SAP Central FinanceDigital Transformation and Financial Consolidation
Now is the time to map master data from your source systems to central finance
Central Finance exploits the capabilities of HANA (i.e. real-time, speed and agility to replicate financial documents into the central system, giving a real time organization-wide financial view. In short, Central Finance allows you to create a common reporting structure for an organization.
Central Finance represents a route to ERP system consolidation and migration to SAP S/4HANA at low risk.
Formerly called the SAP Central Journal, Central Finance is a product and a deployment option for S/4HANA Finance that breaks out the Finance and Controlling (FI/CO) applications for the rest of SAP ERP as a sidecar via SAP Landscape Transformation (SLT) replication.
91% of organizations are engaged in some form of digital initiative, but only 40% have reached scale for their initiatives.
— Gartner Research
SAP solutions power your Financial Systems
Volatility and change in the energy industry requires digital transformation to streamline and simplify operations for upstream, midstream, and downstream companies of the future.
- Optimize business performance with a proven technology
- Enable your team with real-time, impactful, and accurate information
- Deliver improved logistics, better financial execution, and overall organizational efficiencies while laying the foundation for end-to-end insight into your financial big picture
We use the central finance to harmonize master data – experts in this area
Harmonized Financial Reporting: Central Finance system collects data from different systems and provides harmonized reporting in a single system. As data experts, we ensure that the complete end to end data value stream is trusted and cleansed – using our proprietary templates and processes
SPEED YOUR TRANSITION TO SAP S/4 HANA
W5’s working partnership with SAP best practice “Magnitude” to accelerate your Central Finance implementation and data consumption.
Connect and harmonize multiple source systems
SAP S/4HANA Central Finance aggregates all financial transactions into a powerful central system allowing companies to achieve full finance transformation and gain major strategic advantages. Magnitude SourceConnect is a pre-built software solution to effectively and efficiently interface data from multiple source systems.
Over 85% of companies considering SAP Central Finance have non-SAP data sources. To realize the full value from the SAP S4/HANA Central Finance solution, all the relevant data must be integrated to enable agile, intelligent finance operations. SAP Central Finance Transaction Replication by Magnitude was designed to connect SAP S/4HANA Central Finance with any third-party data source while reducing data integration costs, risk, and manual effort.
Here’s who we’ve helped
In 6 months, W5 Consulting helps transform a small oil company into a model for intelligent enterprise integration.