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Learn how Tennant Company undertook a meticulously planned migration to the new general ledger. FIN2017_Croom_Sunkavalli_Casestudylearnhowtennant Ashok Sunkavalli If you have comments about this article or publication, or would like to submit an article idea, please contact the editor. Philip Croom If you have comments about this article or publication, or would like to submit an…
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SAP ECC Classic GL to SAP S/4HANA – Direct Conversion Without Requiring a New GL Migration FirstThe new General Ledger on SAP S/4HANA or SAP ECC has certain advantages over Class GL. Examples: usage of parallel ledgers, Document splitting, Profit Center Financial statements, Segment’ reporting that is required for segment reporting according to IAS and U.S. GAAP, etc. In addition, customers can enhance the new General Ledger flexibly, that is, they can enter user-defined fields and update the relevant totals.
Building Consistent Global GL ProcessesWhen SAP first launched SAP S/4HANA, the latest iteration of its core ERP, the mantra was “Run Simple.” That marketing jargon was born out of a motivating factor for many finance professionals — to create a simplified general ledger (GL) concept, moving from many ledgers down to one for the entire business.
Regardless of whether an organization chooses to implement SAP S/4HANA via a greenfield or brownfield strategy, there are baseline preparation steps that need to be completed. Specifically, we recommend a strong focus on process consistency and data cleanup for all finance departments moving to SAP S/4HANA.
As you establish consistent GL processes, focus on infrastructure by building the foundation of your SAP S/4HANA implementation first. This will create a more structured world on the other side of the project when the system is live.
It’s normal for companies to worry about how long an implementation of SAP S/4HANA will take — stakeholders will be eager to see a return on investment. It often “takes longer than you think,” but the reality of the timeline is usually predicated on the amount of data cleanup that is required before the implementation.
Read this article and learn the baseline preparation steps for building global GL processes that bring the most value in the world of SAP S/4HANA.
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Zuora Becomes Build Partner in SAP’s PartnerEdge ProgramZuora has joined the SAP PartnerEdge program as a Build Partner, offering a certified Zuora Connector for SAP solutions that streamlines financial accounting integration with SAP systems, enhancing operational efficiency and supporting companies in their cloud adoption and order-to-cash processes.
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