform strategic decisions. Many CFOs spend their time dealing with the business-as-usual finance tasks and putting out fires.

Since generative AI exploded onto the global market, organizations have flocked to adopt it. SAP is no exception–late last year, the ERP launched its embedded AI copilot, Joule. In addition, SAP has invested in other AI companies, hired a chief artificial intelligence officer, and added generative AI features to its products. In order to spur cloud adoption, many of SAP’s premium AI features will only be available to RISE with SAP and GROW with SAP customers.

Thriving in today’s architecture and engineering space means balancing costs, careful project management, and leveraging data for maximum efficiency. Even as the economic tides continue to shift, architecture and engineering firms must confidently take the wheel to navigate the changes that rock the industry.