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SAP Simple Finance Implementation | SAP S/4HANA Finance Different Approaches

SAP Simple Finance is a set of solutions to present the simplicity of SAP Cloud powered by SAP HANA in accordance to finance related issues across the world. SAP Simple Finance module is designed to offer strategic value with instant insight across finance.
You might be used to building processes and then doing the reporting around that. In S/4 HANA, (Learn from SAP S/4HANA training) 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.
Different approaches for different implementations
  • If you are doing a Greenfield implementation or an upgrade without migration, the challenges exist mainly in process definition. Haroon added “We had challenges in process definitions as information processing is challenging. Partly it’s because if a client is using SAP BW (learn SAP BW and what it offers) or embedded BW, the sourcing of information as well as data footprint impacts have to be considered.” A clear strategy will be required on what reports will be used, which reporting platform will be used
  • The next biggest challenge will be around data migration. If you are coming from a classic General Ledger (GL), serious thinking is required on New GL and document splitting. If you are coming from a New GL environment data migration will be a more straight forward process
  • If you are doing a migration project then a full migration approach needs to be considered. A similar scenario example would be New GL migration projects when ECC was introduced.
Migration will be 3 steps:
  • Prepare the system
  • Execution of migration
  • Post migration activities
As a result configuration, transactional data and balances and migration of code and customer enhancements is carried out. 
An additional option, where a client may require running legacy SAP system in parallel to a new release from SAP, Central Finance is available now to bring legacy data into the new SAP environment. Central Finance can be used on top of a legacy environment for reporting purposes and can source data from multiple systems whether they are SAP or non-SAP. 
Cash Management is also revamped in S/4HANA Finance and provides new look liquidity forecasting, cash position, bank management and treasury processes. Additional process design efforts would be required in this space. “Data input, process transaction remain the same. What changes is the system architecture under the hood. Ultimately reporting is the improved by miles
“From an implementation point of view it would be unwise to implement ECC now. If you upgrading or doing a new implementation the future is SAP HANA.” 
User experience must be considered when migrating. SAP have a number of tools to help give the user a better experience. The frontend tools that are recommended with S/4HANA Finance are SAP NWBC (SAP NetWeaver Business Client), Fiori, Lumira and SAP Screen Personas. “I expect classic GUI to be phased out”.  NWBC is used to run standard transactions, Fiori ( learn from SAP FIORI training) to put that information onto tablets and phones, Lumira helps make even the ugliest of data sources more pleasing to the eye and easy to understand. Similarly when the business want to customize to their personal requirements they can use SAP Screen Personas and it can be faster and easier than developing custom applications. 
To make S/4HANA Finance simple, org structures must be simplified. For example chart of accounts, profit centres and cost centres need to be redefined. Reporting is now more powerful and we don’t need complex over engineered organizational structure designs. 
From a future perspective once S/4HANA Logistics and S/4HANA HR will be introduced into the full S/4HANA suite, integration of S/4HANA Finance with other modules will be improved. 
Pre checks
Go through the release notes
Understand what is and what is not available
Industry solutions which are restricted
Country specific solutions
The future roadmap of SAP
Cloud or on-premise
Companies have the options of running Cloud, On Premise, or a mixture of both. Depending on your organization, industry or country, your options may be restricted. If you have the choice, Cloud is often cheaper with fewer maintenance costs. With the growing awareness and appetite for Cloud the space is getting bigger as companies like Amazon (AWS), Microsoft (Azure) are building regional Clouds offering more options to the market. 
“S/4HANA Finance is becoming something very beautiful. It is a lot easier to provide the information to the business”. ECC was a very mature product and S/4HANA Finance has added on top of a robust presentation.”  SAP already have a number of customers up and running with S/4HANA. For example “UNIORG has better alignment between finance and controlling, faster and easier reporting, and a continuous closing process.” 

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