SAP S/4 HANA Finance Reviews & Pricing

by SAP, Inc. | Founded 1972 Walldorf, Germany

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What is SAP S/4 HANA Finance?

Industry Specialties: Serves all industries.

SAP S/4HANA Finance, an enterprise resource planning (ERP) software built on the powerful HANA in-memory database, streamlines and integrates financial processes across an organization. It caters to mid-sized to large enterprises seeking real-time financial insights, automation, and improved financial governance. Key benefits include faster closing cycles, enhanced reporting accuracy, and deeper operational visibility through real-time data availability. Popular features encompass automated journal entries, integrated budgeting and forecasting, and robust compliance support. User experiences highlight improved user interface, streamlined workflows, and mobile accessibility. Pricing is based on a subscription model with tiers determined by company size, user count, and specific functionalities. While an investment, S/4HANA Finance aims to deliver long-term cost savings through increased efficiency and reduced errors.

Pros

Real-time data
Simplified processes
Improved reporting
Mobility & flexibility
Scalability & efficiency

Cons

High implementation cost
Steeper learning curve
Limited customization options
Integration challenges
Potential data migration issues

PRICE

COMPANY SIZE

DEPLOYMENT

PLATFORM

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User Sentiment i

Based on 393 reviews:

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#10

SAP S/4 HANA Finance is ranked #10 in the Accounting Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

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SAP S/4 HANA Finance Pricing

Based on our most recent analysis, SAP S/4 HANA Finance pricing starts at $25,000 (Per User, Annually).

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Starting From: $25,000
Pricing Model: Per User, Annually
Free Trial: No

Training Resources

SAP S/4 HANA Finance is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for SAP S/4 HANA Finance:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

SAP S/4 HANA Finance Benefits and Insights

Why use SAP S/4 HANA Finance?

Key differentiators & advantages of SAP S/4 HANA Finance

Avoid Redundancies: Gather or remove data replications, reconciliations and redundancies.
Process Adjustments: Redesign and optimize processes to focus on exceptions and crucial tasks while shifting operations as business models change.
Competitor Data Access for All: Obtain and review cross-business information. Various roles within the company can access embedded statistics, reporting and benchmarking.
Insightful Financial Evaluations: Evaluate financial implications to make better strategic choices with enterprise-wide consistency and minimal errors needed for reconciliation.
Efficient HR Practices: Merge HR, business teams and IT for better business performance while leveraging data to connect HR strategies with entire business strategies.
Real-Time Product Info: Spread transparency and real-time access to product information across disciplines and throughout the product lifecycle journey. It offers full knowledge of downstream costs for the complete execution of engineering changes.

Industry Expertise

SAP has 437,000 customers and counting across 190 locations, including North and South America, Italy, Egypt, India, Thailand and more. Some of its leading industries include public services, energy and natural resources, financial services, consumer industries and more. Its mission is to aid the world for the better and enhance people's lives with suitable software and technology.

SAP S/4 HANA Finance Reviews

Average customer reviews & user sentiment summary for SAP S/4 HANA Finance:

393 reviews

86%

of users would recommend this product

SAP S/4 HANA Finance has a 'great' User Satisfaction Rating of 86% when considering 393 user reviews from 4 recognized software review sites.

Synopsis of User Ratings and Reviews

Based on an aggregate of SAP S/4 HANA Finance reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Real-time insights: Gain instant access to financial data for faster, data-driven decisions. Imagine drilling down into account details or cash flow trends within seconds, no more waiting for reports to process.
Simplified processes: Automate routine tasks like reconciliations and journal entries, freeing up valuable time for more strategic work. Think automated invoice approvals or system-generated closing checklists.
Improved reporting: Generate granular, customizable reports with deeper financial insights. Easily create ad-hoc reports or visualize trends to proactively identify and address issues.
Enhanced collaboration: Share real-time financial data and collaborate seamlessly with colleagues across departments. Picture a single, unified platform for finance, sales, and operations to work together.
Mobile accessibility: Access financial information and perform key tasks from anywhere, anytime. Approve invoices while on the go or monitor key metrics remotely.

