VIDEO: An Intelligent New Way to Integrate Master Data into SAP Central Finance

How to Harmonize and Integrate Master Data into SAP Central Finance

Tackling the various configurations and master data – essentially creating target definitions and providing a translation from diverse sources so they can “talk” to Central Finance – can be manual, tedious and time-consuming.

Enter SAP Central Finance Data Harmonization by MagnitudeThis solution brings source master data records into Central Finance and the SAP Master Data Governance foundation that comes with Central Finance.

Watch this short video to learn an intelligent new way to harmonize and integrate master data into SAP Central Finance.

Specifically, SAP Central Finance Data Harmonization by Magnitude provides end-to-end integration of the core master data that is relevant for Central Finance, including source-specific extractions for SAP and non-SAP systems, data profiling, intelligent harmonization, and automated loading into Central Finance.

The value you receive from Central Finance will depend on successfully implementing its various capabilities, from centralized reporting to shared services.

Among the key benefits:

  • Attain higher business value in your Central Finance deployment
  • Accelerate your time to value
  • Lower initial and ongoing integration costs
  • Reduce the risks associated with connecting your source systems with Central Finance

Want more information? Dive deeper into the Magnitude solutions built specifically for SAP Central Finance or visit the Magnitude SAP Central Finance resource library.

How to Optimize Your SAP Central Finance Deployment to Maximize Performance and Value

How to Optimize Your SAP Central Finance Deployment to Maximize Performance and Value

Many enterprises with complex ERP landscapes look to SAP S/4HANA Central Finance to pull transactions and data together to streamline and transform finance. However, building your own software to integrate and consolidate transactions and data can be complex and costly, and it involves long-term timelines and ongoing project lifecycles.

To unlock the full value and capabilities of central finance – without the expense, effort, and risk of ongoing custom development, businesses can now turn to our Magnitude offering that’s co-innovated with SAP.

The SAP® Central Finance Transaction Replication application by Magnitude for SAP S/4HANA® speeds up the integration of third-party ERP systems and SAP solutions. Specifically, the application connects and normalizes transactions from third-party sources in real time and provides visibility of non-SAP operational details to help you make the most of the SAP S/4HANA solution for central finance.

Read the SAP Solution in Detail

Download the SAP Solution in Detail guide for insights on optimizing your central finance deployment to maximize performance and value and uncover the benefits from our solution.

Among the key benefits:

  • Facilitate and accelerate data integration for SAP Central Finance
  • Simplify your approach to integrating transactional data with a proven advanced application
  • Reduce the cost, risk, and effort of building your own custom integration software
  • Enable flexible, intelligent finance operations

Read the SAP Solution in Detail

Want more information? Dive deeper into the Magnitude solutions built specifically for SAP Central Finance or visit the Magnitude SAP Central Finance resource library.

join Magnitude at SAP central Finance live 2020

Automate and Streamline SAP Financial Operations with Magnitude Solutions

Join us at the SAP Central Finance Live Event, part of the SAP Finance and Risk Live Series, on October 13-15 for fresh insights on automating and streamlining financial operations from Magnitude SourceConnect and Magnitude Z Option experts.

The SAP Finance and Risk Live Series is FREE for attendees and allows access to all live keynotes/general sessions, and the virtual showcase, along with 30-day all access to on-demand sessions and materials. Register here for your free pass.

SAP’s Finance and Risk Live 2020 provides finance and risk professionals the opportunity to participate in a series of six virtual events covering:

sap financial blog

Find out how we’re enabling fast, low-cost and low-risk integration of third-party data and master data into SAP Central Finance by streamlining the data integration process with our Magnitude SourceConnect solutions now available globally through SAP as Solution Extensions:

For accounting teams looking to close the books faster and more efficiently, Z Option GLSU makes it easy for finance users to automate their everyday FICO processes utilizing Excel, resulting in improved data quality and increased productivity.

Featured sessions:

Live Presentation:  Learn How Newell Brands Improves the Business User Experience by Gaining Efficiency in their Finance Processes 

Tuesday, October 13
14:00 – 14:45 CET/ 8:00AM – 8:45AM EST

Speakers: Laura Petrie – Newell Brands, Tim Curtin – Z Option

Learn how Newell Brands leverages an excel-based solution to overcome obstacles with their custom upload program and automates their everyday data entry processes. Gain insight into Newell Brands’ international implementation experiences and learning processes. Discover new tips and tricks you can use to improve efficiency, accuracy and consistency of your finance team’s processes. Attendees will have the opportunity to:

  • Learn how to improve the business user experience resulting in increased efficiency and productivity
  • Discover how utilizing Excel to automate finance processes can free up your IT team to concentrate on other issues outside of finance
  • Leverage existing skills with a productivity tool owned by the Finance Department, eliminating extensive training
  • Gain access to new ideas to streamline the financial close process and relieve stress from the finance team

Live Demonstration:  Become a Financial Super Hero – Automating Processes to Remove Stress from Financial Close 

Wednesday, October 14
19:30 – 20:00 CET / 1:30PM -2:00PM EST

Speaker:  Tim Curtin – Z Option

The financial close is one of the most stressful periods of every Accounting team’s job.  In this demonstration you will learn how to streamline everyday processes as you navigate the new reality of a “virtual” financial close.  Our product automation expert will explore how to automate processes and improve productivity with a familiar tool – saving your business time by cutting days out of month-end close.  See firsthand how an Excel-based tool empowers Finance users to quickly create and customize their own templates in minutes, without a single call to IT.  Discover how you can pre-validate data before posting to SAP, returning any errors in a single report for easy reconciliation.  Learn how to close the books like a hero with Excel and run a stress-free finance operation. 

Live Presentation: How to Address 3rd Party Data Requirements in your SAP Central Finance Deployment 

Thursday, October 15
17:30 – 18:15 CET / 11:30AM – 12:15PM EST

Speakers: John Hume – Magnitude, Doug Corpuel – Magnitude, Carsten Hilker – SAP

Are you considering a move to SAP S/4HANA for Central Finance? Does your plan fully address how to integrate your existing non-SAP source system data into your Central Finance implementation? This session will offer expert insights into overcoming the common challenges encountered when integrating detailed transactional financial data from both SAP and 3rd-party ERP sources, and will prepare your team for the road ahead to a successful central finance deployment. Our expert presenters will:

  • Outline the business benefits that SAP S/4HANA Central Finance can bring to your organisation
  • Examine the complexities of building a solution for Central Finance and provide expert advice for enabling agile, intelligent finance operations
  • Explore the benefits of enabling intelligent data integration for Central Finance to improve efficiency and effectiveness
  • Share how to integrate transactional data into SAP S/4HANA for Central Finance, utilising an SAP solution extension to reduce cost and risk review recommendations that will help you achieve a speedy and successful Central Finance

Live Presentation: Tips & Tricks for Data Integration Success in SAP Central Finance

Thursday, October 15
19:30 – 20:00 CET / 1:30PM – 2:00PM EST

Speakers:  John Hume – Magnitude, Doug Corpuel – Magnitude

Considering the move to SAP S/4HANA for Central Finance? Have you considered how you plan to integrate your existing non-SAP source system data into your Central Finance implementation? Our data integration experts will give advice on overcoming the common challenges encountered when integrating detailed transactional financial data from both SAP and 3rd-party ERP sources. We’ll share how to integrate transactional and master data into SAP S/4HANA for Central Finance utilizing SAP solution extensions to reduce cost and risk, and provide recommendations that will help you achieve a speedy and successful Central Finance. 

Learn more about our data management and productivity solutions for SAP-run businesses here.

Visit with Magnitude experts in the Partner Showcase.  Meet with our SAP Finance experts and schedule a 1×1 meeting to address any questions you have or see a live demo.

Learn more about our data management and productivity solutions for SAP-run businesses here.

Automate and Streamline SAP Financial Management with Magnitude Solutions

Automate and Streamline SAP Financial Management with Magnitude Solutions

Join us at the SAP Insider Financial Management Virtual Summit on September 23-24 for fresh insights on automating and streamlining financial operations from Magnitude SourceConnect and Magnitude Z Option experts.

The SAP Insider Financial Management Virtual Summit is FREE for attendees and allows access to all live keynotes/general sessions, the virtual showcase, and the networking lounge, along with 30-day all access to on-demand sessions and materials. Register here for your free pass.

Key Conference Focus Areas and Agenda Tracks include:

Find out how we’re enabling fast, low cost and low-risk integration of third-party data and master data into SAP Central Finance by streamlining the data integration process with our Magnitude SourceConnect solutions now available globally through SAP as a Solution Extensions:

For accounting teams looking to close the books faster and more efficiently, Z Option GLSU makes it easy for finance users to automate their everyday FICO processes utilizing Excel, resulting in improved data quality and increased productivity.

Featured sessions: 

Live Session: Successfully Manage Data Integration Challenges within SAP S/4HANA Central Finance 

Wednesday, September 23rd
3:00 p.m.-4:00 p.m.

