SAP Conference Overview

Overview

SAP Central Finance – Controlling Perspective

Description

SAP offers Central finance - a deployment option, to leverage the latest innovations of S/4HANA by bringing financial data from different ERP systems to the central finance system without disturbing existing operational processes. Customers implementing Central Finance with multiple-source ERP systems often face many finance and controlling-related design challenges. Understanding key design elements of controlling is critical for a successful central finance implementation. In this session, you'll learn important controlling design challenges and solutions.

 Many organizations have different ERP systems which include both SAP and non-SAP systems. Integrating such systems poses enormous challenges often involve manual month-end activities/processes to consolidate and report such data. To adopt SAP S/4HANA innovations quickly, SAP offers multiple pathways:

  • System migration (brownfield implementation)
  • Greenfield implementation
  • Central Finance

SAP offers SAP Central finance solution. a deployment option, to leverage latest innovations of S/4HANA by replication of posting data from different ERP systems to central finance system without disturbing the existing ERP systems. The source system can be SAP, non-SAP systems or customized home-grown systems. There are several advantages with this approach such as advanced segment/group reporting, scalable solution, transform business processes quickly. In addition, Central finance provides companies with an opportunity to harmonize master data on the fly and enable fast closing. In this session, you will learn key design challenges of central finance:

  • Introduction to Central finance
  • Harmonizing master data
  • Central processes
  • Controlling in Central Finance
  • COPA in Central Finance
  • Application interface framework (AIF)/Error handling
  • Use cases/Best practices

 

Speaker
Anand Seetharaju

Anand Seetharaju is an SAP financial and management accounting certified consultant, and tax certified consultant, a CPA and CMA with over 25+ years of hands-on experience in financial/managerial/tax accounting applications. He specializes in SAP finance transformation projects include central finance, central payments, credit, collections, and dispute management, cash operations, margin analysis, project systems, revenue accounting and reporting, contract accounting, capital asset management and leasing/flexible real estate management. His expertise also includes in global tax and legal reporting, tax compliance software Thomson Reuters ONESOURCE and Vertex integrating with ERP systems and statutory reporting with SAP document and reporting compliance. 

Contact
» Phone: +1 (619) 254-5002