Tech Insights
Central Finance

Central Finance

Last updated , generated by Sumble
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What is Central Finance?

SAP Central Finance is a solution that allows organizations to create a central reporting instance of their financial data from multiple SAP and non-SAP systems. It replicates financial accounting documents from source systems into a central SAP S/4HANA system in real-time. This provides a single source of truth for financial reporting and analysis, enabling faster and more accurate insights, streamlined processes, and improved compliance. It is commonly used by organizations with complex IT landscapes and decentralized financial operations to consolidate and harmonize their financial data.

What other technologies are related to Central Finance?

Central Finance Competitor Technologies

An earlier version of S/4HANA Finance that was the predecessor to Central Finance functionality within S/4HANA.
mentioned alongside Central Finance in 33% (71) of relevant job posts

Central Finance Complementary Technologies

Accrual Engine functionality can be centralized in Central Finance.
mentioned alongside Central Finance in 80% (110) of relevant job posts
IFRS 15/16 reporting requirements can be addressed using data replicated to Central Finance.
mentioned alongside Central Finance in 98% (55) of relevant job posts
Advanced Profitability Analysis is enhanced by the centralized data provided by Central Finance.
mentioned alongside Central Finance in 98% (53) of relevant job posts

Which organizations are mentioning Central Finance?

Organization
Industry
Matching Teams
Matching People
Central Finance
Johnson & Johnson
Health Care and Social Assistance
Central Finance
SAP
Scientific and Technical Services

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