SAP Simple Finance Training Material (1)

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SAP S4 HANA Simple Finance Training What is SAP
Simple Finance?
SAP Simple Finance is a complete finance solution
based on SAP HANA, which can be utilized in the
cloud or on-premise. SAP Simple Finance is also
called SAP S/4 HANA Simple Finance. Designed to
be simple to utilize, it can give immediate
insight for finance specialists. It improves the
present finance solution portfolio from SAP,
maintaining its functional strength while
enabling non-disruptive migration. Simple
Finance consists of a set of interconnected
financial management functions that give real-
time data from the ERP applications. SAP S/4 HANA
Finance is part of S/4 HANA and is based on the
SAP HANA in-memory database platform. S/4 HANA
coordinates cross-organizational capacities into
one system that combines transactional
processes and analytics for real-time
applications. For the front end, SAP S/4 HANA
Finance uses SAP Fiori for a consumer-like and
personalized User Experience. SAP Simple Finance
is intended to remove traditional barriers
between transactional, analytics, and planning
systems to provide instant insights and
on-the-fly analysis using all levels of
financial data. A business decision maker, for
example, can use SAP S/4 HANA to model data and
create estimates of possible determinations
using real-time financial data from
different systems. How has it been built? SAP
Simple Finance is the latest version of SAP ERP
Financial Controlling, which has been rebuilt
based on the SAP HANA models in order to
get full advantage of the opportunities
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• offered by SAP HANA and to get cleared of any
  conditions of constraints coming from the disk-
  based database models, which no longer apply.
• In these terms, SAP Simple Finance has
  built a completely new data model for the
  SAP Financial modules, where all aggregates,
  sub-totals, and stabilization tables have been
  reduced. The new financial data model will
  contain the data related to Finance,
  Controlling and Profitability Analysis (CO-PA)
  modules.
• The SAP Simple Finance user interface will be
  SAP Fiori, allowing personalized, modern and
  regular user experience across the applications,
  and for any device (desktop, tablet, mobile).
• What is the SAP Simple Finance offering?
• Enable high-speed real-time analytics at
  most granular level across all
  financial dimensions without any limitations.
• One common view of real-time harmonized
  financial and management accounting data for
  all subsidiaries, to help assure enterprise-wide
  flexibility and reduce adjustment time and
  errors.
• Built-in ability to use prediction,
  simulation, and analysis to estimate the
  financial connections of strategic business
  options.
• Optimization of Business Processes Event-driven
  processes with real-time execution.
• SAP Simple Finance - Key Features
• Following features are available for SAP Simple
  Finance

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• Using Predictive Analysis, organizations can
  find the risk in financial processes at an
  early stage and device ways to mitigate
  them. It is easy to find the best
  possible investment rates as per market
  standards.
• Risk and Compliance Management
• Using strong financial processes, it is easy
  to prevent unauthorized access to sensitive
  data in the organization. It is easy to
  detect fraud and abuse, and organizations
  can proactively balance the risk for all the
  financial processes.

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• Current situation of SAP Simple finance
• The technical software components of SAP Simple
  Finance Training have successfully passed
  ramp-up and are generally available since August,
  1st.
• The software has been released for all
  Industries with the exception of Joint
  Venture Accounting for Oil Gas and Mining.
• It is localized for all 62 country versions.- sap
  simple finance online
• Released Fiori User Interfaces for GL-, AP-
  and AR-Accountants plus Cash Managers are
  localized for 39 of the 62 countries (incl. US,
  Canada, Germany, UK, Netherlands, Australia,
  Japan, Brazil, and Mexico).
• Functionality and benefits of Simple Finance
• It is called as the single source of truth which
  means we will be having one data entry table
  which is called as universal journal entry table,
  which contains all the GL, CO, ML, Access
  accounting all the information will be stored in
  one single table.
• It has got real-time process using SAP HANA
• It has got no data footprint, which means
  it has got no totals table and no
  secondary indices which mean reduction of data.
• As you will get a real-time result it is more
  profitable to the organization.

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