SAP Simple Finance Training

In this blog I will try to summarize all the main concepts that need to be known and considered before migrating to Simple Finance, more specifically to its main module SAP Accounting, powered by SAP HANA. Migration prerequisites Any customer running today ECC6, with whichever Enhancement Package, can consider migrating to SAP Simple Finance. (Learn all the migration steps and process in SAP Simple Finance training ) It is a migration in 2 steps:  ECC6 EhPx on any DB => Suite on HANA EHp7 => sFIN As of today, there is not a direct migration path from ECC6 EhP7 to sFIN. You have to perform the intermediary step to Suite on HANA. This should change in the future. The actual migration to the GL in SAP Accounting is actually easy. For the most part, this is a technical migration. Some functional aspects, which I will cover below, must be kept in mind, but it is above all a technical migration, not a functional project Functional aspects of the migration ...

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...

After the release of SAP S/4 HANA Simple Finance , there has been great interest in the new, next generation finance solution of SAP. If an organization wants to simplify their finance function, then it is best to get the HANA capabilities of SAP. SAP S/4 HANA Simple Finance is a faster, smarter and simplest implementation strategy. Having running simple, organizations tend to use simple finance. Here is the overview of what simple finance involves; Fixed Assets A fixed asset is something intended for long-term use by the company in its normal course of business, typically longer than a single accounting period. The cost, or depreciation, is spread over the useful life (or expected life) of the asset rather than charged to the profit and loss (P&L) in the year of purchase. Most countries have their own legislation regarding what can be included in the value of the asset, how much depreciation is charged, and when it’s charged, along with requirements regarding records to ...

S AP Simple Finance training provides huge cost and time saving to manage finance and accounting by leveraging the computing power of SAP HANA. Universal journal combines all the good qualities of accounting components. In the previous SAP Finance Accounting tool, all the components are separately managed due to technical restrictions without HANA platform. Learn SAP HANA training from experts. Before SAP Simple Finance there were a lot of challenges, such as Different level of details stored in respective components/tables To move the data to appropriate table for reporting purpose Multiple BI extractors to analyze full data in BI Reconciliation needed for all components With the new architecture of SAP Simple Finance, Universal Journal serves as a single source for all components with one line item table. Key Features of the New Architecture Following features are provided with new SAP Simple Finance architecture Multidimensional reporting on Universal jou...

SAP Simple Finance Adding Value to the Enterprise After the release of SAP S/4 HANA Simple Finance, there has been great interest in the new, next generation finance solution of SAP. If an organization wants to simplify their finance function, then it is best to get the HANA capabilities of SAP. SAP S/4 HANA Simple Finance is a faster, smarter and simplest implementation strategy. Having running simple, organizations tend to use simple finance  hence the demand for SAP Simple Finance training has risen. Superior and enhanced business advice resulting from more relevant and timely insight. Enhanced corporate alignment and agility resulting from direct end user access to insight. Effective management of working capital and financial risks functioning at enhanced levels. Lowering IT complexity. Minimization of cost for manual report generation and data reconciliation. Minimization of operational risks resulting from fraud and several other non compliance activities  ...