SAP Central Finance – How it’s different from Traditional ERP Implementations
When SAP S/4HANA Central Finance is planned to be implemented in organizations there are few points which needs to be considered as Central Finance Implementation is not a traditional ERP implementation where we follow the standard steps most of the times, usually it was ASAP methodology and now its activate. Additionally every system integrator also adds up their own ways of working including some accelerators and try to make things more specific by industry or segment of customers.
When it comes to Central Finance implementation, it is not that way. In this blog, we will only focus on the core of Central Finance, which is the load, & replication of data. Of Course during the journey in the program lot of other financial processes like Central Payments, Central Credit management etc. can be touched or changed.
What I have seen is that Initial Load is generally termed as Data Migration (of course it’s a migration of data from one system to other but not a typical data ,migration as we usually do in ERP implementation where we use ETL (Extract – Transform – Load) method and move the data from legacy to any other ERP.
Just a summary of what CFIN project IS and what CFIN project is NOT:
WHAT SAP S/4HANA CENTRAL FINANCE PROJECT IS:
WHAT SAP S/4HANA CENTRAL FINANCE PROJECT IS NOT:
This is all based on my personal experience as I have worked on several SAP Central Finance implementations and have worked with several customers, customer senior stakeholder, system integrators, consultants and partner organizations. It may or may not be similar to what other think or experience.
A lot more is there to share and will keep on sharing.