S/4HANA for Finance

Webinar: SAP S/4HANA Finance and Central Finance State of the Market 2023 – Benchmark Research Report

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Key Takeaways

⇨ Many finance leaders, along with their downstream teams, lack the robust tools to effectively support executive decision-making in this complex operating environment.

⇨ Nearly half of organizations deploying SAP S/4HANA for Finance with Central Finance identified business model transformation to support digital innovation as their primary goal.

⇨ A finance-first digital transformation enabled by SAP S/4HANA for Finance with Central Finance deployment is integral to developing an agile approach to improve reporting, planning, and insights from finance.

Finance transformation is imperative in the modern digital economy as organizations strive for greater resilience and performance. SAP S/4HANA Finance with full deployment is designed to offer business leaders real-time insights into financials and operations while reducing complexity across their financial system landscape. To maximize ROI in SAP S/4HANA for Finance, continued awareness of technological advancements and industry trends is vital so organizations can make proactive decisions. SAPinsider surveyed 155 finance community members between December 2022 and February 2023 to better understand the business priorities organizations enable with SAP S/4HANA for Finance with full deployment and the goals they aim to achieve when deploying with Central Finance.

The research identified some significant trends in the organizational priorities and challenges around deploying SAP S/4HANA for Finance, including:

  • SAPinsiders are more likely to start with a greenfield (44 percent) approach to deploying SAP S/4HANA for Finance, versus a brownfield (38 percent) approach. Also, 43 percent of respondent organizations are implementing or have already implemented SAP S/4HANA for Finance.
  • Over 60 percent of survey respondents said they would use SAP Central Finance for their SAP S/4HANA deployment strategy. This represents a 9-point increase from last year’s study. Conversations with SAP experts suggest the business case for SAP Central Finance is maturing, providing context for this continued trend.
  • 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 (38 percent). This was also the top driver from 2022, even though the share of respondent organizations prioritizing this driver declined year over year.
  • Over a third of respondent organizations said they plan to address core drivers by increasing real-time visibility into finance and operations (39 percent) and simplifying their financial system landscapes (39 percent).

Watch webinar to learn more about the results of our research, and get expert insights and best practices from your peers.

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