By Sebastian Hellmann, cbs Corporate Business Solutions<\/p>\n
CFOs today expect more of their IT departments: closer alignment with the business strategy, greater management expertise, and greater agility. The trend toward digital finance represents an opportunity for enterprises to analyze their established structures and transfer them into a harmonized S\/4HANA One Finance target structure.<\/span><\/strong><\/p>\n Here is a good example from one of my existing customers: A mechanical engineering company from northern Germany wants to harmonize the 13 chart of accounts and 13 controlling areas for its 34 national subsidiaries. Its posting processes have to be globally standardized and universal standard reporting must be set up.
\nThis is a typical starting point for many European industrial companies that operate on international markets. In dialogue with the customer, I now have to try to bridge the gap between long-outdated control concepts based on old, heterogeneous system landscapes, and the many possibilities of the new SAP world. What the customer wants is clear: a globally standard finance & reporting platform.<\/p>\n