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S/4HANA Simple Finance | SAP Simple Finance Beginning | Learn S/4HANA Finance

SAP introduced SAP HANA as a fast database, a significant change that revolutionized the approach to database record storage changed. It can support both row-based and column-based storage, which is its strength. What’s the difference?
Row-based storage stores table records in a sequence of rows while column-based data is stored in columns. So what? The difference is faster data access, better compression, and improved parallel processing which means fast, on the fly aggregations, ad hoc reporting and it is made possible when transaction data is stored in a column based table.
SAP HANA: what has that got to do with your ERP suite? 
It is well-documented that SAP is betting the house on their new business suite, SAP S/4HANA, which is designed for the digital economy.
SAP Solution Lead Finance on an S/4HANA Finance implementation (Learn from SAP Simple finance training) said “With the ability to retrieve information and data quicker, now it was time to utilize it. This meant the application layer would also need to change so the full benefits of speed could be harnessed. EHP 7 was the first push from SAP. Code optimization, shifting processing logic to the database meant that time was saved as calculations were performed at the database level. This improved especially large calculations such as month end settlements, variance calculations and interest calculations.
Then Simple Finance
The first module released was S/4HANA Finance (previously known as Simple Finance/ sFIN). SAP redesigned data structures and the application layer. New concepts have been introduced, including:
  • Universal journal
  • Central finance
  • New asset accounting
  • Cash management
  • COPA
  • IBP (integrated business planning) (see SAP IBP course overview)
As a result, all financial information can be sourced from one table, known as ‘ACDOCA.’ SAP S/4HANA Finance, “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 (SAP FICO module), 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.” 
This has a direct impact on presentation of data as you have the ability to utilise BI, Fiori and SAP HANA Live content far greater in S/4HANA Finance than in the previous ECC version. 
What isn’t SAP HANA?
There are myths about SAP HANA which are wrong. Two of them are:
It is just a database/SAP appliance. It is an entire ecosystem.
It is very expensive. It is true if you look at the upfront costs but it if take into consideration the long term return, it is far greater than was has been invested.
Preparation for implementation
It is not going to be a conventional finance implementation. The business and implementers have to really understand the technical architecture. It’s not just one big table carrying everything; you have to evaluate every bit of data going into the system for the best presentation. 
You might be used to building processes and then doing the reporting around that. In S/4 HANA, you need to evaluate the information needs and then align the processes. The business users will learn that some things they are used to will go away. Change management is essential as there will be significant adaptations for business users. Haroon said, “SAP recommends an account-based COPA which is always reconciled. It has more detailed information in terms of accounts and value fields and there are no summarizations required. People who have previously worked with costing COPA will find this change is a little painful but they will gain benefits such as no reconciliation requirements and the ability to report quickly.
SAP has provided new ways to bring information to account-based COPA, which highlight new concepts to evaluate what information is required and build processes and reports. “Previously we used to bring information from COPA. Now we have too much information available” which is good but can be confusing for the users and business
To learn more about SAP simple finance join with SAP Trainings Online which is world’s biggest SAP training platform which provide training with industrial practices and live project by certified SAP professionals. To join with us just a click away register here for free demo:
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