Smart Accounting with SAP Finance and Controlling
Legal and tax requirements, logistics process adjustments, company-wide harmonized processes and data as well as increasing automation are constantly challenging reporting.
CFOs and their teams are constantly facing various challenges. What's more, these changing requirements demand new tools. In addition, technological advances in applications are leading to processes, master data and organizational structures having to be rethought and redesigned. The technology factor - in particular the use of innovative and strategic tools such as S/4HANA Finance - is a key success factor in the transformation of the finance sector.
We solve your Challenges
A uniform view in accounting - integrating finance and controlling
We ensure that you have access to coordinated and standardized data in finance and controlling, thus guaranteeing the “single source of truth approach”.
Real time and on the fly Reporting
The Virtual Data Model is based on the new HANA tables and enables new reporting options on S/4HANA thanks to a large network of virtual data models. This makes it possible for your end and key users to operate reporting more efficiently and in a more targeted manner.
Minimize default risks and optimize credit management
Guarantee a comprehensive picture of your business partners and the risk of default to be expected. Automatically check creditworthiness when orders are entered and at the time of goods issue. This is the only way to reduce bad debt losses and assess business partners quickly and reliably.
Transparent presentation of the income statement
The account-based display eliminates time-consuming reconciliation work and relieves your specialist department. Real-time integration with financial accounting ensures consistent figures and increases the transparency of your accounting system.
More efficiency for debtors and creditors
Using the business partner in S/4HANA brings advantages. Take on the challenges of a business partner conversion and create more efficiency for your debtors and creditors in the long term.
The Finance and Controlling module is of central importance in the S/4HANA transformation.
Particularly in the context of a system conversion, organizational and system-related considerations have to be made and activities planned at an early stage in Finance. The conversion to Business Partner, the new asset accounting and the new general ledger are mandatory in S/4HANA and must be prepared accordingly. In addition, due to the technical changes in FI/CO, customizing and data must be migrated separately as part of the S/4HANA conversion.
CONSILIO supports your FICO projects
Business process analysis and process optimization
- Harmonization of structures and master data
- Analysis and adaptation of your finance and controlling processes (PTP, CTC, RTR and FP&A)
Implementation and transformation projects in the S/4HANA and ECC environment
One of the most significant changes in S/4HANA is the merging of internal and external accounting in the Universal Journal.
The new general ledger is not an option, but a must! The functionalities of parallel accounting and document splitting with the balance sheet and income statement presentation at BU level (including profit center and segment) known from the new general ledger are now being expanded to include the integration of accounting profitability analysis. In order to make meaningful use of these functionalities - and so that the IT implementation or S/4 transformation can deliver the desired added value and create a corresponding competitive advantage - the structures, master data and processes should be harmonized.
We offer you the following services on your path to S/4HANA:
Development of a roadmap and migration strategy for the switch to S/4HANA Finance. FICO should be seen as part of the overall strategy for the migration to S/4HANA. The activities in the FICO area are integrated into the overall project plan and should be considered in coordination with the IT strategy and the planned design and implementation in logistics.
FICO reengineering projects and introduction of new functionalities
- Redesign Management Reporting
- Implementation of the accounting profitability analysis (COPA) in S/4HANA
- Introduction of material ledger functionalities
- Implementation of the new credit management in FSCM
- Implementation of the new asset accounting in SAP
- E-invoicing
Migration of FICO master and transaction data
Migration of FICO master and transaction data. Both in general and from ERP to S/4HANA.