With the help of SAP Central Finance, companies can centralize their heterogeneous system landscapes from SAP and non-SAP systems and link them to SAP S/4HANA - and do so without costly redesign of the existing, often heterogeneous ERP landscape from various SAP and non-SAP systems.
In this way, they benefit from the advantages of SAP S/4HANA without having to set up the new ERP suite in the individual companies.
This includes the fact that - in addition to central reporting as a core Central Finance element - they can use SAP Central Finance to execute other financial processes centrally, from centralized payments to tax reporting.
The introduction of such financial shared services has immense benefits for companies. They help to increase efficiency within the company and reduce costs.