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.

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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.

SAP Central Finance can integrate with a variety of SAP systems that enable businesses to strengthen financial operations and decision-making. Some of these systems include:

SAP FI: Consolidate financial accounting data across systems to ensure consistent bookkeeping, streamlined reporting, and improved financial visibility.
SAP CO: Align controlling data to support accurate cost tracking, profitability analysis, and better planning across business units.
SAP MM: Integrate procurement-related financial data to gain clearer insights into purchasing activities and supplier-related costs.
SAP SD: Synchronize sales-related financial data to improve revenue tracking, order-to-cash processes, and customer profitability analysis.
SAP Analytics Cloud (SAC): Enable real-time analytics and reporting to support faster, data-driven decisions.
SAP S/4HANA Cloud for Cash Management: Improve cash positioning and liquidity forecasting with centralized cash flow data from across the organization.

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

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 deployment option for SAP S/4HANA that creates a new, central instance that receives real-time replicas of financial accounting documents from multiple source ERP systems. Unlike a traditional data warehouse purely for reporting, Central Finance is a live, transactional system. This means you can not only run consolidated reports but also execute central processes like payments and credit management from the single, central instance.

How is Central Finance different from a traditional financial data warehouse like SAP BW/4HANA?

The key difference is that Central Finance is a transactional system, while a data warehouse is for analytical reporting. Central Finance replicates entire financial documents in real time, allowing you to execute processes centrally. A data warehouse, like SAP BW/4HANA, typically loads aggregated or summarized data in batches and is used for complex business intelligence, trend analysis, and performance management reporting, not for running live transactions.

What are the examples of 'central processes' that can be run in Central Finance?

Beyond consolidated reporting, central finance enables the centralized execution of key financial tasks. Common examples include central payments (where all outgoing payments for the entire group are processed from the central system), central in-house cash, and central credit management. This allows for standardized processes, better cash visibility, and more consistent credit risk management across the enterprise.

How does Central Finance handle master data (e.g., customers, vendors) that is different across source systems?

Handling master data is a critical step. Central Finance uses a process of master data mapping to link different local master data records from source systems to a single, harmonized "golden record" in the central instance. This mapping is often managed and governed using SAP Master Data Governance (MDG), which runs on the same central instance and ensures data consistency across the landscape.

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An expert will reach out to you to discuss your specific needs and requirements.
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We'll 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.