Considering an implementation of SAP Central Finance? Watch our new video

With 91% of surveyed SAP customers having non-SAP data sources, third-party data integration remains a hot-button issue.

If you have third-party data to integrate with SAP Central, note that we’ve just released a must-watch video on Magnitude SourceConnect for SAP. It’s for anyone considering an implementation of SAP Central Finance – especially if you want to streamline that implementation.

Watch our video here to learn more about: Read more

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Customer Findings from the SAP Central Finance Exchange

Earlier this month, Magnitude and TruQua hosted ‘The Central Finance Exchange’, where SAP Central Finance customers convened to share their perspectives and best practices. The attendees participated in a pre-workshop survey which highlighted valuable insights on a fundamental discussion theme: the need to deal with data from third party non-SAP sources. Read more

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3rd Party Data Solutions for SAP Central Finance: Build or Buy?

The first post in this series discussed the 5 types of data integration and the impact of data sources in enabling SAP Central Finance. This post considers the build vs. buy decision required to enable 3rd party data in SAP S/4HANA Central Finance. Read more

Data Integration for SAP Central Finance: Consider Your Sources

The first post in this series discussed the 5 types of data integration required to fully enable SAP Central Finance. This post considers the different sources that must be integrated.

Having established the 5 key integration requirements, let us now go a little deeper and consider the many source systems that may need to be integrated, and how they can be handled. First though, it is worth noting that most companies have a LOT of source systems. Part of the value of introducing Central Finance in the first place, is that financial systems are gathered over time, through acquisitions and reorganizations and they tend to be very ‘sticky’, meaning they are difficult to remove without a lot of concerted effort. So companies end up with many systems that comprise of many different versions and instances – and a deep need for Central Finance! Read more

Data Integration for SAP Central Finance: 5 Key Requirements

These days, one of the top challenges of corporate finance is to provide a simple and complete view of corporate financial information. Typically, this involves pulling information from multiple systems and finding some way to integrate it – typically intensive, manual, error-prone work that often falls short of the objective of the ‘simple, complete’ objective. Fortunately, SAP has introduced SAP S/4HANA Central Finance to solve this problem! The core value proposition of SAP Central Finance is that it can pull together data from multiple financial systems and present it in a single, unified system for maximum visibility and control – a worthy and most valuable objective, to be sure!

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Join Magnitude at the 2017 SAP Financial Excellence Forum

Attending the 2017 SAP Financial Excellence Forum? Join me, our VP of Product Marketing, Martin Boyd, SAP’s Carsten Hilker and other experts to learn how leading companies are transforming their financial management to make better decisions. Read more

Guide to Accelerating your SAP Central Finance Implementation

The value of using pre-built integrations for non-SAP data sources was the focus of a previous post on Third Party Integration for SAP Central Finance. Here is a follow-up, providing an overview of the main components of the Magnitude SourceConnect for SAP solution set, which provides solutions to both physical and logical data integration into SAP Central Finance: Read more

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Third Party Integration for SAP Central Finance

The allure of SAP Central Finance for Finance organizations to completely reimagine business processes for the digital age is compelling. SAP rightly claims some significant benefits from Central Finance and the impact of pulling together all financial information as a single source of truth is strategic and powerful.

In moving forward with your Central Finance implementation, you will quickly discover that SAP does not provide source system connectors for non-SAP data so the question of how to integrate ‘external’ source data quickly becomes a hot topic. Any company considering Central Finance has certainly done many system integration projects before, and at first glance it may seem natural to tackle this project as a typical in-house (or system integrator-led) custom development effort, but with a little consideration, you will see that is it not so simple, and that in fact, custom development is fraught with risk. Read more