Speaker: John Hume, Solution Consulting Leader, Magnitude

When considering a move to SAP S/4HANA Central Finance, does your plan fully address how to integrate your existing non-SAP source system data and master data into your Central Finance implementation? Discover how adding SAP Solution Extensions by Magnitude for SAP S/4HANA can facilitate and accelerate data integration for your move to Central Finance. This session will offer expert insights into overcoming the common challenges encountered when integrating financial data such as including, transaction detail, error handling, reconciliation, and master data harmonization.

  • Examine the complexities of building a solution for Central Finance and receive expert advice for enabling agile, intelligent finance operations
  • Explore the benefits of enabling intelligent data integration for Central Finance to improve efficiency and effectiveness
  • Discover how to integrate transactional and master data into SAP S/4HANA for Central Finance utilizing SAP solution extensions to reduce cost and risk

On-demand session: Gain Control of your Journal Entry Uploading Processes to Achieve a Better End-User Experience

Speakers: Tim Curtin, Solution Specialist, Magnitude Z Option

This session explores how Z Option by Magnitude’s GLSU solution, with its integration between Microsoft Excel and SAP, can be leveraged to improve journal entry uploading processes and provide a better user experience. Through demonstrations, you will learn how to leverage GLSU to validate information, park or post your financial journal entries, and document the process automatically.

  • Learn how to streamline the Financial document posting process resulting in a shorter month-end close cycle
  • See how using GLSU’s pre-validation feature can improve audit processing with increased accuracy
  • Explore how to use Excel and GLSU to automate manual entries or replace in-house (custom) uploaders

Visit with Magnitude experts in the Partner Showcase and meet with our SAP Financial Management experts 1:1 in our 1:1 virtual meeting room to address any questions you have or see a live demo.

Learn more about our data management and productivity solutions for SAP-run businesses here.

making-central-finance-powerful

Guide to Managing Data Integration for SAP Central Finance Success

SAP S/4HANA Central Finance is gaining traction in solving one of the most urgent problems in the ERP landscape. It’s a powerful technology that provides dramatically enhanced visibility — and when fully implemented, opens the door to more efficient centralized processes.

bvbwp Central financeBut when you’re trying to bring in financial data from non-SAP ERP systems or add crucial functionality to make SAP Central Finance work better, a whole new realm of sophisticated integration is required. To create the most value possible, data integration must first be addressed. Thus, SAP Central Finance is only as powerful as the data that resides in it.

In this white paper, we explain the mastery of data transformation and data logistics for getting the most value from SAP Central Finance. This can be achieved with SAP Central Finance Transaction Replication by Magnitude for SAP S/4HANA to speed the process of implementing Central Finance successfully.

Key topics:

  • Understanding the key mechanisms of Central Finance
  • Defining ‘hydration’ and how Central Finance works at different levels of hydration
  • Overcoming three types of challenges: Semantic, Syntactic, and Logistical
  • Mapping the value of Magnitude’s Transaction Replication solution to your business
  • Achieving complete integration and hydration of data from source systems throughout the enterprise to drive business outcomes

 SAP Central Finance is a powerful tool for understanding and centrally managing a complex business, but its value is limited without proper data integration.

Want more information? Just visit the Magnitude SAP Central Finance resource library.

Introducing SAP Central Finance Data Harmonization to Speed Time to Value

New Master Data Foundation Shaves Months Off Central Finance Projects

Master data harmonization is one of the biggest central finance project obstacles. The complex data mappings required across multiple systems are difficult to understand and proper scoping is crucial for project success. Underscoring our commitment to the SAP Central Finance community, we’ve built a new solution specifically to solve this issue with the release of SAP Central Finance Data Harmonization application by Magnitude for SAP S/4HANA. 

We’ve automated the entire process of extracting and harmonizing data from multiple systems into one golden copy in central finance. In turn, our customers can now avoid months of work extracting and preparing their master data for central finance, saving significant time on their overall project. This is achieved through automation and machine learning within our Magnitude solution.

Specifically, the new harmonization offering for the SAP Solution Extension portfolio creates the master data foundation by providing the tools, methodology and automation of the process of extracting master data from SAP and non-SAP source systems.

Intrigued? Read our press release to learn more about the SAP Central Finance Data Harmonization features and how we’re empowering SAP-run businesses to improve efficiencies and achieve more agile faster finance operations.

Want more information? Just visit the Magnitude SAP Central Finance resource library.

