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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EMEA Organizations Accelerating SAP S/4HANA Finance Implementations
Between February and April 2022, SAPinsider surveyed over 145 members of our global community about their finance and accounting (F&A) innovation strategies, including how organizations evaluated or invested in a potential move to SAP S/4HANA Finance. The full findings of that research were published in our SAPinsider SAP S/4HANA Finance and Central Finance: State of…...… -
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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…
