Delivering value through SAP S/4 HANA Central Finance (CFIN)
SAP S/4 HANA Central Finance (CFIN) implementation for a multinational FMCG client
Checking the pulse of the industry, one of the major elements of the SAP S/4HANA story that has been stimulating interest across is Central Finance. Central Finance uses SAP S/4HANA’s real-time abilities to replicate financial documents into the central platform as they are posted that gives a real time organization-wide finance view. In our case, the current customer landscape had many instances of SAP and Non-SAP solutions. They needed a single layer for Reporting & Consolidation across the Core ERPs reducing the need for multiple reporting systems. The implementation was done aligning with the strategic initiative of moving towards an intelligent finance organisation, helping in faster decision making with enhanced user experience & visualization.
Challenges identified in the AS-IS systems of the client
Recognized Benefits (short term & long term)
- Robust information management
- Speed of Reporting
Immediate Win: E2E Overheads Management
Aim of the project was to drive divisional & local overheads cost visibility and create optimality to maximize business impact and support change program for the client. Final deliverable was a power BI enabled dashboard, which gave a holistic view of all the overheads costs across geographies.
Following are the key features of this implementation:
- Centralized instance for heterogeneous landscapes
- Real-time replication
- In-memory, real time processing of massive data
- One universal journal for financial and managerial accounting
- First time reporting through Power BI on top of S4 HANA system
Where did Thoucentric fit in?
Thoucentric consultants were involved in the entire transformational journey starting from the design phase to delivering the final SAP S4 CFIN solution integrated with power BI dashboards for Overheads Management. Some of the roles in which we excelled in are as follows: