ERP Migrations: A Unicorn Opportunity for Corporate Treasury
SAP announced that it would no longer support Business Suite beginning 2025.
This means any companies running the SAP ERP past this deadline would be subjecting their data and infrastructure to high risk. Aiming to keep clients in-house, SAP is encouraging migrations to S/4HANA, its private cloud offering. Customers overwhelmingly pushed back on the 2025 deadline, given the massive scale of these migrations, and the deadline was thus extended to 2027, giving companies more time to explore other ERPs and most are moving to the cloud for the first time. The elongated runway is a gift to Corporate Treasury - it provides the opportunity to get involved in these conversations to setup a payment factory as part of the ERP migration project. Payment factories hugely streamline the payments process – not only maximizing efficiency but also improving controls around payment approvals and fraud prevention.
The goal of a session on this topic would be twofold:
1) To educate the audience on the value of payment factories; and
2) To explain the rare opportunity Treasury has to implement one as part of a broad, well-funded project (especially since Treasury is perpetually under-funded).
Kirsten Lemke, Payments Specialist
Kirsten has more than 30 years of experience in enterprise payment software and connectivity working for organizations such as Deluxe, Trintech, Bottomline and FIS. She joined Kyriba in 2019 and works with clients and prospects to implement best practices for bank connectivity and payment initiatives. Kirsten has a degree in Marketing from University of Minnesota -Carlson School of Management and an MBA from the University of St. Thomas.
Rob Wiens, Payments Specialist
In his role as Payments Specialist at Kyriba, Rob works with new and existing clients on designing a modern approach to payments, fraud detection, and bank connectivity. Prior to joining Kyriba, he worked with IT, Finance, and Treasury teams on Payments, Bank Connectivity and ERP initiatives at Oracle and TIS.
© 2016 Association for Financial Professionals of San Diego