The finance processes and technology platforms that have been utilized in the last 20 years are simply not agile enough for the digital economy. In the current connected world, new business models are limited by disconnected processes and legacy technologies, and enterprises can no longer wait until the end of the month to see results, or for the annual budget cycle to make investment decisions.
SAP S/4 HANA Finance simplifies the core of finance through a single source of the truth. All transactional and planning data is stored one time only, in one place only – the universal journal – so there is no more reconciliation, no more replication, no more aggregation. Instead, the SAP HANA platform provides a single source of the truth, which allows for a whole new level of visibility and operational efficiency across finance and the enterprise. The power of in-memory allows finance to perform at the speed of digital, that is, real time – with no more batch jobs, no more rigid system hierarchies, no more waiting for IT to deliver your reports.