SAP S/4HANA Finance


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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

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  14. Tips and tricks to ease SAP S/4HANA Finance migration challenges

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

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  41. Tips and tricks to ease SAP S/4HANA Finance migration challenges

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  76. How to Create a Profitability Report Based on Custom Characteristics in SAP S/4HANA

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    Sergei Peleshuk provides an overview of SAP BW/4HANA and key considerations to think about when making the decision to migrate. This content is available to Premium Members. Sign In Learn more about Premium Access
  77. Fast-Track and Maximize Your Move to SAP S/4HANA Finance

    Reading time: 10 mins

    SAP S/4HANA Finance is SAP’s biggest innovation and upgrade since SAP R/3. Architected to take advantage of the advanced in-memory technology and remove the traditional boundaries between transactional, analytical, and planning systems, it provides instant insights with on-the-fly analysis across dimensions and data. Read the transcript of this live Q&A with experts from BlackLine and…...…
  78. Transcending Finance’s Leadership Role Using Groundbreaking Technology of Today and Beyond 2020

    Rapidly changing technologies are allowing finance professionals to emerge from their specialist “bubble” and become increasingly influential partners with their organizations’ C-level business leaders. Across industries, technology is driving new business models and enabling new competitors to enter the market faster than ever. Companies that empower their CFOs and finance organizations to be dynamic business…...…
  79. Demystifying the Ledger, Currency Setup, and Currency Conversion in SAP S/4HANA Finance 1610

    Reading time: 30 mins

    See how the ledger setup, currency setup, and foreign currency valuation features have evolved with SAP S/4HANA Finance 1610. This will help you evaluate if the new features can be used by your company. Key Concept SAP S/4HANA Finance 1610 offers a new feature called a simulation extension ledger.  The simulation ledger is a category…...…
  80. Extending Your Vision of Value

    Reading time: 3 mins

    Changes in technology and in the ways businesses operate have made the finance function increasingly fragmented, with data residing in disparate systems and locations. The Central Finance deployment option for SAP S/4HANA Finance helps finance departments overcome this challenge by enabling a single source of truth for finance data. This article looks at how Central…
  81. Are Your Financial Controls Ready for SAP S/4HANA?

    Reading time: 2 mins

    As organizations are transforming their business with SAP S/4HANA, they’re reinventing business processes and eliminating redundancies to focus more on exceptions and critical tasks, ultimately resulting in better decision making. But a key consideration must be the impact on financial controls and alignment not only with redefined business processes, but also with the next-generation technology…...…
  82. Finance at the Core of Tackling Digital Disruption

    Reading time: 9 mins

    The digital economy is here, and with it perhaps no part of the business is more essential than finance. Whether it’s reporting, compliance, bookkeeping, or predictive analysis, finance plays a central role in anything a business wants to do. It’s no surprise, then, that finance is one of the major components of companies’ digital efforts.…
  83. Finance Is Leading the Way to Digital Change with SAP S/4HANA

    Reading time: 6 mins

    Expectations for financial software have changed. To make insightful, data-driven planning and budgeting decisions, users need real-time access to data via an intuitive user interface, and to provide this, businesses need to digitize their financial processes. This article provides an overview of how SAP S/4HANA can help digitally transform your finance department into an agile,…
  84. Legal Entity Design Considerations in Global SAP Implementations

    Reading time: 7 mins

    Tanya Duncan’s experiences with global SAP finance implementations in Europe, Mexico, and Singapore have all had one commonality: complex legal entity structures. Designing company codes and plants in an SAP system is not always straightforward and this article presents several considerations in building these structures effectively. Key Concept Maquiladora is a factory in Mexico run…...…
  85. A Next-Generation Finance Platform at Carter’s

    Reading time: 9 mins

    Carter’s, Inc., whose business includes the well-known OshKosh B’gosh brand, is the leading brand of clothing items for children in the US. With merchandise sold in more than 1,000 company-owned stores, as well as in most large retail department stores and online, Carter’s has hundreds of thousands of transactions touching its financial systems every day…
  86. Plan Your SAP S/4HANA Finance Implementation with an Understanding of Multicurrency Architecture

    Reading time: 21 mins

    Learn about the multicurrency architecture in SAP S/4HANA Finance and discover how to set up the right solution design aligned to Generally Accepted Accounting Principles (GAAP), external reporting, and internal management reporting needs. Key Concept In both the classic General Ledger and the SAP General Ledger, you can define three parallel currencies in FI, two…...…
  87. sap s4hana finance 1610 image

    Key Steps to Follow During a Migration to SAP Simple Finance 1503

    Reading time: 19 mins

    Learn the necessary configuration, migration steps, post-migration steps, tips, and tricks during an SAP Simple Finance migration. Key Concept SAP S/4 HANA Finance, On-Premise Edition has product versions SAP Simple Finance 1503 and SAP S/4HANA Finance 1605, the latter being the successor of the former. If you want to implement and use SAP Accounting powered…...…
  88. How Will Digital Transformation Impact Your SAP Financials Processes?

