SAP S/4HANA Finance

With the office of the CFO in mind, S/4HANA Finance removes the traditional boundaries between transactional, analytical and planning systems to deliver instant insights with on-the-fly analysis across all dimensions of financial data. Powered by the SAP HANA in-memory database, SAP S/4HANA Finance is a comprehensive set of financial management and accounting solutions covering:

  • Financial Planning and Analysis
    • Embed your end-to-end planning process and use real-time operational data to eliminate time lags and redundancy
    • Run on-the-fly financial analysis at any level of granularity using a single table in-memory
    • Support the entire financial planning lifecycle – including development, updates, and reporting
    • Create ad hoc simulations of organizational changes or new business models directly in your ERP system
  • Account and Financial Close
    • Execute closing tasks and inter-period processes in real time
    • Run real-time reporting with complete drill-down by any dimension
    • Use a single, unified data model to simplify processes, increase productivity, and reduce risk
    • Easily execute depreciation runs with simplified processing logic and data structures
    • Leverage line item postings for every single asset, allowing for detailed reporting
  • Treasury and Financial Risk Management
    • Integrate cash flow analysis
    • Integrated business planning, including liquidity planning lifecycles
    • Take advantage of comprehensive central bank account management
    • Get real-time visibility of bank balances and currency exposures
    • Increase executive engagement with an intuitive and modern user interface (UI)
  • Collaborative Finance Operations
    • Monitor customer payment behavior in real time
    • Make proactive decisions with exception-based receivables management
    • Determine a customer’s top line contribution with simplified analysis
    • Improve reconciliation and analysis with intuitive search functions and usability
    • Use relevant, real-time data to shape customer interactions
  • Enterprise Risk and Compliance
    • Process high volumes of data to enable real-time fraud detection at the transaction level
    • Centralize fraud management to optimize investigation and monitoring
    • Minimize false alarms by calibrating detection strategies and running real-time simulations
    • Model detection strategies and carry out a simulation to predict new fraud patterns
    • Harmonize data to expose potential duplications or erroneous, fraudulent entries

About Echelon’s Offering

Echelon was fortunate to have the initial crop of Finance experts as the product was being developed. Seasoned professionals such as Frank Rullo and Paul Mercer have joined the team to lead the financial tower practice with many successful implementations. This expertise has allowed us to build strategies for global firms interested in:

  • Universal ledgers
  • Easy consolidations
  • Global rollouts
  • Shared services
  • Much more!

Contact us to explore your cloud-based journey with a free digital discovery workshop!