This document discusses managing changes to an organization's finance function through the implementation of SAP software. Key changes include new IFRS standards, GST taxation reforms, and increased regulatory compliance. SAP offers various applications that can help address these changes, such as modules for financial reporting, tax management, analytics, and performance management. The document proposes a change management model to maximize benefits and control costs when implementing SAP, with constraints on budgets for training, organizational changes, and time required for new financial processes.

1. Applied Management Research Project Managing the changing environment of finance function in organization: SAP as an enabler Student: Devdut Saha Roll: 09BM8083 MBA 2 nd Year Vinod Gupta School of Management, IIT Kharagpur

5. International Financial and Reporting Standards (IFRS) April 2014 All listed companies with a net-worth of Rs 500 crore or less April 2013 Banks and non-banking finance companies April 2013 All companies with a net-worth between Rs 500-1000 crore April 2011 Companies with net-worth of Rs 1000 crore and those which are part of BSE, NIFTY and listed in overseas exchanges Target Date Companies

9. FSCM, FI-CA, T&E mgmt, ERP (new GL), VIM Process financial transactions efficiently and effectively Transaction processing BI, BW, XBRL, SEM: SRM Capture, summarize, analyze & report financial results and related disclosures to management and external stakeholders Close, consolidate & report EPM, SEM: CPM,BPS, ERP (CO-PA) Define and monitor enterprise performance metrics, Deliver information needed to make after-tax business decisions Performance & decisions GRC, FSCM, Treasury, ERP financials (collections, credit mgmt, AR, AP, invoice mgmt, cash-bank mgmt) Identify and manage enterprise risks, Ensure access to capital, Optimize capital structure Risk & Capital GRC, BI, ERP financials, SEM:BPC, XBRL Monitor regulation and ensure compliance, Operate and monitor internal controls over financial reporting, Rationalize and manage required governance bodies Regulation and governance SEM: BPS,CPM, BCS, ERP financials (CO-PA) Influence corporate strategy through financial insight, Encourage enterprise-wide adoption of Strategy, Execute Finance strategy Strategy and execution SAP Solution Sub-Activities Activity

10. Sector Analysis - Manufacturing GRC, FSCM, Treasury, ERP financials (collections, credit mgmt, AR, AP, invoice mgmt, cash-bank mgmt), SEM:CPM, EPM Managing and controlling financial risks BI, BW, SEM:BCS Mergers and acquisitions CO-PA, BI, BW, XBRL, SEM: CPM Profitability Analysis There is more than one package that can handle the same challenge. The choice of the package depends on the type of industry, organization and the objective to achieve. SEM:BCS, SEM:BIC, BW Reaping benefits of globalization Remarks SAP Package Challenge

11. Sector Analysis - Retail SEM:BPS, CPM Forecasting (sales, profit etc) SEM:BCS, BIC, BI, BW, XBRL, EPM Financial consolidation CO-PA, BI, BW, XBRL, SEM: CPM Profitability analysis There is more than one package that can handle the same challenge. The choice of the package depends on the type of industry, organization and the objective to achieve. BI, BW, SEM:BCS Mergers and acquisitions Remarks SAP Package Challenge

12. Change Management Plan