Magnitude Software, a provider of unified application data management solutions, is updating Magnitude SourceConnect to help accelerate implementations of SAP S/4HANA for central finance foundation.
Leveraging Magnitude’s pre-built solution with SAP S/4HANA for central finance foundation, businesses may be able to achieve full finance transformations faster than ever before.
“With hybrid ecosystems as the new normal for next-generation financial operations, Magnitude SourceConnect enables businesses that use SAP solutions to bring in all central finance-relevant data, allowing for a powerful, centralized operation to deliver insights and drive efficiencies,” said Chris Ney, founder, chairman and CEO, Magnitude Software.
Magnitude’s SourceConnect can help accelerate the connection between the central finance instance and other distributed systems in the customer’s landscape in third-party ERP Pre-built connectors can help fast-track integration, potentially reducing implementations from 6-12 months down to 15-20 days by eliminating the need for custom development.
After completing a solution extension approval process, which included technical diligence and customer validation, Magnitude SourceConnect is now available globally through SAP.
SAP will resell the Magnitude SourceConnect suite of products, including the transaction, drill-down, and sync-back solutions, under the name SAP Central Finance Transaction Replication by Magnitude.
“Magnitude SourceConnect has proven its ability to help solve complexities of integrating third-party data sources into SAP S/4HANA for central finance foundation and has potential to vastly accelerate implementations for businesses,” said Martin Naraschewski, senior vice president, general manager, head of line of business finance for SAP.
Magnitude SourceConnect (and SAP Central Finance Transaction Replication by Magnitude) offers key data integration functionalities including:
- Transaction replication: Connects and normalizes detailed transactions from non-SAP sources in real-time
- Sync-back: Enables write-back to source for shared service processes
- Drill-down: Provides drill-down to non-SAP operational detail
- Reconciliation reporting: Tracks status and changes to data through the replication and posting processes
For more information, visit www.magnitude.com.