All around the world, businesses are at a different point in their digital finance journey. In this evolving economy, the role of CFO has transformed.
Arising out of the need to increase and preserve the profitability of businesses amidst volatility, CFOs have emerged as the drivers of corporate as well as one of the key influencers of the digital strategy of their business.
The present is better than ever as we sit on the cusp of possibilities as emerging technologies become mainstream – the future is here today, and we are living it.
Now is the right time to define the future of your organization as an intelligent enterprise. The SAP S/4HANA business management ecosystem powered under RISE with SAP, is guiding enterprises to translate the CFOs vision for profitability to value, as they navigate through digital disruption.
SAP S/4HANA for finance empowers CFOs by replacing fragmented data and disparate systems into a single, central source of truth.
This centralized source of financial and management data enables you to see the Big Picture, transforming your vision to value in the form of an intelligent enterprise.
Evolve from conventional accounting methods to unlocking enterprise value through digital transformation, the power of real-time data and a reimagined workforce with SAP S/4HANA.
However, why one should move to S/4HANA remains a question for many. In this blog, SAP S/4HANA experts at VC ERP Consulting, present perspectives on SAP S/4HANA on finance and how a move can be beneficial to realize the digital strategy.
SAP S/4HANA for finance is capable of much more; however, let’s start with how it helps to turn complex data into clear actionable insights, enabling realtime forecasting fueling innovation.
CFOs can seamlessly unify their information landscape to remove gaps and ease pain-points by leveraging the in-memory data and processing capabilities of SAP S/4HANA architecture.
It consists of five integrated pillars to support the CFOs:
Empowered with these pillars, CFOs can get instant access to all data and processes of the business within a single unified architecture.
Additionally, SAP S/4HANA also improves real-time analytics performance helping CFOs to show the management what they can achieve.
SAP S/4HANA merges all your critical accounting information into a ‘single source of truth’, making integration easier while cutting out the need for the constant replication of data.
Equipped with a new user experience via SAP Fiori UX and apps, financial processes can now be more efficient and effective than ever.
Below are the key capabilities of SAP S/4HANA for finance:
SAP S/4HANA offers real-time KPIs and continuous financial visibility giving instant overview of important financials. Let us have a look at the benefits of SAP S/4HANA.
SAP S/4HANA Finance offers immediate value to CFOs looking at current and past trends, helps to run complex projects with optimized costs and utilizes past & present numbers to forecast future expectations.
Let us take a look at the benefits of SAP S/4HANA Finance
There are two avenues through which SAP S/4HANA Finance can be deployed. Here is a brief overview of each:
As CFOs are contemplating their new and expanded role in driving business growth, they need to make sure that they have the right technology foundation. SAP S/4HANA implemented with VC ERP Consulting, is a robust SAP ERP Solution driving higher performance and unlocking new levels of innovation.
SAP S/4HANA Experts at VC ERP Consulting, the best SAP Gold Partner in India, support the full end-to-end transformation from initial strategy through to delivery at scale. We help CFOs and businesses to navigate their choices and identify an approach that reduces risk and accelerates business value.
VC ERP’s depth and breadth of experience in SAP S/4HANA helps any organization accelerate its SAP S/4HANA journey. We offer a whole range of preconfigured industry solutions, business process models and end-to-end delivery capabilities.
As a CFO, are you ready to enhance your organization’s ability to pivot and adapt to dynamic business scenarios? Get in touch with award winning SAP Gold Partner, Certified Expert SAP S/4HANA Consultants and Advisors at VC ERP Consulting for free consultation.
Call +91 7948998911 (India), Whatsapp +254 111229970 (Kenya), Call +1 469 9156026 (North America), +974 31239246 (MENA) or drop an E-mail at sayhello@vc-erp.com
Arising out of the need to increase and preserve the profitability of businesses amidst volatility, CFOs have emerged as the drivers of corporate as well as one of the key influencers of the digital strategy of their business.
The present is better than ever as we sit on the cusp of possibilities as emerging technologies become mainstream – the future is here today, and we are living it.
Now is the right time to define the future of your organization as an intelligent enterprise. The SAP S/4HANA business management ecosystem powered under RISE with SAP, is guiding enterprises to translate the CFOs vision for profitability to value, as they navigate through digital disruption.
Powering Profitability with SAP S/4HANA for Finance for the CFO
SAP S/4HANA for finance empowers CFOs by replacing fragmented data and disparate systems into a single, central source of truth.
This centralized source of financial and management data enables you to see the Big Picture, transforming your vision to value in the form of an intelligent enterprise.
Evolve from conventional accounting methods to unlocking enterprise value through digital transformation, the power of real-time data and a reimagined workforce with SAP S/4HANA.
However, why one should move to S/4HANA remains a question for many. In this blog, SAP S/4HANA experts at VC ERP Consulting, present perspectives on SAP S/4HANA on finance and how a move can be beneficial to realize the digital strategy.
What is SAP S/4HANA for Finance & How does it impact the CFOs?
SAP S/4HANA for finance is capable of much more; however, let’s start with how it helps to turn complex data into clear actionable insights, enabling realtime forecasting fueling innovation.
CFOs can seamlessly unify their information landscape to remove gaps and ease pain-points by leveraging the in-memory data and processing capabilities of SAP S/4HANA architecture.
