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SAP Central Finance

Efficient process control thanks to key financial figures in real time

The foundation for strong financial management

SAP Central Finance (cFIN) makes it possible to merge financial data from different ERP systems into a central SAP S/4HANA instance without affecting ongoing operations. The system can also serve as a springboard for S/4HANA migration. It offers real-time financial reporting and analysis without manual intervention. Various functions, such as payments, asset accounting or tax reporting, are mapped centrally. To be able to use SAP Central Finance, only the corresponding function needs to be activated in S/4HANA. The SAP Landscape Transformation Replication Server (SAP LTR Server) enables smooth replication of posting data from the source systems to the central cFIN. Master data such as business partners are simply transferred via an ALE connection. Mapping rules harmonize master and transaction data in the target system.

Advantages of SAP Central Finance

Efficient management of cash and treasury processes

Replication of financial data in real time. Connection to SAP and third-party systems possible.

Consolidated Group reporting

Smart analysis of mass data in real time for more transparency in day-to-day business.

Centralized system on an S/4HANA platform

Increases competitiveness and growth potential.

Basic pillars and functions

  • Planning, reporting and compliance

    • Global master data 
    • Accounting documents can be collected automatically from the entire organization 
    • Harmonized real-time data from different source systems 
      faster reporting speeds 
    • replicated financial documents for enhanced segment, company and group reporting

  • Financial transactions and shared services

    • Central Payment function enables centralized execution of payments with smooth processing in S/4HANA 
    • Up-to-date overview of open items, including payments and bank statements 

  • Preparation of financial statements and financial reports

    • Preparation of the final financial reports at company and group level 
    • Orchestration and monitoring of these processes 

Rely on our expertise for the implementation of SAP Central Finance

Rely on our more than 20 years of experience in SAP consulting and our successful customer projects in the finance and controlling environment. We take responsibility - both in the optimization of existing business processes and in the redesign of entire system landscapes. Benefit from our best-practice templates from past customer projects.
  • Introduction of Central Finance solutions
  • Quick checks on feasibility and ROI based on individual requirements
  • Functional expansion and optimization 

How to successfully implement SAP Central Finance

The next steps with us: Together we will find out whether SAP Central Finance fits your company's requirements. We offer a selection of flexible products, from initial direction setting to implementation and support.

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Our cases

All-rounder for HANSA-FLEX

We have created an all-rounder solution for HANSA-FLEX that can organize the management of hydraulic components in machines and systems flexibly and across locations.

Hansa Flex migrates to SAP Commerce Cloud

With the support of our SAP experts, HANSA-FLEX migrated instances to the SAP Commerce Cloud.

Digital transformation for Remmers

Success through teamwork: In cooperation with the Bremen-based digital agency Octagen, neusta software development ensured the digital transformation of Remmers Gruppe AG.

Digitalization of sales processes at Gebr. Heinemann

We relied on the SAP Commerce Cloud at Gebr. Heinemann to sustainably optimize sales activities.

SAP Business Technology Platform for HANSA-FLEX

We successfully integrated an SAP Business Technology Platform (BTPI) for HANSA-Flex.

Innovation management with SAP PPM for the DMK Group

For DMK Group, we further developed the product innovation tool based on SAP PPM, SAP UI5/FIORI and SAP BRFplus.

SAP ERP support for OOWV

We have been supporting the Oldenburgisch-Ostfriesischer Wasserverband in the further development of the SAP ERP system and in the optimization of processes within the company.

SAP system for TUI

The largest single order in the 27-year history of the Bremen-based team neusta group of companies is "live": team neusta implemented the introduction of an SAP system for the tour operator TUI.

International B2C e-commerce platform for Hengst

Our experts for SAP have successfully implemented an international B2B e-commerce platform for Hengst Filtration, a leading global provider of filtration solutions.

Credit card payment for HANSA-FLEX online store

We have added a credit card payment option to the HANSA-FLEX online store by seamlessly integrating the SAP Commerce and Unzer systems.

Your questions - our answers

What is SAP Central Finance? 

SAP Central Finance brings together financial data from various ERP systems in a central SAP S/4HANA instance.

What advantages does SAP Central Finance offer? 

SAP Central Finance provides improved financial transparency, real-time financial reporting, simplified financial consolidation and faster decision-making. It also facilitates the harmonization of financial data.

How does integration with existing ERP systems work? 

SAP Central Finance can be seamlessly combined with existing ERP systems by replicating financial data from various sources into a central SAP S/4HANA instance in real time.

Which companies benefit most from SAP Central Finance? 

Companies with complex financial structures and multiple ERP systems benefit most from SAP Central Finance. It is particularly useful for companies that need a unified view of their financial data to simplify consolidation processes and enable real-time financial reporting.

What implementation steps are required for SAP Central Finance? 

The implementation of SAP Central Finance involves several steps, including analysis and planning, integration of existing ERP systems, configuration of data replication and user training. Best practices and careful planning are crucial to ensure a successful implementation.

What is the biggest risk for a Central Finance implementation?

A well thought-out integration architecture and the motivation of all entities involved are among the most important success factors.

Harmonization of master data can be a demanding change process. Replicating the entire accounting data is a technical challenge. The testing effort should not be underestimated.


 

Your SAP expert

Arrange a consultation now.

Antje Meyer-Heder