International Conference on Central Finance 2018 Central Finance Roadmap. September 13 th, 2018 Stefan Fischer, Head of Central Finance Development

Transcription

1 International Conference on Central Finance 2018 Central Finance Roadmap September 13 th, 2018 Stefan Fischer, Head of Central Finance Development

2 Top 3 Challenges & Opportunities for CFOs in 2018? A u t o m a t i o n D i g i t i z a t i o n Optimization of Planning & Forecasting Source: Rethink Corporate Finance 2018 survey of 157 CFOs by i.conect

3 SAP Strategy Deliver the Intelligent Enterprise Manufacturing & Supply Chain Digital Core People Engagement 1 Intelligent Suite Customer Experience Network & Spend Management Integrated Applications Intelligent Technologies 2 Digital Platform AI/ML IoT Analytics 3 Intelligent Technologies Digital Platform Cloud Platform Data Management 3

4 Intelligence Enterprise Suite with Central Finance Single Source of Truth, Integration, and Business Automation Multi-ERP S/4 S/4 ECC S/4 Non SAP S/4 Shared Services Central Finance People Engagement SAP Digital Payments SAP for Credit Integration SAP Cash Application Customer Experience Integrated Applications Spend Management Shared Service Automation Tax Compliance Business Integrity Screening Goods-receipt / invoice receipt monitor Cloud Platform Digital Platform Data Management Global Tax Management Continuous Close Predictive Accounting Digital Assistance 4

5 Vision of the intelligent Enterprise with Central Finance Corporate Finance Platform Technology Foundation Planning, Reporting & Compliance Central Finance Operations & Shared Services Central Close Governance & Group Wide Standards Live Finance Reporting Financial Planning Prediction & Simulation Tax Reporting & Compliance Credit, Collections & Dispute Invoice Verification & Central Payments Intercompany Cash & Liquidity Management Treasury Central Asset Accounting Orchestration of Closing Central Closing Activities Group Consolidation & Statutory Reporting 5

6 Central Finance Roadmap September 2018 Onboarding and Operations Simplified non-sap integration via 3rd party interface Extended S/4H Cloud scenario for Central Finance Central Reporting Improvements for Profitability Analysis in central unified journal Central Profit Center reporting, incl. manual posting from EC-PCA. Group Reporting for Central Finance Central Processing Central AP/AR payment processing (entry level scope) Down payment processing for Central Payments Withholding tax for Central Payments (US, GER) Onboarding, Operations and Simplifications Increased flexibility for the initial load process Improved initial load optimized for S/4HANA source systems Central reversal and reposting Custom checks for consistency check report Central Reporting Central Projects: Settle to assets in central finance and assets under construction. Central Processing Central payment scenario (enhancements) Central down payment handling for procurement processes Deferred tax for central payments (w/o country specific requirements) Onboarding, Operations and Simplifications Continuous improvements & adoption accelerators Central Reporting Special Ledgers replication & reporting Predictive finance scenarios Central Processing Central AP/AR payment processing (extended) Central indirect tax reporting Localized tax reporting with Central Payment for core countries Central Close Central orchestration with Closing Cockpit (Cloud App) Intercompany reconciliation Central purchase order accruals Recent Innovation Planned Innovation Future Direction 6

7 Highlights from Recent Releases Central Payments S/4HANA 1709 Reporting on Projects (WBS) Central Profit Center Accounting Central Commitments Central Finance information for users in local systems with Side Panels S/4HANA Cloud Subsidiary Scenario Improvements for implementation & operations, eg. configuration consistency checks. Following slides See Appendix 7

8 Central Project Reporting (WBS) with Central Finance 1709 Benefits View on project portfolio across systems with drilldown analysis into individual project structures Focus on financial reporting as provided by Project Work Breakdown Structures (WBS) Retain full control on operative project management in local systems Report on project dimensions with costs, revenues CF-1000 $ $ CF CF $ $ CF $ 8

9 Central Profit Center Accounting 1709 & 1809 Solution & Value Enable Profit Center view in Central Finance that cuts across a diverse system landscape and business entities Profit Center assessments and manual postings from sender systems to Central Finance. Central reporting based on ACDOCA leveraging new analytics tools and capabilities in S/4HANA. Local PCA Local PCA Local PCA Replication Central PCA New: Simulation and Comparison Reports for Central Profit Center Accounting 9

10 Central Payments for Central Finance 1709 & 1809 Local O2I Local O2I Local O2I Open Items Bank Central Invoiceto-Cash Central Credit, Collections, Disputes SAP Cash Application Solution & Value Replicate open items for central payment processing and full control over payment status. Raise process efficiency, optimize operations and realize overall AP/AR process savings. Simplify the infrastructure, reduce interfaces. Leverage HANA-optimized payment proposals, new bank account management etc. Use S/4HANA innovations in cash and AP/AR, including SAP Cash Management, SAP Cash Application etc. Opportunities for additional business value with shared services optimization, central bank reconciliation, Access to Central Payments via Note

11 Information Integration with Side Panels Replication Solution & Value Contextual information for end users that work in local systems, bridging between local and central systems. Display corresponding document and master data information with navigation options. Enabled through configuration in the source systems*, small TCO. SAP ERP * SAP ERP * SAP ERP * Information Integration Central Finance Extensible to cater for specific information needs. * Source 2018 SAP SE > ECC6.0, or an SAP affiliate use company. of All NetWeaver rights reserved. ǀ Business Client 11