It consists of five integrated pillars to support the CFOs:
- Financial Planning & Analysis
- Accounting & Financial Closing
- Treasury Management
- Financial Operations
Empowered with these pillars, CFOs can get instant access to all data and processes of the business within a single unified architecture.
Additionally, SAP S/4HANA also improves real-time analytics performance helping CFOs to show the management what they can achieve.
SAP S/4HANA allows CFOs to
- Model the efficient integration of identical operations and product hierarchies
- Develop simulation models with new business planning and get instant combined results
- Figure out the impact of global cash flows and financial position
- Pull real-time cash and liquidity data of all business systems
- Advise the board about new ventures and its success with better forecasting capabilities
- Predict potential market growth in addition to current operations
Leverage Next-generation Accounting with SAP S/4HANA
SAP S/4HANA merges all your critical accounting information into a ‘single source of truth’, making integration easier while cutting out the need for the constant replication of data.
Equipped with a new user experience via SAP Fiori UX and apps, financial processes can now be more efficient and effective than ever.
Below are the key capabilities of SAP S/4HANA for finance:
Universal Journal
- Single source for all your financial and management accounting business needs
- Enter line items only once and eliminate data redundancies
Real-time Reporting & Analytical Capabilities
- Fast and flexible reporting with Self-service analytics
- Real-time reporting without replication to a data warehouse
Accelerated Close
- Continuous accounting with intra-month processes
- Extend the reach of accounting with predictive close capabilities
- Get real-time insights any time with Soft Close
- Accelerate month-end closing tasks with Hard Close
Seamless User Experience
- Predefined finance user roles
- 100s of delivered reports, worklists, status reports and compliance reports
AP/Allocations/Taxes
- Increase efficiency by smart compliance issue processing automation
- Match goods receipt/invoice receipt, tax compliance and allocate universal processes
SAP S/4HANA offers real-time KPIs and continuous financial visibility giving instant overview of important financials. Let us have a look at the benefits of SAP S/4HANA.
How SAP S/4HANA Benefits CFOs to Achieve Resilience in an Agile Manner?
SAP S/4HANA Finance offers immediate value to CFOs looking at current and past trends, helps to run complex projects with optimized costs and utilizes past & present numbers to forecast future expectations.
Let us take a look at the benefits of SAP S/4HANA Finance
Business Growth
- Run faster payments, accruals posting and loan valuations leading to improved customer relations
- Enable a high volume billing process to accommodate huge volumes of data
- Realize reduction in Days Sales Outstanding (DSO)
- Substantially reduce Invoice Processing Time
- Generate new revenue streams with speed & ease
- Process millions of orders with high accuracy and optimized costs
Profitability
- Reduce days to close monthly books with granular reporting capabilities
- Achieve enhanced visibility towards procurement enabling optimized costs
- Streamline corporate business processes boosting employee productivity
- Optimize inventory management and establish real-time visibility into stock & spare part levels
- Calculate product costing across the supply chain & give users the visibility of viable products
- Minimize the complexity of technology landscape by reducing hardware, maintenance & software licenses
Agile Business
- Simplify business processes and improve customer satisfaction with SAP Fiori
- Improve data processing performance and reduce data backup time from hours to minutes
- Live reporting with improved audit leading to reduction in business risk profile and fraud prone areas
- Get accurate information and real-time consolidated reports within a single landscape
SAP S/4HANA Deployment Options
There are two avenues through which SAP S/4HANA Finance can be deployed. Here is a brief overview of each:
On-Premise
SAP S/4HANA On-Premise deployment model describes an instance where this SAP ERP Solution is hosted on company propertyCloud
There are two instances for SAP S/4HANA Cloud deployment: SAP S/4HANA Public Cloud (on Grow with SAP) and SAP S/4HANA Private Cloud (on RISE with SAP). In public cloud deployment, you lease a shared server space with other fellow customers using SAP S/4HANA. In SAP S/4HANA private cloud deployment, you lease a private server space.SAP S/4HANA Supercharges CFO’s Vision to become a Catalyst of Digital Transformation
As CFOs are contemplating their new and expanded role in driving business growth, they need to make sure that they have the right technology foundation. SAP S/4HANA implemented with VC ERP Consulting, is a robust SAP ERP Solution driving higher performance and unlocking new levels of innovation.
SAP S/4HANA Experts at VC ERP Consulting, the best SAP Gold Partner in India, support the full end-to-end transformation from initial strategy through to delivery at scale. We help CFOs and businesses to navigate their choices and identify an approach that reduces risk and accelerates business value.
VC ERP’s depth and breadth of experience in SAP S/4HANA helps any organization accelerate its SAP S/4HANA journey. We offer a whole range of preconfigured industry solutions, business process models and end-to-end delivery capabilities.
As a CFO, are you ready to enhance your organization’s ability to pivot and adapt to dynamic business scenarios? Get in touch with award winning SAP Gold Partner, Certified Expert SAP S/4HANA Consultants and Advisors at VC ERP Consulting for free consultation.
Call +91 7948998911 (India), Whatsapp +254 111229970 (Kenya), Call +1 469 9156026 (North America), +974 31239246 (MENA) or drop an E-mail at sayhello@vc-erp.com
