How to Enable Intelligent Data Integration for SAP Central Finance

How to Enable Intelligent Data Integration for SAP Central Finance

Does your company need to capture financial data from multiple ERP systems for centralized reporting and processing?

SAP Central Finance Transaction Replication: Enabling Intelligent Data Integration

Watch this video to enable intelligent data integration using the
SAP Central Finance Transaction Replication application by Magnitude for SAP S/4HANA.

Magnitude SourceConnect (including the transaction, drill-down, and sync-back solutions) is now available globally through SAP as a Solution Extension, under the name SAP Central Finance Transaction Replication by Magnitude for SAP S/4HANA.

The application replicates transactions from SAP ERP and other ERP systems in SAP S/4 HANA for Central Finance foundation. It simplifies and accelerates transaction integration, unites data for processing and finance, accounting, treasury, compliance, and risk.

We’ll demonstrate a use case for achieving cost-effective finance implementations by eliminating complex data integrations.

Key highlights:

  • Capture and replicate every transaction posted to a source ERP system at a detailed level in near real time
  • Empower finance teams to drill down into data from non-SAP ERP systems, such as for period close analysis or to see shipping logistics
  • Enable shared services teams to centralize cash operations such as customer and vendor payments
  • Provide non-SAP ERP systems with a reliable way to clear open items closed in Central Finance.

Ready to learn how you can enable ERP systems to communicate quickly and effectively with SAP Central Finance, improve efficiencies, and achieve more agile faster finance operations?

Contact our data integration experts today – we would be happy to talk you through how to integrate non-SAP ERP data into your Central Finance implementation while delivering the full value of your Central Finance solution.

Check out additional SAP Central Finance resources in the Magnitude resource library.

SAPInsider 2020

Your Guide to Central Finance at SAPinsider 2020

Heading to SAPinsider 2020 in Las Vegas March 17-19? If SAP S4/HANA Central Finance is on your horizon, you won’t want to miss these sessions featuring: Central Finance solution experts, live Central Finance customers, and the 3rd party data integration experts from Magnitude SourceConnect.
Tradeshow Postcard SourceConnect NCF2Did you know over 90% of companies have non-SAP data sources? If you’re considering the move to SAP S4/HANA Central Finance, you need an effective and efficient way to integrate third-party data sources into SAP S/4HANA. That means bringing in all central finance-relevant data to allow for a powerful, centralized operation to gain the necessary insights and drive efficiencies.

Enter Magnitude SourceConnect. Our pre-built solution paired with SAP S/4HANA for the central finance foundation empowers businesses to achieve full finance transformations faster than ever before.

Magnitude SourceConnect (including the transaction, drill-down, and sync-back solutions) is now available globally through SAP as a Solution Extension, under the name SAP Central Finance Transaction Replication by Magnitude for SAP S/4HANA.

Attend these featured SAP S/4HANA2020 and Financials sessions to hear the customer and expert insights.

Tuesday, March 17 

11:30am – 12:30pm
Central Finance – Customer Adoption Stories: Lessons Learned and Experiences from Our Key Customers

  • Speaker:
    • Carsten Hilker, SAP 

1:10pm – 1:30pm
Impact 20: How to Integrate Third-Party Data into SAP S/4HANA for Central Finance

  • Speakers:
    • Carsten Hilker, SAP
    • John Hume, Magnitude SourceConnect
    • Doug Corpuel, Magnitude SourceConnect

2:30pm-2:50pm
Impact 20: Master Data & Harmonization: Achieving Success with your SAP Central Finance Deployment

  • Speakers:
  • John Hume, Magnitude SourceConnect
  • Doug Corpuel, Magnitude SourceConnect

3:50pm-4:40pm
Customer Spotlight: How Cargill successfully integrated 3rd party data into SAP Central Finance

  • Speakers:
    • Ross Martin, Cargill
    • Laurinda Mejia, Cargill
    • Patrick Nagel, Cargill
    • Jim Louys, Magnitude SourceConnect

Wednesday March 18 

1:20pm-2:10pm
How to address 3rd party data requirements in your Central Finance deployment

  • Speakers:
    • Carsten Hilker, SAP
    • John Hume, Magnitude SourceConnect
    • Doug Corpuel, Magnitude SourceConnect

4:00pm-4:40pm
Create a Single Source of Truth with the Universal Journal 

Thursday March 19 

9:00am- 9:50am
A Primer on the Central Finance Deployment Option: Discover Key Intelligent Enterprise Capabilities

  • Speaker:
    • Carsten Hilker, SAP

11:40am- 12:30pm
Tips for Efficient Finance Processes in SAP S/4HANA with Process Centralization

  • Speaker:
    • Carsten Hilker, SAP

Visit Magnitude SourceConnect at booth #524 and our experts will demonstrate how to integrate non-SAP ERP data into your Central Finance implementation while delivering the full value of your Central Finance solution.