Supporting Faster, Better, and More Cost-Effective SAP Central Finance Implementations

Supporting Faster, Better, and More Cost-Effective SAP Central Finance Implementations

The ability to collect all transactional ERP data, from both SAP and non-SAP source systems into one central instance of SAP S/4HANA is crucial for achieving SAP S/4HANA Central Finance project success.

In SAP Global Solutions Owner, Carsten Hilker’s latest blog, “What is SAP Central Finance Transaction Replication by Magnitude for SAP S/4HANA?”  he explains how Magnitude was chosen to be a SAP Solution Extension Partner, a highly selective SAP group, and the benefits of Magnitude’s Transaction Replication solution for Central Finance users.

“SAP did not provide connectors for non-SAP systems, but now with Magnitude as an SAP Solution extension, we do. Magnitude Transaction Replication speeds the integration of third-party ERP systems and SAP solutions. The application connects and normalizes transactions from non-SAP sources in real-time, provides visibility of non-SAP operational details, and enables your move to the SAP Central Finance. With this solution, you can support faster, better, and more cost-effective implementations.” 

Read the full article on the value that Magnitude brings to the SAP Central Finance community and how the solution works here.

For additional insights on how to integrate non-SAP ERP data into your Central Finance implementation while delivering the full value of your Central Finance solution, visit the Magnitude SAP Central Finance resource library.

Related Resources

Blog: The Smarter Path for Improving Efficiencies and Achieving Agile Finance Operations

Join Magnitude at SAP Insider 2020 Virtual Conference Experience

Get the Inside Track on how Magnitude is Empowering Finance Organizations

Join us at SAP Insider 2020 Virtual Conference Experience on August 18-21 to learn first-hand how Magnitude is empowering finance organizations and the SAP finance user.

Get the inside scoop on how we’re enabling fast, low cost and low-risk integration of third-party data into SAP Central Finance by streamlining the data integration process with Magnitude SourceConnect now available globally through SAP as a Solution Extension, under the name SAP Central Finance Transaction Replication by Magnitude for SAP S/4HANA.

For accounting teams looking to close the books faster and more efficiently, Z Option GLSU makes it easy for finance users to automate their everyday FICO processes utilizing Excel, resulting in improved data quality and increased productivity.

You won’t want to miss these featured Financials2020 sessions presented by Magnitude customers, solution specialists, and SAP experts: 

Empower your finance users to streamline processes while managing risk and compliance

Speakers:

David Jorden, Director, Global ERP Financial Solutions & Compliance, Callaway Golf
Susan Santos, Partner, Director of Compliance, Ogilvy
Tim Curtin, Solution Specialist, Z Option by Magnitude

Discover how Callaway Golf puts the power of spreadsheet template creation back in the hands of their finance team – going from large, complex templates to a more simple approach.  Learn how Callaway utilizes Excel to improve the efficiency of financial data entry functions such as entering invoices, accruals, and other recurring entries and simplify everyday business processes.  Hear how Ogilvy’s Finance Team automates business processes with a heavy focus on systems/business controls and audit – and how to manage risk and compliance.  Find out how Ogilvy’s use of an Excel-based tool, which provides seamless integration with SAP, allows better control in addressing Segregation of Duties.

  • Find out how leveraging Excel empowers Finance users to streamline time-intensive processes
  • See how to improve speed and accuracy by automating manual tasks
  • Discover how to spend less time preparing for audits by attaching associated documentation
  • Learn how using a tool that integrates with SAP can provide better compliance

________________________________________________________________________________

How to address 3rd party data requirements in your Central Finance deployment 

Speakers:

Carsten Hilker, Global Solutions, Owner, SAP
John Hume, Solution Consulting Leader, Magnitude
Doug Corpuel, Senior Director, Magnitude

Are you considering a move to SAP S/4HANA for Central Finance? Does your plan fully address how to integrate your existing non-SAP source system data into your Central Finance implementation? Discover how adding SAP Central Finance Transaction Replication Application by Magnitude for SAP S/4HANA can facilitate and accelerate data integration for your move to Central Finance. This session will offer expert insights into overcoming the common challenges encountered when integrating financial data such as transaction detail, error handling, and reconciliation, and will prepare your team for the road ahead to a successful central finance deployment.

