SAP Simple Finance Configuration

SAP Simple Finance Configuration


Simple Finance explained in simple words:-

Simple Finance now called as SAP S/4 HANA is the generation next business suite.
SAP S/4 HANA is an abbreviation for SAP Business Suite 4 SAP HANA. It is a new product of SAP built on advance in memory platform (SAP HANA) and with a new design. SAP has done great simplifications and innovations to help businesses run in a simple manner in this complex and ever changing environment.

Platform on which S/4 HANA runs:-

It runs on HANA platform. The full form of HANA is “SAP High Performance Analytical Appliance’. SAP HANA is an in-memory, column oriented, relational database management system developed by SAP.

SAP S/4 HANA different than traditional SAP:-
Data was earlier stored as rows which slowed down performance, but with SAP S/4 HANA data is stored in both rows and columns which has greatly improved performance.
Traditionally SAP was performing lot of processing in the application layer which was slowing down performance. With SAP S/4 HANA all of the processing has now been removed from the application layer, thus reducing processing time and improving performance. All further developments are no longer done in ABAP.

Users experience in SAP S/4 HANA:-

User experience has been enhanced through SAP FIORI user experience. By using SAP FIORI, user screen can be customized differently, to look different on different applications. On mobile, a custom app can be built to provide approvals or a report to seek information  in SAP.

Advantages in SAP S/4 HANA:-
One of the major advantages of S/4 HANA is reduced data footprint and massive speed of processing data and reducing execution run time.
SAP S/4 HANA provides various options of deployment be it an on premise or cloud or a mix of both.

Innovations galore:-
SAP S/4 HANA has brought fundamental changes in the structure and design of SAP FICO, resulting in a simplified and redesigned SAP FICO.
SAP FI and CO is now converging into one. No aggregate, no indexes and no more redundancies. Reconciliation is now a thing of the past.
SAP has reduced the number of configuration steps required and now giving customer pre-configured SAP.
SAP S/4 HANA’s major innovation being introduction of new ledger called as Appendix ledger which enables a company to reduce data foot print.
GL Master Data maintenance is now simplified and unified in S/4 HANA.
Functionalities which were only available in COPA are now available in New GL now.
SAP has now done away with the boring batch input sessions to be executed; all posting updates are online now.

BI and integrated planning is now embedded in S/4 HANA

Cash management in Simple Finance  is now Netweaver based.

The Bank account id set up is no longer done in SAP but rather done in SAP Netweaver

House banks are now directly maintainable in SAP Easy Access Menu in Simple Finance .

New Asset Accounting (New AA) is now the default solution in Simple Finance. Classic Asset Accounting can no longer be used.

New Asset Accounting is more powerful and has more functionality compared to Classic Asset Accounting.

New transaction codes have been introduced in New AA to handle capitalization of Assets.

Few transaction codes in New AA have now become redundant.

Account based Profitability Analysis is now the default solution in Simple Finance.

Learn SAP Simple Finance configuration which is redesigned. SAP has simplified and combined several configuration steps into one.

Check the preview link of SAP Simple Finance configuration

http://sapficoconsultant.com/pdf/SAP%20Simple%20Finance%20configuration.pdf


You can buy at a special discounted price of 99 USD as against the price of 199 USD which is sold on the website

http://sapficoconsultant.com/index.php/sap-simple-finance-training-%E2%80%93-new-gl


Here is the purchase link for 99 USD

 SAP Simple Finance New GL