Skip to main content

SAP S/4HANA Simple Finance Course | Things Needed to Know About SAP Simple Finance

Evolving from huge successful R/3 architecture to S/4, SAP all in one business suite that runs on HANA is the new age thing. Capitalizing on Finance Management and critical Accounting needs, SAP S/4 HANA Simple Finance promises to revolutionize the way enterprises have perceived and analyzed their accounts. Pitching it as the ERP Finance for the digital era, S/4 could be a great bet for forecasting financial turnarounds. 
Some key advantages that the system garners include:
  • Real time revenue and costing analysis
  • Accurate comparison of dimensions, simulations and predictions
  • Margin improvisation and optimal cash flow
  • Forecasting liquidity and other significant functions
How to establish career in simple finance?
It has never been a cakewalk to develop a career in SAP. S/4 being a new technology is very demanding in terms of basic skill sets blended with staunch accounting and finance penchant.
If you are planning to give it a shot, do a quick run through over the helpful prerequisites:
  • Excellent working knowledge of RDBMS concepts
  • Finance & Accounting knowledge – basic level
  • Deep programming expertise in Open SQL
  • Knowledge of SAP HANA is a big plus
  • Basic understanding of cloud
Experienced SAP Consultants can benefit from the working expertise they have acquired over the years. However, the ones with Finance background will definitely have an edge over others. Professionals from following background could benefit:
  • SAP FICO
  • SAP BW, Business Object with Finance specialization
  • Senior Chartered Accountants
  • Post graduates in Finance including MBAs
What should be the significant inclusions in the course?
S/4 Simple Finance is an extensive subject and aims at nourishing the candidate skill set across on premise and cloud platforms. This makes it imperative for all candidates to be prepared for the end user expectations across devices.
Besides introduction to SAP HANA and Simple Finance, the syllabus should deeply cover the following areas:
SAP Simple Finance On Premise – Configurations and Migration
SAP Accounting including General Ledger Accounting, Asset and Management Accounting
Cash Flow Management – Probably the most critical part. Includes technical understanding and setup of Bank Account Management and Cash Operations.
Selecting the Right Place for Training
As discussed, S/4 Simple Finance is a new technology and immature institutions will not be able to complement critical designing and problem solving. Thus, only an institute with staunch SAP background can commence the task successfully.
SAP Trainings Online designed SAP simple finance training program based on present day industry requirements which makes the learners future ready and strengthens you to go challenging with industrial demands. This online program is not only job oriented but also for professionals who wanted to update their technological skills and to excel in their careers. We offer online education not only limited to region or an area, we offer trainings globally. 
Register with us for free demo: www.saptrainingsonline.com/student-registration
For more details visit: www.saptrainingsonline.com
Email:Contact@saptrainingsonline.com
Contact: INDIA +91 9052775398 USA +13152825809 
Labels:

Comments

Post a Comment

Popular posts from this blog

SAP S/4HANA Simple Finance Simplified Way to Finance | SAP Simple Finance Online Tutorials

SAP S/4HANA Simple Finance SAP’s Financial & Controlling module (one of the core modules from SAP, since its R/2 days) is a pretty mature offering with awesome breadth and depth. But over the years, the world has changed a lot. New financial regulations across the globe are necessitating change. There is also a need for lightning fast financials reporting.  The world of data is changing swiftly and financial operations must deal with enormous amounts of data processed at higher speeds and make sense of it. Considering this and to leverage its high-performance HANA platform, SAP has taken its Financial & Controlling module to the next level by launching “Simple Finance” (short form- SFIN) with SAP Business suite 4 HANA (i.e. S/4 HANA) ). And while doing it, SAP not only overcame some of the short-comings (of traditional FICO module) but also packed it with some powerful new features. Single Source of Truth In Simple Finance, SAP has introduced a new tabl...
5 comments
Read more

Introducing profitability analysis in SAP S/4HANA with 1709 Version

Understanding the importance of profitability analysis, key differences between costing- and account-based CO-PA, and discuss the improvements in account-based CO-PA with SAP S/4HANA Finance . Evaluate your business requirements and plan your SAP S/4HANA Finance integration, including important configuration steps for account-based CO-PA. When we talk about profitability analysis, you should keep in mind the different ways that profitability of a business is measured. There is an external view and internal view of profit for any business organization. The external view of profit is mostly driven and influenced by a number of statutory, tax, and regulatory requirements, whereas the internal view is driven by the management requirements of how business units, products, customer segments, and so on are performing. Traditional data models in enterprise resource planning (ERP) systems focused on data collection, aggregation, and reporting primarily to meet the external view o...
Post a Comment
Read more

SAP Simple Finance Integration | Simple Finance Consultant Capabilities | Start Simple Finance Career

SAP Simple Finance was launched as an add-on to ERP, which means it is a standard product developed to work on top of SAP ERP.SAP Trainings Online is a podium which gives you complete training on simple finance. SAP Simple Finance training includes SAP accounting powered by SAP HANA and fundamentals of SAP Cash Management. You can also integrate simple finance with cash management, cash operations, bank account management, and liquidity management. SAP cash management powered by SAP HANA provides various benefits: Bank account management Following features are available under bank account management: Centralized bank account management Lifecycle management for bank accounts Master data fully charged by business users Cash operations following features are available under Cash Operations: Short term cash positions analysis Make and track bank transfers Liquidity management Following features are available under Liquidity Management: Mid and long t...
9 comments
Read more