4/14/2021 SAP e-book

Lesson: Getting to Know Innovations in SAP Central Finance

Transformation in finance facilitated by SAP S/4HANA and Central Finance

Figure 18: Transformation in finance facilitated by SAP S/4HANA and Central Finance

SAP’s Digital Business Framework helps SAP customers solve complexity and transition
issues they are facing in their journey into the digital economy as a Live Business. This is
relevant for all roles in the office of the CFO. Digital finance is the power plant that drives the
digital ERP core, bringing together transactions and insights, serving as the platform for
innovation and business process optimization to allow the entire value chain to be digitized.
Using the new digital finance capabilities of SAP S/4HANA, customers can anticipate
business outcomes and reimagine business processes to accelerate their transition to a live
business.
Every company can develop a digital strategy across these five pillars:
● Outcome-based customer experience.
● Re-platform core business processes and bring together business process and analytics in
real-time to be smarter, faster, and simpler.
● Smarter and engaged workforce across all employees and contractors.
● Supplier collaboration to accelerate growth innovation.
● Harness the Internet of Things and Big Data to drive real-time insights and new business
models.

SAP S/4HANA is the digital core powered by SAP digital finance capabilities. It allows
customers to scale their digital transformations across the entire enterprise.

SAP's Future Vision for the Digital Core Central Finance

The following figure interaction between Planning, Reporting and Compliance, Financial
Operations and Shared Services, and Central Close.

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