ifb unfolds your organizations full potential with SAP S/4HANA® Finance
The rise of the digital economy - in conjunction with a highly volatile economic and regulatory environment - calls for finance professionals who respond to these new challenges by redesigning and innovating processes, methods and mindsets to remain a robust backbone for their organization. Decades of ‘business-as-usual’ have caused legacy technology platforms and processes to become stagnant and static, unable to respond to the changing environment quickly.
As the digital era unsettles the business, pioneering finance organizations expedite their efforts to shape and influence the digital transformation actively. Consequently, agile ERP systems and finance processes enable financial professionals to cope with these challenges, meet demanding business requirements, and drive improved performance in the digital era.
SAP S/4HANA® Finance:
A crucial tool to streamline processes, mitigate risks and transform decision making
With S/4HANA Finance,
SAP developed a breakthrough new technology that facilitates the acceleration of your digital transformation journey. By tapping into the power of the innovative in-memory computing platform, SAP S/4HANA® Finance offers several benefits:
- Optimized financial planning and analysis
Fasten your planning cycles and perform ad-hoc financial analyses at any granularity level or create what-if simulations directly within your ERP system.
- Enhanced accounting and financial close processes
Consolidate financial and management accounting and profitability data in a unified universal journal to facilitate a single source of truth. Close the books in near real-time, mitigate closing effort and strengthen overall control and compliance.
- Consolidated accounting for financial products
Merge disperse data silos into a central hub to simplify the management of financial product data between operating and financial systems by utilizing a designated subledger that enables multi-GAAP, multicurrency, and multi-entity accounting.
- Effective management of business risks and compliance
Streamline business operations, safeguard assets and enhance your financial performance by proactively minimizing risks and compliance violations through the usage of an integrated and automated risk and compliance approach.
SAP S/4HANA® Finance will ultimately support finance leaders to streamline processes, proactively mitigate risks and transform decision making. Pioneering finance organizations have to move boldly to utilize these opportunities in order to retain their competitive success in the era of digital revolution.
From strategy to implementation: Make a difference with ifb group
For the past 30 years, we have provided innovative and tailored services and state-of-the-art IT applications to our clients in response to the complex challenges posed by financial and risk management. As an internationally operating consulting firm, we successfully serve banks, insurance companies, industrial, trade and service companies on a global scale. By integrating S/4HANA® Finance into our service portfolio, we continue providing outstanding value to our clients.
Ample conceptual and field-proven experience in the fields of in-memory databases (i.e., SAP HANA database), Financial Products Subledger (FPSL), and Group Reporting ensure that our experts envision and implement end-to-end solutions that are tailored precisely to the clients objectives. We will provide our clients with comprehensive support throughout the entire process, from strategy to implementation.
Twenty years’ of experience in the implementation of SAP analytical banking solutions has taught us to quickly distinguish between options that work and those that do not achieve their full potential. Thus, we use industry best practices and benchmarks to guide our clients in selecting and implementing an SAP S/4HANA® Finance solution that suits their distinct needs.
To learn how ifb can help you leverage SAP S/4HANA® Finance to address your business challenges, contact us: Marius.Friedrich@ifb-group.com