The move to S/4HANA marks the beginning of a new era for us.
Hartmut Schmidt
Managing Partner & Practice Lead Finance and Analytics, KPS AG
Managing Partner & Practice Lead Finance and Analytics, KPS AG
KPS AG: Centralized Payments and the Successful Move to SAP S/4HANA
Industry
Consulting
Revenue
€166m (2020)
Employees
1200+
Headquarters
Unterföhring / Munich, Germany
100%
integration of FS² Payments with SAP S/4HANA
Saved
time, costs and training
Seamless
import of payment transactions into S/4HANA
The consulting firm, which operates on an international level, is both a customer and partner of Serrala. The end of maintenance for SAP ECC and R3 in 2027 presented KPS AG with the same challenges as many of its customers:
- How can data and processes such as payment transactions be imported quickly and securely into SAP S/4HANA – preferably on time for the year-end closing?
- Which approach should you take, greenfield, brownfield or transformation?
- How does the changeover work for all employees – and especially in a remote working situation during the pandemic?
- How do you achieve more transparency for all processes in the company, including financial processes, while ensuring a smooth transition of centralized payments to the new system?
Key facts:
- Data migration to SAP S/4HANA challenge.
- Managing transition in remote work context.
- Ensuring transparency in company-wide processes.
- Smooth transfer of centralized payment systems.
KPS was able to take care of the change management to SAP S/4HANA with its own consultants who used a greenfield project approach.
The Serrala FS² Payments solution was easy to move along in the change management process for SAP S/4HANA ensuring a smooth transition of centralized payments:
- 100% integration of FS² Payments with SAP S/4HANA eliminated the need for specialized migration tasks
- The payment transactions were seamlessly imported into S/4HANA via FS² Payments and could be used by all employees as usual from day 1; there was no need for a complex transition of the centralized payments solution
- Bank communication was set up with FS² Payments via EBICS
– After approval, a payment is sent directly to the bank
– The signature is attached
– The bank reports the payment status directly back to SAP
– Account statements in SAP are retrieved, converted, allocated and centrally stored all with FS² Payments - All payment and bank statement processes as well as processes from the human resources, contract management and controlling areas now converge in S/4HANA
- Greenfield approach used for SAP S/4HANA transition.
- 100% FS² Payments integration with S/4HANA.
- Seamless payment import, no complex migration needed.
- EBICS-enabled bank communication through FS² Payments.
- All processes centralized in S/4HANA system.
Thanks to the complete integration of FS² Payments in SAP S/4HANA, KPS AG was able to master the move of centralized payments to S/4HANA quickly and cost-efficiently, achieving an end-to-end process.
The FS² Payments solution offered KPS AG the following advantages:
- Transparent: Payment status and account statements for international payments and cash flows can be viewed in real time
- Flexible: FS² Payments can be implemented flexibly at any time in the transition process to S/4HANA
- Efficient: The seamless transition of the centralized payments solution saved time, costs and training
- Future-proof: The solution provides scalability, is continuously optimized by Serrala, and fully compatible with other FS² solutions
- Know-how: KPS AG passes on the experience gained from the successful project and the integrated solution from S/4HANA and FS² Payments to customers
- Outlook: KPS AG plans to extend its centralized payments solution with an in-house bank with Serrala solutions
- Transparent: Real-time payment status and cash flows
- Flexible: FS² Payments implemented anytime during transition
- Efficient: Saved time, costs, and training efforts
- Future-proof: Scalable and compatible with FS² solutions
- Know-how: KPS shares expertise with their customerss
Business Need
The consulting firm, which operates on an international level, is both a customer and partner of Serrala. The end of maintenance for SAP ECC and R3 in 2027 presented KPS AG with the same challenges as many of its customers:
- How can data and processes such as payment transactions be imported quickly and securely into SAP S/4HANA – preferably on time for the year-end closing?
- Which approach should you take, greenfield, brownfield or transformation?
- How does the changeover work for all employees – and especially in a remote working situation during the pandemic?
- How do you achieve more transparency for all processes in the company, including financial processes, while ensuring a smooth transition of centralized payments to the new system?
Key facts:
- Data migration to SAP S/4HANA challenge.
- Managing transition in remote work context.
- Ensuring transparency in company-wide processes.
- Smooth transfer of centralized payment systems.
Solution Implemented
KPS was able to take care of the change management to SAP S/4HANA with its own consultants who used a greenfield project approach.
The Serrala FS² Payments solution was easy to move along in the change management process for SAP S/4HANA ensuring a smooth transition of centralized payments:
- 100% integration of FS² Payments with SAP S/4HANA eliminated the need for specialized migration tasks
- The payment transactions were seamlessly imported into S/4HANA via FS² Payments and could be used by all employees as usual from day 1; there was no need for a complex transition of the centralized payments solution
- Bank communication was set up with FS² Payments via EBICS
– After approval, a payment is sent directly to the bank
– The signature is attached
– The bank reports the payment status directly back to SAP
– Account statements in SAP are retrieved, converted, allocated and centrally stored all with FS² Payments - All payment and bank statement processes as well as processes from the human resources, contract management and controlling areas now converge in S/4HANA
- Greenfield approach used for SAP S/4HANA transition.
- 100% FS² Payments integration with S/4HANA.
- Seamless payment import, no complex migration needed.
- EBICS-enabled bank communication through FS² Payments.
- All processes centralized in S/4HANA system.
Results Achieved
Thanks to the complete integration of FS² Payments in SAP S/4HANA, KPS AG was able to master the move of centralized payments to S/4HANA quickly and cost-efficiently, achieving an end-to-end process.
The FS² Payments solution offered KPS AG the following advantages:
- Transparent: Payment status and account statements for international payments and cash flows can be viewed in real time
- Flexible: FS² Payments can be implemented flexibly at any time in the transition process to S/4HANA
- Efficient: The seamless transition of the centralized payments solution saved time, costs and training
- Future-proof: The solution provides scalability, is continuously optimized by Serrala, and fully compatible with other FS² solutions
- Know-how: KPS AG passes on the experience gained from the successful project and the integrated solution from S/4HANA and FS² Payments to customers
- Outlook: KPS AG plans to extend its centralized payments solution with an in-house bank with Serrala solutions
- Transparent: Real-time payment status and cash flows
- Flexible: FS² Payments implemented anytime during transition
- Efficient: Saved time, costs, and training efforts
- Future-proof: Scalable and compatible with FS² solutions
- Know-how: KPS shares expertise with their customerss
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