Future planning for SAP consolidation solutions until 2027

The future of SAP consolidation solutions until 2027: What companies need to know now

SAP consolidation solutions in the company

SAP consolidation solutions play a crucial role for companies, especially when it comes to financial consolidation. They enable companies to collect, analyze and consolidate their financial data from various sources. These solutions provide a comprehensive view of the company's financial performance and support the creation of reports and the fulfillment of compliance requirements.

In addition, SAP consolidation solutions also offer process automation capabilities, resulting in increased efficiency and accuracy. By using these solutions, companies can save time and resources by reducing manual tasks and optimizing the consolidation process.

Overall, SAP consolidation solutions help to improve financial transparency and control and support companies in making informed decisions.

End of maintenance of Netweaver-based SAP consolidation solutions by 2027

The maintenance of Netweaver-based SAP consolidation solutions, such as SAP SEM-BCS and SAP EC-CS, ends on December 31, 2027. Last year, the maintenance of SAP Financial Consolidation was extended again at short notice to 2030. This means that SAP will not provide any further updates, patches or security fixes for these solutions.

For companies currently using these consolidation solutions, it is important to prepare for the upcoming end of maintenance. The migration to new SAP consolidation solutions can take some time, especially for larger corporations. It is recommended to start planning the migration this year at the latest to allow sufficient time for the changeover.

Migration to new consolidation solutions requires careful planning and preparation to ensure that all data is transferred correctly and that the new solutions meet the company's requirements. It is advisable to bring in external experts to assist with the migration and ensure that the process runs smoothly.

It is important to note that the end of maintenance of Netweaver-based SAP consolidation solutions has no impact on ongoing use. Companies can continue to use the solutions, but will be excluded from future updates and support services.

Challenges when migrating to new SAP consolidation solutions

Migrating to new SAP consolidation solutions can present various challenges. One of the biggest challenges is ensuring that all data is transferred correctly. It is important that all financial data is carefully checked and validated to ensure that no data loss or inconsistencies occur.

Another important aspect is the customization of the new solutions to the specific requirements of the company. Every company has different financial consolidation requirements, so the new solutions need to be configured and customized accordingly.

Employee training is also an important challenge. It is important that employees are familiar with the new consolidation solutions and have the necessary knowledge and skills to use them effectively.

Working with external consultants and experts can help overcome these challenges and ensure that the migration runs smoothly and successfully.

Best practices for a smooth transition to new SAP consolidation solutions

To ensure a smooth transition to new SAP consolidation solutions, companies should follow some best practices:

- Start planning and preparing for the migration early to allow sufficient time for the process.

- Define clear objectives and requirements for the new consolidation solutions to ensure they meet the needs of the business.

- Check and validate all financial data carefully to avoid data loss or inconsistencies.

- Train your employees so that they are familiar with the new solutions and can work effectively with them.

- Bring in external consultants and experts to assist with the migration and customization of the new solutions.

By following these best practices, companies can achieve a smooth transition to new SAP consolidation solutions and realize the full benefits of these solutions.

The importance of early future planning and recommended actions for organizations

With the end of maintenance of Netweaver-based SAP consolidation solutions approaching, it is critical for organizations to start planning for the future early. Timely planning allows organizations to allow sufficient time to migrate to new solutions and ensure that the transition goes smoothly.

It is recommended that external consultants and experts are brought in to assist with the planning and implementation of the migration. These experts have the necessary expertise and experience to ensure that the migration is successful and meets the company's requirements.

It is also important to involve employees in the migration process at an early stage. Through training and education programs, employees can be prepared for the changes and have the necessary knowledge and skills to effectively use the new consolidation solutions.

Overall, it is important for companies to recognize the importance of planning for the future early on and taking appropriate measures to ensure a smooth transition to new SAP consolidation solutions.