Take your SAP Central Finance to the Next Level with Magnitude

Ready to take your SAP S4/Hana Central Finance projects to the next level? Magnitude SourceConnect and Z Option are both proud sponsors of the TA Cook SAP Central Finance events:

International SAP Conference on Central Finance in Berlin [September 18-19, 2019]

North American SAP Conference on Central Finance in Chicago [October 15-16 2019]

Curated for finance professionals for both new and existing SAP customers, hear how you can transform your finance data ahead of the pack and drive business success. You’ll hear from live the SAP Central Finance solutions owners, live Central Finance customers and live Magnitude customers about how to make the most out of your investment.

Our Magnitude SourceConnect team will demonstrate our suite of applications, co-innovated with SAP, for seamless integration of 3rd party data into Central Finance by streamlining key aspects of the data integration process.

Irrespective of the number and mix of source systems you are considering incorporating into SAP Central Finance, our data integration experts can talk you through you how to reduce time to benefit as well as reduce initial and ongoing development and maintenance costs.

Incorporating an off-the-shelf solution that’s built on architecture validated and supported by SAP assures that you will achieve the fastest, lowest cost, and lowest risk implementations of SAP S/4HANA Central Finance.

Registration is open for both the Berlin event and Chicago event!

Interested in learning how to integrate non-SAP ERP data into your SAP S/4HANA Central Finance implementation? Magnitude SourceConnect can help! Request a demo

sap-insider-banner

Benchmark Report Findings: State of SAP S/4HANA Finance Market

Those considering making the move to SAP S/4HANA Central Finance are drawn by the appeal of having a powerful, central system to aggregate all financial information for improving financial reporting and visibility across a diverse ERP landscape.

But to truly reap the benefits of your SAP Central Finance migration, you need an effective and efficient way to interface data from multiple source systems. This is where SourceConnect is needed. Magnitude SourceConnect is co-innovated with SAP to connect SAP S/4HANA Central Finance with any 3rd party data source.

Magnitude-sap-insiderWe’ve partnered with SAPinsider on this benchmark report that offers insights into how and why companies are making the move to SAP S/4HANA Finance, key customer outcomes and actions needed to drive greater value from your Central Finance project.

Download the Report

Key topics:

  • Learn how early adopters have structured their business case to align with key finance accounting pain points and overall business strategy
  • Discover the key deployment decisions they grappled with such as whether to choose the Central Finance deployment option and how to evaluate greenfield or brownfield deployment
  • Understand what pushed the early adopters to take the plunge and what’s holding back companies who have plans to move forward
  • Find out how SAP S/4HANA Finance can simplify and streamline core finance and accounting processes and support planning and reporting functionality
  • Understand how SAP S/4HANA Finance can simplify and streamline core finance and accounting processes and support planning and reporting functionality
  • Learn why organizations need to expand their perspective when thinking about how SAP S/4HANA can drive value to their business, and what issues finance teams need to consider when planning for the project

If you are considering the move to SAP S4/HANA Central Finance, Magnitude can help! Let our data integration experts talk you through how to integrate non-SAP ERP data into your Central Finance implementation, while delivering the full value of your Central Finance solution. Click here to request information about Magnitude SourceConnect for SAP Central Finance!

SAP Central Finance Exchange: Customer Insights 2019

In June 2019, Magnitude SourceConnect, TruQua, and SAP collaborated to host the annual Central Finance Exchange. This year’s event in New York City included 40 finance and IT professionals across 11 companies all using SAP S4/HANA Central Finance. Attendees were given the opportunity to share their experiences relating to their SAP Central Finance deployments in addition to their upcoming plans for future innovation. Read more

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Join Magnitude at SAPPHIRE NOW – ASUG Annual Conference 2019

Attending SAPPHIRE NOW in Orlando, May 6-9? Join our Magnitude product experts to learn how we are driving productivity and bringing more value to SAP users. Read more

The Central Finance Journey: Why Proper Data Integration is Essential for Driving More Value from Reporting to Shared Services

Adopting SAP Central Finance as part of your finance transformation starts a journey that can bring tremendous value to your organization.  SAP promotes Central Finance as a platform that greatly improves financial reporting and visibility across a diverse ERP landscape.  And most customers are now moving toward shared service centers, with Central Finance serving as the key enabler to optimize business processes such as intercompany, consolidations, and vendor and customer payments into a single financial application. Read more

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Five New Application Data Management Innovations in 2018

As we reflect upon 2018, it’s been a tremendous year of technology innovation and product momentum for Magnitude. We’ve invested in significant capabilities to help businesses address mission critical challenges across the enterprise data lifecycle. Read more

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 below to learn more about: Read more

Customer-Findings-from-the-SAP-Central-Finance-Exchange

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