SAP S/4HANA Move for Finance Blog series #15 of 15 Learn How SAP S/4HANA Can Support Finance Professionals to Join Enterprise Transformation
Thank you for joining our SAP S/4HANA Finance Move blog series breaking down the Webinar Series for Finance Professionals
It’s a wrap!! Join this final on demand session, hosted by Randy Garrison, Vice President – Line of Business Finance and Head of Value Advisory at SAP. This session will summarize how SAP S/4HANA and SAP Finance solutions can create efficiencies and trust across all areas of your Accounting and Finance organizations. SAP S/4HANA delivers a consistent, intuitive & efficient user experience, an integrated data platform and fundamental enhancements to core finance processes.
Here are some of the questions and answers from our live session:
- Is there a session specifically for consolidation and integrated planning, if so please send me the link, thanks
If you go to www.sap.com/move-finance you can see all session available on demand now. Additionally, there are deep dive sessions once you open the overview sessions Consolidation: Establish Trust Across the Financial Close and for Planning: See How SAP’s Finance Platform Has Evolved Beyond Accounting, Supporting the End-to-End FP&A Function.
- Is SAP S/4HANA an effective solution only for big/multinational companies? Can startups take advantage of it as well?
We see a very large number of customers adopting SAP S/4HANA that are new to SAP. We have solutions in the cloud that can be adopted extremely quickly.
- Finance is the recipient of data from the feeder processes and dependent on “how” clean these processes and data are – from a Finance pov, what do you advise and how do you manage expectations of the CFO of this for using SAP S/4HANA when it comes to implementing a “faster close”, reconciliations, etc.?
Thank you for the question. In many ways, every project is a data project. We typically see customers focus in three areas: 1) Exposing the CFO to effort required to perform the period end activities, 2) Identifying areas where capabilities to integrate data more efficiently like SAP Master Data Governance (MDG) are used, and 3) The most important, finding areas where Finance needs to me more involved in supporting the overall profitability of the company. This means being closer to the customer, supplier, product development, manufacturing, etc. The overall value for SAP S/4HANA Finance is certainly the ability to integrate and automate processes and a simple single version of the truth but the bigger value results from freeing resources from mundane tasks and allowing them to work proactively as business partners with other functions. Best advice is to look outside of Finance where finance can have an impact then work toward freeing the finance professionals to raise their game.
- When we move from SAP to S/4HANNA, do we have all functionalities available or is it optional?
When moving to S/4HANA, you have the functionality available within previous solutions. You have a modern platform, a simplified data model, and the ability to integrate automation into processes. Add to that the Central Finance deployment approach and you can integrate SAP and non-SAP data into S/4HANA at the document level….this allows for Finance to be the single source of truth. But, because it’s S/4HANA, you also have a full system to allow for additional capabilities to be activated to support moving your business at your own pace.
For a complete outline of our on demand series check out www.sap.com/move-finance
SAP S/4HANA Move for Finance Blog series: