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.
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SAP S/4HANA Finance and Central Finance: State of the Market 2022 Research
In This Report: 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… -
Keep the Best – Transform the Rest: How to Harmonize Finance on Your Way Towards a Global SAP S/4HANA
Is this witchcraft? The classical path to drive innovation in Finance and Accounting in an SAP S/4HANA program is to start with a new system from the scratch. This implies a longterm project – especially for global organizations working in multi system environments. In the past years more global SAP customers tend to shrink project… -
Managing the Complexity of Bank Connectivity for SAP S/4 HANA
With over 90% of survey respondents indicating that bank connectivity was one of the most complex aspects of their ERP transformation, Kyriba helps show how to remove this complexity and reduce both the risk and cost of your S/4 HANA transformation. -
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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… -
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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… -
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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… -
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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… -
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The New Normal – Finance Lessons Learned from the Global Pandemic
Learn how to adjust in order to thrive and not just survive in "The New Normal". Finance teams will have to make adjustments to their architecture including people, process, culture, and technology to adapt. Confronting a historic level of uncertainty has rendered traditional methods of data analytics, forecasting, and scenario planning all but useless. Predictions… -
Securing Finance and ERP Data with Encryption, Tokenization and Key Management
SAP’s Finance and ERP applications contain some of the most sensitive data in the organization which make them attractive targets for hackers and privileged insiders. Additionally, industry groups and governments often regulate the data in these applications by articulating the level of security organizations must wrap around their sensitive information. In fact, from GDPR to… -
Magnitude Acquisition Accelerates insightsoftware’s Global Growth Strategy
By Ogo Nwanyanwu, Research Director, SAPinsider Bas Kamphuis Talks Growth Opportunity for Magnitude after insightsoftware Deal insightsoftware, a provider of financial reporting and performance management solutions, recently closed the acquisition of Magnitude, a global provider of operational reporting and continuous intelligence solutions. The financial terms were not disclosed. The two companies are coming together…...… -
Demand for Cloud-based Finance Technology
In his article “Complexity Drives Demand for Cloud-based Finance Technology,” SAPinsider’s Research Director Ogo Nwanyanwu shares insights from his latest research and interactions with the SAP finance community. Nwanyanwu explains that transforming core finance functions and moving to cloud-based SAP ERP deployments are top priorities for organizations he surveyed. Pressure to reduce the cost and… -
Trintech and Planful Partnership
by Ogo Nwanyanwu, SAPinsider, Research Director, Financial Management & Technology Trintech and Planful Announce Strategic Global Partnership Trintech, a financial close automation software company, and Planful, a cloud financial planning & analysis (FP&A) software company, recently announced a strategic global partnership. The agreement provides mid-sized organizations with integrated, automation solutions for end-to-end finance and accounting processes. Grant Halloran, CEO of Planful, comments on the opportunity with Trintech, “This… -
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Are We There Yet – or Not? Strategies for driving and supporting finance automation with SAP S/4HANA
The move to SAP S/4HANA has motivated many organizations to reexamine their current portfolio of highly customized and inefficient processes. Many are considering a combination of standardization and automation to take their processes to the next level especially in the finance function which historically incudes many repetitive tasks. This session will explore how SAP S/4HANA… -
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Tips and tricks to ease SAP S/4HANA Finance migration challenges
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 for clean and safe transition. Attend this… -
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Tips and Tricks to Ease SAP S/4HANA Finance Migration Challenges
Your SAP S/4HANA Finance budget is approved, but are you ready to start your SAP S/4HANA Finance project? Is your existing data consistent enough for you to successfully migrate? Understand the key data objects (including customers/vendors, consistent items and balances, and consistent FICO setup) that you need for a clean and safe transition. By attending,… -
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The State of the Market of Financial Management
Join this session to hear the latest results and analysis from SAPinsider's Head of Research on the state of the art of financial management and SAP's feedback. Learn from Martin Naraschewski about how SAP innovations are helping customers transform their finance functions – and how the powerful insights finance can provide can help steer businesses… -
