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.

41 results

  1. 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…
  2. 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…
  3. 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…
  4. SAP S/4HANA Finance and Central Finance: State of the Market 2021 Benchmark Report

    Reading time: 1 mins

    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…...…
  5. 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…
  6. 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…
  7. The Evolution of Central Finance: Strategies to Drive Transformation and Simplicity

    February 01, 2021

    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…
  8. 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…
  9. SAP S/4HANA and Central Finance Migration

    Reading time: 3 mins

    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…
  10. preparing for central finance image

    Preparing for Central Finance

    Reading time: 5 mins

    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…