UPDATED 13:30 EDT / MAY 24 2016

NEWS

Business digitized: How technology can help finance move faster | #SAPPHIRENOW

Technology is a powerful ingredient to add to any recipe. As more and more industries adopt new technology into their business models, we sometimes see dramatic transformations take place. Finance is an area where speed is highly valued, so technology for automating is naturally interesting to financial services.

“What we see companies doing is trying to figure out how to accelerate the adoption of SAP and technology and process change in their organizations,” according to Michael Yadgar, principal at EY. Yadgar told John Furrier (@furrier) and Peter Burris (@plburris), cohosts of theCUBE, from the SiliconANGLE Media team, during SAP Sapphire 2016, “What that means is that they can’t customize SAP; they can’t customize software.”

He said technology has to be ready to go to work right out of the box and achieve very specific goals. In his opinion, a company like SAP, with 25 years of expertise integrated throughout its platform, can rise to the occasion.

Human-machine synergy

Jim Brett, senior director of Global Strategic Partner & Business Development Executive at SAP, who also joined in on the interview, said, “This is really a way of digitizing the services and the partnerships,” for companies like EY (Ernst & Young).

He stated that when you take world-class technology and match it with human smarts, a remarkable expansion of potential occurs.

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of SAP Sapphire 2016.

Photo by SiliconANGLE

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