SAP S4 HANA Finance, also known as SAP Simple Finance is the new generation Finance module on the HANA Platform. It is one of the most important
modules of the SAP Business Suite. It majorly has two Parts. One is related to Finance and the other is related to Controlling.
Key topics – SAP Finance
- In-memory Technology Concept
- Universal Journal (ACDOCA)
- Extension Ledger
- Centralized Master Data for GL
- Primary & Secondary Cost Element
- Business Partner Concept
Key Topics – SAP CO
- New Profit Center Accounting
- SAP Product Costing – Standard Costing and Cost Object Controlling
- SAP COPA – Account-Based Controlling
- Profitability Analysis with COGS splitting
- New Asset Accounting
- Production Order Costing
Top Features of SAP S4 HANA Finance
- OLTP and OLAP
- SAP ACDOCA – Universal Journal
- Leading and Non-Leading Ledger
- SAP Central Finance
- SAP Fiori Design
Functional Changes with SAP S4 HANA Finance
- Universal Journal – ACDOCA
- On the Fly calculation process
- Smooth Month-end and Year-end closing process
- SAP BPC for SAP S4 HANA Finance for real-time integrated business planning
- New Asset Accounting in SAP S4 HANA Finance
- SAP Cash Management
- SAP Smart reporting with Fiori
- Data Ageing
- New General Ledger in SAP S4 HANA Finance
- SAP Credit Management
Deployment Options in S/4HANA
- Greenfield implementation
- SAP HANA database migration
- Replicate to Central Finance