12 Move to the Cloud Today Central Finance one Enabler for Successful Cloud Transition Central Finance Runs in Cloud Customers use Central Finance in the Cloud live since Facilitates transition to the S/4HANA cloud Orchestrating the IT landscape, offering significant business value and choices for the speed of adoption. Integration scenario to connect subsidiaries on S/4HCloud with the corporate backbone on Central Finance. Enables Business Network Solutions Centralizing spend management and shared services functions today, SAP Business Cloud Applications Ariba, Concur and Fieldglass connect to the Central Finance business platform. Act as business continuity platform for phased transition to the cloud. 12

13 Model Company for Central Finance Accelerators for Central Finance implementation The SAP Model Company for Central Finance allows to quick start the Central Finance project and enables a sound foundational design. It helps to reduce costs, decrease risks and provide guidance for the right decisions. It is a knowledge base for discovery, exploration, and realization activities of a Central Finance project Included today are Ready-to-run accelerators including project management, functional and technical / configuration guides Enablement session, vision & scoping workshop MC Delta for rapid data profiling Covering S4HANA, Central Finance, SLT System Landscape Transformation, MDG Master Data Governance, PO Process Orchestration, FIORI Discovery Landscape available on-demand To receive more information on the Central Finance accelerators: sapmodelcompany@sap.com 13

14 Influence the Central Finance Product Topics Central payments and taxes Levels of Engagement Customer Engagement Initiative: CFIN CEI break-out sessions Early adoption Replication of down payments Managing investment projects centrally Cross landscape configuration management Share experiences on 1809 adoption Pilot notes and individual arrangements POC evaluation Get in touch with us NOW! Customer can join the Central Finance Customer Engagement Initiative. Contact: 14

15 Thank you for your participation and have a safe trip home Stefan Fischer SAP Central Finance Development

16 Follow all of SAP SAP SE or an SAP affiliate company. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. The information contained herein may be changed without prior notice. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE or an SAP affiliate company for informational purposes only, without representation or warranty of any kind, and SAP or its affiliated companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP or SAP affiliate company products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release any functionality mentioned therein. This document, or any related presentation, and SAP SE s or its affiliated companies strategy and possible future developments, products, and/or platforms, directions, and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, and they should not be relied upon in making purchasing decisions. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. All other product and service names mentioned are the trademarks of their respective companies. See for additional trademark information and notices.

17 Appendix Additional Information & Details

18 Central Finance Solution Today September 2018 Infrastructure, Onboarding and Operations Finance document replication in real-time Initial document load for finance data before cut-over Master data replication via existing channels, incl. MDG, SLT, idoc etc. Replication of cost object master data, incl. production / internal order, product cost collector master data Master data mapping (harmonization) and usability tools 3rd party interface for integration of finance data from non-sap systems. Error management for business users with AIF Replication of AP/AR clearings to Central Finance Cross-system navigation from central to local systems with classic and Fiori UI S/4H Finance Cloud as a source system Reconciliation and audit capabilities, incl. key mapping changes Augment source data for replicated documents (BAdI) Central Reporting Group wide G/L and P&L reporting in real-time Advanced segment, entity and group reporting Mapping for CO-PA characteristics and value fields Extended CO posting scenarios 1) Intercompany reconciliation Central cash position / liquidity forecast (AP/AR based) Central Projects (WBS) reporting scenario Central Profit Center reporting, incl. manual posting from EC-PCA. Improved forecasts with central commitment reporting based on purchases in local systems. Central Processing Central AP/AR process orchestration for shared services, with central dispute management, collections prioritization, and central credit evaluation. Central embedded financial planning Real-Time Consolidation in Central Finance with SAP Business Planning & Consolidation. Centralize AP/AR processing, bank reconciliation and improved cash management with Central Payments. Solution today SAP has no obligation to pursue any course of business outlined in this slide or to develop or release any functionality mentioned on this slide. This slide and SAP's strategy and possible future developments are subject to change and may be changed by SAP at any time for any reason without notice. This document is provided without a warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or noninfringement - 1) For details on CO posting scenarios see SAP Note

19 Commitment Management with Central Finance 1709 Benefits Track future commitments against cost objects in Central Finance Available Make realistic comparison on actual and committed costs against plan Better predictions and forecasts on a corporate level based on data from across systems Plan Used Actual Commitment 19

20 Overview Central Commitment Real-time replication of commitments from purchase requisition(pr) or purchase order(po) o Commitment creation from new PRs/POs o Commitment update from PR/PO updates (quantity, price, indicators ) Real-time replication of updates to commitments from goods receipt (GR) or invoice receipt (IR) o Commitments update from GRs/IRs o Commitments update from reversals of GRs/IRs Initial load for commitments o Create commitment for existing PRs/Pos. Commitment carryforward o Commitment update from carryforward WILL NOT be replicated from source system. Instead, the carryforward can be triggered in the central system. Plan Used Available Actual Commitment 20

21 Central Commitment Reporting - Example Procure to Pay 1709 Source Central Order Replication Report June 15, 2017 Create Purchase Order Internal order PCs at 1,500 EUR each Commitment Replication Internal order Actual Commitment 0 4, June 21, 2017 Goods Receipt Goods receipt for 2 PCs FI Replication Commitment Replication 3, , July 28, 2017 Incoming Invoice Invoice receipt for 3 PCs, 2,000 EUR each FI Replication Commitment Replication 4, August 10, 2017 Goods Receipt Goods receipt for 1 PC FI Replication Commitment Replication 6,

22 Configuration Consistency Check Cockpit Compare settings and master data between source system and Central Finance system EARLIER identification of settings that might lead to problems Delivery of initial set of checks that SAP will extend over time Examples: GL Account is open-item managed in the source system but not open-item managed in CFIN Local currencies in FI differ Document splitting is inactive in the source system but activated in the CFIN system. 22

23 Configuration Consistency Check Cockpit 23

24 Side Panel: Example for FI document Main business transaction (local system) Side Panel with related Central Finance information 24