As organizations face increasing complexity in financial and operational structures, static master data hierarchies can no longer keep pace. This session introduces Flexible Hierarchies in SAP S/4HANA, which is a powerful, adaptable framework that allows finance and controlling teams to design, manage, and maintain hierarchies for cost centers, profit centers, and more without IT involvement. This session provides real-world implementation tips and best practices to help you simplify hierarchy management and improve reporting flexibility, whether you're centralizing shared services, managing frequent org changes, or supporting global consolidation.
 
You will:

• Understand how Flexible Hierarchies support dynamic, attribute-based financial structures.
• Learn to use SAP Fiori apps to create and manage hierarchies with ease.
• Discover how to streamline reporting and reduce manual effort using tagging and automation.
• Explore how to incorporate custom fields for company-specific needs. 
• Gain practical tips for implementing and maintaining hierarchies across financial areas.