Magnitude SourceConnect 3.0 Enables Faster, More Cost Effective SAP® Central Finance Implementations

Solution Simplifies and Accelerates Data Integration with Third-Party ERP Systems, Lowering Risk and Increasing Transparency

Austin, TX – June 24, 2020 – Magnitude Software, provider of unified application data management and analytics solutions to enterprises around the world, today announced the release of Magnitude SourceConnect 3.0. Designed to accelerate the connection between SAP S/4HANA® for central finance foundation and distributed third-party systems, the solution replicates transactions and fast-tracks data integration. In addition, the solution reduces implementation timelines and risk by eliminating the need for custom development, enabling agile and unified finance operations.

Magnitude SourceConnect 3.0 provides finance organizations with complete visibility of data and traceability for audit and control reporting across source systems. An upgraded reconciliation framework provides a comprehensive set of reports that captures exceptions and variances as documents are interfaced from source systems to SAP S/4HANA. This feature helps prioritize issues resolutions and enables automated reprocessing of documents in error.

“We’re continuously working to help our customers drive more value and productivity from their SAP deployments,” said Bas Kamphuis, General Manager, Productivity for Magnitude Software. “Our latest SourceConnect release further strengthens the integration of disparate ERPs to empower businesses to achieve full finance transformation. This achievement demonstrates our ongoing commitment to co-innovation alongside SAP.”

New and enhanced features include:

  • Expansion of supported ERPs to include Deltek Costpoint, QAD and Workday
  • Enhanced Drilldown to Operational Data enables efficient operational view of data from source ERPs
  • Additional support for the 1909 release of SAP S/4HANA, with a new interface enabling the link between open and cleared items
  • Master Data Harmonization now available for Cost Center, GL Account and Project/WBS entities in addition to Business Partners and Materials
  • SourceConnect Transaction is an SAP solution extension

SourceConnect is available as a solution extension under the name SAP Central Finance Transaction Replication by Magnitude for SAP S/4HANA.

Learn more about how Magnitude works with SAP.

About Magnitude Software

Magnitude’s transformative approach to unified application data management delivers vast operational efficiencies to business application data access, management, analytics and reporting for the modern enterprise. Magnitude’s portfolio of products includes: simplified application data access to any data source; data management solutions for SAP and commerce verticals; simplified master data harmonization and governance; and packaged application analytics and reporting solutions for SAP and Oracle. The company helps thousands of business users simplify management of their data and deliver on the substantial productivity gains these applications originally promised. For more information, please visit www.magnitude.com

Magnitude Software is a registered trademark of Magnitude Software, Inc. in the U.S. and other countries.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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Magnitude SourceConnect to Accelerate SAP S/4HANA® for Central Finance Foundation Implementations Globally

Magnitude SourceConnect delivers companion solution for businesses that use SAP S/4HANA for central finance foundation to speed integration of third-party data

Austin, TX – December 5th, 2019 – Magnitude Software, a leader in delivering unified application data management to global organizations across industries, today announced that its pre-packaged software solution – Magnitude SourceConnect – is available to help accelerate implementations of SAP S/4HANA® for central finance foundation. Leveraging Magnitude’s pre-built solution with SAP S/4HANA for central finance foundation, businesses may be able to achieve full finance transformations faster than ever before.

Chris Ney, Founder, Chairman & CEO, Magnitude Software said, “This announcement represents a pivotal moment for Magnitude to lead the charge as a provider of third-party data integration for central finance. With hybrid ecosystems as the new normal for next-generation financial operations, Magnitude SourceConnect enables businesses that use SAP solutions to bring in all central finance-relevant data, allowing for a powerful, centralized operation to deliver insights and drive efficiencies.”

Magnitude’s SourceConnect can help accelerate the connection between the central finance instance and other distributed systems in the customer’s landscape, most importantly, in third-party ERP Pre-built connectors can help fast-track integration, potentially reducing implementations from 6-12 months down to 15-20 days by eliminating the need for custom development.

After completing a solution extension approval process, which included technical diligence and customer validation, Magnitude SourceConnect is now available globally through SAP. SAP will resell the Magnitude SourceConnect suite of products, including the transaction, drill-down, and sync-back solutions, under the name SAP Central Finance Transaction Replication by Magnitude.

“Magnitude SourceConnect has proven its ability to help solve complexities of integrating third-party data sources into SAP S/4HANA for central finance foundation and has potential to vastly accelerate implementations for businesses,” said Martin Naraschewski, senior vice president, general manager, Head of Line of Business Finance for SAP.

Magnitude SourceConnect (and SAP Central Finance Transaction Replication by Magnitude) offers key data integration functionalities including:

  • Transaction replication: Connects and normalizes detailed transactions from non-SAP sources in real-time
  • Sync-back: Enables write-back to source for shared service processes
  • Drill-down: Provides drill-down to non-SAP operational detail
  • Reconciliation reporting: Tracks status and changes to data through the replication and posting processes

For more details, visit www.magnitude.com/SAP.

About Magnitude Software

Magnitude’s transformative approach to unified application data management delivers vast operational efficiencies to business application data access, management, analytics and reporting for the modern enterprise. Magnitude’s portfolio of products includes: simplified application data access to any data source; data management solutions for SAP and commerce verticals; simplified master data harmonization and governance; and packaged application analytics and reporting solutions for SAP and Oracle. The company helps thousands of business users simplify management of their data and deliver on the substantial productivity gains these applications originally promised. For more information, please visit www.magnitude.com

Magnitude Software is a registered trademark of Magnitude Software, Inc. in the U.S. and other countries.

SAP, SAP S/4HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.