sap s4hana

  • SAP S/4HANA Simple Finance

    SAP S/4HANA Simple Finance

    The SAP S/4HANA Finance to Revolutionize Finance Departments

    • Does your CFO want their finance departments to Become more strategic to the business?
    • Does your CFO want to support the drive for constant innovation?
    • Does your CFO want to Improve decision makers’ “time to action” with real-time, meaningful data?

    SAP S/4HANA Finance is a comprehensive solution powered by SAP HANA for the CFO office that delivers instant insights with on-the-fly analysis across all dimensions of financial data simultaneously without system limitations due to the need for prebuilt aggregates and data marts.

    SAP S/4HANA Finance covers the following areas of finance:

    • Financial planning and analysis
    • Accounting and financial close
    • Treasury and financial risk management
    • Collaborative finance operations
    • Enterprise risk and compliance management

    What SAP S/4 HANA Finance offers:

    • Built-in ability to use prediction, simulation, and analysis to evaluate the financial implications of strategic business options
    • One common view of financial and operational data, to help ensure enterprise-wide consistency and reduce reconciliation time and errors
    • Optimization of business processes
    • Real-time data across all financial dimensions
    • A beautiful user experience
    • On-premise, hybrid, and cloud deployment options and a nondisruptive migration path

    Achieving a One Day Close with SAP Simple Finance. How?

    Eliminate closing tasks

    • Due to architectural or process changes, a closing task may no longer be required.
    • Example: Many reconciliation tasks (like FI vs. CO) are no longer needed in SAP Accounting powered by SAP HANA.

    Change closing tasks to real - time execution

    • The closing task is no longer executed separately, but it is integrated in real - time into ongoing business activities.
    • Example: Posting expenses to a cost center will automatically derive profitability information. No more explicit settlement.

    Change closing tasks to continuous execution

    • The closing task is not gone, but much smother / faster. Thus, it can be easily run multiple times within the period.
    • Example: IC Reconciliation on HANA does not need any more batch loading and matching – one can run it every day.

    Accelerate remaining closing tasks

    • Significant reduction in run time. The task may still be executed just once at period end for the hard close.
    • Example: Asset depreciation or calculation of production variances.