What kind of reports are available in Central Finance

[former_member621581]

Hi,

SAP promotes Central Finance as a system which gives the possibility of running the financial and management reports. I understand the benefit of Central Finance in terms of data harmonization and one source of truth. However, comparing to reports available in ERP or S/4 Hana - what is the real benefit of reporting in Central Finance? Does it gives us additional (better) functionalities comparing to S/4 Hana?

We will implement S/4 Hana for the company where SAP is not implemented at all but in the same country we have 2 other business where we have SAP ERP implemented. We are considering the Central Finance to centralized these 3 businesses but I am wondering what are the real benefits in terms of reporting from Centralization?

[saigramesh]

Cfin provides additional COPA report classification of cogs and variances and ad well as reports on all most all reports s4 hana but central finance payment repository for the payment of vendors

[narasimhulu_konnipati]

Hi Natasha,

You have different kind of reports provided by SAP in Central Finance and check the below notes where a document is attached in it with the list of reports.

2352483 - Central Finance Reconciliation Reports - SAP Notes

Other relevant notes

2709294 - DFV: Comparison reports and group currency - Source System

2709293 - DFV: Comparison reports and group currency - Central Finance System

2592712 - DFV: Performance correction for report "Central Finance: Comparison of FI Document Headers"

2418701 - DFV: Selection of CO balance by Cost center or by order

[Gustavo_Vazquez]

Hi Natasha,

The main Benefit is you have consolidated report in a heterogenous enviroment which could be very complex to normalize. An intermediate step for a final migration to S4 :-).

You mentioned 3 business on ERP:

• Suppose they have different Profit Centers, or different GL accounts and you need to report them globally; it could be quite a challenge.
• Imagine you have different business procedures for the same task, you will have to standarize before going to S4.
• Imagine NewGL with different dimensións for reporting.

In CFIN you move all your finance data to S4 where you can consolidate information without disprupting your daily operations. When your company is ready and have moved all processes to S4, then you can shutdown your R3 and work entirely in S4.

All finance reports are run in S4. if you have Central Payments , all payments are done in S4. You don't loose your custom development and moving to S4 is smoother than a GreenField implementatrion.

Remember, this is only for Finance. No logistics involved here.

Kind Regards