Finance transformation is imperative amid ongoing business uncertainty. Organizations are navigating these complexities, particularly in choosing and deploying technologies like SAP S/4HANA Finance and SAP Central Finance. Through this research, we aim to benchmark the strategies and deployment options that SAPinsider organizations prioritize to achieve a successful SAP S/4HANA Finance implementation. By providing insights and benchmarks, we will uncover the latest trends and best practices in SAP S/4HANA Finance adoption.
SAPinsider surveyed 155 members of the broader SAP finance community between March and May of 2024 to get a better understanding of the business priorities and challenges that organizations contend with as they enable their SAP S/4HANA Finance deployments. The survey also sought to understand the goals that companies hope to achieve.
Survey respondents increasingly turn to SAP S/4HANA for Finance with Central Finance deployments to centralize financial processes and leverage advanced functionalities to facilitate business model transformation. Organizations transitioning to SAP S/4HANA for Finance and deploying Central Finance often seek to overcome complex ERP landscapes to enable enhanced planning, reporting, and insight generation.
The research identified some significant trends in the organizational priorities and challenges around deploying SAP S/4HANA for Finance, some of which are:
- The most common driver impacting how organizations approach SAP S/4HANA for Finance deployment is the demand for improved reporting, planning, and insights from finance (43 percent). This was also the top driver from 2023, even though the share of respondent organizations prioritizing this driver declined year over year.
- Companies see clean and harmonized master data as the top requirement to accommodate their goals with SAP S/4HANA Finance, as they aim to deliver improved insights and potentially leverage AI and automation technologies. More than 83% said this was either important or very important.
- Organizations are keen to use technologies that allow them to manage cash and payments in a more efficient way, with 33% using banking integration software, 29% using payment processing solutions, and 26% using cash and treasury management tools.
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