    Reading time: 23 mins

    In this Q&A session experts share strategic advice on how visionary companies optimize and automate finance processes to enable fast, accurate, and compliant financial decisions. If you missed the chat or need a refresher, we welcome you to view the online chat replay or read the edited transcript below. Meet the panelists:  Tom Walker is the OpenText…...…
  89. Plan Your SAP S/4HANA Finance Migration with These Tips

    Reading time: 24 mins

    Learn how to plan your SAP S/4HANA Finance migration with some real-life insights. Key Concept In 2014, SAP introduced SAP Simple Finance Add-On 1.0 with many simplifications aimed at streamlining the finance processes at any organization. In 2015, SAP released an updated version, SAP Simple Finance Add-On 2.0, later renamed SAP Simple Finance On-Premise Edition…...…
  90. Accelerate Your Financial Closing with New Line Item Transaction Codes in SAP S/4HANA Finance

    Reading time: 13 mins

    Learn about the new line item browser report transaction codes in SAP S/4HANA Finance and how useful they are compared with the current line item report transactions codes. Key Concept Line item browser report transaction codes are available in SAP S/4HANA Finance only. These codes are not even part of the regular SAP system menu…....…
  91. Prepare Your Landscape for the Migration to SAP S/4HANA Finance

    Reading time: 35 mins

    Whether you are already implementing SAP S/4HANA Finance or you are still in the evaluation stage, you need to learn about the architecture considerations before making the move to better prepare your current SAP ERP system for the migration. Sonam Pawar, A speaker at the upcoming SAP Financials 2016 conference in Singapore, answered questions on…...…
  92. Broad Green Pictures Produces Oscar-Worthy Financials with SAP S/4HANA

    Reading time: 13 mins

    Before a movie can dazzle audiences, a lot needs to happen behind the scenes – especially when it comes to financing the creation and distribution of a feature film. This was a truth that the fast-growing independent movie studio Broad Green Pictures knew all too well. The studio started with basic accounting software, but as…
  93. Everything You Wanted to Know About SAP HANA Accelerators for ERP Financials

    Reading time: 46 mins

    Learn how to use SAP HANA accelerators to run reports and perform relevant period-end closing transactions much faster than with standard SAP ERP functionality. Follow steps on how to set up a connection between SAP Landscape Transformation and SAP HANA. Key Concept SAP HANA accelerators provide instant access to large volumes of data—enabling you to…...…
  94. Swiss Re Transforms Its Reinsurance Finance Division with SAP S/4HANA Finance

    Reading time: 4 mins

    The global 2008 financial crisis presented a multitude of challenges for companies in the insurance industry, including higher pressure on margins and strict regulatory reporting requirements. Swiss Re, a global provider of leading wholesale resinsurance and insurance, was not immune to these challenges. To help overcome these hurdles, Swiss Re undertook a multi-year finance transformation…
  95. New York Life Plans Bright Future for Finance

    Reading time: 6 mins

    New York Life Insurance Company, one of the largest life insurers in the world, is responding to the dramatic changes sweeping through the business world by accelerating its evolution into a more agile enterprise. In particular, the organization is speeding up analytics for real-time insight and improving process efficiencies around data access and management. Discover…
  96. The Power of Real-Time Decision Making with SAP S/4HANA Finance

    Reading time: 8 mins

    Cliff Eng, Partner at PwC, and Birgit Starmanns, Senior Director of Product Marketing for SAP S/4HANA and SAP Fiori at SAP, discuss how SAP S/4HANA Finance addresses today’s most pressing business challenges, touching on compliance, analytics, planning, and the need to become more strategic. This content is available to (General or Premium) members. Sign in…
  97. 5 Areas for Future-Proofing Your Corporate Finance Processes

    Reading time: 3 mins

    Companies understand the critical importance of having full and central control over their finance processes. Yet this is an increasingly challenging proposition, especially for treasurers of large corporations that have many subsidiaries. This article examines five key areas that CFOs can leverage to future-proof corporate finance in the age of big data and fast access…
  98. The Evolution of the Finance Function

    Reading time: 2 mins

    The finance function has evolved into an organization that incorporates real-time, live, dynamic planning cycles and analytics into its processes in a shift toward becoming a strategic, value-added partner to the business. Thack Brown and Henner Schliebs of SAP examine in greater detail how a need for flexibility and speed is being met by advances…
  99. Take Finance into the Digital Age

    Reading time: 8 mins

    In this Q&A, Martin Naraschewski, Vice President of Finance Solutions at SAP, provides insights as to what the digital economy really means for the finance organization and addresses what finance needs to do in order to prepare for a digital platform. He also lays out his vision for the finance function of the future, and…
  100. Gain Insight and Take Action

    Reading time: 6 mins

    In a highly connected business-to-business (B2B) digital economy that values visibility and immediacy in the movement of goods and services along the extended supply chain, finance organizations need to play a central role in a procure-to-pay (P2P) value chain that connects buyers, suppliers, and even value-added partners such as banking institutions into a central hub.…
  101. Transforming Finance

    Reading time: 5 mins

    What can a business accomplish if there are no wait cycles, all of the information you need is at your fingertips, and everything is instantly connected? Chris Horak, SAP Global Vice President, Finance Line-of-Business Solution Marketing, introduces the Achieving Financial Excellence Special Report with an article on why the finance function is embracing digitization and…