The Business Transformation and Enterprise Architecture Framework: The Financial Engineering Global Strategy

The Business Transformation and Enterprise Architecture Framework: The Financial Engineering Global Strategy

Antoine Trad (IBISTM, France) and Damir Kalpić (University of Zagreb, Croatia)
Copyright: © 2018 |Pages: 22
DOI: 10.4018/978-1-5225-4026-7.ch001

Abstract

Business transformation projects and enterprise architecture projects for enterprises' business and their financial strategic planning process are essential to prepare the enterprise to integrate the local and the global economies in a sustainable and iterative way. The needed strategy for the integration of financial-engineering-related risk and legal controls is fundamental for its long-term vision and business longevity. Probably because of the ongoing financial uncertainty, these finance-related risks and legal standards are not mature and are even chaotic, so these facts can damage the business transformation project or an enterprise architecture project, and they may disable the traditional business environments to be a part and to compete with the networked global economy.
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Background

The Business Transformation Manager’s (BTM) role is of crucial importance for the implementation phase of the complex Business Transformation Projects (BTP) and also enterprise architecture projects; where the BTM or enterprise architect’s decisions can be made in a just-in-time manner by using outputs from the business environment’s existing tracing, monitoring and logging systems; to assess risk and legally assert, govern or control the BTP’s various resources and components. Unfortunately, a huge set of automated factors can influence such an undertaking, like: 1) the influence of accounting in business transformation projects; and 2) the holistic financial (e)law control mechanisms for such projects are non-existent and are complex to implement.

Figure 1.

The finance mechanisms interaction with business transformation project’s framework

978-1-5225-4026-7.ch001.f01

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