SAP Central Finance
What is SAP Central Finance?
SAP Central Finance offers a comprehensive and unified solution for SAP customers looking to consolidate their SAP landscapes. Organizations can leverage SAP Central Finance as a deployment option that helps finance and accounting teams transition to the SAP S/4HANA Finance system without impacting the current system landscape. SAP customers using SAP Central Finance can integrate the local system landscape into one common data model that allows for a single version of the truth across all company entities, which can be used for consolidation reporting and analysis. This way, organizations can implement uniform financial reporting without changing or adapting their existing systems and processes. Data replication from a source system to SAP Central Finance requires a SAP Landscape Transformation Replication Server.
What is SAP Central Finance?
SAP Central Finance offers a comprehensive and unified solution for SAP customers looking to consolidate their SAP landscapes. Organizations can leverage SAP Central Finance as a deployment option that helps finance and accounting teams transition to the SAP S/4HANA Finance system without impacting the current system landscape. SAP customers using SAP Central Finance can integrate the local system landscape into one common data model that allows for a single version of the truth across all company entities, which can be used for consolidation reporting and analysis. This way, organizations can implement uniform financial reporting without changing or adapting their existing systems and processes. Data replication from a source system to SAP Central Finance requires a SAP Landscape Transformation Replication Server.
Key capabilities include:
- Consolidated reporting and analysis across all company entities
- Ability to centrally manage your SAP landscape, including system maintenance, patching and upgrade
- Integration with SAP and non-SAP systems
- Accelerated finance-focused deployment and configuration
Key Considerations for SAPinsiders
Carefully evaluate decision points that will impact finance transformation initiatives during migration to SAP S/4HANA Cloud. The SAP Central Finance implementation of SAP S/4HANA is a key component in the digital transformation strategy for many enterprises. Its scope ranges from single to multiple entities, making it a versatile tool for enterprise organizations. In addition, SAP S/4HANA offers a digital core that helps to enable the intelligent enterprise. At the heart of this digital core is SAP Central Finance, a key component that can help organizations achieve finance transformation.
Develop a comprehensive project plan for SAP Central Finance to ensure a successful transition to SAP S/4HANA Finance. As organizations migrate to SAP S/4HANA, decision makers must evaluate the needs of the organizationand the resources that finance teams and IT will require to enable financial transformation. Organizations may want to consider hiring additional staff or partnering with technical consultants or SAP experts. In the case of SAP Central Finance, a deployment option for SAP S/4HANA Finance, organizations will require technical resources and expertise to support the system properly.
Explore enhanced functionality of a modern financial system powered by an intelligent enterprise platform. While transitioning to SAP S/4HANA Finance may require some effort, it is certainly possible, and many companies are already benefiting from the improved functionality and efficiency. SAP Central Finance is a method to bring financial data from multiple ERP systems into one single system of record. With SAP Central Finance in place, organizations can enjoy greater visibility and control over their financial data, streamlined processes, and reduced costs.
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SAP Central Finance: Decision Points by SAP
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… -
Enable the Boring Go-Live: The CIO’s Dream for M&A
Mergers, acquisitions, and divestitures are just as much of an undertaking for a CIO as they are for a CFO; they are impactful on both the business and technology side. So you need a digital transformation solution and approach that addresses both. Determining which SAP systems and data sets to migrate, integrate, or carve-out as… -
Enable the Boring Go-Live: The CIO’s Dream for M&A
Mergers, acquisitions, and divestitures are just as much of an undertaking for a CIO as they are for a CFO; they are impactful on both the business and technology side. So you need a digital transformation solution and approach that addresses both. Determining which SAP systems and data sets to migrate, integrate, or carve-out as… -
Trends in SAP S/4HANA Finance and Central Finance
Many companies are battling complexity in an effort to provide visibility and insights to their business, finds the latest SAPinsider Research on SAP S/4HANA Finance and Central Finance. And According to Bas Kamphuis, Chief Growth Officer, at Magnitude, many of their clients are leveraging Central Finance to start to give their companies some simplicity in…...… -
Video Q&A with Roy Duffin, Managing Director, Accenture
By Rizal Ahmed, Chief Research Officer, and Ogo Nwanyanwu, Research Director, Financial Management & Technology All over the world, the COVID-19 pandemic remains a catalyst for persistent operational dislocation, meaning the threat of economic disruption is still just around the corner. For organizations managing complex supply chains and engaging in multi-channel sales across borders, the current…...… -
Simplifying Digital Transformations
By Ogo Nwanyanwu, Research Director, Finance & Financial Automation Potential “Analysis Paralysis” Slowing Digital Transformation Strategy Many organizations still operate elaborate technology landscapes built on legacy systems supported by outdated deployment strategies. Concurrently, both finance and IT professionals, want to avoid lengthy innovation roadmaps, prior to realizing ROI on technology investments. Decision-makers at these organizations,…...… -
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Successfully Manage Data Integration Challenges within SAP S/4HANA Central Finance
