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Reasons To Implement Simple Finance | Simple Finance On HANA | Simple Finance Training



SAP ERP users have to be aware of the current product status considering constantly evolving nature of SAP product offerings. When looking at R/3 and ECC systems, even though they still are operable, the world around these products is subject to constant changes. To get to the benefits offered by Simple Finance, you shall focus on SAP Simple finance training. In this blog you will know the key advantages of moving to SAP’s S/4HANA solution:
Simplicity
The modifications made to its ECC application structure have simplicity at its core. Eliminating most of the aggregate tables means that the ease and the processing time with which organizational systems can respond to transactions and queries is enhanced greatly. The time saved can be applied to greater strategic or organizational efforts and much lesser time needs to be expended on your application itself. Applications running natively on the HANA platform display the immense power inherent in HANA along with benefiting from much greater levels of democratized data access and contextual awareness. Learn more about HANA from SAP HANA training from SAP Trainings Online.
Enhanced Ease of use
Interfaces to ECC applications can now be run in an advanced web-based format via SAP’s innovative Fiori UI. Fiori offers what can be addressed as a modern design for a comprehensively redesigned user experience.  (Learn more from SAP FIORI training)SAP Fiori stands for a highly responsive, personalized and most importantly simple user experience, irrespective of the deployment or device choices
Modernization
SAP S/4 HANA applications will offer users the very same ECC functionalities, but it will be in a manner in which will benefit from data accessibility, context and speed which weren’t accessible before. In certain cases one may be compelled to upgrade their system at it may be on cusp of losing support, or one may be needed to have particular aspects such as Unicode. In such cases if a user is looking at options to move, then the best possible choice in this scenario is definitely S/4HANA.
Preparing for future innovation
One of the most important advantages of S/4HANA is the inherent ability to gear up for future innovations in the development of SAP applications.  It is an established fact that in today’s market scenario, technology in all spheres is advancing at speeds faster than most organizations can keep up with. 
SAP S4 HANA Finance
Finance enterprises are faced with the immediate need to embrace the digital age to match the new and evolving business models and offer decision makers with instant insight. SAP Simple Finance training allows one to create a consolidated view of all operational and financial data to offer flexible and easy   consumable reporting along with automation of processes
SAP S/4 HANA Finance Innovations
SAP Trainings Online is the only platform for the learners of SAP training which gives best practical output with current industry scenario. Training involves case studies and trainers are certified professionals.
SAP S/4HANA Simple Finance is a holistic set of financial accounting and management solutions, spanning financial analysis and planning and enterprise risk and compliance management. It also stands for collaborative finance operations, treasury and financial risk management and even accounting and financial close.
Even though the complete financial management portfolio is covered by SAP S/4HANA Finance, there are considerably enhanced or brand new innovations accessible in each finance area.Given below are few of the most importantones:
Financial planning and analysis
Using SAP S/4HANA Finance processes for Financial Planning and Analysis one can speed up planning cycles, boost profitability and up the efficiency of finance functions.
Planners can access real-time master data along with accruals in SAP ERP without data replication issues. This is made possible by the optimization of SAP Business Objects (SAP BO training) Planning and Consolidation (SAP BPC training) version for SAP NetWeaver for SAP S/4HANA Finance. Learn more from SAP Netweaver training. 
A common financial planning model will enable users to run end-to-end simulations along with accelerated planning cycles.Given below are the summarized benefits of this feature of Simple Finance:
  • sers will be able to embed end to end planning processes and utilize real time operational data in order to remove redundancy. 
  • Organizations can spend the whole planning lifecycle which involves updates, development and even reporting. 
  • Users can easily create simulations of an adhoc nature relating to organizational changes.
Accounting and financial close 
Enterprises will be able to enhance control and compliance, minimize closing workloads, costs, and even close the books faster using SAP S/4HANA Finance processes for accounting and financial close.
SAP Accounting integrates management and financial accounting along with profitability data into a single universal journal. And also eliminates indices, totals and other pre-defined aggregates and depends on line items as a singular source of truth.
The universal journal architecture comes integrated with Fixed Asset Accounting for SAP S/4HANA meaning redundancy of data is eliminated. Several parallel documents for every valuation are posted in real time to make sure values are correct right from the start. Given below are the summarized benefits of this feature of Simple Finance:
  • Users will be able to execute closing tasks and inter-period processes in real time
  • One will be able to run real-time reporting with full drill-down according to any dimension
  • Easy execution of depreciation runs along with simplification of processing logic and data structures is also made a reality
  • Users will be able to leverage line item postings for each individual asset, enabling detailed reporting
All the financial related issues and its uses can be known from SAP FICO training.


Treasury and financial risk management
Using this functionality one can accurately predict cash flow, mitigate risk and manage liquidity. Integration of cash flows, commodity positions, market data and transactions is also made possible here, along with the optimization of straight-through processing including full-view and even real-time analysis, compliance reporting and audit trails.
Wanted to learn more about cash flow management then opt for SAP TRM training. Brand New Capabilities offer highly detailed analysis of predicted cash flows, so that one can bring about higher levels of consistency to cash needs, cash balances and liquidity strategies. Given below are the summarized benefits of this feature of Simple Finance:
  • User can benefit greatly from integration of cash flow analyses
  • Also possible would be integration of business planning, comprising of liquidity planning life cycles
  • One can also gain from a holistic central bank account management
  • Real-time visibility of bank balances and currency exposures
Want to learn more about what simple finance can do and what are its innovations then opt for SAP Simple finance training.

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