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SAP S4HANA Simple Finance Innovations | SAP Simple Finance Online Classes


What is SAP S4HANA Finance?
SAP S/4HANA is short for SAP Business Suite 4 SAP HANA. It is a new era business-series acquiring in-memory staging. SAP HANA is used with the SAP FIORI user experience. It is designed to blend with Internet of Things, Mobile Networking, Business Networks, Big Data, third party applications/ software, and much more and utilize their applications. It is immediate, intelligent and integrated.
Why SAP S/4HANA Finance?
The world is stepping towards globalization and connected platforms day-by-day. Thus, due to this, data is unveiling a rapid growth exponentially; process integrity and requirements related to governance have debuted to be more than expected. Because of this, SAP ERP’s aim to provide real-time data processing has become kind of unachievable. This steered to the development of SAP S/4HANA Finance which has become a renowned trademark in attaining this aim. This newly revamped user-interface not only uses in-memory knacks, it also incorporates those knacks to consolidate all areas like business management, financial accounting and the like. It helps in increasing flexibility (especially in accounting) during closing and end year reporting by stocking all finance related info. With SAP S/4HANA Finance, it has become very elementary to obligate new financial and technical transfiguration or metamorphosis in an organization thus leading to a more versatile growth. This also shores up new ERP enactments that may come in ERP in the time ahead.

Some of the supplementary features of notable relevance include:

  • Superfluity decreased thus broadening performance levels: Many superfluous database tables and indexes have been expunged and this has led to a drastic broadening in the performance.
  • Code pushdown: Data processing is now working directly with SAP database which has boosted the performance.
  • Data footprint: It can be considered as a reduction of the financial data to the one-fifth of its initial size (because of compression techniques being involved).
  • Reduction in the process steps.
  • It can tolerate added and its capabilities include extensive workload situations.
  • There are many choices of deployment, some of which include cloud deployment, on-premise deployment, hybrid deployment etc.
  • The types of data being refined include social, text, geo, graphs etc. It can predict, recommend and simulate.
  • Industry enablement allows customers from broader set to quickly and use SAP S/4HANA due to its integration with EVM.
  • ATP, Catalogue management and untangled MRP forethought along with a lot of new apps are instigated. This has increased value for manufacturing up to a great extent.
  • Assimilation of key functions like EWM, PLM, PPM, MDG, GTS etc has allowed the businesses to devote into the digital core.

SAP S/4HANA Finance courses available on Open SAP are:
SAP S/4HANA in a nutshell
SAP S/4HANA-Deep Dive
SAP S/4HANA-Use Cases
Implementation of SAP S/4HANA
Financial Planning and Analysis
With SAP S/4HANA Finance processes for FP&A, a steep rise in planning cycles, profits, and efficiency of the financial functions can be achieved. Time lags and layoffs can be, diminished or we can say, eliminated by including the real-time data which is operating and from first-to-last arrangement processes. The analysis can be run at any level of granularity because of table in-memory platform. The different levels of financial planning cycle like development, updates, and reporting are supported by this tool. It also allows for continuous group accounting, integration with Ariba and other tools for better management.
Accounting and Financial Close
SAP S/4HANA Finance processes for accounting and financial close are aimed at decreasing closing workloads, costs corresponding to it and to make the whole process much faster, thus reducing the time drastically that is being consumed (without its help). It is directed at managing all the closing-related tasks and processes in real time. The whole process uses isolated and blended data model thus entwining the operations and introducing intelligibility in the executions thus reducing dangers and errors. Entire depreciation is run by means of logic and data structures.
Treasury and financial risk management
SAP S/4HANA Finance processes for Treasury and Financial Risk Management amalgamates analysis related to cash-flow, stocks in trade, business planning, obtaining real-time insights of bank balances and currency details and increments executive engagement with modern user interface.
Collaborative Finance Operations
SAP S/4HANA Finance processes for alliance finance enterprises lets us scrutinize and react to fluctuating market spirits. Auditing how patron is paying, carving customer reciprocations all in real-time. Aspiration of customer’s beneficence and helpfulness examination using painless techniques and methods.
So, last but not the least, with SAP S/4HANA Finance, one can spurt big processes on a colossal scale and streamline technology with its system meant for discarding data layoffs, data replica etc, one can design the whole process again according to his compulsions for increasing flawlessness to focus on critical tasks and omissions and take convenience of this benign path. This finance supplement outs the classical Financial nuisance in SAP ERP system. All aggregations and indexes are removed and are now calculated on the fly.
SAP Trainings Online is the world’s biggest resource of learning platform online will teach you the industry used technologies and methodologies and make you future ready in your chosen module and chosen platform. You can open SAP training courses to know more about training options.
Register with us for free demo on SAP simple finance training:Click Here
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