New legal and tax requirements, logistics process adjustments, company-wide harmonized processes and data, increasing automation and ever new reporting requirements: these are the challenges that CFOs and their teams are confronted with on a daily basis. In addition, these changed requirements demand new tools.
Technological progress in the application market forces CFOs to rethink and redesign processes, master data and organizational structures. The technology factor - in particular the use of innovative and strategic tools such as S/4HANA Finance - is a key success factor in the transformation of the financial sector.
One of the most significant changes in S/4HANA is the merging of internal and external accounting in the Universal Journal.
The new general ledger is not an option, but a must! The functionalities of parallel accounting and document splitting with balance sheet and P&L presentation at BU level (including profit center and segment) known by the new General Ledger are now extended by the integration of the accounting-based profit and loss statement. For a meaningful use of these functionalities - and in order that the IT implementation or S/4 transformation can deliver the desired added value and create a corresponding competitive advantage - a harmonization of structures, master data and processes should be implemented.
On your way to S/4HANA we offer you the following services:
Development of a roadmap and migration strategy for the transition to S/4HANA Finance. FI/CO should be seen as part of the overall strategy for migration to S/4HANA. FI/CO activities are integrated into the overall project plan and are to be considered in coordination with the IT strategy as well as the planned design and implementation in logistics.
Migration of FICO master and transaction data. Both generally and from ERP to S/4HANA.