NEXT ONE Finance
In the changing business environment, new technologies and capabilities are critical for a forward-looking direction. Finance plays an important role in the digital transformation to combine effective governance and innovation in an agile end-2-end business platform.
Despite complex value chains and new requirements, such as the Green Ledger, the CO₂ reporting obligation for companies, it is essential to be able to react quickly to external factors and make informed decisions. The key to this is a global, harmonised and standardised corporate platform that can be easily expanded with new functions.
The NEXT ONE Finance approach
The NEXT ONE Finance approach is a coordinated combination of standardisation, harmonisation and consolidation of core processes as well as the integration of innovative and future-oriented topics.
While the management model – standardised and harmonised structures and processes as well as a globally uniform reporting system – plays a role in the core, innovative topics such as Universal Parallel Accounting, Closing Cockpit or Green Ledger are taken up in the agile area.Financial know-how meets transformation expertise
cbs has over 30 years of professional expertise in the financial sector. This experience is complemented by hundreds of successfully implemented digital transformations at global market leaders. A match that is unique in the market.
As an SAP Gold Partner, we are a proven expert for Finance & Controlling in SAP ERP and S/4HANA.
Strategic solutions for financial management
With cbs you get answers to the CFO’s core strategic questions and accounting becomes a tool for strategic corporate management.
Together with our clients, we clarify typical questions such as:
- Are there uniform accounting logics and an operative chart of accounts for the group of companies?
- Is there global controlling across all companies, i.e. a uniform profit centre and cost centre structure coupled with a uniform profit and loss account?
- Is there parallel accounting, balance sheets on any characteristics and real-time reporting?
We realise a fast establishment of a uniform finance & reporting platform. The implementation takes place within an operational SAP system or in a hybrid SAP landscape without negative impact on the running processes – or with our Selective Data Transition approach – integrated into the SAP S/4HANA® implementation.
Efficient NEXT ONE Finance realisation
In the first step of NEXT ONE Finance, the target picture is defined. Here the strategy is agreed, the control model is developed and finally the roadmap is defined. In the conception phase, the plan for implementation is drawn up, taking SAP standards and cbs best practices into account.
Implementation with the cbs ET Enterprise Transformer enables complex and challenging scenarios to be handled selectively and consistently. Depending on the individual customer project and the roadmap, other methods can be considered in addition to a software-supported implementation with the ET, such as posting in the SAP standard at the turn of the year.
For the implementation of large transformation projects, an agile process model has been established in which the roadmap is broken down into realistic steps, so-called “plateaus”. When planning the plateaus, the dependencies of transformation activities on the entire roadmap are included. By breaking down the building blocks, relevant added values are quickly realised.
