SAP Central Finance (CFIN) is a system that consolidates financial data from multiple source systems into one central system. In CFIN, master data plays a critical role in ensuring smooth integration and accurate financial reporting.
In this session, you’ll learn important considerations for master data in CFIN such as:
- Master data from multiple source systems (SAP and non-SAP) must be harmonized to ensure consistency. This includes mapping data like Chart of Accounts, Business Partners, and Cost Centers.
- Data mapping is essential to define relationships between source systems and the Central Finance system. This is used during both the initial load and ongoing replication of transactional data.
- Centralized/Decentralized - Using SAP MDG can help manage and maintain master data quality. It provides tools for data validation, enrichment, and governance. Alternatively, other tools can be used.
- Central Finance often requires the creation of a "golden record" for master data, which serves as a single source of truth for financial processes.
- Leading practices followed for master data creation, mapping, validation, and error handling in central finance scenarios
- Speaker: Anand Seetharaju