Trends in SAP S/4HANA Finance and Central Finance

Many companies are battling complexity in an effort to provide visibility and insights to their business, finds the latest SAPinsider Research on SAP S/4HANA Finance and Central Finance. And According to Bas Kamphuis, Chief Growth Officer, at Magnitude, many of their clients are leveraging Central Finance to start to give their companies some simplicity in processes and a single pane of glass in which to view their business.

In this video interview you will get Kamphuis’s take on the different trends in the marketplace including how finance leaders are providing greater insights and innovation for their organizations.

According to Kamphuis, there is not a shortage of data, but many companies do not know how to integrate their data into a single centralized lens that offers value to their business. While consolidating systems of record to a single system may be an unrealistic short-term goal, many are using Central Finance as a way for organizations to experience the simplicity and generate the visibility that they are looking for. This path is not without its challenges, and you will learn why two-way synchronization capabilities ensure that source and target systems are always updated appropriately. You will also learn why auditability is critical to support governance and regulatory requirements.

SAPinsider research also found that many companies see Central Finance as an enabler of transformation particularly when it comes to shorter time horizons. Kamphuis shares insights from real-world customers who have been able to implement this solution in months and derive value immediately.