When considering a move to SAP S/4HANA Central Finance, does your plan fully address how to integrate your existing non-SAP source system data and master data into your Central Finance implementation? Discover how adding SAP Solution Extensions by Magnitude for SAP S/4HANA can facilitate and accelerate data integration for your move to Central Finance. This… -
SAPinsiders Shift Focus
Activity and interest in SAP S/4HANA are accelerating as companies reinvigorate their investments in SAP and overall technology. This conclusion continues to be reenforced across all of SAPinsider’s 2021 research. Our findings show that actual implementations are increasing over the past year. Companies are now leaving the evaluation phase and beginning their projects. This year’s… -
Enabling SAP S/4HANA Central Finance and Group Reporting
Perrigo is a global, leading provider of over-the-counter (OTC) self-care products across various OTC categories. Headquartered in Ireland, Perrigo’s international presence has grown dramatically over the years, accelerated particularly in the last decade or so by acquisitions that enhanced its product portfolio and geographic reach. Layering in additional tools and technologies from each new acquisition… -
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A Roadmap for Your Financial Transformation Journey Leveraging SAP Solutions
According to Gartner, finance teams are constantly asked to do more with less. As a result, 85% of finance teams are currently undergoing or planning a finance transformation. However, 70% of finance transformation initiatives fail to deliver the forecast benefits to the business. Join this session to review all the elements of a successful roadmap… -
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A Primer on the Central Finance Deployment Option: Discover Key Intelligent Enterprise Capabilities
If you are interested in learning what is involved with the Central Finance deployment option for SAP S/4HANA, this session is for you. 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… -
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Keynote | 2021 Finance Priorities: Driving onward and upward in the wake of disruption
Over a year into the economic disruption caused by COVID-19, most organizations are ready to move on, apply the lessons learned from the past, and reinvigorate their innovation agendas and strategy. While many have had to reset and reprioritize, most finance leaders are now reinvesting in their business and technology portfolios and are ready to… -
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Enabling SAP S/4HANA Central Finance and Group Reporting at Perrigo
The audience will learn about Perrigo's SAP S/4HANA Central Finance implementation journey, Attend this session to learn: - Why they are doing it - Why it is different than others - What was established and decided during the preparation on scope, roadmap and tool - Implementation experience and lessons learned till date This content is… -
Premium
SAP Central Finance: Decision points
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… -
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SAP Central Finance Panel Discussion
SAP Central Finance represents an important deployment option for SAP S/4HANA in large enterprises, for multi-ERP customers with heterogenous system landscapes, and now also more and more single system instances. Who better listen to than actual customers having been there, having done it? Join this interactive panel session and learn from real-world customers about their… -
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SAP S/4HANA Finance and Central Finance: State of the Market 2021 Benchmark Report
In This Report: Finance and accounting teams are prioritizing visibility, simplicity, and automation as they solidify their strategies and investments for 2021. While system complexity and data siloes have stifled efficiency and the ability to derive insights for many years, business and IT leaders realize that they can no longer operate competitively and efficiently within…...… -
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A detailed primer on Central Finance
SAP Central Finance is the key deployment option for S/4HANA in large enterprises, for multi-ERP customers with heterogenous system landscapes, and now also more and more single system instances. Join this session to get a primer (if you are new to SAP Central Finance, or join to get a refresher or are looking for some… -
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Finance transformation with SAP S/4HANA and Central Finance
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… -
The Evolution of Central Finance: Strategies to Drive Transformation and Simplicity
Many organizations who run SAP start their digital transformation with a complex landscape. Central Finance represents an important option when considering your SAP S/4HANA path forward. Learn how SAP customers are using Central finance as a starting point within their transformation to accelerate key benefits such as financial visibility and transparency. This session will share… -
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A Primer on the Central Finance Deployment Option: Discover Key Intelligent Enterprise Capabilities
If you are interested in learning what’s involved with the Central Finance deployment option for SAP S/4HANA, this session is for you. 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… -
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Preparing Third-Party Applications for Interface into SAP S/4HANA for Central Finance
Are you considering a move to SAP S/4HANA for Central Finance? Does your plan fully address how to integrate your existing non-SAP source system data into your Central Finance implementation? Discover how adding SAP Central Finance Transaction Replication Application by Magnitude for SAP S/4HANA can facilitate and accelerate data integration for your move to Central… -
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… -
Preparing for Central Finance
By Rizal Ahmed, Chief Content Officer, SAPinsider Customers are looking to simplify, integrate, and consolidate financial processes, and Central Finance is becoming a popular strategy for achieving that goal. But are you prepared for the integration implications? SAPinsiders Consider Central Finance over the Short and Long Term SAP Central Finance presents organizations with an opportunity… -
