SAP S/4HANA Finance (in the past SAP Simple Finance) accompanies a lots of highlights, for example, the universal journal, streamlined outline, and real-time analytics. The new Asset Accounting (FI-AA) module is one case of a financial module that has been upgraded in the S/4HANA suite to build process efficiencies over the life cycle of a benefit.
SAP Simple Finance Training
Since SAP declared the arrival of SAP S/4HANA Finance (at that point called SAP Simple Finance) in mid-2014, there has been a considerable measure of perplexity on what this item was about. A great many people, including the individuals who were SAP clients, imagined that it was a Financial Accounting and Controlling (FI/CO) sub-module that was somehow less complex to arrange than the exertion as of now required in the ERP suite.
What is SAP Simple Finance?
SAP Simple Finance gives an accounting solution powered by SAP HANA. S/4 HANA finance accompanies diverse back and accounting management procedures and support activities effectively. With SAP S/4 HANA Finance, you have the accompanying some releases:
1. SAP S/4HANA Finance 1605.
2. SAP S/4HANA Finance, On-Premise Edition 1503.
3. SAP Simple Finance Add-On for SAP Business Suite fueled by SAP HANA.
Today S/4HANA Finance is accessible as both on premise and cloud versions. The cloud version is ceaselessly improved in roughly quarterly releases. The 1503 release was trailed by 1505, 1508, and 1511. (For those of you who have not made sense of this yet, in the new numbering tradition the initial two digits are for the year (2015 for this situation) and the last two digits relate to the period of the year. The on-preface version is improved on a yearly premise.
SAP Simple Finance Architecture
SAP Simple Finance gives enormous cost and efficient to oversee finance & accounting by utilizing the registering energy of SAP HANA. Universal journal joins all the good characteristics of accounting components. In the past SAP Finance Accounting device, all the parts are independently overseen because of specialized confinements without HANA stage. Before SAP Simple Finance there were lots of challenges, for example, -
SAP S4 HANA Architecture
1. Different level of subtle elements put away in separate parts/tables
2. To move the information to appropriate table for reporting purpose.
3. Multiple BI extractors to analyses full information in BI
4. Reconciliation required for all parts.
With the new architecture of SAP Simple Finance, Universal Journal fills in as a single source for all segments with one detail table.
Key Features of the New Architecture
1. Multidimensional giving an account of Universal journal without performing information replication to BI.
2. Universal Journal as one-line thing table with full detail for every one of the segments. No compromise is required and information is put away just once.
3. Improved basic abilities of the financial solution - multiGAAP, extra currencies, and so on.
4. Support for the current ABAP projects or reports to earlier tables with read access.
SAP Simple Finance- Migration
Migration is latest version of simple finance add-on when you are running on a system- new G/L, classic G/L, or Simple Finance 1.0. New SAP S/4 HANA customer can assume control over their inheritance information utilizing classic migration tools. Migration is very quick and simple. The span is exceptionally small and you can execute at any period end. You needn't bother with another G/L migration service to SAP Accounting controlled by HANA. Changes to coding squares, external interfaces, security, revealing and so forth are discretionary. When you migrate to Accounting on HANA from a great G/L setup, it doesn't support the following situations-
1. Balance sheets at the Profit Center Level.
2. Implementation of document splitting.
3. When you are running on a great G/L demonstrate, it doesn't support new Usage of parallel bookkeeping and segment reporting.
4. Change and Conversion of Chart of Accounts.
There are some migration process steps
Stage 1: System Preparation Phase
The primary stage in the migration project is system preparation phase, where you perform pre-check, information cleanup, consistency of information, shutting undertakings, and reporting.
Stage 2: Installation of SAP Simple Finance Add-On and Other Components
The subsequent stage is the installation of SAP Simple Finance Add On part, setting up HANA Live and SAP Fiori usage to give better tile based UX.
Stage 3: Customizing for Migration
Perform customizing for General Ledger, Asset Accounting, and Controlling.
Stage 4: Data Migration
Perform data migration to move information from the inheritance framework to SAP S/4 HANA framework.
Stage 5: Post Migration Activities
Once the migration is performed, you have to perform cool store and include further data to reports.
Stage 6: Data Checks
The last steps are to play out the keeps checking migrated data, report approval, and test the process.
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