Cons

High implementation cost: Initial investment, including licensing, consulting, and infrastructure upgrades, can be significant, especially for smaller businesses.
Steeper learning curve: New interface and functionalities require user training and adaptation, potentially disrupting workflows in the short term.
Limited customization options: Pre-configured solutions may not fully address every specific accounting need, requiring workarounds or third-party add-ons.
Integration challenges: Connecting with legacy systems or specialized applications can be complex, requiring technical expertise and potentially delaying implementation.
Potential data migration issues: Moving large datasets to the new system can be time-consuming and prone to errors, requiring careful planning and data validation.

Researcher's Summary:

User reviews of SAP S/4 HANA Finance paint a contrasting picture, highlighting both its game-changing potential and the challenges companies face during implementation. On the one hand, users rave about its real-time data access, enabling instant financial insights and faster, data-driven decisions. Imagine analyzing cash flow trends within seconds instead of waiting hours for reports to process. Automation features like auto-generated journal entries and invoice approvals liberate accountants from tedious tasks, freeing them for strategic analysis and collaboration. However, the transition to S/4 HANA can be a bumpy ride. The initial investment, encompassing licensing, consulting, and infrastructure upgrades, can be daunting, especially for smaller businesses. Additionally, the new interface and functionalities require user training and adaptation, potentially disrupting workflows during implementation. Unlike some competitors offering highly customizable solutions, S/4 HANA's pre-configured modules may not perfectly suit every specific accounting need, necessitating workarounds or third-party add-ons, further inflating costs. Integration challenges add to the complexity. Connecting S/4 HANA with legacy systems or specialized applications can be a technical hurdle, requiring expertise and potentially delaying implementation. Data migration can be another headache, as moving large datasets to the new system can be time-consuming and error-prone, demanding careful planning and data validation. So, how does S/4 HANA stack up against the competition? While solutions like Oracle NetSuite or Microsoft Dynamics 365 may be more affordable and customizable for smaller businesses, they lack the real-time data capabilities and industry-specific depth of S/4 HANA. For larger enterprises with complex financial needs and a long-term vision, S/4 HANA's advanced functionalities, scalability, and potential for long-term ROI outweigh the initial challenges. Ultimately, the decision boils down to a company's specific needs, budget, and risk tolerance.

Key Features

Research & Development: SAP S/4HANA Finance enables multidiscipline product definition, what-if analysis and iterative design processes.
Real-Time Financing: Users get real-time oversight into finance processes and finance/management accounting results. This feature makes business and financial planning a breeze with prediction, simulation and what-if analysis.
Marketing Analysis: This feature allows planning and execution of personalized email campaigns and campaign performance analysis. Users can also consolidate customer information into one enriched view and leverage advanced analytics to gain insights.
Snapshot Manufacturing: This system gives users enterprise-wide visibility across supply, production, inventory and demand. This feature also provides faster execution of more current and accurate views of material quantities.
Supply Chain Management: Real-time and adaptive freight planning, truck visibility, and warehouse automation are provided within the system. Users can sense short-term demand and respond quickly with fast planning, replanning and simulation.
Accessible Sales Data: Users have access to product catalogs, inventory and pricing to create sales quotes and fulfill sales orders in real-time. This feature also manages accounts, opportunities and other activities while leveraging advanced analytics to gain insights.

Approach to Common Challenges

Data Silos and Lack of Real-Time Insights: SAP S/4HANA Finance consolidates data from multiple sources onto a single in-memory platform, enabling real-time analysis and reporting across the entire financial landscape.
Manual Processes and Inefficient Workflows: Pre-built automation tools and streamlined workflows automate routine tasks, freeing up staff for higher-value activities and improving efficiency.
Limited Visibility and Control: Embedded analytics and interactive dashboards provide granular insights into financial performance, enabling proactive decision-making and improved control over costs.
Compliance and Regulatory Hurdles: Integrated compliance features and automated reporting tools simplify compliance processes and reduce the risk of non-compliance.
Scalability and Adaptability Issues: Flexible cloud deployment options and modular architecture allow for easy scaling to accommodate business growth and evolving needs.

