ifb Packaged Solution for S/4HANA Finance

Simplify and Accelerate your Transformation by an Industrialized Approach

ifb has developed Packaged Solution for S/4HANA as a key to kick start your transformation journey designed to standardize and digitize your finance functions and processes within the SAP S/4HANA Finance Solution. It comprises insights from a vast number of challenging projects that we brought to success through our company’s 30-year history in the Financial Services Industry.

Our Solution combines this wealth of experience with our proven REFRAMETM method offering all the key building blocks for your transformation pre-modelled in easy to consume pieces.

Common Challenges

Common Challenges

Companies in the Financial Services industry are facing the move to SAP S/4HANA Finance to update their current Finance solutions.
The move towards S/4HANA Finance enables them to digitilize, streamline and improve their current finance function and processes. However, existing ERP systems are usually the backbone within every organization and replacing them is often challenging because they are often configured according to the individual needs of the company. Custom developed functions are common and users are familiar with the current processes and functions of the systems are reluctant to embrace a change.

Thus, many companies are still anxious to replace a “well-oiled” machine by a supposedly costly transformation. But in the long run, avoiding change and improvement could be an expensive mistake. 

Our offering takes up these challenges by implementing an accelerated, reliable and hassle-free migration to S/4HANA with fast and tangible results, less effort and full transparency. 

Core Offering and Optional Extensions

Core Offering and Optional Extensions

Within the scope of our core offering, we implement selected and preconfigured use cases to kick start and accelerate the transformation process. These assets include preconfiguration of the major modules of S/4HANA Finance, documentation, test cases and test data accelerators. They also comprise test and go-live support and one month of hypercare through our experienced experts.

You will also benefit from the modular structure of our Packaged Solution for S/4HANA Finance by extensions that further simplify and enhance your accounting and closing process. They offer optional services and solutions such as:

  • GL Enhancements (Average Daily Balances, Multi Currency Accounting, Error Corrections & Suspense Accounting, …)
  • Transformation Compliance
  • Digitalization of Closing Process Framework / TOM
  • S/4HANA Group Reporting
  • SAP Financial Posting Gateway Connection
  • Embedded Analytics (Fiori)
  • Data Management
Speed up S/4 Migration by up to 30%

Speed up S/4 Migration by up to 30%

In current projects the solutions are tailored towards the clients detailed and specific requirements which need to be assessed in an often lengthy and costly process. We can do better using a best practice standard approach that substantially cuts down on both time and effort to deliver these requirements. 

By conducting projects applying ifb Packaged Solution for S/4HANA Finance we deliver our vast experience in the form of industrialized methods. This allows us to accelerate your project by an estimated 30% and to reduce resource constraints by quickly finalizing core use case requirements. The S/4 system is ready to be tested in approximately 16 weeks after the start of a project.

A guided workshop series captures deviations from best practices and client specific enhancements in a backlog. To ensure the solution is reliably build, the Packaged Solution use cases are prioritized with respect to these change requests. We are confident that our supporting integration testing and go-live approach can get the system ready in approximately 8-10 months.

Modular Package Extensions to Add Value

Modular Package Extensions to Add Value

ifb Packaged Solution for S/4HANA Finance is set up to offer optional, modular extensions to add value to our clients beyond the Finance Functions and make the most of their S/4 solution.

IFRS 17 | Accounting

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Financial Consolidation

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Flexible Financial Instruments Accounting

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IFRS 17 | Reporting

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Take the first step to an efficient and reliable S/4HANA Finance transition

We are confident that our Packaged Solution offers attractive advantages to our clients and we are eager to discuss more details with you.

ifb's Packaged Solution takes the guesswork out of planning, scoping and design for your S/4HANA projects.