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August 19, 2017
From, SAP S/4 Hana Finance Cloud 1622 to 1702
Ataway SAP Experts
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Release SAP S/4 Hana Finance Cloud 1622 brought customer with new capability in three key Areas (See figure 1)

With this release, customers are now able to take advantage of machine learning innovations which help them to reduce manual efforts and enhance their daily business. The solution automates the process of clearing incoming bank payments with corresponding receivables leveraging matching prediction results based on learning from accountants’ past actions.

Finance Core
Accounting and financial close, accounts payable, accounts receivable, collections and dispute management, parallel ledger for asset accounting, Overhead cost accounting, inventory valuation for year end closing, credit management, and statutory reporting framework, Treasury operations support cash daily operation and bank account management, key integration include SAP Ariba, Bank account management. Key integration include SAP ARRIBA, bank integration with SAP Financial Services Network, SAP SuccessFactors  Employee Central (for employee and cost center information), and SAP RealSpend (for Budget information).

 

Order to cash
Basic capabilities in order to cash include sell from stock, credit memo processing, debit memo processing, accelerated customer return CPQ capabilities include sales quotation and sales order processing with collective billing, notifications and monitoring tools include sales order fulfillment monitoring.

Procure to pay
Support basic requisitioning for indirect procurement, procurement of direct materials, return to suppliers, and physical inventory capabilities. The integration with Ariba provides business network integration.

 

SAP S/4 Hana Finance Cloud 1702: Globalization

 

18 Countries:
Australia, Belgium, Canada, China, France, Germany, Hong Kong*, Hungary, Japan, Luxembourg*, Malaysia*, Netherlands, Philippines, Singapore, Switzerland, United Arab Emirates*, United Kingdom, USA. (* new country for 1702)

10 Languages:
English, German, French, Spanish, Japanese, Russian, Portuguese, Chinese (Simplified), Dutch, Hungarian

SAP S/4HANA 1702 deliver a modern new user experience powered by sap FIORI. It improves user acceptance, efficiency, and onboarding speed!

Responsive
Bringing together transactions and analytics to close the gap between insight and action

Personalized
Offering personalized role-based tailored KPIs, actionable insights, news feeds, and tasks

Seamless
Delivering the same real-time insights and user experience across desktops, mobiles, and tablets

Beautiful
Combining simplicity, easy of use, and functionality with a completely reimagined user interface

 

SAP S/4HANA Finance Cloud, instant insight across finance, controlling, HR and operation.

In-memory-enabled single financial data source across planning, transactional and analytical data•
Provide reporting for both external financial disclosures, management controlling information to enable intelligent business decisions
Reduce costs while improving service levels by automating and harmonizing processes, providing business users with financial information in real-time
Enable processes to seamlessly run across cloud solutions to tie finance processes to other operations, including procurement, sales, and HR

What’s new?
Release SAP S/4 Hana Finance Cloud 1702  brought a total of 59 items,(21 Enhancements, General  expansion of Fiori App coverage and 19 additional features).

What are nee new features?

Optimized Order – to - Cash:
Intercompany Sales Order Processing - Domestic, Intercompany Sales Order Processing – International, Delivery Processing without Order Reference,  Sales Inquiry 

Streamlined Procure – to - Pay:
Vendor Invoice Management by OpenText

Core Finance:
Intercompany Processes Cost Allocation in General Ledger,  General Ledger Allocation Cycle, Bank Integration with File Interface, Machine Learning SAP Cash Application Intelligence, Bank Account Management -Standard, Cash Operations –Standard

Data Management
Concur - Financial Integration, Consolidation, Consolidate Product Data , Consolidation, Consolidate Business, Partner Data , Central Mass Processing -Change Product Data , Central Mass Processing -Change Business Partner Data, Master Data Quality -Product Master Data

Application Platform and Infrastructure
Output Management, Key User Extensibility

Localizations: Hong Kong, Luxembourg, Malaysia, United Arab Emirates

 

Value Proposition: Streamlining the Entire Financial

Instant insight-to-action
In-memory-enabled single financial data source across transactional and analytical data
Enables real-time processes for instant insight across finance and controlling to make timely and relevant decisions
 

Accelerated Close
Enable a “soft close” by solving issues throughout the month
Integrated financial and managerial reporting
Reduces duplications and errors minimizing the need for reconciliations

Real -time cash management
Automated payment processes
Provide rich analysis dimensions and drill-down feature to get better insight into cash daily operations
Bank Account Management

Higher Productivity
Intuitive and role-based user experience for higher employee productivity
Real-time receivables and payables reconciliation avoid the manual work

Instant insight-to-action
In-memory-enabled single financial data source across transactional and analytical data
Enables real-time processes for instant insight across finance and controlling to make timely and relevant decisions

Pre-delivered HR Integration
Employee and cost center data integrated immediately across SAP SuccessFactors and SAP S/4HANA Cloud
More integration scenarios leveraging Intelligent Services & Machine Learning on the way

SAP S/4HANA Cloud Editions and Lines of Business
SAP S/4HANA Finance Cloud 1702  (eLearning ~ 4.00 hrs)
SAP S/4HANA Finance not only supports the finance department, but also the surrounding processes that lead to financial bookings, such as basic sales and procurement processes. It also integrates with other SAP solutions like SAP SuccessFactors, SAP Ariba, and SAP RealSpend, a finance solution running on SAP Cloud Platform. SAP S/4HANA Finance Cloud is a starter ERP including core finance functionalities like universal journal or soft close as well as order-to-cash and procure-to-pay processes. As a result, SAP S/4HANA Finance Cloud is the go-to solution for the upper-middle market to start using the public cloud. 

 

Interested in learning more about how you can take advantage of S/4HANA Cloud, Building your Business case or 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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