Magnitude SourceConnect delivers companion solution for businesses that use SAP S/4HANA for central finance foundation to speed integration of third-party data
AUSTIN, Texas, Dec. 5, 2019 /PRNewswire/ -- Magnitude Software, a leader in delivering unified application data management to global organizations across industries, today announced that its pre-packaged software solution - Magnitude SourceConnect - is available 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.
Chris Ney, Founder, Chairman & CEO, Magnitude Software said, "This announcement represents a pivotal moment for Magnitude to lead the charge as a provider of third-party data integration for central finance. 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."
Magnitude's SourceConnect can help accelerate the connection between the central finance instance and other distributed systems in the customer's landscape, most importantly, in third-party ERP systems, an area of expertise for which Magnitude has been recognized as a leader.
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 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 details, visit www.magnitude.com/SAP.
About Magnitude Software
Magnitude's transformative approach to unified application data management delivers vast operational efficiencies to business application data access, management, analytics and reporting for the modern enterprise. Magnitude's portfolio of products includes: simplified application data access to any data source; data management solutions for SAP and commerce verticals; simplified master data harmonization and governance; and packaged application analytics and reporting solutions for SAP and Oracle. Magnitude Software is a registered trademark of Magnitude Software, Inc. in the U.S. and other countries.
SAP, SAP S/4HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