  • Hear SAP’s Global Solution Owner, Carsten Hilker outline the business benefits that SAP S/4HANA Central Finance can bring to your organization
  • Examine the complexities of building a solution for Central Finance and receive expert advice for enabling agile, intelligent finance operations
  • Explore the benefits of enabling intelligent data integration for Central Finance to improve efficiency and effectiveness
  • Discover how to integrate transactional data into SAP S/4HANA for Central Finance utilizing an SAP solution extension to reduce cost and risk
  • Review recommendations that will help you achieve a speedy and successful Central Finance implementation
  • Understand how live SAP Central Finance customers have leveraged pre-built connectors to integrate detailed transactions from both SAP and third-party sources

________________________________________________________________________________

How to improve your journal entry uploading processes and provide a better end-user experience 

Speakers: 

Tim Curtin, Solution Specialist, Z Option by Magnitude 

This session explores how Z Option by Magnitude’s GLSU solution, with its integration between Microsoft Excel and SAP, can be leveraged to improve journal entry uploading processes and provide a better user experience. Through demonstrations, you will learn how to leverage GLSU to validate information, park or post your financial journal entries, and document the process automatically.

  • Learn how to streamline Financial document posting process resulting in a shorter month-end close cycle
  • See how using GLSU’s pre-validation feature can improve audit processing with increased accuracy
  • Explore how to use Excel and GLSU to automate manual entries or replace in-house (custom) uploaders

________________________________________________________________________________

How to achieve success in your SAP Central Finance deployment using master data & harmonization 

Speakers:

Carsten Hilker, Global Solutions, Owner, SAP
John Hume, Solution Consulting Leader, Magnitude SourceConnect
Doug Corpuel, Senior Director, Magnitude SourceConnect

Delivering value quickly in an SAP S/4HANA Central Finance deployment requires a practical focus on master data. The scope of Central Finance functionality dictates what master data is needed, and the resulting effort and time spent on configurations, master data definitions and mappings can significantly impact project complexity, duration and success. By leveraging automation and intelligent technologies, you can accelerate the master data phase of your project, and deliver higher value within Central Finance to your stakeholders.

  • Understand the relationship between SAP Central Finance scope, value and master data requirements
  • Recognize the challenges and pitfalls of the common methods used for master data integration and how to overcome them
  • Learn how the automation of key master data tasks can significantly accelerate your SAP Central Finance deployment and deliver more value, faster

Learn more about our data management and productivity solutions for SAP-run businesses here.

The Smarter Path for Improving Efficiencies and Achieving Agile Finance Operations

The Smarter Path for Improving Efficiencies and Achieving Agile Finance Operations

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

Then watch this video to learn how you can speed the integration of financial data with SAP Central Finance Transaction Replication application by Magnitude for SAP S/4HANA.

The application replicates non-SAP transactions into the SAP Central Finance repository using predefined technical mapping; connects and normalizes transaction details in real time; and loads financial data and documents, such as opening balances for customers, vendors, and general ledger accounts as well as historical transaction details.

With SAP Central Finance Transaction Replication, you can enable ERP systems to communicate quickly and effectively lower costs, improve efficiencies and rapidly achieve smarter, more agile finance operations.

Key highlights:

  • Connect to any source system and extract all components of each transaction from source database tables, including the general ledger and subledger and ensure document integrity.
  • Drill down into original SAP and non-SAP transaction and operational details with near-real-time access across all sources to gain improved visibility of financial data, and a better understanding of supporting information.
  • Seamlessly track status and changes to transactions and keep all of your systems in sync.
  • Detect new financial postings in real time using technology for change-data capture even when source systems are not available, to enable a shared-services model.
  • Keep up to date with the latest features and functionality, automatically accommodating recent releases and changes to SAP and non-SAP data models so you can avoid the time and expense of ongoing custom development.

Learn more about the SAP Central Finance Transaction Replication application or Magnitude solutions for SAP Central Finance.

Harnessing the Power of SAP Central Finance with Magnitude

Harnessing the Power of SAP Central Finance with Magnitude

SAP Central Finance offers new possibilities to unlock competitive differentiation and business optimization for finance organizations. SAP experts Craig Spielman and Bob Jenkins explain how finance teams can become a strategic partner to the business by leveraging the Universal Journal and SAP Central Finance to provide insights that improve the decision-making process.

This article highlights that Magnitude is the primary SAP partner specializing in connecting non-SAP ERP systems into SAP Central Finance via Magnitude SourceConnect.

SAP Central Finance

Read the full article on SAPinsider’s platform or access the content directly here for more insights on the data management services available in SAP Central Finance and deployment considerations to keep in mind, including:

  • How SAP S/4HANA innovations allow for continuous financial operations, analysis, and reporting
  • The value SAP Central Finance can provide on a global level and across SAP and non-SAP systems
  • Components of SAP Central Finance’s architecture

For more insight on how to integrate non-SAP ERP data into your Central Finance implementation while delivering the full value of your Central Finance solution, visit our resource library.