One of the biggest advantages is that the introduction of SAP S/4HANA - via the starting point of SAP Central Finance - is gradual and agile.
Compared to the traditional waterfall methodology with "big bang", such a project is easier and faster to execute and plan. The complexity of the overall project is reduced, and the risk is also lower.
This approach gives companies time and space for further planning. During the Central Finance project, they can deal with the desired target architecture for SAP S/4HANA and the planning of the system conversion of further instances in parallel.
Above all, companies benefit earlier from the advantages of SAP S/4HANA: The solution's finance and reporting functions - such as the Universal Journal or Cash Management - are available to them much faster than in a traditional project implementation.
The same applies to many other SAP S/4HANA innovations, such as real-time reporting and analytics, which lay the foundation for better decision-making. Companies can leverage such business benefits of SAP S/4HANA more quickly via Central Finance than with the classic, direct implementation.
The advantages at a glance: