SAP S/4 HANA Simple Finance is a financial related application in the SAP S/4 HANA ERP platform. It consists of a set of interconnected financial management functions that provide real-time data from the enterprise resource planning (ERP) applications. SAP S/4 HANA Simple Finance is part of S/4 HANA and is built on the SAP HANA in-memory database platform.  SAP S/4 HANA integrates cross-organizational functions into one system that combines transactional processes and analytics for real-time applications.

SAP Simple Finance is a complete set of financial and accounting management, including financial planning and analysis, accounting and financial close, treasury and financial risk management, collaborative finance operations, and enterprise risk and compliance management powered by the SAP HANA in-memory database platform.

SAP S4 Simple Finance Innovations

SAP Simple Finance incorporates the complete financial management portfolio is covered by SAP S/4 HANA Simple Finance. There are considerably enhanced or brand new innovations accessible in each finance area, which are featured below.

1. Financial Planning and Analysis (FP&A)

In Financial Planning and Analysis, you can accelerate planning cycles, increase productivity, and make finance functions more efficient.

SAP BPC version for SAP Netweaver, enhanced for SAP S/4 HANA Simple Finance, provides your organizers locate real-time master data and collections in SAP ERP externally data replication. With one general financial planning design, you can run end-to-end reproductions and faster planning cycles.

·         Embed your end-to-end planning procedure and utilize constant operational data to eliminate  time lags and redundancy

·         Run on-the-fly financial analysis at any level of granularity using a single table in-memory

·         Support the whole financial planning lifecycle – including development, updates, and reporting

·         Create ad hoc reproductions of organizational changes or new business models directly in ERP system

2. Accounting and Financial Close

Enhance compliance and control, and reduce closing workloads and expenses with SAP S/4 HANA Finance processes for accounting and financial close.

SAP Accounting combines financial and accounting management and productivity information into one universal diary. It abolishes totals, files, and other pre-defined aggregates, and depends on line things as a single source of truth.

 Fixed Asset Accounting for SAP HANA is integrated into the all - inclusive architecture, so there is no redundancy of data. Multiple parallel documents for all valuations are posted in real time to ensure correct values from the beginning.

·         Execute closing assignments and between period processes continuously

·         Operate real-time reporting with comprehensive drill-down by any measurement

·         Use an individual, consolidated data model to analyze processes, increase productivity, and reduce risk

·         Simply achieve reduction runs with simplified processing logic and data structures

·         Leverage line thing postings for each and every single asset, taking into detailed reporting

3. Treasury and Financial Risk Management

With treasury and financial risk management, you can correctly calculate cash flow, maintain liquidity, and moderate risk. Integrate cash flows, transactions, commodity positions, and market data. And optimize straight-through processing with full-view and real-time analysis, audit trails, and compliance reporting.

SAP Cash Management gives global cash points in real time, even in the behavior of different backend systems. New abilities give a comprehensive analysis of determined cash flows – so you can bring greater levels of flexibility to cash balances, cash requirements, and liquidity procedures.

·         Integrate cash flow  investigation

·         Integrate advertising arranging, including liquidity arranging lifecycles

·         Get advantage of extensive central bank account management

·         Get real-time perceivability of bank balances and cash exposures

·         Increase executive engagement with a natural and modern user interface (UI)

4. Collaborative Finance Operations

For collaborative finance operations, you can quickly respond to alternating market dynamics. Automate receivables and payables processing, transform assigned services performance, and streamline travel management – all while reducing costs.

SAP Receivables Management develops functioning capital and financial strength by utilizing real-time receivables data to evaluate customer credit risk, streamline billing, determine conflicts and prioritize customer groups to overcome day’s sales leading.                              

·         Monitor client installment conduct progressively

·         Make proactive choices with exception-based receivables management

·         Determine a client's best line commitment with simplified analysis

·         Improve compromise and analysis with intuitive search capacities and convenience

·         Use significant, real-time data to shape client interactions

5. Enterprise Risk and Compliance

In enterprise risk and compliance, you can automate risk, compliance, and international exchange activities. By proactively minimizing risk and compliance violations, the software makes it easier to optimize business operations, protect assets, and improve financial execution.

Enterprise Risk and Compliance Management provides you want to identify, review, and prevent cheating. The software utilizes advanced rules and algorithms on Big Data to identify and predict fraudulent behavior, issue alerts, and block fake activities.

·         Process high volumes of data to enable real-time fraud detection at the transaction level

·         Centralize fraud management to optimize investigation and monitoring

·         Minimize false alarms by calibrating detection strategies and running real-time simulations

·         Model detection strategies and carry out simulation to predict new fraud patterns

·         Harmonies data to exposes potential duplications or erroneous, fraudulent entries

SAP Simple Finance Online Training

We at SAPVITS offer SAP Simple Finance Online Training. Learn SAP Simple Finance Training by real time Industry experts, have a free Demo on SAP Simple Finance Course. SAP S/4 HANA Simple Finance Course is designed to make you an expert in developing finance solutions. We provide SAP Simple Finance Training Material designed by experts and also give life time access to the recorded SAP Simple Finance Videos which you have attended. Visit us for SAP Simple Finance Tutorial in Hyderabad, Bangalore, Chennai, and Pune India.

At SAPVITS to attend Free Live Demo on SAP Simple Finance Module enroll now: https://goo.gl/HYV5qK

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