Digitalization & Transformation

Innovative information technologies, ever-shorter product life cycles and volatile market requirements are rapidly changing and accelerating the business world. Speed and the ability to forecast the future are becoming increasingly important factors for achieving success. The creation of data value – i.e. the

Success factor data value creation

ability to extract control-relevant data, make it available and transparent and evaluate it quickly – is becoming a decisive competitive factor. CAMELOT supports you in the definition and implementation of your individual digital transformation strategy, helping you to realize corporate management that is more flexible, faster and

Custom-made digital transformation strategy

more efficient. An optimal digital transformation combines the transformation of planning, reporting and ERP systems with the transformation of business processes and organizational structures. CAMELOT offers you consistent support with all relevant aspects of a digital transformation.

   Controlling Transformation

In the age of digitalization, it is crucial for the long-term success of a company to identify new and disruptive technologies, trends and risks for existing business models at an early stage, in order to be able to quickly adapt to constantly changing market conditions and realign to these. The ability to secure and increase future profitability and growth depends on a successful digital transformation of the entire organization, in particular of the controlling department tasked with improving corporate management.

The CAMELOT maturity model

With its maturity model for controlling transformation, CAMELOT offers a structured approach for the further development of the organization of finance and controlling. This integrated approach ensures that the consequences of digitalization and the associated action areas are sustainably realized and captured in all of the necessary dimensions.

The CORPIS approach

CAMELOT’s CORPIS approach (culture, organization, roles, processes, information, system landscape) enables a structured approach to the digital transformation. As a first step, these dimensions or fields of action help to reduce complexity while still capturing the intricacies of the transformation in their entirety.

Taking account of the chronological and thematic interdependency between and within the areas of action, the transparency created in this way forms the basis for an initial milestone plan. The definition of rough project initiatives and work packages creates an optimal starting point for a successful transformation project.

Your benefits
  • Determination of the current status quo using the maturity model on the basis of an individual strengths/weaknesses analysis at the beginning of the transformation.
  • Development of your individual roadmap with concrete options for action and your company-specific mission, including best practices.
  • As an implementation partner, CAMELOT accompanies and controls the realization of the selected positions for action, taking into account both process-related and organizational conditions.
  • Following completion of the transformation, the finance department/controlling organization is reassigned to the maturity model in order to initiate continuous improvement and further development.
“You have to pray for miracles, for changes you have to work.”
Thomas von Aquin, 1225-1274

Controlling concepts for digital ERP solutions

Digitalization requires a reorientation of the finance and controlling organization: in an
increasingly volatile market environment, where established business models risk being replaced by disruptive innovations, the company must be capable of being managed in a targeted manner within the shortest possible time. Digital innovations in the ERP environment enable an increase in performance in the processing of mass data and significantly more efficient control through uniform data structures in external and internal accounting. A multitude of information can then be evaluated in parallel and almost in real time, and process sequences can be optimized or even automated. In order to realize this potential, targeted cost and performance accounting is required along the entire value chain.

Your benefits
  • Identification of potentials through state-of-the-art ERP solutions to improve corporate management along the entire controlling performance loop.
  • Analysis of the main value levers and cost drivers of the business models, taking into account the medium- and long-term corporate objectives.
  • Definition of control variables at strategic, tactical and operational company levels.
  • Analysis and specification of all business processes, determination of quantity and value flows within the cost accounting system along cost center and cost unit accounting, transfer to internal profitability analysis.
  • Concept documentation as the basis for the technical implementation of the IT concept.
“I believe in the horse. The automobile is only a temporary phenomenon.”
Kaiser Wilhelm II., 1859-1941

  Innovative Dashboarding Concepts

Modern ERP systems not only influence the way financial transactional data is stored and how finance and controlling are harmonized in the system, they also fundamentally change analytical capabilities.

The integration of transactional source systems and data warehouses enables real-time insight into business transactions and their impact on results-relevant key figures. Changes and developments are immediately visible.

 

 

Your benefits
  • Definition and conception of a future- and measure-oriented reporting using quantitative and qualitative analyses.
  • Development of a reporting strategy.
  • Identify potential through innovative reporting concepts and make efficient use of the advantages of real-time data availability.
  • Identification of suitable innovative reporting solutions under consideration of the reporting strategy.
  • Gain a new conception of the future reporting landscape.
  • Real-time availability of transactional data and potential integration of external data (big data).
  • Real-time support of potential analyses using simulation techniques.
  • Simplified preparation of decision meetings and efficient decision making enabled by interactive analyses.
  • Support in the selection and implementation of suitable IT solutions.
“We are drowning in information, but starved for knowledge.”
John Naisbit, geb. 1929

   Predictive & Prescriptive Analytics

Future trends, developments and the effects of digitalization on companies can be assessed using simulation and forecast models to enable the correct decisions to be made and appropriate actions to be implemented. Future- and measure-oriented management requires that both internal and external data be taken into account. The interplay between concept and technical implications on ERP, integrated planning and forecast and reporting solutions allows for a successful digital transformation and an increase in the value contributed by the departments responsible for controlling.

 

 

Your benefits
  • Definition of the relevant value and cost drivers incorporating the forecast model.
  • Identification of external structured and unstructured data to improve forecast accuracy.
  • Real-time support of potential analyses using simulation techniques.
  • Simplified preparation of decision meetings and efficient decision making enabled by interactive analyses.
  • Support in the selection and implementation of suitable IT solutions.
“Whoever sees the future as a headwind is going in the wrong direction.”
Martin Held, 1908-1992