Cost Of Ownership

Frequently asked questions regarding SAP S/4 HANA Finance pricing include:

Q: What are the different cost components of SAP S/4 HANA Finance?
A: The total cost encompasses licensing fees, implementation costs, maintenance, and hardware/software infrastructure upgrades. Licensing is based on user licenses and modules chosen, while implementation involves consulting fees and customization. Maintenance includes annual fees for ongoing support and updates.
Q: How does S/4 HANA Finance pricing compare to other Accounting ERP solutions?
A: While the initial investment for S/4 HANA Finance can be higher compared to legacy systems or entry-level solutions, its advanced features, automation capabilities, and ROI potential over time can offset the initial cost. Consider the long-term benefits like improved efficiency, scalability, and reduced manual errors for a more accurate comparison.
Q: Are there cost-saving options available for S/4 HANA Finance implementations?
A: Yes, several options exist. Cloud deployment can reduce upfront hardware costs and offer flexible, scalable options. Pre-configured and industry-specific solutions can streamline implementation and minimize customization needs. Additionally, phased implementations can allow for a gradual adoption and cost distribution.

Limitations

With any software, it's essential to be aware of its shortcomings before buying and implementing the solution. While it comes with excellent functionality, SAP S/4 HANA Finance is no exception. At the time of this review, these are the limitations according to user feedback:

High price tag
Seems to only integrate with SAP products
The interface isn't consistent

Suite Support

Email: For online assistance, fill out the contact form on SAP’s Contact Us page.

Phone: For phone assistance in the United States, dial +1-800-872-1727. For other regions, visit the Worldwide Office Directory section of the worldwide directory page.

Training: The “Training for SAP S/4HANA in Financial Accounting” page gives a complete list of courses for SAP S/4HANA Finance ranging from beginner to advanced either instructor-led or self-paced.

Tickets: For more information or assistance, fill out the contact form on SAP’s Contact Us page.

FAQ

Frequently asked questions regarding SAP S/4 HANA Finance include:

Q: Does S/4 HANA Finance offer significant improvements over legacy SAP ERP systems?
A: Yes, S/4 HANA boasts several advancements. Its real-time in-memory database enables faster financial reporting, streamlined workflows, and improved efficiency compared to slower disk-based systems. Additionally, S/4 HANA features a simplified user interface and pre-built automation tools, further enhancing user experience and productivity.
Q: Is S/4 HANA Finance suitable for small or medium-sized businesses (SMBs)?
While traditionally targeted at larger enterprises, S/4 HANA now offers flexible deployment options and tailored solutions for SMBs. Cloud-based implementations minimize upfront costs and hardware requirements, while industry-specific versions address the specific needs of various sectors, making S/4 HANA a viable option for businesses of all sizes.
Q: Can S/4 HANA Finance effectively integrate with existing systems and data sources?
Yes, S/4 HANA prioritizes open integration, offering various tools and APIs to seamlessly connect with third-party applications and legacy systems. This ensures smooth data flow and eliminates the need for manual data transfer, reducing errors and streamlining operations.
Q: What are the key benefits of investing in S/4 HANA Finance in terms of return on investment (ROI)?
The potential ROI of S/4 HANA is significant. Increased efficiency through automation, improved decision-making with real-time insights, and enhanced cost control through predictive analytics contribute to substantial savings. Additionally, S/4 HANA's adaptability to future business needs provides long-term value and reduces the need for frequent system upgrades.
Q: What are the potential challenges associated with implementing S/4 HANA Finance?
While the benefits are evident, implementing S/4 HANA can present challenges. Organizations need to assess their existing infrastructure and data compatibility, prepare for potential workflow changes, and invest in training for employees. Careful planning and collaboration with experienced implementation partners can mitigate these challenges and ensure a smooth transition.