SAP Simple Finance Helps Customers Transform Finance with Instant Insight

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The SAP Simple Finance solution, announced in June 2014, helps customers transform finance with instant insight and marked the first step in the roadmap for SAP S/4HANA. Customers across various industries have found the solution demonstrates that it can help them experience the true value of simplification.

“Our business has grown into the world’s largest cane sugar refiner, which means we are managing complex operations amidst the volatile commodities market and ever changing cost structures,” said Don Whittington, CIO, of Florida Crystals and its affiliated companies of ASR Group. “SAP Simple Finance enables our financial management to run simple, with instant insight and ease of use, helping us to stay competitive and retain our industry leadership position.”

“As a business still in the SME segment, Convergent already has many of the same needs you find in a large enterprise, so we needed a solution that would run the company as fast as we’re growing,” said Shaun Syvertsen, managing partner, ConvergentIS. “Now that we are live on SAP Simple Finance, the benefit from our investment in a sophisticated system clearly makes sense for a company at any size. SAP Simple Finance provides a quantum leap forward from the small business systems we were using by centralizing and automating our financial processes and allowing us to focus on other areas of the business. Never before has a small fast-growing company had such deep insight into real-time transactions, margin, and cash flow, all while working from a single source of the truth for reporting and financial simulations.”

“SAP Simple Finance provides a stable and scalable solution to manage new business requirements and structural changes with minimal effort by streamlining La Trobe University’s general ledger and simplifying cost centers, cost center groups and profit center,” said Peter Nikoletatos, CIO, La Trobe University. “The system is also enabling consistent principles for security and workflow maintenance, and alignment of organizational changes, helping us to reach our goals of becoming a Top 500 University by 2017, enhancing the student experience and ensuring brilliant basics are the operational norm.”

Source: SAP

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