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Central Finance and Improving the Financial Close Benchmark Report
Financial close management increases in complexity as organizations increase in size along with the number and variety of ERP instances. To centralize or consolidate the financial information from multiple ERP instances, SAPinsider community members can manually report and reconcile the information, centralize information on a non-SAP system, deploy SAP S/4HANA for central finance foundation (also…...… -
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BlackLine & Central Finance: A sweet success for The Hershey Company
The Hershey Company initiated a finance transformation effort to enable its strategic initiatives. The project centered on moving to SAP S/4HANA Central Finance (cFIN), but a need was identified for additional solutions to address manual processes. Early on, Hershey implemented SAP Account Substantiation and Automation by BlackLine to bring visibility, standardization, and control to its… -
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Best practices for master data mapping in Central Finance
Master Data Governance and mapping are critical to any Central Finance project. In this session we will walk you through the MDG Foundation mapping in Central Finance and show you firsthand how it can be leveraged to redesign and harmonize your master data in S/4HANA. Attend this session to: •Discuss Key, Value, and Cost Object… -
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How to Achieve Success in your SAP Central Finance Deployment Using Master Data & Harmonization
Delivering value quickly in an SAP S/4HANA Central Finance deployment requires a practical focus on master data. The scope of Central Finance functionality dictates what master data is needed, and the resulting effort and time spent on configurations, master data definitions and mappings can significantly impact project complexity, duration and success. By leveraging automation and… -
S/4HANA & CFIN Phase 0 Assessment: Reduce Risks and Improve Project Outcomes
With our Phase 0 Assessment, you can mitigate risks such as negative impacts on financial performance, damage to brand, loss of customers, goodwill and talent. Find other insightful content from Protiviti on their Vendor Showcase -
SAP Central Finance
For companies looking to reimagine their business models for greater operating efficiency, better customer service, and improved financial performance, unifying their enterprise finance model can be a game changer. SAP S/4HANA innovations such as SAP Central Finance make this possible, according to two SAP advisors. In this thorough breakdown, which explains other innovations within SAP… -
Video: How to Address Third Party Data Requirements in SAP Central Finance
Examine the complexities of building a solution for Central Finance and access expert advice for enabling agile, intelligent finance operations. Find other insightful content from Magnitude on their Vendor Showcase. -
White Paper: Data Integration Considerations for SAP S/4HANA Central Finance
Dive deeper into the key requirements, challenges, and opportunities surrounding the journey to SAP S/4HANA Central Finance. Find other insightful content from Magnitude on their Vendor Showcase. -
Learn the Keys to a Successful Central Finance Deployment of SAP S/4HANA
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 SAP customers looking for answers or tips for how to approach Central Finance implementations, Tony Rogan, Senior Manager… -
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Financials: Case study: How sweet it is — The Hershey Company’s Central Finance journey
Learn how The Hershey Company planned for and structured its deployment of SAP S/4HANA Central Finance. here John M. Zimmerman If you have comments about this article or publication, or would like to submit an article idea, please contact the editor. Laura Lutz If you have comments about this article or publication, or would like…...… -
Improve the Auditability of Your SAP S/4HANA for Central Finance Foundation Solution
Audio pioneer Dolby Laboratories, which has been delivering audiophiles a superior sound and sight experience since the 1970s, decided in 2016 that it wanted an equally stringent level of quality assurance for its business process testing. The business sought a risk-based automated testing solution to reduce or eliminate regression test coverage gaps and lengthy testing… -
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Decoding the Cost Object Mapping Framework in SAP Central Finance
Learn about the concept, purpose, configuration, and execution of the cost object mapping framework in SAP Central Finance. Key Concept SAP Central Finance in SAP S/4HANA offers a new configuration for the cost object mapping framework, which is mainly used for short-living cost objects such as an internal order, a production order, or a service…...… -
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A Holistic Approach to Implementing Central Finance
Learn tips to help you prepare for a Central Finance implementation project. Central Finance is aimed at reducing the cost of adoption of SAP S/4HANA Finance for organizations having heterogeneous landscapes (multiple SAP ERP or non-SAP systems). With Central Finance, these organizations no longer have to upgrade all the systems to have SAP S/4HANA Finance…....… -
Live from SAPinsider Studio: Carsten Hilker on Universal Journal
Carsten Hilker, SAP, Finance Solution Management, joins SAPinsider Studio at the 2016 FIN-GRC event to discuss SAP S/4HANA and the Universal Journal. This is an edited version of the transcript: Ken Murphy, SAPinsider: Hi this is Ken Murphy with SAPinsider. I am at the SAPinsider Financials 2016 in Las Vegas. Today I’m pleased to be…...… -
A Fast Path to Innovation and Simplification with Central Finance
The aim of SAP S/4HANA Finance is to provide finance organizations the ability to completely reimagine business processes for the digital age. This article explores Central Finance, an accelerated, non-disruptive SAP S/4HANA Finance deployment option that replicates financial transactions from SAP and non-SAP ERP source systems onto a Central Finance instance that runs on SAP…