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SAP Solution Roadmap for Supporting Financial Management
The state-of-the-art financial management applications are always evolving with the availability of new technologies. Join this session to learn about the key areas of investment and innovation for the SAP engineering team, across the record-to-report and financial planning and analysis processes in SAP S/4HANA. Understand how the latest solutions related to SAP S/4HANA (Group Reporting,… -
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Drive Optimized Planning & Analysis powered by SAP S/4HANA and SAP Analytics Cloud
Financial Planning and Analysis is one of the biggest pain points of SAP customers according to recent SAPinsider research, and is also one of the largest areas of investment that organizations are undertaking, as they realize how critical this discipline is to their overall success. Attend this interactive session to gain an understanding of how… -
SAP Customer Journeys Lead to Finance Transformation
The drive to transform finance with SAP S/4HANA can stem from several factors — the need to standardize processes, mergers and acquisitions activity, a growing global landscape, or a combination of these dynamics pulling on the enterprise. It’s a journey that goes beyond technology and requires the human element for success. During SAPinsider’s March 2020… -
Photonics Manufacturer Transformed Its Financial Operations
On a mission of “enabling the future through light,” Excelitas Technologies Corp. is a global technology leader focused on manufacturing photonics components. To support the company’s heavy acquisition strategy, Excelitas needed to embrace the 21st century, says Vice President for Global Business Services Robert Ersoni, by addressing the organization’s greatest challenge — integration. Excelitas needed… -
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Delivering Exceptional Customer Experiences
Walgreens Boots Alliance’s (WBA) ability to continue to deliver exceptional customer experiences in over 9,000 Walgreen’s stores in the US and through expanded omnichannel capabilities requires efficient processes and real-time visibility into operations. Learn about the transformation initiative underway to modernize the company’s core business processes so access to better data in real-time empowers all… -
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How Microsoft enabled simplified Finance Processes and Reporting in SAP S/4HANA for MS Federal
In under a year, Microsoft designed, built, and launched an entire new satellite landscape to support the new MS Federal entity. Leveraging S/4 Hana and the Azure Government Cloud, a greenfield satellite was carved out from the main corporate system. The accelerated timeframe required rethinking processes, and leveraging new technology to enable reporting in new… -
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Drive actions and gain insights from the transformation of your SAP Finance data
When it comes to securing SAP S/4HANA business applications, organizations tend to face three key challenges: 1. How to enable the application security team to prioritize the necessary cybersecurity actions 2. How to give the CISO insight into application security risk activities 3. How to bridge the gap between the problems faced by the CISO… -
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Unleashing next generation Finance – building your intelligent Finance platform with SAP S/4HANA
The last 12 months have forced the Finance function to evolve more rapidly and more drastically than ever imagined. Fully automated accounting and compliance is a must to scale and real time insights aren’t a luxury anymore. They can be the difference in your company’s survival. In this session, we’ll provide a step-by-step plan to… -
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Enabling business transformation with SAP S/4HANA
Many organizations are currently undergoing or planning a business transformation with SAP S/4HANA. However, many of these transformation initiatives fail to deliver the forecasted benefits to the business. Join this session to learn essential elements to include in your migration roadmap to ensure a successful deployment. Attendees will discover how to: - Identify the business… -
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SAP S/4HANA Finance expert panel discussion
Attend this interactive panel discussion where you can get your most important questions answered about the move to SAP S/4HANA and its impact on finance and accounting teams. Learn how SAP S/4HANA impacts your core financial processes and data, and what you need to do to prepare for this important transition. You will: - Understand… -
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Benefits of moving to SAP S/4HANA Finance
Although SAP S/4HANA has been available for over five years and been deployed at thousands of customer sites, not everyone is aware of all the potential benefits that it brings to finance departments that are currently using SAP ECC. There is much to learn and many questions to be answered. Attend this session for an… -
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Panel | SAP S/4HANA Finance customer journeys: Innovative business use cases that have delivered ROI
