System Landscape Transformation and SAP Central Finance (IT Toolbox Blogs)

I recently attended the inaugural SAP-Centric Financials event, run in Dallas and organized by ASUG events cooridnating arm – Eventful Conferences.


Events like this are an important place for SAP customers to find out more about what other SAP customers are doing and also to establish some insights into the direction SAP is taking their technology.


Simple Finance as it was billed originally, has been around for on premise installations since 1503 back in 2015 but the uptake by SAP customers has seemingly been somewhat anaemic. 


This anaemia probably speaks more to a lack of confidence on the part of existing SAP customers, more than anything else. This lack of confidence is likely not because there is a dearth of information, it is more likely a case of really understanding the value of the switch and the costs. 


One of the transition options, is to implement the concept of Central Finance (formerly the Central Journal). Here you would retain your existing ERP system and simply use integration to move value indicators to a new system from where you would perform roll-up reporting. 


I previously wrote on how ACDOCA was described as a new and somewhat revolutionary way of now doing faster and more sophisticated reporting and reducing the waves of activity that dog the month end and period close process. 


I attended one of the graveyard sessions of the event, led by 

Dion DiCristofaro a Senior Director in the S/4HANA CoE and listened to him speak in a jam-packed and over-subscribed session on “What’s included” in Central Finance.


Again, the significant effort involved in configuring and maintaining the SLT was somewhat downplayed, but interestingly the questions around resolving mis-posts and queue management did come up in the Q&A which suggests to me that many customers are seriously considering this as a transitional option, albeit a potentially more expensive one. 




Central Finance

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Source: SANS ISC SecNewsFeed @ February 27, 2017 at 12:16PM