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Things Need To Be Considered Before Migrating to Simple Finance | SAP Simple Finance Training Course



In SAP Simple Finance training course you will come to know all the concepts related to real time industry experiences with best explained case studies by experts in SAP training. SAP Simple Finance is first offering in S/4 HANA by SAP Commonly, referred as ‘sFIN’ has completely changed FI/CO business solutions. First, we have to analyze earlier business process.

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FI/CO Documents are separately processed having totals, indices & aggregates. This leads to redundant storage of data. At the time of Analytics, the indices are traversed twice for each FI-CO.Line items tables may contain redundant information, leading to wastage of storage. We train you on SAP FICO training module.

Simple Finance Solution

Simple Finance is an add-on to ERP which means it is a standard product developed to work on top of SAP ERP (ECC6.07 to be precise). The official name used to be ‘SAP Simple Finance add-on 2.0 for SAP Business Suite powered by SAP HANA. In this training session concepts related to SAP HANA training are discussed. Simple Finance comes with a simplified data model, totals, tables and application index tables have been removed and replaced with HANA views with the same technical names.
In Simple Finance, SAP has introduced a new table named ‘ACDOCA’ for the Universal Journal. It allows bringing data from General Ledger, Asset Accounting, Material Ledger, Controlling (Including coding block & CO-PA) into one journal. By this one master stroke, SAP has overcome the need of reconciliation (FI & CO), has overcome the need of settlement(All cost elements, including secondary cost elements are G/L accounts) & has done away with index tables /aggregate tables.
 


Migration


Organizations on SAP (with traditional SAP FICO module) can migrate to Simple Finance (SFIN 2.0) in following way

  • Those who are on New GL can directly migrate to SFIN.
  • Those who are on classical GL, need to first migrate to New GL (bare-minimum
  • Functionality, no need to have document splitting or parallel ledger) & then move to SFIN.
Want to take SAP simple finance training, for more details please contact on:


Email:contact@saptrainingsonline.com
Phone: India  +91 9052775398 USA +13152825809
To register for online classes click here: http://saptrainingsonline.com/student-registration/


 
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