Line of Business leaders are under pressure to deliver superior business results. Leveraging SAP S/4HANA for the right use cases can unlock high value and the potential to drive business results to new highs. Attend this panel discussion, hosted by the SAP Chief Customer Office, SAP S/4HANA and Analytics Ambassador Program, and hear from customers… -
Technologies and Strategies Driving Trends in Finance
Finance and accounting serve as the centerpieces of a company’s ERP strategy. SAPinsider’s research consistently shows that new upgrades and innovations related to SAP technology — whether related to SAP S/4HANA or automation — start with finance. Automation has been identified as a priority for the finance function. A majority of finance and accounting survey respondents — 87% — said in the latter half… -
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Simplifying SAP S/4HANA across complex banking needs
Global banking connectivity can be one of the most complex components of an ERP project. With every bank requiring their own specific format structures which can even vary between branches at the same bank, IT and SI integration team have a significant manual build as part of the project. Learn how a bank connectivity platform… -
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Unearth the hidden secrets of parallel currencies in SAP ERP Financials
Functional currency. Group currency. Hard currency. Index currency. Controlling area currency. Ledger currency. Global currency. Add to these the complexities associated with parallel valuations — such as legal valuation and group valuation — and it is easy to see why currencies are one of the most misunderstood (but also most powerful) features of SAP ERP… -
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Migrate to SAP S/4HANA Finance from Classic to SAP S/4HANA directly in 1-step or 2-steps via New G/L
If you are a Classic Ledger setup and have decided to migrate to SAP S/4HANA, one of the most important decisions you must make is whether to migrate to SAP S/4HANA Finance directly in one-step OR in two-steps via SAP General Ledger (formerly known as New G/L). Now, both the options are available. Both the… -
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Strategic and technical considerations for SAP S/4HANA Finance transition
As a key stakeholder, you want to transition from the classic General Ledger to the latest and greatest and there are many options: SAP General Ledger, SAP S/4HANA Finance, Central Finance, and more. Attend this in-depth session to gain a deep understanding of various strategic and technical considerations you must be ready with before you… -
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SAP S/4HANA Finance: Revolutionizing and modernizing your financial processes
Although SAP S/4HANA has been available for over five years and been deployed at thousands of customer sites, not everyone is aware of all the potential benefits that it brings to finance departments that are currently using SAP ECC. There is much to learn and many questions to be answered. Attend this session for an… -
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How Finance Departments can Benefit by Moving from SAP ECC to SAP S/4HANA
Although SAP S/4HANA has been available for over five years and been deployed at thousands of customer sites, not everyone is aware of all the potential benefits that it brings to finance departments that are currently using SAP ECC. There is much to learn and many questions to be answered. Attend this session for an… -
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Keynote | The State of the Market of Financial Management
Join this session to hear the latest results and analysis from WISPub’s Head of Research on the state of the financial management market and SAP's feedback. Learn from Martin Naraschewski and Michel Haesendonckx about how SAP innovations are helping customers transform their finance functions – and how the powerful insights finance can provide can help… -
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Tips and Tricks to Ease SAP S/4HANA Finance Migration Challenges
Your SAP S/4HANA Finance budget is approved, but are you ready to start your SAP S/4HANA Finance project? Is your existing data consistent enough for you to successfully migrate? Understand the key data objects (including customers/vendors, consistent items and balances, and consistent FICO setup) that you need for a clean and safe transition. By attending,… -
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How does SAP HANA Revolutionize Finance?
High volumes of data have overwhelmed Finance teams with more information than they utilize. In this session, you’ll learn how you can leverage your investment in SAP technologies to expedite your Corporate Performance Management (CPM) processes — close, consolidation, planning, analysis, reporting, disclosure, and compliance. Join this session to: Learn how the two platforms work…...… -
Position Your Business to React and Adapt to Any New Regulations with Ease
In the increasingly complex and regulated business landscape, compliance is a top concern for companies of every size, in every industry. In the past few years, major standards have appeared in two finance and accounting compliance areas that cut across industries. First, revenue recognition standards provide new guidance on one of the most important measures… -
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How to Boost Profitability Performance by over 10X on SAP HANA
