SAP S/4HANA: Finance Transformation

Prepare your finance and accounting for the future with S/4HANA

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2003

Year of Establishment

100s

of Customers Worldwide

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Customer Rating

How Fingent Helps

SAP S/4HANA Finance solution is a revolutionary platform that simplifies finance functions. It enables faster and better insights in almost every area of Finance. Financial data is foundational to several business capabilities. With the in-memory processing capability of S/4HANA, you can store and access a wider spectrum of data related to sales, procurement, billing, invoicing, supply chain, distribution, personnel management, and so on.

While many businesses are eager to migrate to S/4 Finance, they are unsure of the best options for a successful migration or deployment. Fingent helps in performing a technical and functional assessment of your systems to identify the best S/4 Finance solution(s) that fit your requirements. With our broad knowledge in SAP S/4HANA Finance, we help you overcome the challenges and complexities in implementing the next-generation suite for financial functions.

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Our SAP S/4HANA Finance Services

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Why innovate your business with us

Consistent high-quality results with robust agile teams and dedicated QA practices

Highly cost-effective and best-of-breed solutions with no last minute surprises

Transparent project management with maximum adherence to deadlines

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Our Unique Approach & Process

By initiating your project with Fingent, you get a dedicated and skilled team backing you up round-the-clock. All our processes are customer-oriented, designed to reduce the cost of business operations, address IT resourcing challenges, and offer you a competitive edge. We start with a deep analysis of your requirements and continue our relationship with post-launch support and updates.

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Research and Discovery

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Validating and Shaping Idea

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Design and Prototyping

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Development

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Testing and Quality Assurance

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Maintenance and Support

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Hundreds of leading businesses have derived strategic advantages from our transformative solutions.







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    The entire engagement was completely transparent and very systematic. It’s been an exceptional working experience.

    Their team is completely committed to our success as a client, and they do that with their dynamic team.

    They’ve also been great at meeting the needs of our timeframe versus theirs.

    They go above and beyond what the typical developer interaction would be.

    They were highly responsive to our needs.

    We found their project management solid.

    Reviews from engineers testify that their code was consistently solid and comprehensively documented.

    I have been very pleased with Fingent Corporation’s user experience and design capabilities.

    Fingent’s project team demonstrated passion and commitment throughout the dev cycle and it was very evident in their work.

    They’re an honest company to deal with … they were always fair and reasonable.

    FAQs

    SAP Simple Finance, currently known as SAP S/4HANA Finance solution is an ERP financial software that runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, accounting and financial close, treasury and cash management, accounts payable and receivable, risk management, and more.

    SAP Central Finance or CFIN is a deployment option of SAP S/4HANA that brings financial transactions from legacy ERPs (SAP or non-SAP systems) into the SAP S/4HANA table, following a common data format. Central Finance is one of the most effective options for deploying SAP S/4HANA finance solutions as it doesn’t interrupt the legacy systems by allowing them to remain in their existing environments.

    SAP S/4HANA Finance is basically the modified version of SAP Simple Finance. SAP Simple Finance is apparently the first business application developed for the financial functions on the SAP HANA Platform. While SAP S/4HANA offers complete Finance Business solutions, SAP Simple Finance carries some add-on features on EHP 7. Besides Finance functions, SAP S/4HANA supports Logistics functions. SAP S/4HANA Finance includes SAP Accounting, SAP Treasury & Cash Management, and SAP BPC.

    The Universal Journal can be termed as a single source of truth that collects all accounting-related transactions and makes them available to all relevant application components: Financial Accounting (General Ledger), Controlling, Asset Accounting, and Material Ledger. It brings together the two components – Financial Accounting (FI) and Controlling (CO) into a single pool of relevant business data.

    By combining the most important fields from these components within a single line item table, the Universal Journal enables the components to read and process the data from a single location. This eliminates reconciliation activities and data redundancies, and reduces the memory footprint and increases the throughput of the system. It also benefits companies by reducing the TCO (Total Cost of Ownership).

    The major transformation triggered by SAP S/4HANA is the unification and standardization of business process execution methods. Previously, Functions were used as separate instances in the SAP Business Suite. These are now bundled in SAP S/4HANA. S/4 Finance introduces a lot of new features such as General Ledger, Business Partner Approach, and Central Journal.

    The functional modules in finance and accounting include Financial Planning and Analysis, Accounting and Financial Close, Accounts Payable and Receivable, Treasury and Financial Risk Management, Financial Operations, and Governance, Risk, & Compliance for Finance.

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