SAP Simple Finance (1511) training

Transcription

1 SAP Simple Finance (1511) training Duration 01 HR Nitin G. All rights reserved

2 Agenda Trainer s Introduction Candidates Introduction Name & Location Background & experience Expectations from Session Objective of Session Training Contents High level Simple Finance What is SFIN? Highlights Universal Journal Benefits Projects & Opportunities Q&A 2

3 About Me: Nitin G. SAP Solution Architect with Expertise in FICO for 10 years Extensive Experience in other modules like PS, Asset Accounting, CO-PA, CO-PC, Travel Management, Ariba, SD, MM, HR and Interfaces Worked on multiple Global implementations, Solution design, upgrades and training assignments (online & classroom) SFIN knowledge Attended EKT Sessions by SAP Attended SFIN Training and SAP boot camps Completed SFIN SAP Press book and migration approach by SAP Part of Consulting team for SFIN Implementation for a Swizz Company which is recently gone live on SFIN Already implemented and completed migration for New Asset Accounting which is component of EHP7 and is part of SFIN

4 Candidates Introduction Name & Location Background & experience Expectations from Session 4

5 Objectives of Session To Provide overview of Simple Finance and to make you understand what is changing What is coming up in Global SAP market? Moving from FICO to Simple Finance What can be expected by companies in terms of expertise by companies? Scope of SFIN SAP Customer base and inclination towards SFIN Q&A 5

6 Course Highlights Overview of SAP HANA Overview of the SAP Simple Finance add on The Universal Journal 1511 Update and planned roadmap Data Aging in detail Changes to T-codes & programs Country Release information Product Name & Version information Release Information Finance Processes Changes in 1511 update Simplification list 1511 Migration to the SAP Simple Finance add on The New Asset Accounting Analysis of Results of the migration Cash Management IBP Overview 6

7 Simple Finance Initial name - Smart Financials Then renamed to - Simple Finance 2.0 Now its S4 HANA for Finance Enhanced version of ERP system where structure of the system is changed and the calculations of totals are on the fly. Available on cloud and on premise Massive changes delivered in the initial phases Universal Journal and ACDOCA table is the key to change Lot of tables and t-codes are scrapped/changed COPA is simplified 7

8 Highlights of Simple Finance Revamped Asset Accounting: Simplifies the concept of depreciation areas, parallel valuation in asset accounting and facilitates parallel reporting by means of ledger approach as well as accounts approach New GL mandatory: Classic GL no longer supported in Simple Finance. One has to be on New GL. (Need not be full-fledged New GL.Lite version of New GL would suffice) Concept of Data Archiving replaced with Data Aging (Hot / Cold Partitions of the Database) A brand newcashmanagementsolution, powered by SAP HANA New Asset Accounting is mandatory. Classic AA no longer possible in the new offering On-the fly summarization reports (from line items) Good amount of overhaul in the Key SAP tables. Option to split COGS in the FI-GL as per the Cost Component Split, etc Simple Finance Add-on 2.0 will unleash some new changes. Material Ledger is covered in the add-on 2.0 and it is expected to change the way GL / Cost Element master is looked at. 8

9 Universal Journal The universal journal entry is the unified data storage for both financial accounting (FI) and management accounting (or controlling (CO)) It contains all of the relevant accounting data, details about, for example, customers, vendors, assets, products, and regions. This means all of the accounting data is always available at the same time for analysis in each report that is based on the universal journal entry. In addition, you can enhance the journal entry with your own fields. Financial accounting and controlling are continually being reconciled. As a result, you can carry out month-end closing more quickly. All accounts, even the secondary cost elements required for controlling - are portrayed uniformly as G/L accounts. A journal entry is similarly created for internal clearing, such as cost center assessments and distributions. 9

10 Benefits Where does SAP Simple Finance come in, and what makes it simpler? SAP Simple Finance provides the following advantages: Simpler user experience that provides instant access to any financial insight on any device Simpler process execution for real-time financials that are always reconciled Simpler decision making using prediction and simulation, always on the fly Simpler solution architecture without aggregates and data redundancies Simpler IT strategy, with cloud, on-premise, or hybrid deployment options Simpler pricing with pricing bundles, including subscription-based pricing for the cloud Simpler business justification of a real-time view of the state of the business across all entities and continuous soft close 10

11 Projects & Opportunities Lot of Projects coming up in market European market already started implementations Americas moving on towards the same Launched in Gulf market by SAP Asia Pacific projects also kicked off Consulting companies involved in POC for customers 11

12 Q & A 12

13 Thank You 13