Learn how organizations can leverage their investment in SAP to expedite profitability analysis, harness granular data, and gain greater insights into results. Learn how other SAP customers have moved their profitability modeling & analysis into the cloud with a trusted, SAP centric solution. CCH Tagetik, a certified 'powered by SAP HANA' solution, goes beyond basic… -
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Tips and tricks to ease SAP S/4HANA Finance migration challenges
Your SAP S/4HANA Finance budget is approved, but are you ready to start your SAP S/4HANA Finance project? Is your existing data consistent enough for you to successfully migrate? Understand the key data objects (including customers/vendors, consistent items and balances, and consistent FICO setup) that you need for a clean and safe transition. By attending,… -
Integration Tools and Strategies for SAP S/4HANA
As organizations continue their transition to SAP S/4HANA, more are focusing on making it a single source of integrated business and financial data. SAPinsider has observed this trend in multiple reports in 2020 starting in April as a strategy being pursued by 42% of respondents in our SAP S/4HANA Finance: State of the Market report,… -
Penn State University Re-Imagines Business Processes and Financial System with SAP S/4HANA
Relying on decades-old technology can cost institutions time, money, and valuable manpower. The importance of a digital transformation strategy is expected to accelerate as universities look to adapt to the ongoing pandemic. In this case study, Penn State University serves as an example of how important digital transformation projects can be to an institution of… -
Answers to Burning Questions on SAP S/4HANA Finance, Central Finance, Universal Journal, and More
Read this recap of a live interactive Q&A from the SAPinsider 2020 conference where SAP finance expert Paul Ovigele, President and Founder of ERPfixers, shares his insights on what finance departments need to know about the new capabilities delivered with SAP S/4HANA. -
Business Partner Creation for Intercompany Customers and Vendors
This article provides step-by-step instructions for setting up Intercompany Vendors and Intercompany Customers using the required Business Partner object in SAP for new SAP S/4HANA customers. Detailed screen shots and Best Practice proposed naming conventions are provided. By following the recommended approach, you will benefit when building the foundation for your cross-company scenarios with a(n):… -
How Zurich used BlackLine to move to SAP S/4HANA
Zurich North America Uses BlackLine Solutions for Automation & Control During Transformation Find other insightful content from BlackLine on their Vendor Showcase -
4 Ways BlackLine Enables Successful SAP S/4Hana Implementations
Accounting and finance teams credit BlackLine with adding value throughout the transition to SAP S/4HANA. Find other insightful content from BlackLine on their Vendor Showcase -
Evolve Your Planning and Reporting with CCH Tagetik on SAP HANA
Managing a business on a legacy platform is challenging. Learn the top three warning signs to look out for, and learn how to save time, save money, and how to lower your risk. Find other insightful content from Wolters Kluwer | CCH Tagetik on their Vendor Showcase -
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SAP S/4HANA Finance: State of the Market Benchmark Report
Finance departments today face increasing demands to deliver real-time reporting and analysis from a broader array of sources on top of fulfilling their historical responsibilities. Whether this involves integrating data from multiple systems into one centralized platform in order to conduct that reporting, or streamlining operations to free up resources to perform these new tasks,…...… -
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Your Guide to Generating Predictable Revenue Streams with SAP S/4HANA
This article will shed some light on subscription order management (SOM), which has been folded into the SAP S/4HANA digital core. You’ll learn how SOM can empower organizations to evolve their business model into one capable of selling products-as-a-service to generate new and predictable revenue streams. This content is available to Premium Members. Sign In… -
Revolutionizing and Modernizing your Financial Processes with SAP S/4HANA Finance
A former accountant himself, Paul Ovigele, SAP Consultant and Founder and CEO of ERPfixers, understands this group’s mindset. “You can’t just hand an accountant a shiny new thing like SAP S/4HANA Finance and expect them to get excited. They want to get to the bottom of exactly what the benefits are and whether the benefits… -
Three Questions to Help You Understand Current Finance Strategy for Moving to the Cloud
In Q4 of 2019, SAPinsider surveyed 102 members of our audience for an upcoming report, “Streamlining Financial Processes in the Cloud,” to understand their current finance strategy, whether that involves cloud-native solutions, and how they plan on meeting their strategic needs and objectives. We found that the majority (54%) ran at least one financial solution…...… -
It’s Time for Finance to Captain the Boat
Financial planning and analysis (FP&A) is a top financial concern for SAP customers, according to a recent SAPinsider benchmark report, “SAP S/4HANA Finance: State of the Market,” where more than 400 individuals across all lines of business from nearly 150 companies were surveyed regarding their strategy for SAP S/4HANA Finance. However, many organizations are still… -
The Present and Future of Financial Planning and Analysis
