ĬFO and Finance department spends most of their time in data reconciliation, data corrections and producing manual reports and are unable to play a major role in the business enablement. S/4 HANA equip s companies to meet SAP’s vision for a digital, integrated, flexible, scalable architecture wit h provision of viewing and analyzing real time data for analysis, predictive capabilities and also allow everyone in the value chain to use the latest AI/ML techniques and features. Due to this reason, many companies may have not attempted full scale migration, and/or living with the multiple source data an d not optimizing their enterprise performance.īut the question that needs to be asked is whether moving to SAP S/4 HANA is the final destination. This is highly complex, time and cost consuming and will require major change management. The ideal solution is to upgrade all the business units into S/4 HANA digital stack and d ecommission all the old legacy systems. Very difficult to trust the data as each business unit is particular about saying that their data is accurate when questioned. With multiplicity of systems and multiple master da ta files, it is not easy for the enterprise to optimize as single source of truth is completely missing. Mergers & Acquisitions are never easy, and along with the various other complexities it brings in, the integration of IT systems gets l ess prioritized over other aspects.Ī large chunk of the 437,000+ customers across 180 countries are still are in legacy version SAP ECC. Warren Buffett once famously quoted on M&A’s by sa ying,” Wall Street is the only place that people ride in a Rollys Royce to take advice from those that take a subway,”. We live in a world where most of the Fortune 500 companies are into some form of Mergers & Acquisitions to strengthen and broaden their business. SAP S/4 HANA gives you access to new innovations such as embedded real – time analytics, the latest user experience across all devices with SAP F IORI, as well as faster response times and a better performance. Movin g to a new software solution should offer business value or it will be difficult to justify. The migration to S/4 HANA can be tough, as plenty of customers using SAP worldwide have customized codes, tables etc. The need for SAP is to enable their customers to smoothly migrate into their latest offering S/4 HANA and remove all the redundancy and issues existing in systems that have been running for decades now. SAP in its current state is using SAP ECC 7.3 which is their legacy system with the landscape and features being old fashioned and redundant in times of super cool design features and attractive UI’s that other such ERP providers like Oracle or SFDC provide. Every business proc ess that is unified or structured for use by various units or divisions of a company would definitely find the use of SAP very productive. SAP is a pioneer in ERP and is considered the market leader when it comes to providing the best solutions for businesses by supporting core business processes. I sincerely hope this would make enterprises adopt Central Finance or at least make them consider using this solution provided by SAP.Ĭhapter 1 : Current IT Landsca pe supporting core business processes of large global enterprises worldwide In this white paper, you will get to know more about Central Finance, it’s features, benefits it offers to different stakeholders. With the Finance department playing a vital role in every company and especially those that have SAP as their ERP provider, here’s a white paper on Central Finance, a solution that would p ave way for business transformation.Ĭustomers who are not using SAP for their ERP needs can also leverage the benefits of Central Finance, but that’s something that’s not going to be covered in this white paper. Back in 2015, SAP launched a fantastic, futuristic solution in Central Finance which will provide a glide path to enterprises to reap the full benefits of SAP Digital offerings. SAP has extended the time frame to move into S/4 HANA to 2027, giving companies more breathing space in financially and economically tough times.
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