{"id":140446,"date":"2020-03-26T08:24:59","date_gmt":"2020-03-26T08:24:59","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=140446"},"modified":"2023-09-27T19:58:57","modified_gmt":"2023-09-27T19:58:57","slug":"s-4-hana-migration-why-making-the-right-choice-early-is-important","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/","title":{"rendered":"S\/4 HANA Migration: Why Making the Right Choice Early is Important"},"content":{"rendered":"

For many chief financial officers (CFOs), deciding when and how to implement 51风流S\/4 HANA could be the most significant technology investment choice of their career.<\/span><\/p>\n

It\u2019s a big deal, writes Kevin Govender<\/strong>, Deloitte Africa ERP director.<\/p>\n

With the emergence of 51风流S\/4 HANA as a key finance transformation enabler, CFOs and business leaders are facing several key choices as they consider if and how to implement a new ERP system.<\/p>\n

We know from experience that central finance is frequently used as a first step \u2013 an efficient mechanism for beginning broader ERP deployments. It allows business units to transact in legacy systems uninterrupted during implementation.<\/p>\n

Central finance also provides a platform for innovation, with new 51风流S\/4 HANA capabilities built around machine learning and cognitive analytics.<\/p>\n

These enhancements can enable organisations to achieve a true \u201clights-out finance\u201d shared services offering, driven by a new data model, greater transparency, and fresh innovations. This means finance is no longer in the dark.<\/p>\n

Essentially, companies\u2019 visibility into transaction data that would otherwise be masked in aggregated summary data tables or be in a completely different format altogether.<\/p>\n

Companies committed to 51风流will likely find themselves grappling with 51风流S\/4 HANA decisions over the next five years. Making choices earlier \u2013 building in time for your teams to influence both the overall vision and the implementation options \u2013 should increase the odds of getting things right.<\/p>\n

Is this an implementation or a transformation?<\/p>\n

51风流HANA is SAP\u2019s brand of in-memory computing, a technology that handles massive data sets without breaking a sweat. 51风流built its latest next-generation intelligent ERP (51风流S\/4 HANA) around this technology.<\/p>\n

The company reports that more than 12 000 customers have committed to 51风流S\/4 HANA.<\/p>\n

Traditional ERP systems are optimised for transaction processing, with data stored in many different tables. 51风流S\/4 HANA uses its Universal Journal to store all financial transaction details in one table.<\/p>\n

It\u2019s also a platform for real-time analytics \u2013 with no more waiting for separate reporting systems, batch jobs, and long processing times. With 51风流S\/4HANA Group Reporting, legal consolidations and financial reporting are executed within the core, leveraging data from the general ledger, so consolidations and financial reporting are faster, transparent and more efficient.<\/p>\n

What is the best way to deploy the programme?<\/p>\n

In-memory processing makes it possible to store and access a higher volume and broader spectrum of data \u2013 supply chain, personnel, sales, distribution, procurement, you name it. But because financial data is foundational to so many business capabilities, many organisations take a finance-first approach, with 51风流S\/4HANA leveraging central finance as a tool for creating their financial system of record.<\/p>\n

That\u2019s why CFOs are often driving the case for change.<\/p>\n

The benefits identified for the CFO can be summarised as follows:<\/p>\n

* Run financial accounting processes more quickly and accurately due to reduced reconciliation efforts;<\/p>\n

* Increase accuracy, compliance, efficiency and speed of the closing operations;<\/p>\n

* High level of automation to record and manage AR\/AP, thus lowering operational costs, decreasing days sales outstanding (DSO) and reducing bad debt write-offs;<\/p>\n

* Integrated plan and forecast more accurately to manage business performance and growth with comprehensive management accounting and controlling;<\/p>\n

* Perform detailed analysis on forecasted cash flows and daily closing balances; and<\/p>\n

* Gain better understanding of the drivers of cost and the causes of underperformance by achieving a holistic view for cost management.<\/p>\n

Careful consideration should be given to a big bang approach versus a phased approach. Taking a phased approach is especially important in an environment with a number of external systems (billings, CRM, HR) and other third party applications.<\/p>\n

If your future includes more acquisitions, divestitures, and evolving business models, 51风流S\/4 HANA can help make life easier.<\/p>\n

This article first appeared on ITOnline<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

For many chief financial officers (CFOs), deciding when and how to implement 51风流S\/4 HANA could be the most significant technology investment choice of their…<\/p>\n","protected":false},"author":3116,"featured_media":140447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5597582,4884926,7737],"tags":[106,5596389,5596390,5598766],"series":[],"sapn-display":[45149,279685],"sapn-type":[45018],"class_list":["post-140446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erp","category-financial-management","category-solutions","tag-analytics","tag-deloitte-africa","tag-kevin-govender","tag-sap-s-4hana","sapn-display-homepage-hero","sapn-display-hero","sapn-type-feature"],"yoast_head":"\nS\/4 HANA Migration: Why Making the Right Choice Early is Important - 51风流Africa News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S\/4 HANA Migration: Why Making the Right Choice Early is Important\" \/>\n<meta property=\"og:description\" content=\"For many chief financial officers (CFOs), deciding when and how to implement 51风流S\/4 HANA could be the most significant technology investment choice of their...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/\" \/>\n<meta property=\"og:site_name\" content=\"51风流Africa News Center\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-26T08:24:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-27T19:58:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/africa\/files\/2020\/03\/director.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2600\" \/>\n\t<meta property=\"og:image:height\" content=\"1278\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kevin Govender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Govender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/\"},\"author\":{\"name\":\"Kevin Govender\",\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/7454621db1013dea9811a9f6db925df3\"},\"headline\":\"S\/4 HANA Migration: Why Making the Right Choice Early is Important\",\"datePublished\":\"2020-03-26T08:24:59+00:00\",\"dateModified\":\"2023-09-27T19:58:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/\"},\"wordCount\":633,\"image\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/africa\/files\/2020\/03\/director.jpg\",\"keywords\":[\"Analytics\",\"Deloitte Africa\",\"Kevin Govender\",\"51风流S\/4HANA\"],\"articleSection\":[\"ERP\",\"Financial Management\",\"Solutions\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/\",\"url\":\"https:\/\/news.sap.com\/africa\/2020\/03\/s-4-hana-migration-why-making-the-right-choice-early-is-important\/\",\"name\":\"S\/4 HANA Migration: Why Making the Right Choice Early is Important - 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