CEOs today prioritize revenue growth and customer experience (CX) alongside cost control and profitability.
Finance managers and CFOs of the future and present need access to complete and forward-looking cash flow data to achieve these goals.
To achieve that Enterprises need real-time financial information to make better, more informed decisions, and technology must support end-to-end, real-time financial processes. Finance leaders must deliver clear, actionable, and forward-looking insights to business stakeholders and decision-makers.
S/4HANA for Financial Management is designed to remove traditional barriers between transactional, analytics and planning systems to provide instant insights and on-the-fly analysis using all levels of financial data.
It consists of a set of interconnected accounting and financial management functions that process real-time data from the business applications in an S/4HANA ERP Solution. A decision-maker, for example, can use it to model financial scenarios and build forecasts.
SAP S/4HANA Finance is part of S/4HANA, which is built on SAP HANA, SAPs in-memory database platform. By storing data in the computer's main memory rather than on disks, in-memory databases allow faster queries and can analyze more information in a timely way than the traditional databases that typically serve as the data repository of an ERP system.
With HANA at its foundation, S/4HANA integrates cross-organizational functions such as accounting and procurement into one system that combines records of business transactions with analytics.