Financial planning and analysis (FP&A) professionals benefit from understanding new practices that make their peers successful. SAPinsider’s research report on Assessing Intelligent Automation in Finance examines how leaders are choreographing their success in the dance between technology vision and business pragmatism. Combined with the FP&A elements of our Deploying SAP S/4HANA research, some interesting… -
Streamlining Financial Processes In The Cloud Report
Finance departments now have many software tools and options at their disposal to automate and assist in budgeting, analysis, billing, accounting, purchasing, reporting, and more. Unfortunately, if these tools do not integrate and synchronize with the organization’s core ERP, deploying these solutions can result in more work and dedicated resources to exchange information between systems,… -
SAPinsider Financials Collection
The top 8 articles to help you better drive accounting, controlling and planning and prepare for SAP S/4HANA. -
Access Your Financial Content Bundle
Access to all of the resources in this Financials Content Bundle. Register below to gain the latest insights with SAP Financials tutorials, tips and training content from SAP Experts. -
What Business Users Can Expect from the New Functionality in SAP S/4HANA Finance
As SAP customers start to adopt SAP S/4HANA Finance, they want to know how the new solution differs from their current SAP ECC implementation and what new capabilities it presents. This article will help to illuminate how these SAP S/4HANA Finance innovations provide business users more efficiency and automation, which in turn allows finance and… -
Key Considerations for Migrating Your SAP Finance Operations to SAP S/4HANA
Many SAP customers are voicing apprehension about migrating their finance operations to SAP S/4HANA, not sure of what is in store for them and how best to prepare for the shift. This article focuses on two major considerations for SAP customers making the move: implementing the material ledger and moving to account-based profitability analysis. As… -
Technical Guide: Add Currencies using S/4HANA Finance 1809
Traditionally, once you have gone live in a production system, the SAP system gives you a warning message (Figure 1) when you try to add a currency in the ledgers definition, and you then need SAP System Landscape Optimization (SLO) service for such a change in your currency setup. Figure 1 – Issue when adding… -
SAP S/4HANA Finance 1610
SAP S/4HANA Finance 1610 provides users with the flexibility of using two main currencies plus eight freely definable currencies. The translation of the user-defined currencies, whether real time or not, is based on the currency configuration completed after executing transaction code FINSC_LEDGER. The eight freely definable currencies allowed by SAP S/4HANA Finance 1610 are available… -
Strategic Versus Standard Financial Planning in Healthcare Using SAP BPC
Building a standard financial planning, budgeting, and forecast model in healthcare presents a daunting challenge because the key performance indicators (KPIs) are unique to each organization and the market conditions are ever changing. The KPIs for a cancer specialty research center may be quite different from those of a group of family medicine practitioners or… -
Accelerate Your Finance Shared Services Transformation and Centralized Reporting
New features have been introduced in SAP S/4HANA 1709 that enable enterprises to leverage the benefits of shared services for certain financial processes along with added reporting flexibilities. In this blog, I provide a quick overview of the innovations in SAP S/4HANA 1709 along with some key considerations and limitations while implementing them. I focus… -
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The Sweet Taste of Success
The Hershey Company, known for its chocolates, sweets, mints, and snacks, is a household name for many families around the world. Founded in 1894, Hershey continues to expand its business across 70 locations and 80 brands. With 4,104 accounts and growing, the reconciliation process soon became too unwieldly for the finance department to maintain as-is.… -
Build Your Business Case for SAP S/4HANA & NextGen Financial Technologies
Panelists: Molly Boyle, Finance Transformation, BlackLine Bill Thomas, Finance Transformation Lead, EY Stephanie Miller, VP Finance CoE, SAP Sponsor: BlackLine It can be difficult to demonstrate the value of new technologies, such as SAP S/4HANA, that elevate accounting and finance departments. One of the most effective approaches is to draft a compelling business case that proves the…...… -
Keynote Address: Digital Finance Transformation
Todd McElhatton, SAP North America Monday, February 12, 2018 The digital economy is driving a new era of Finance and Accounting transformation. Finance leaders are facing disruption on all fronts, while continuing to act as business stewards and strategic advisors to the board. There are three challenges that truly stand out for the modern CFO:…...… -
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Optimize Your Statutory Reporting Tasks Using SAP S/4HANA for Advanced Compliance Reporting
In multinational organizations, reporting requirements are increasing day by day. Keeping track of all the reports generated and submissions can consume a lot of time and resources. The reporting format also changes over time due to changing regulations, and compliance with this format is of the utmost importance. Learn how to use SAP S/4HANA for…...… -
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SAP S/4HANA Finance: What’s in a Name?
