SAP Simple
Finance is
a complete finance solution based on SAP HANA, which can be utilized in the
cloud or on-premise. SAP Simple Finance is also called SAP S/4 HANA Simple Finance. Designed to be simple to utilize, it
can give immediate insight for finance specialists. It improves the present
finance solution portfolio from SAP, maintaining its functional strength while
enabling non-disruptive migration.
Simple
Finance consists of a set of interconnected financial management functions that
give real-time data from the ERP applications. SAP S/4 HANA Finance is part of
S/4 HANA and is based on the SAP HANA in-memory database platform. S/4 HANA coordinates cross-organizational
capacities into one system that combines transactional processes and analytics
for real-time applications. For the front end, SAP S/4 HANA Finance uses SAP Fiori for a consumer-like and
personalized User Experience.
SAP
Simple Finance is intended to remove traditional barriers between
transactional, analytics, and planning systems to provide instant insights and
on-the-fly analysis using all levels of financial data. A business decision
maker, for example, can use SAP S/4 HANA
to model data and create estimates of possible determinations using real-time
financial data from different systems.
How has it been
built?
SAPSimple Finance is the latest version of SAP ERP Financial & Controlling,
which has been rebuilt based on the SAP HANA models in order to get full
advantage of the opportunities offered by SAP HANA and to get cleared of any
conditions of constraints coming from the disk-based database models, which no
longer apply.
In
this terms, SAP Simple Finance Training has built a completely new data model for the
SAP Financial modules, where all aggregates, sub-totals, and stabilization
tables have been reduced. The new financial data model will contain the data
related to Finance, Controlling and Profitability Analysis (CO-PA) modules.
The
SAP Simple Finance user interface will be SAP Fiori, allowing personalized,
modern and regular user experience across the applications, and for any device
(desktop, tablet, mobile).
What is the SAP
Simple Finance offering?
· Enable
high-speed real-time analytics at most granular level across all financial
dimensions without any limitations.
· One
common view of real-time harmonized financial and management accounting data
for all subsidiaries, to help assure enterprise-wide flexibility and reduce
adjustment time and errors.
· Built-in
ability to use prediction, simulation, and analysis to estimate the financial
connections of strategic business options.
· Optimization
of Business Processes – Event-driven processes with real-time execution.
Following
features are available for SAP Simple Finance Online Training
·
Financial
Planning and Analysis
Using
SAP Simple Finance Course, organizations can use it to forecast, plan, and budget as
an ongoing process. With the use of Predictive Analysis, you can forecast the
impact of business decisions on the financial reports of the organization.
·
Accounting and
Finance
With
the use of advance Finance and Accounting features, organizations can meet the
legal terms and complete the financial reports on time.
·
Financial Risk
Management
Using
Predictive Analysis, organizations can find the risk in financial processes at
an early stage and device ways to mitigate them. It is easy to find the best
possible investment rates as per market standards.
·
Risk and
Compliance Management
Using
strong financial processes, it is easy to prevent unauthorized access to
sensitive data in the organization. It is easy to detect fraud and abuse, and
organizations can proactively balance the risk for all the financial processes.
Current
situation of SAP Simple finance
· The
technical software components of SAP S4 HANA Simple Finance Training have successfully
passed ramp-up and are generally available since August, 1st.
· The
software has been released for all Industries with the exception of Joint
Venture Accounting for Oil & Gas and Mining.
·
It
is localized for all 62 country versions.
· Released
Fiori User Interfaces for GL-, AP- and AR-Accountants plus Cash Managers are
localized for 39 of the 62 countries.
Functionality
and benefits of Simple Finance
· It
is called as the single source of truth: which means we will be having one data
entry table which is called as universal journal entry table, which contains
all the GL, CO, ML, Access accounting all the information will be stored in one
single table.
·
It
has got real-time process using SAP HANA
· It
has got no data footprint, which means it has got no totals table and no
secondary indices which mean reduction of data.
·
As
you will get a real-time result it is more profitable to the organization.
·
Faster
reporting which makes it easy to plan and analyze the data.
· The
instant insight, which gives a real-time information and makes it faster and
simple which of course leads to improving organization productivity.
About Us
Learn SAP Simple Finance Online Training Courses at Vintage IT Solutions in India, UK, USA. The SAP Simple Finance Training includes Financial planning and analysis, accounting and financial Close. SAP Simple Finance Tutorial provides new code to customers in specific areas, for example in the financial add-on for SAP Business Suite powered by SAP HANA and in the new, planned finance applications based on the financial add-on SAP accounting powered by SAP S4 HANA and SAP cash management powered by SAP HANA.
Contact Us:
Vintage IT Solutions
Website:- http://www.sapvits.com/
Email:- info@sapvits.com
UK:- +44 141 416 8898
India:- +91 992 284 8898
USA:- +1 678 389 8898
For free Demo Register here:- https://goo.gl/HYV5qK