Losing Traditions

In the face of global competition, the business world needs to adapt new technologies and forgo past financial traditions. Following Derek Klobucher (Moderator of SAP Business Trends)'s article, most software were designed in the 70s, and 80s so they are slowly losing relevance in the modern era as the technology landscape is vastly changing. The way forward is adapting the next generation business platform. SAP is working on solutions to integrate instant real time insight, offer updated user interface and user experience which saves on transaction times by 30 to 40 percent, and be non-disruptive. Month end closing is a traditional; however modern times dictate fast, accurate and secure data analytics. To know more http://www.news-sap.com/how-real-time-analytics-will-kill-a-financial-tradition-sapinsider-2015/