SAP S/4HANA Finance has received much attention since it was announced at SapphireNOW in 2014 under the name SAP Simple Finance. In 2015, SAP Simple Finance was renamed to SAP S/4HANA Finance. This article defines the scope of the SAP S/4HANA Finance solution, as well as how the innovations built on SAP HANA fit into…...… -
SAP S/4HANA Finance: What’s in a Name?
Finance is currently at the forefront of technology innovations within SAP. By being the first line of business to re-architect the core finance and controlling capabilities to leverage the capabilities of SAP S/4HANA, finance professionals can increase their organizations’ efficiency through automation, thereby freeing up their bandwidth to leverage dynamic planning and modeling to provide…...… -
Transition to SAP S/4HANA Finance
Q&A with Dolphin Experts on Crafting a Successful Information Management Strategy This content is available to (General or Premium) members. Sign in or Join for free! Sign In Become a Member -
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SAP S/4HANA 1610 Material Ledger Actual Costing: Understand the Fundamental Changes and the Impact on Conversion
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 -
Build an Integrated Financial Platform Strategy for SAP S/4HANA
Q&A with Dolphin Experts on Crafting a Successful Information Management Strategy This content is available to (General or Premium) members. Sign in or Join for free! Sign In Become a Member -
Maximize Your Move to SAP S/4HANA Finance
As more and more customers are moving to SAP S/4HANA Finance, they have many questions about how to prepare for the transition and about how the company’s finance and closing processes will be affected. During a recent SAPinsider Live Q&A, Dr. Christoph Ernst, Global Solution Owner for Accounting and Financial Close Solutions at SAP, and… -
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You Can Now Do Realignments in Account-Based CO-PA with SAP S/4HANA 1610
Learn how you can do realignment of Profitability Analysis (CO-PA) data in SAP S/4HANA 1610. Realignment of CO-PA characteristics in account-based CO-PA was not available in SAP S/4HANA due to a change in database structures. The feature is now available for use. Key Concept As part of the unified data model and real-time integration between…...… -
Live from SAPinsider Studio: Putting SAP Treasury and Risk Management and SAP Cash and Liquidity Management on SAP S/4HANA
Natasha Doerksen, Treasury Supervisor at uranium company Cameco, shares her experiences being among the first implementers of SAP Treasury and Risk Management and SAP Cash and Liquidity Management on SAP S/4HANA. Topics covered include: Why the business decided to implement these solutions in a sidecar approach How it decided the order in which to implement the…...… -
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How to Create a Profitability Report Based on Custom Characteristics in SAP S/4HANA
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 -
Fast-Track and Maximize Your Move to SAP S/4HANA Finance
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…...… -
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…...… -
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Demystifying the Ledger, Currency Setup, and Currency Conversion in SAP S/4HANA Finance 1610
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…...… -
Extending Your Vision of Value
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… -
Are Your Financial Controls Ready for SAP S/4HANA?
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…...… -
Finance at the Core of Tackling Digital Disruption
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.… -
Finance Is Leading the Way to Digital Change with SAP S/4HANA
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,… -
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Legal Entity Design Considerations in Global SAP Implementations
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…...… -
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A Next-Generation Finance Platform at Carter’s
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… -
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Plan Your SAP S/4HANA Finance Implementation with an Understanding of Multicurrency Architecture
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…...… -
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Key Steps to Follow During a Migration to SAP Simple Finance 1503
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…...… -
How Will Digital Transformation Impact Your SAP Financials Processes?
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…...… -
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Plan Your SAP S/4HANA Finance Migration with These Tips
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…...… -
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Accelerate Your Financial Closing with New Line Item Transaction Codes in SAP S/4HANA Finance
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…....… -
Prepare Your Landscape for the Migration to SAP S/4HANA Finance
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…...… -
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Broad Green Pictures Produces Oscar-Worthy Financials with SAP S/4HANA
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… -
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Everything You Wanted to Know About SAP HANA Accelerators for ERP Financials
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…...… -
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Swiss Re Transforms Its Reinsurance Finance Division with SAP S/4HANA Finance
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… -
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New York Life Plans Bright Future for Finance
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… -
The Power of Real-Time Decision Making with SAP S/4HANA Finance
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… -
5 Areas for Future-Proofing Your Corporate Finance Processes
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… -
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The Evolution of the Finance Function
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… -
Take Finance into the Digital Age
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… -
Gain Insight and Take Action
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.… -
Transforming Finance
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…
