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Convista Asia
Financial Transformation with SAP S/4HANA
asiaconvista.blogspot.com/2022/09/financial-transformation-with-sap-s4hana.html
With every accounting, businesses that run SAP ECC are increasingly proficient in
operating and managing their financial software. The high level of comfort with the
existing system asks them to ask, "Do we really need an increase in our SAP
system?"
While users may feel comfortable with the status quo, the increase to S/4HANA gives a
strategic future, analytic ability, and an improved process, that business does not realize
that it is lacking.
Core areas of focus in financial transformation
Finance is an integral part of the creation of values ​
​
throughout the business. All
workstreams from sales, logistics, manufacturing, and supply chains, to human
resources, finally met to finance.
Therefore, the financial transformation has an impact on the entire organization. Through
its implementation, he discussed some inconsistencies, inefficiency, and anomalies that
were not detected in the organization.

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The Siloed process causes an inconsistent methodology. When the function in the
same organization works in Siloes, it leads to the variant in the approach to the
calculation of the main performance indicators. SAP S/4Hana integrates the process and
flow process to standardize terms, KPIs, and processes to produce reliable operational
and financial reports that encourage value in an organization.
Process outside the ERP ecosystem. ECC users often add processes or software
outside the SAP source system, which is not recommended about the fact that SAP
S/4hana already has the innate ability. During the transformation, SAP practitioners
highlighted this and help businesses eliminate external add-ons while also training them
to use the default that reduces costs and streamlines their processes.
Improvement offers a newer and better solution. The implementation of S/4hana and
the transformation that it carries allows finance and accounting to switch from the
numbers that move and process the role to becoming a more strategic decision-making
partner for the business. It develops from back-office activities such as a transaction
count and balance books, to grow and allow business value.
What an upgrade implies
Increased integration of different systems to make a cohesive and consolidated process
workflow. Businesses can take the opportunity to evaluate and potentially eliminate
customization and unreasonable maintenance by optimizing the S/4 process.
The SAP Best Practice Combination, Guided Configuration, and Implementation
Methodology Provide Modern and Standards Solutions for Business Processes.
Financial transformation S/4Hana prioritizes financial reporting to become more analytic
and the time regulator recalibrates the focus of financial functions of the accounting and
basic reporting functions to business empowerment. The organization switches from
spending time closing the financial calendar to interpreting and reacting to the data
provided by their new system.
Opportunity for accelerated growth
SAP S/4HANA Implementation is an opportunity to overhaul the core system, establish a
process that is truly damaged and reconstructing strategies to be efficient, driven by
values, standards, and limit replication.
Successful financial transformation has an impact on all functions, opening floodgates for
better business partners. This speeds up time-to-process, helping businesses run the
lean process, and become more cost-effective and in harmony with business goals.
Micro-excel is a SAP partner. Our Practitioner and Consultant Team is the main enabler
to encourage your digital financial transformation and meet a broader strategic goal that
strengthens your business. Talk to us for your digital transformation needs.