SAP S/4HANA for Central Finance

Name: leverX Company
Brand: LeverX
Rating: 4.9 (114 reviews)

Centralize your financial data from complex and separate SAP or non-SAP systems.

Collaborating with an SAP Gold Partner provides access to resources and seasoned professionals, ensuring your project's reliability. Their expertise tailors SAP solutions for your unique needs, optimizing ROI and efficiency.

Partnering with an SAP Global Strategic Supplier goes beyond buyer-seller dynamics. They provide critical solutions for global operations, collaborate on product development, and drive strategic initiatives.

Such companies help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. They leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

The SAP S/4HANA for Central Finance solution implements the concept of SAP Central Finance based on the SAP S/4HANA platform. It leverages the power and capabilities of SAP S/4HANA to process and analyze financial data in real time.

This SAP solution helps companies centralize their financial data from SAP and non-SAP systems in one place. This allows organizations to gain a consolidated and unified view of their financial data without immediately migrating all systems to SAP S/4HANA.

SAP S/4HANA for Central Finance is especially useful for large companies with complex and diverse IT landscapes, where a complete migration to SAP S/4HANA can be a lengthy and resource-intensive process.

Financial data centralization

Central Finance allows you to collect and consolidate financial data from SAP and non-SAP ERP systems to provide a single and holistic view of the company's financial performance.

Faster and more accurate reporting

Due to the integration with SAP S/4HANA, users gain access to advanced analytics and reporting tools, which allow them to prepare financial reports faster and more accurately.

Step-by-step transition to SAP S/4HANA

Central Finance enables companies to migrate to SAP S/4HANA step by step, allowing smooth migration to a new system while maintaining current operational processes.

Improved business management

The system provides enhanced financial management capabilities, including centralized period closing, intercompany settlement management, and data reconciliation.

Reduced operational risks

Phased migration and centralized data management reduce operational risks. Organizations can avoid extended downtime and reduce data migration errors.

Increased efficiency

Integration with other systems and data centralization reduce duplication of processes and data. This improves overall operational efficiency and lowers maintenance costs.

Scalability and flexibility

SAP S/4HANA for Central Finance supports integration with various systems and data sources, making it a flexible and scalable solution for organizations of any size and complexity.

Increased transparency

Centralized access to financial data and advanced analytics enable greater transparency and control over financial transactions, leading to better risk management and compliance.

Fast implementation and cost-effectiveness

Central Finance implementation requires less time and resources than a full migration to a new ERP system, making it a more cost-effective option for organizations.

Data consolidation and standardization

Automatically aggregate data from different sources, enabling comprehensive analysis and reporting.
Harmonize data to a unified standard, facilitating its analysis and interpretation.

Financial process management

Centrally manage financial period closing, enhancing the efficiency and accuracy of this process.
Automate and optimize settlements between different company divisions and subsidiaries.

Real-time analytics and reporting

Utilize the capabilities of SAP S/4HANA for in-depth, real-time data analysis.
Generate financial reports that are compliant with international reporting standards.

Master data management

Ensure consistency and accuracy of master data.
Centrally manage reference and classification data to improve data quality.

Cost management and budgeting

Enhance cost management by centralizing control and analysi
Automate budgeting and forecasting processes based on centralized data.

Transaction processing and monitoring

Ensure a unified approach to processing financial transactions.
Continuously monitor and analyze transactions for timely problem detection and resolution.

Regulatory compliance

Support compliance with international accounting and reporting standards.
Utilize built-in tools to manage risks and ensure regulatory compliance.

Why LeverX?

Proven track record

For over 20 years, we have helped businesses worldwide succeed with SAP. We’ve already completed 950+ projects for over 800 clients, including top names on the Fortune 500 list.

Industry experts

The LeverX team comprises professionals with hands-on knowledge in 30+ industries, including manufacturing, logistics, and oil  and gas.

SAP partnership

We implement SAP projects end-to-end  and collaborate with SAP on the development and enhancement of its existing solutions.

Quality and security track record

LeverX operates in compliance with international standards such as ISO 9001, ISO 27001, ISO 22301, and ISO 55001, ensuring reliability and quality in every project.

Investment in innovation

We actively integrate advanced technologies, such as Data Science, IoT, AI, Big Data, Blockchain, and others, to help clients efficiently address their business challenges.

Flexibility

Our team is available 24/7, which enables us to quickly deploy projects, maintain process transparency, and adapt each development phase to meet your specific requirements.

Implementation Roadmap

We follow the SAP Activate methodology, which breaks down the implementation of SAP S/4HANA for Central Finance into six essential stages:

Current Processes Evaluation: Assess existing business processes and identify the organization's needs.
Defining Technical Requirements: Create a detailed specification of the functional and technical needs of the new system.

Discover

Setting Goals and Objectives: Establish and agree on the goals to be achieved throughout the project.
Assembling the Project Team: Appoint team members and define their roles and responsibilities.
Project Plan Development: Create a comprehensive plan that outlines project phases, timelines, resources, and key performance indicators.
Budget Determination: Estimate and approve the budget.
Specifications Preparation: Develop the technical and functional specifications for the development team.

Prepare

Ensuring Business Requirements are Met: Check that SAP S/4HANA for Central Finance aligns with business requirements and project objectives.
Data Validation: Verify the accuracy and compliance of the data.

Explore

Data Migration: Transfer data from existing systems to the new one.
System Configuration: Set up the solution according to requirements and specifications.
Customization: Develop additional features and modules, if the standard solution does not meet all needs.
Integrations: Configure SAP S/4HANA for Central Finance to work with other IT systems and applications.

Realize

Testing: Perform functional, integration, regression, and load testing to ensure that all works correctly.
User Training: Organize sessions to help users become familiar with the new system.

Deploy

System Readiness Check: Verify that the system is ready for operational use.
Launch: Officially transition to active use of SAP S/4HANA for Central Finance.
Ongoing Support: Continuously monitor solution performance to identify and resolve any issues.

Run

What is SAP S/4HANA for Central Finance?

SAP S/4HANA for Central Finance is a solution that allows organizations to centralize their financial data from multiple ERP systems into a single SAP S/4HANA instance, enabling unified financial reporting and analysis.

How does SAP S/4HANA for Central Finance integrate with existing ERP systems?

It integrates with existing ERP systems using the SAP Landscape Transformation (SLT) replication server to transfer financial data in real time, ensuring data consistency and accuracy.

Can SAP S/4HANA for Central Finance handle data from non-SAP systems?

Yes, SAP S/4HANA for Central Finance can integrate data from SAP and non-SAP ERP systems, allowing for comprehensive financial consolidation and reporting.

How does SAP S/4HANA for Central Finance help with financial reporting?

It provides a single source of truth for financial data, enabling consistent and accurate financial reporting across the organization. It also offers advanced analytics and reporting tools for detailed financial insights.

1

An expert will reach out to you to discuss your specific migration needs and requirements.
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We will sign an NDA to ensure any sensitive information is kept secure and confidential.
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We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.