SAP S/4HANA Cloud maintains detailed financial records in real time at the document level through integrated logistical processes. This enables flexible analysis based on a single financial truth (Universal Journal), allowing users to follow data trends without relying on predefined reports. This comprehensive approach supports process harmonization and standardization, leveraging technology and change management .
SAP supports a gradual transition to SAP S/4HANA, allowing companies to build a customized roadmap and achieve quick wins, ensuring a low-risk approach. SAP's innovative technology aids in agile, flexible, and repeatable integration. SAP S/4HANA combines transactions and analytics in real-time, eliminating batch processing, simplifying processes, and enabling real-time insights and innovation. This approach to finance and risk is recognized by market analysts.
With GROW with SAP, you can:
- Simplify everyday work with a simple, collaborative, AI enabled experience that is always being updated with the latest technological innovations
- Grow your business with a full featured ERP and capabilities to expand your products, geography, and organization with multiple country versions and localizations
- Secure your success with cloud native best practices that accelerate go live, let you differentiate with extensions and integration, and run with confidence with compliance built-in.
GROW with SAP offers:
- The most powerful finance suite from the trusted market leader.
- Advanced finance capabilities in premium packages.
- The highest coverage for language and country specific regulatory requirements.
- Industry best-practices built-in and pre-configured scenarios.
- Modular add-on packages for extended finance scenarios.
Learn more about SAP capabilities for Financial Management on https://www.sap.com/products/erp/grow/features/finance.html
As mentioned before, the office of the CFO consists of different personas, all having specific business needs. SAP brings specific value to each of these personas within the finance organization.
Head of Accounting and Controlling, the primary business value lies in enhancing the speed and efficiency of financial reporting, which in turn enables quicker decision-making based on reliable data. This role also benefits from improved forecasting abilities derived from current financial trends.
Head of Audit, Compliance, and Tax sees value in strengthened financial risk management and controls, along with ensuring compliance with regulations through enhanced documentation processes.
Treasurer and Shared Services roles, see benefits from optimized cash flow and improved management of accounts receivable, as well as facilitating smoother transactions across various banking systems.
CRO and Head of Sales can expect to generate steady income through repeat sales or subscriptions, manage larger transactions through customized product offerings, and ensure the sales system is adaptable to future market changes.
CISO, CIO, and COO will find value in improved security and access management to systems, alongside enhanced efficiency in business operations through better process management.