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June 22, 2017
Why SAP S/4HANA Finance All in one
Ataway SAP Experts
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Two years ago SAP launched SAP S/4HANA, it has firmly established itself as the next generation business suite to support digital businesses.

S/4HANA has revolutionary in-memory capabilities of SAP HANA that allow both transactional and analytical data to reside in one single system. Now customers ca analyze, report, simulate and predict in real time, to make smarter and quicker business decisions. In addition, with SAP Fiori sap offer a role-based user experience that looks great and really delivers intelligence to the user in an intuitive.

Those are few reasons why the market adopted so quickly S/4HANA (over 5400 customers), making it the fastest growing product SAP has launched.

 

 

S/4HANA Cloud, provide customers with an end to end processes supporting finance, plan to product, and order to cash and procure to pay we offer enterprise-ready functionality for digital businesses.

 

 

 

 

S/4HANA Cloud consists of a modular set of Editions that provide a flexible, extensible ERP platform that will scale up and down according to business needs. 

SAP S/4HANA Cloud has been developed to co-exist in a heterogeneous system landscape with native integrations to other SAP solutions and open interfaces for further integrations and extensions via the SAP Cloud Platform to anything out there.

This video shows how a Chief Finance Transformation Officer uses SAP S/4HANA Finance to take the finance organization to the next level with a Live Business system. SAP S/4HANA Finance enable finance executives to increase their influence enterprise-wide with live business tools. 

 

Designed for the office of the CFO, these solutions remove the traditional boundaries between transactional, analytical and planning systems, to deliver instant insights with on-the-fly analysis, across all dimensions of financial data.

Although SAP S/4HANA Finance covers the entire financial management portfolio, there are significantly improved or new innovations available in each finance area, which we highlighted below:

 

Financial Planning and Analysis (FP&A)
With the SAP S/4HANA Finance processes for FP&A, you can accelerate planning cycles, increase profitability, and make finance functions more efficient.
Inovations: SAP Business Planning and Consolidation (SAP BPC) lets your planners access real-time master data and accruals in SAP ERP without data replication. With one common financial planning model, you can run end-to-end simulations and faster planning cycles.

Accounting and Financial Close
Close the books faster, improve compliance and control, and reduce closing workloads and costs – with SAP S/4HANA Finance processes for accounting and financial close,
Innovations: SAP Accounting combines financial and management accounting and profitability data into one universal journal. It abolishes totals, indices, and other pre-defined aggregates, and relies on line items as a single source of truth.

 

Treasury and Financial Risk Management
With SAP S/4HANA Finance processes for treasury and financial risk management, you can accurately forecast cash flow, manage liquidity, and mitigate risk. Integrate cash flows, transactions, commodity positions, and market data. And optimize straight-through processing with full-view and real-time analysis, audit trails, and compliance reporting.
Innovations: SAP Cash Management provides global cash positions in real time, even in the presence of heterogeneous backend systems. New capabilities provide detailed analysis of forecasted cash flows – so you can bring greater levels of consistency to cash balances, cash requirements, and liquidity strategies.

Collaborative Finance Operations
With SAP S/4HANA Finance processes for collaborative finance operations, you can rapidly respond to fluctuating market dynamics. Automate receivables and payables processing, revolutionize shared services delivery, and streamline travel management – all while reducing costs.
Innovations: SAP Receivables Management improves working capital and financial health by using real-time receivables data to assess customer credit risk, streamline billing, resolve disputes and prioritize customer collections to reduce days sales outstanding

 

Enterprise Risk and Compliance
With SAP S/4HANA Finance processes for enterprise risk and compliance, you can automate risk, compliance, and international trade activities. By proactively minimizing risk and compliance violations, the software makes it easier to optimize business operations, protect assets, and improve financial performance.
Innovations: SAP Fraud Management gives you the insight you need to detect, investigate, and deter fraud. The software uses advanced rules and algorithms on Big Data to identify and predict fraudulent behavior, issue alerts, and block fraudulent transactions.

Interested in learning more about how you can take advantage of SAP S/4HANA solution or are you looking for some help on defining your Cloud strategy to support your digital transformation? The Ataway SAP experts team is here to help you and make your digital transformation a success. Consider talking to one of our local Ataway offices. Ataway has worked on several SAP S/4HANA implementations and can help you. Consult with Ataway’s team of experts today to learn more or send us an email: experts@ataway.com.

 

 

 

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