EY ifb Packaged Solution for S/4HANA Finance
EY ifb has developed a packaged solution for S/4HANA to help companies standardize and digitize their finance functions and processes within the SAP S/4HANA Finance Solution. The solution combines our experience with our proven REFRAMETM method, offering all the key building blocks for your transformation, pre-modelled, in simple pieces.
What EY can do for you
Companies in the financial services industry must soon move to SAP S/4HANA Finance. This shift will enable organizations to digitize, streamline and improve their current finance function and processes. However, replacing an existing enterprise resource planning (ERP) system, which is usually the backbone of an organization, is challenging as it is often configured to the individual needs of the company. Custom-developed functions are common, and organizations are understandably anxious about replacing these proven processes via transformation. However, in the long run, avoiding change and improvement could prove costly. Our offering aims to implement an accelerated, reliable and hassle-free migration to S/4HANA with fast and tangible results.
We implement selected and preconfigured use cases to kick start and accelerate the transformation process. These assets include preconfigured modules of S/4HANA finance, documentation, test cases and test data accelerators. They also comprise test and go-live support, supported by one month of hypercare by our experienced professionals.
The modular structure of our Packaged Solution for S/4HANA Finance offers the benefit of extensions that further simplify and enhance your accounting and closing process. They offer optional services and solutions such as:
- GL enhancements (average daily balances, multi-currency accounting, error correction and suspense accounting)
- Transformation compliance
- Digitization of closing process framework
- S/4HANA group reporting
- SAP financial posting gateway connection
- Embedded analytics (Fiori)
- Data management
By applying EY ifb Packaged Solution for S/4HANA Finance we can accelerate your project and reduce resource constraints by quickly finalizing core use case requirements. A guided workshop series captures deviations from best practices, together with client-specific enhancements. These are incorporated in a backlog, which is used to prioritize these use cases and ensure the solution is built in a robust way.
Key benefits at a glance:
- A pre-defined and scalable solution to transform finance processes and landscape that’s automated and traceable
- Covers all major modules
- Best practice derived from relevant project experience
- Speed up go-live with a prebuilt system
- Industry-specific enhancement with further features like multi-currency accounting and suspense accounting available
- Pre-mapped tools simplify data integration
- Measurable results at fixed costs
EY ifb Packaged Solution for S/4HANA Finance draws on insights from 30 years’ experience of challenging projects in the financial services industry, combined with our proven REFRAMETM methodology.
Get in touch to learn more.