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run their mission-critical processes in real time — including planning, analysis, accounting, consolidation,
treasury, financial operations, risk and compliance.
One of the Key Components of SAP Simple Finance Add-On is Central Finance.
With Central Journal or Central Finance, you can transition to SAP Simple Finance add-on for SAP Business
Suite powered by SAP HANA without disruption to your current system landscape, which can be made up
of a combination of SAP systems of different releases and accounting approaches and non-SAP systems.
Central Finance allows you to create a common reporting structure.
To prepare for this common structure, you must map your different accounting entities (for example,
account, profit center, or cost center) in your local systems to one common set of master data in the central
system. Then, you can replicate financial accounting (FI) and management accounting (CO) postings.
Some of the top features include:
Simple Finance is a Add-on and part of the system like New GL.
Central Finance is a deployment option and not a functionality within SAP S/4HANA. SAP introduced
it to simplify the process of adopting SAP S/4HANA Finance.
Central Finance is an SAP instance/system that have simple finance active, and it’s get the data from
the other SAP and non-SAP systems to report centrally.
Central Finance is aimed at reducing the cost of adoption of SAP S/4HANA Finance for organizations having
heterogeneous landscapes (multiple SAP ERP or non-SAP systems). With Central Finance, these
organizations no longer have to upgrade all the systems to have SAP S/4HANA Finance. Instead, they can
implement SAP S/4HANA Finance with one instance only.
http://sapexperts.wispubs.com/financials/articles/a-holistic-approach-to-implementing-central-
finance?id=c4386f83f76e4f6dba0302ff05228c73#.WjmGk_CnFJ8
https://www.truqua.com/the-top-10-things-to-know-about-sap-central-finance/
If SAP Central Finance is a deployment option that you are considering for S/4HANA Finance, it’s important
to have a solid grasp on how it works. Keeping that in mind, I thought I’d do a recap of a recent session that
David Dixon presented at the Financials 2016 conference to highlight the 10 most important things you
need to know about Central Finance.
1. Formerly called the SAP Central Journal, Central Finance is a product and a deployment option for
S/4HANA Finance that breaks out the Finance and Controlling (FI/CO) applications for the rest of SAP ERP
as a sidecar via SAP Landscape Transformation (SLT) replication .
2. Central Finance is a way to implement S/4HANA Finance without disrupting your existing source SAP ERP
systems (but does require installing a DMIS software component and SAP Notes)
3. As example use cases, Central Finance can be used as a functional migration option, a flexible reporting
platform for mergers and acquisitions, and a shared services system
4. Standalone BW and BPC investments require data transfer via batch Extract, Transform, and Load* (ETL)
jobs while Central Finance is via real-time replication of FI/CO documents
5. Fiori, HANA Live (or the new S/4HANA Analytics), SAP BW, and SAP BPC can all be integrated in real-time
at the document level with financial controls and integrity that come with general ledger in addition to error
and correction handling prior to posting via Application Integration Framework (AIF) functionality
6. Central Finance consists of one physical document for real-time processing and analytics and merges FI
and CO together into a singular line item table for “single source of truth” known as the “Universal Journal”
7. In Central Finance, the accounting interface is directly replicated to the Universal Journal which reduces
the need for reconciliation, integration, batch processing and data replication
9. A central finance posting looks the same as an SAP ERP financial posting but is linked back to the source
system via reference to the document number key of the source document and logical system to which it
belongs
10. Central Finance is taking advantage of solutions that were already centrally managed such as Financial
Close Cockpit, Intercompany Reconciliation (ICR), and Financial Supply Chain Management (FSCM).
Migration to SAP Accounting powered by SAP HANA:
https://help.sap.com/doc/saphelp_sfin100/1.10/en-US/87/2f6152b82bf35fe10000000a423f68/frameset.htm
https://archive.sap.com/discussions/space/simple-finance