Wednesday, June 13, 2018

S/4 HANA Finance - An overview


SAP S/4 HANA Finance (in the past called SAP Simple Finance) incorporates numerous new highlights, for example, the all inclusive diary, streamlined outline, and constant examination. The new SAP Asset Accounting (FI-AA) module is one case of a monetary module that has been upgraded in the S/4HANA suite to expand process efficiencies over the existence cycle of an advantage. Since SAP declared the arrival of SAP S/4HANA Finance (at that point called SAP Simple Finance) in mid 2014, there has been a ton of perplexity on what this item was about. A great many people, including the individuals who were SAP clients, believed that it was a Financial Accounting and Controlling (FI/CO) sub-module that was somehow more straightforward to design than the exertion right now required in the ERP suite. Having experienced the disarray around SAP S/4HANA Finance, I chose to assemble an outline of what SAP S/4HANA Finance implies from a business point of view. To start with, to comprehend what SAP S/4HANA Finance is, it is basic to comprehend SAP's excursion with SAP HANA, as SAP HANA is inseparably connected to SAP S/4HANA Finance as well as SAP's DNA.

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What Is S/4 HANA Finance?

Before I answer this inquiry, let me clarify what SAP S/4HANA is. It is the SAP ERP 6.0 suite that is completely equipped for running on a SAP HANA database. SAP S4/HANA Finance makes that a stride further. Certain key parts of the previous FI/CO suite have been recoded with the goal that they can take full preferred standpoint of SAP HANA's potential. SAP Simple Finance (adaptation 1.0) that was discharged in 2014 was the extra SAP HANA-enhanced variant for the Financial Accounting module in SAP Business Suite. In correlation, SAP Simple Finance 2.0 is a piece of the SAP S/4HANA item that was discharged in 2015. SAP Simple Finance 2.0 is the upgraded and recoded successor of SAP Simple Finance 1.0.

The practical/center segment: SAP gives the different back abilities and upgrades as a component of the useful/center segment. You should be on at any rate SAP Net Weaver 7.4, SAP ERP Central Component (ECC) 6.0 Enhancement Package 7, and SAP HANA variant 1.0 to have the capacity to think about a relocation or move up to S/4HANA. A movement to S/4HANA from ECC 6.0 is a useful update that includes the relocation of value-based tables.

The introduction/client encounter (UX) part: This SAP Fiori-based GUI segment causes you associate with the center segment through the easy to use Fiori screens. It requires SAP Net Weaver 7.4 and SAP Gateway variant 2.0. Note this is a discretionary segment and you can proceed with your current SAP GUI or Net Weaver Business Client as your UI. The detailing/examination segment: This segment empowers continuous announcing and investigation utilizing pre-bundled HANA Live perspectives. The requirements for establishment are SAP HANA Live 1.0 for SAP ERP and SAP HANA. This too is a discretionary part. Application part: This segment is a gathering of diagnostic applications in the Financials suite for enter money related leaders in an endeavor.



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