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SAP S/4HANA Finance for your successful accounting

Especially in finance and accounting, data, key figures and processes need to be analyzed in real time so that these analysis results and forecasts can be used as a reliable basis for making decisions. To be able to efficiently handle the flood of data and information nowadays, manual efforts and error-prone work steps must be automated as far as possible. SAP S/4HANA, the latest SAP ERP generation, offers all basic functions of the different business areas.

 

Many companies implement SAP starting with financial accounting. If you decide in favor of an all-in-one solution for all corporate divisions, we recommend the implementation of SAP S/4HANA with full functional scope. S/4HANA Finance provides extended financial functions for your finance and accounting tasks. This enables you to considerably simplify and accelerate your financial accounting processes and, consequently, reduce time and costs.

 

As an SAP partner with "Gold" status, FIS and its employees have more than 25 years of experience and know-how in integrating SAP into accounting. An experienced and professional team of consultants will assist you during the national or international implementation of SAP S/4HANA Finance. During implementation, FIS assists you from the first analysis steps and project preparations to the go-live of the system and offers continued and competent support. Whether or not you already use SAP software in other corporate divisions – FIS will also provide the interfaces and integration scenarios required for the connection to any non-SAP systems.

Efficient financial processes using SAP S/4HANA Finance

But why would you implement SAP S/4HANA Finance? The trendsetting in-memory database technology considerably simplifies the central processes and functions of finance and accounting. At the same time, the system offers numerous evaluation options based on real-time data and the combination of data from heterogeneous sources such as controlling, accounting and liquidity management. In this way, your company benefits from verifiable competitive advantages.

 

A user-friendly interface based on most different user roles simplifies working with S/4HANA. The real time-based HANA database can be used as a central data basis for all persons involved. This means that both the financial accounting and analytical controlling departments use the same document. Manual coordination is no longer required and financial reporting can be executed automatically at the same time – taking into account international regulations.

Your benefits when using SAP S/4HANA Finance

  • Financial closures in real time without batch processing:
    The real-time processing of data enables you to quickly view month-end, end-of-quarter and year-end closings with improved information. This also applies to the profit and loss statement, which makes future and time-consuming settlement runs unnecessary.
  • Single Source of Truth:
    The Universal Journal is a database including any kind of information. The future with SAP S/4HANA Finance means flexible reporting, rapid drill downs and considerably increased performance. Reconciliations and aggregates belong to the past.
  • Precise planning and forecasts:
    A single central database provides you with consistent and reliable data. Consequently, you will be able to estimate developments via forecasts and simulations at an early stage.
  • Comprehensive reporting and analysis functions:
    According to the user role, comprehensive and individually formatted real-time reporting options are available. As head of accounting, you create evaluations that are of interest to you.
  • Optimized link between controlling and accounting:
    The link between accounting and controlling is equally optimized as the data consistency between internal controlling and external reporting. The efforts for creating closures are significantly reduced with SAP S/4HANA.
  • Higher user acceptance:
    In the operating business, you benefit from the SAP Fiori app technology. Predefined apps for individual activities offer a completely new user experience: the workflows with SAP Fiori are easy, personalized and intuitive.

Scope of services of SAP S/4HANA Finance

  • General ledger accounting
  • Accounts receivable accounting and accounts payable accounting
  • Asset accounting
  • Bank accounting
  • Cash and liquidity management
  • Cost element and cost center accounting
  • Product cost controlling
  • Profitability analysis
  • Profit center accounting
  • Investment management

Our references – the best evidence

Further services by FIS for SAP S/4HANA

What are the advantages of SAP S/4HANA?

Today, data, metrics and processes need to be analyzed quickly and in real-time to provide a sound basis for future decisions and to make business execution easy to understand. S/4HANA is the ideal, cloud-based ERP software that brings immense added value to your business.

 

Learn more

Switching to SAP S/4HANA – 5 tips for preparing your migration

How to make your transition successful: For migrating the classic Business Suite to S/4HANA, there are some preparatory measures you can already take now. Furthermore, FIS offers a self-test helping you find out what transition scenario seems to be the most suitable one for your individual starting position (system conversion vs. new implementation). Start your preparations now!

 

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Higher process efficiency using SAP optimizations by FIS

SAP S/4HANA Finance provides companies with comprehensive finance and accounting services and optimizes their processes. Technical wholesale benefits from the all-in-one SAP S/4HANA Finance and FIS/wws solution, a retailing system individually tailored for wholesale. Please contact the FIS consultants by phone or via e-mail and get informed about the possibilities of SAP S/4HANA Finance.

Do you have questions? Please contact me!

Stefan Hinterwälder
Stefan Hinterwälder
Team Manager New Business