SAP Simple Finance Overview
SAP Simple Finance (S/4 HANA Finance) is one of the essential modules to oversee SAP Finance and Accounting fueled by SAP HANA. It is utilized to perform finance-related operations and bookkeeping progressively and revealing utilizing BI devices. SAP Simple Finance helps to analyze the financial conditions of an association in the market. This is a starting instructional exercise that covers the rudiments of SAP Simple Finance and how to manage its different modules and sub-modules.
SAP Simple Finance gives an accounting solution controlled by SAP HANA. SAP S/4 HANA Finance accompanies distinctive finance and accounting management procedures and backings operations productively. With SAP S/4 HANA Finance, you have the accompanying discharges −
- SAP S/4HANA Finance 1605
- SAP S/4HANA Finance, On-Premise Edition 1503
- SAP Simple Finance Add-On for SAP Business Suite powered by SAP HANA
SAP Simple Finance ─ Key Features
Following highlights are accessible for SAP Simple Finance –
Financial Planning and Analysis
Utilizing SAP Simple Finance, associations can utilize it to estimate, plan, and budget as a progressing procedure. With the utilization of Predictive Analysis, you can forecast the effect of business choices on the financial reports of the association.
Accounting and Finance
With the utilization of advance Finance and Accounting highlights, associations can meet the lawful terms and finish the financial reports on time.
Financial Risk Management
Utilizing Predictive Analysis, associations can discover the hazard in financial procedures at a beginning time and device approaches to relieve them. It is anything but difficult to locate ideal investment rates according to showcase norms.
Risk and Compliance Management
Utilizing solid financial procedures, it is anything but difficult to avert unapproved access to sensitive information in the association. It is easy to recognize extortion and mishandle, and associations can proactively adjust the risk for all the financial procedures.
Technical System Landscape
SAP S/4 HANA Finance is created in light of SAP NetWeaver and SAP ERP Business suite. Following is the minimum system landscape for the backend of S/4 HANA Finance (without SAP Fiori and Smart Business application).
SAP S/4 HANA Finance includes ERP 6.0 to be refreshed to SAP ep8 for SAP ERP 6.0 and it is firmly incorporated with other ERP applications like Material Management, and Sales and Distribution.
SAP S/4 HANA accompanies a simplified data model. The tables and indexes are expelled and supplanted with HANA views in the basic database.
SAP S/4 HANA Finance utilizes an in-memory registering energy of HANA. To run SAP S/4 HANA, you need to utilize the most recent highlights of ABAP innovation that accompanies NetWeaver 7.5.
Central Finance is utilized to change to SAP S/4 HANA Finance without affecting the present framework landscape. Utilizing Central Finance, you can execute a typical revealing structure by mapping the common entities in the nearby framework to a typical arrangement of the master data in the Central framework.
For data replication from a source framework to Central Finance, you need to utilize SAP Landscape Transformation Replication Server.
SAP Simple Finance - Architecture
SAP Simple Finance gives enormous cost and efficient to oversee finance and accounting by utilizing the computing power of SAP HANA. The universal journal combines all the great characteristics of accounting segments. In the past SAP Finance Accounting tool, every one of the segments is independently overseen because of technical restrictions without HANA platform.
Before SAP Simple Finance there were a considerable measure of difficulties,
- Different level of points of interest put away in separate parts/tables
- Multiple BI extractors to analyze full information in BI
- Reconciliation required for all parts
- To move the data to proper table for reporting purpose
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