The switch to S/4HANA forces a realignment of consolidation. Here's how to safeguard continuity and improve performance.
The switch to SAP S/4 HANA is imminent and requires a realignment of financial consolidation. And it’s important to find a group accounting solution that fits seamlessly into the new infrastructure. Today a comprehensive corporate performance management platform is a must because it allows you to maintain continuity, accelerate the close and preserve auditability throughout the switch.
This white paper outlines the essential criteria for selecting a consolidation solution for the S/4HANA era, and explains why CCH Tagetik Financial Close & Consolidation is designed to work seamlessly alongside S/4HANA.
SAP S/4HANA switch: challenge and opportunity
The S4/HANA conversion is a great opportunity to put the whole finance process to the test while enhancing data logistics and data quality. As organizations changeover to S/4HANA four consolidation priorities emerge:
- A corporate performance management (CPM) approach to consolidation
- Integration with S/4HANA
- Advanced technology
- Scalability
Download the white paper for a detailed analysis of these four requirements.
What criteria matter when selecting a consolidation solution for the new S/4HANA environment?
Based on organizations that have already completed the migration, the most critical evaluation criteria include:
- Uniformity beats integration
- Continuous expansion
- Maturity of the platform
- Interaction of financial and non-financial data
- Flexible handling of heterogeneous structures
- Artificial intelligence
Learn how these criteria apply to real world S/4HANA migrations in the full white paper.
Why choose CCH Tagetik for consolidation in a SAP S/4HANA landscape
Choose the CCH Tagetik Intelligent Platform to be your CPM power center. As a one-stop shop for finance, the CCH Tagetik Intelligent Platform streamlines all financial processes, from the financial close to consolidation, from planning to analytics, from data input to the final report.
CCH Tagetik Financial Close and Consolidation extends the scope of the financial close to cover new operational dimensions and adjacent processes, including account reconciliation, ESG, global minimum tax, and integrated disclosure.
CCH Tagetik is also ideally suited for collaboration with S/4HANA. The platform fits seamlessly into the S4/HANA ecosystem and offers the flexibility required to manage heterogeneous structures.
