Introduction to SAP HANA Finance

 

 

Introduction to SAP HANA Finance

 

The management of invoices to clients, payments to suppliers, to guarantee an adequate cash flow and liquidity in the treasury, includes the analysis of financial profitability, planning, budgeting, risk and many other elements to be considered.

 

SAP S/4HANA Finance includes the existing functionality in the ERP and more elements than usual.

SAP Simple Finance and SAP S/4HANA Finance are the same product, only the name has changed.

Advantages of SAP S/4HANA Finance

 

l Simple processes for issuing reports in real time, always reconciled.

 

l Speeds up decision making through prediction and simulation processes, within the solution's architecture, without other aggregates and without information redundancy.

 

l The user experience will be more intuitive by providing instant access to any financial insight from any device through SAP Fiori.

 

l The business view of business status in real time, across all entities.

 

l The client can add other dimensions to have more information and analysis

 

SCOPE OF SAP S/4HANA Finance

 

The functional scope of SAP S/4HANA Finance is described in this way, with the CFO presiding over all processes.

 

1. Financial planning and analysis (CFO – Chief Financial Officer)

 

Performance management is a continuous, iterative process, driven from the top down, measuring the development of the life cycle of the organization seeking the improvement of financial statements.

 

Due to the speed of change, the prompt adaptation of plans, budgets, and resources to mitigate risks and take advantage of opportunities is crucial.

 

This is where the predictive analysis and simulation capacity offered by the solution comes in, allowing the profitability of various market segments to be maximized, in the different dimensions of the business, including customers, products, locations, and business units.

 

2. Accounting and financial closing (Head of Accounting)

 

l Closing financial books quickly, accurately and within global regulatory standards.

 

l Streamlines the financial close process, freeing up time to spend on other productive activities, such as financial and production analyses.

 

l The shutdown is normalized in a series of repeatable, automated steps.

 

l Strengthen communication between employees through collaboration and automation tools, making the process correct, error-free, cost-effective and more transparent.

 

3. Treasury and financial risk management. (Treasurer)

 

l It facilitates the management of risk, credit, debt, and financial instruments.

 

l Optimize cash flow and liquidity management by integrating treasury functions with banks

 

l Improve financial controls, cash management and loan control

 

4. Financial Operations (Head of Financial Operations)

 

l Optimizes the monitoring and control over the management of invoices, credit vouchers, bank transactions, travel expenses, etc., services provided to the organization

 

l Reduction in the number of days of sale pending, greater precision in the payments of CxP and CxC,

 

l Administrative costs are optimized.

 

l Access to information from any device from anywhere is optimized.

 

and. Increase productivity, efficiency and reduce costs and expenses by increasing the number of transactions per employee.

 

l5. Risk management and compliance (Director of Compliance)

 

l Automation of access to information to protect it

 

l Proper balance of risks and opportunities in finance processes

 

lRisk and compliance automation minimizes additional protection efforts and reduces the costs of doing business in regulated environments

 

Why SAP S/4HANA Finance?

 

You improve all of your accounting and analytical activities with the Finance module of SAP S/4HANA. You also optimize and automate your processes to obtain reliable information and efficient management.

 

Available in public or private cloud mode, SAP S/4HANA Finance offers an improved and simplified user experience that works seamlessly with your finance department.

 

How SAP S/4HANA transforms your Finances?

 

One source of truth

You create your reports and reconciliations more quickly and easily. You also reduce the risk of discrepancies and variations.

 

Management by exception

Whether it's a late customer payment or DSO analysis, explore and focus on your immediate management needs.

 

Advanced compliance reports

Accelerate and simplify your regulatory reporting with features like one-click submission and auditing a record step-by-step to its source.

 

Predictive accounting

Anticipate future revenue by leveraging forward-looking cash flow information at the offer or sales order stage.

 

Profitability analysis based on accounting

Gain transparency into margin analysis and benefit from constantly improving features, such as online breakdown of COGS by cost element or tighter integration with actual cost calculation.

 

Extensions for better transparency

Add dedicated cloud applications to give you even more visibility and transparency into your financial processes. Extensions include SAP S/4HANA Cash Management for simple and centralized cash management and Ready4 Credit Management for a 360° view of credit risk.