- SAP Central Finance
SAP S/4HANA and Central Finance Migration
SAP S/4HANA represents the future direction for SAP’s ERP strategy. These sessions will help you understand the potential value and impact of SAP S/4HANA on core financial processes. Gain strategies and insights to help you evaluate this transition and prepare for the move. Follow examples of companies will share lessons learned and how they are transforming their finance strategy. Weigh the option of SAP Central Finance as both a short- and long-term solution for process efficiency and simplicity.
Benefits of moving to SAP S/4HANA Finance – David Ormerod
Although SAP S/4HANA has been available for over five years and been deployed at thousands of customer sites, not everyone is aware of all the potential benefits that it brings to finance departments that are currently using SAP ECC. There is much to learn and many questions to be answered. Attend this session for an easy-to-understand primer covering everything finance needs to know to make the transition.
Tips and tricks to ease SAP S/4HANA Finance migration challenges– Mitresh Kundalia
Your SAP S/4HANA Finance budget is approved, but are you ready to start your SAP S/4HANA Finance project? Are your existing processes consistent for you to successfully migrate? Understand the key data objects (such as customers/vendors, consistent items and balances, consistent FICO setup and more) that you need for clean and safe transition.
Finance transformation with SAP S/4HANA and Central Finance – Paul Ovigele
Finance transformation is increasingly being adopted by companies around the world, to transition the finance function from being a back-office supporting role to a proactive one, helping to produce timely insights and on-the-fly reporting to help with real-time decision making, which is facilitated through the adoption of an intelligent system. SAP S/4HANA is an example of an intelligent system, in that it enables companies to capture every opportunity in today’s digital world, by removing common obstacles associated with legacy ERP applications, such as batch latency, complex landscapes, and manually driven processes.
SAP Central Finance: Decision points – Carsten Hilker
SAP Central Finance represents a key option in your path SAP S/4HANA. This session offers a clear explanation of what SAP Central Finance is and when and how it should be considered as part of your overall migration to SAP S/4HANA. Learn about the key intelligent enterprise capabilities of the digital core for reporting, central process execution, shared services, and finance transformation with Central Finance. Walk through the why, how, what, and when of Central Finance and plot your course toward transformation.
Finance Keynote: 2021 Customer Journeys in Finance and Accounting: An executive perspective – Martin Naraschewski
2021 marks a year of recovery and optimism. Understand how finance teams are gearing up for the coming year and how they are tackling challenges and making the most out of key opportunities. In this session we will discuss the latest trends related to Finance journeys to SAP S/4HANA, the cloud, the digitization of tax, and the use of automation to optimize core finance and accounting processes. You will also hear from SAP executive Martin Naraschewski about how SAP’s solution roadmap and strategy is evolving to support the office of the CFO in 2021 and how finance leaders are managing change and embracing innovation.
Finance departments today face increasing demands to deliver real-time reporting and analysis from a broader array of sources on top of fulfilling their historical responsibilities. Whether this involves integrating data from multiple systems into one centralized platform in order to conduct that reporting, or streamlining operations to free up resources to perform these new tasks, finance departments are being pressed to refocus priorities and look at solutions like SAP S/4HANA Finance to provide the tools they need.
SAP customers that are moving to or considering a move to the Central Finance deployment option of SAP S/4HANA will be faced with a certain level of complexity that they may or may not be expecting. For those looking for answers, tips for how to approach the implementation, and details on lessons learned, SAPinsider presents insights from an expert in the field who shares a tried-and-test approach to success.
A former accountant himself, Paul Ovigele, SAP Consultant and Founder and CEO of ERPfixers, understands this group’s mindset. “You can’t just hand an accountant a shiny new thing like SAP S/4HANA Finance and expect them to get excited. They want to get to the bottom of exactly what the benefits are and whether the benefits out weight the cost—that’s how financial people think. They want something they can measure against.”