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Further Development of the Financial Forecast in the Context of the Digital Transformation Using the Example of SAP SE

In: The Digitalization of Management Accounting

Author

Listed:
  • Simone Raschig
  • Mike Schulze

Abstract

The financial forecast process at SAP was traditionally structured along a classic bottom-up principle. After the inadequacies of this process design in terms of control relevance and simulation options became clear in 2015, the process was fundamentally rethought and finally significantly developed and restructured in 2017. This article describes the transformation process and explains the combined approach used today. This consists of a centrally prepared forecast of the Group’s business development for the calendar year, which is based on standardized and statistical calculation methods, and a financial forecast for the current quarter, which is provided by decentralized units (The authors would like to thank the employees of SAP SE Christian Cramer, Thorsten Rasig, Stephanie Rieder, and Reinhild Rülfing for their helpful suggestions and technical support in preparing this article).

Suggested Citation

  • Simone Raschig & Mike Schulze, 2023. "Further Development of the Financial Forecast in the Context of the Digital Transformation Using the Example of SAP SE," Springer Books, in: Imke Keimer & Ulrich Egle (ed.), The Digitalization of Management Accounting, chapter 3, pages 21-35, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-41524-2_3
    DOI: 10.1007/978-3-658-41524-2_3
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