SAP S/4HANA Finance


What is SAP S/4HANA Finance?

Initially released in 2014, SAP S/4HANA Finance is the core financial solution for SAP customers, designed to leverage the SAP Fiori user interface and in-memory computing power of HANA. Previously referred to as SAP Simple Finance and SAP ERP Financials, SAP S/4HANA Finance provides multiple innovations, such as the Universal Journal single source of truth, allowing organizations to streamline financial processes, with real-time updates and reporting, across a simplified data model for storing financial and managerial accounting information.

What is SAP S/4HANA Finance?

Initially released in 2014, SAP S/4HANA Finance is the core financial solution for SAP customers, designed to leverage the SAP Fiori user interface and in-memory computing power of HANA. Previously referred to as SAP Simple Finance and SAP ERP Financials, SAP S/4HANA Finance provides multiple innovations, such as the Universal Journal single source of truth, allowing organizations to streamline financial processes, with real-time updates and reporting, across a simplified data model for storing financial and managerial accounting information.

Many SAP ERP customers utilize SAP S/4HANA to manage core business functions that enable timely and accurate financial operations and reporting, such as accounting and finance, financial planning and analysis, financial risk management, and risk and compliance management. SAP S/4HANA Finance is a powerful and versatile system that can be deployed in multiple ways to suit your organization’s needs.

Key features of SAP S/4HANA Finance include:

  • Unified real-time data model for storing all finance-related information
  • Enhanced financial closing capability
  • Centralization of account payables and account receivables
  • Predictive accounting
  • Embedded analytics

Key Considerations for SAPinsiders 

Start thinking about your SAP S/4HANA Finance journey now. In 2027, SAP expects to cease all new development for the core ERP and sunset support, requiring organizations to transition to S/4HANA Finance. Organizations that have yet to make the move to SAP S/4HANA Finance need to begin planning and develop a viable roadmap or risk falling behind their peers.

Reduce compliance risks by properly archiving financial information prior to SAP S/4HANA Finance transition. The size of your financial database directly impacts both the complexity and cost, which often leads to long timelines for moving everything over as well potential compliance risks that need addressing before they can be done. Achieve a high level of data protection by archiving critical financial information before it impacts performance, cost, or availability. Evaluate requirements for data cleanup to transfer historical data securely.

Leverage Central Finance in transition to SAP S/4HANA Finance as an opportunity to optimize core finance functions.Consolidating data from multiple sources and creating a single summary of the information is difficult. Central Finance can make this process easier, as it simplifies everything into one easily accessible place for greater visibility. Organizations can empower SAP S/4HANA Finance modules, applications, and extensions end-to-end with more accessible financial information.

101 results

  1. customization

    Customizations Challenge SAP S/4HANA Finance Adoption

    Reading time: 3 mins

    Data from our recent research on SAP S/4HANA Finance and Central Finance shows SAPinsider organizations increasingly recognize the potential benefits of SAP S/4HANA Finance, and we expect to see continued adoption in the coming years. SAP S/4HANA Finance offers many advantages over traditional SAP ERP financial accounting and reporting methods, including improved accuracy, transparency, and…...…
  2. SAP S/4HANA Finance and Central Finance State of the Market 2022 Research

    SAP S/4HANA Finance and Central Finance: State of the Market 2022 Research

    May 23, 2022

    As the operating environment grows more complex, it becomes even more important to have a clear and well-defined strategy for finance and accounting innovation. Our research shows that finance and accounting teams are accelerating their embrace of innovation. We found implementation increased across all technologies that support finance and accounting strategy, relative to our 2021…...…
  3. SAP S/4HANA Finance

    SAP S/4HANA Finance and Central Finance: State of the Market 2022 Research

    Reading time: 1 min

    SAP S/4HANA Finance and Central Finance: State of the Market 2022 Research In This Report: SAP S/4HANA Finance and Central Finance: As the operating environment grows more complex, it becomes even more important to have a clear and well-defined strategy for finance and accounting innovation. Our research shows that finance and accounting teams are speeding…
  4. Joerg Kaschytza

    Keep the Best – Transform the Rest: How to Harmonize Finance on Your Way Towards a Global SAP S/4HANA

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  5. Steve Otwell

    Managing the Complexity of Bank Connectivity for SAP S/4 HANA

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  6. Mary Sibley

    Your Future with SAP S/4HANA & Finance

    Recognize how SAP S/4HANA increases your value You know by now that SAP S/4HANA is SAP’s ERP system of the future. But what does it mean for you and your organization? How will it impact your processes especially when it comes to finance and accounting? Or the way you do business? In this session Mary…
  7. Paul Ovigele

    SAP S/4HANA Finance: Revolutionizing and Modernizing Your Financial Processes

    Massive database sizes directly impact the complexity and cost of cloud migration, and often impact not only migration timelines, but also the possibility of compliance risks. The solution: Controlling data volumes by safely archiving data before it impacts performance, cost, availability, and migration success. Join this session hosted by Virtustream’s Lofan Leung, Director of Go…
  8. Mitresh Kundalia

    Tips and Tricks to Ease SAP S/4HANA Finance Migration Challenges

    Are you ready for your finance project? Your SAP S/4HANA Finance budget is approved, but are you ready to start your SAP S/4HANA Finance project? Are your existing processes consistent for you to successfully migrate? Understand the key data objects (such as customers/vendors, consistent items and balances, consistent FICO setup and more) that you need…
  9. Mitresh Kundalia

    Migrate to SAP S/4HANA Finance from Classic to SAP S/4HANA

    Will you choose SAP S/4HANA Finance OR SAP General Ledger? If you are a Classic Ledger setup and have decided to migrate to SAP S/4HANA, one of the most important decisions you have to make is whether to migrate to SAP S/4HANA Finance directly in one-step OR in two-steps via SAP General Ledger (formerly known…
  10. The New Normal – Finance Lessons Learned from the Global Pandemic

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