Since its launch in 2015, more than 12000 customers have committed to move to SAP’s latest ERP system S/4HANA. With SAP planning to stop support for older ERP versions by 2027, it has become imperative for CFOs to understand what’s different about S/4HANA and why a move to S/4 would make sense. So what has really changed in S/4HANA and how does it support the key requirements of todays’s CFO?

The previous versions of SAP’s ERP system have their data stored in multiple different tables that makes accessing the data a difficult and time-taking process. In comparison, S/4HANA stores all financial transactions in one table providing near real-time access to all available data. This enables a single source of truth ensuring quick access to insights and real-time analytics for much faster decision-making.

• Faster reconciliation process and anytime continuous close
• Continuous granular level margin analytics that is reconciled by design
• Increased transparency into the underlying components of your costs
• Single source of truth for real-time management reporting and faster decision making
• AI based predictive forecasting and ‘what if’ scenario data modeling