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.
For more information, press only:
Toll Free 1-866-466-3849