Now more than ever—with the COVID-19 pandemic disrupting business operations worldwide—enterprises require agility, speed, and insight as a way to manage economic uncertainty without adding risk. According to a report by the International Data Corporation (IDC), in order to face this uncertainty with resilience, enterprises need a secure business intelligence platform such as SAP’s intelligent enterprise resource planning (ERP) solution, SAP S/4HANA, to bolster productivity and boost growth.
SAP S/4HANA offers intelligent digital tools and advanced analytics that provide organisations with a holistic approach to unite their entire system infrastructure with integrity, innovation, integrated data, and security.
According to the IDC report, companies who transition to intelligent ERP solutions have average improvements of 16–18{8bf2b29f36318f0ac46ab1cc03d7035abce669a1cea16c9ed62389a818fa22fd} in productivity, cost efficiencies and process cycle times, have 8 times more revenue, and 2 times more profitability. It is clear that for businesses to stay relevant and resilient, they need to shift to digital and do this fast.
However, migrating to a new ERP platform is a significant undertaking that often takes years. Moreover, organisations still need to maintain control and compliance during this digital transformation period, and increasing efficiency is key to managing cost.
Maximising the Move to SAP S/4HANA
BlackLine, an SAP Platinum Partner and SAP Endorsed Business Solution (EBS) supports over 700 SAP customers running or migrating to SAP S/4HANA with efficiency, visibility, and control across accounting and finance, enabling them to maximise value from their SAP investments.
The software company’s SAP Solution Extensions—SAP Account Substantiation and Automation by BlackLine—meet SAP’s highest evaluation criteria necessary for success and are credited by many accounting and finance teams in providing control and visibility over the entire financial close process, helping them save time and reduce manual effort with best practices around automation.
BlackLine’s SAP Solution Extensions address the most common issues faced by SAP customers in transitioning to SAP S/4HANA (such as difficulties in accessing audit support and documentation, the limited visibility, increased risk of turnover, and employees feeling underutilised). The BlackLine solutions allow SAP customers to effectively streamline period-end closing, account balance substantiation, journal entries, transaction matching, intercompany accounting, and more. Capabilities include:
- automatically clears open items before cutover
- frees up valuable accounting and finance resources (up to 50{8bf2b29f36318f0ac46ab1cc03d7035abce669a1cea16c9ed62389a818fa22fd})
- mapping legacy data to new SAP S/4HANA structures to maintain visibility and control
- centralising data and standardising processes to improve governance and embed best practices across data sources
Many SAP customers have achieved the following benefits from running the BlackLine solutions:
- 70{8bf2b29f36318f0ac46ab1cc03d7035abce669a1cea16c9ed62389a818fa22fd} faster close cycles
- two-fold increases in accounting efficiency
- increased engagement and innovation
With SAP Account Substantiation and Automation by BlackLine, managing a seamless move to SAP S/4HANA is made possible through the automation of the most time-consuming transactional activities. This significantly frees up financial resources to better support an organisation’s implementation strategies.
Moreover, these solutions can be deployed quickly in the cloud, delivering quick time to value. BlackLine also provides strong global support, meets SAP security criteria, as well as the strongest security standards (ISO 27001, SSAE 18/ISAE 3402, and SOC 1, 2, and 3 certifications), and meets criteria for seamless integration using SAP-certified interfaces while supporting a broad range of SAP platforms.
Want to Launch Your Move to SAP S/4HANA, click here.
This article is sponsored by BlackLine
