KEY FEATURES OF SAP S/4 HANA FINANCE – 1709 ON-PREMISE

It’s high time to learn new Finance automation process and accept changes that comes with SAP Leonardo for faster decision making, adaptability, innovation, business acceleration, better outcomes and it keep’s SAP customer’s employees focus on the real job to be done.

Let’s go through the “Finance – Innovations”

  • Universal Journal: Subsequent implementation of document split
  • Parallel valuation: 3rd currency in Controlling and Cost of Goods Manufactured.
  • Accounting: General ledger document split
  • Financial Planning: Basic Sales Planning (Activity Price, Consumption)
  • Cash Management: Bank relationship management including bank fee analysis; Improved Integration with Bank Communication Management and In-House Cash
  • Machine Learning for Cash Application – Invoice Matching clear incoming payments by matching them with the corresponding receivables
  • Soft close and prediction: Minimum closing time; Early insight into business trends
  • Integration: Seller-side integration with Ariba Network (invoice and discount management); Cost center (SuccessFactors); Payment advice (Fieldglass); Ariba Pay/ Supply Chain Finance
  • Central finance
  1. Shared Services in Accounts Payables/Receivables
  2. Central reversal and correction capabilities
  3. financial reporting scenarios
  • SAP Fiori apps Roles
  1. Accounts Payable/Receivable Accountant
  2. Accounts Receivable Manager
  3. Controller (Production Costs, Credit)
  4. Treasury Risk Manager
  5. Asset Accountant
  6. General Ledger Accountant
  7. Inventory Accountant

oast.jpg

TOPIC – 1: UNIVERSAL JOURNAL – SUBSEQUENT INTRODUCTION OF DOCUMENT SPLITTING

To fulfill the IFRS reporting requirements, you need to report your financial data at a lower level of detail than your company code. With this feature, you can introduce new account assignment objects, such as segment or profit center, and add these account assignments to your journal entries when you post them. To ensure that you have a complete reporting view of each account assignment object, the opening balance is enriched and split, per account. The enrichment of relevant accounting data is carried out in the project cockpit, according to the new account assignment information. To ensure correct processing of open items, at the time document splitting is active, this feature allows you to enrich open items.

Picture1.png

TOPIC – 2: MACHINE LEARNING – SAP CASH APPLICATION INTEGRATION

SAP Cash Application is a cloud service that integrates with S/4HANA Cloud Edition as of 1702 and S/4HANA on-premises as of 1709 (hybrid model).

The integration to SAP Cash Application solution intends to automate the invoice-matching process and provide the prediction results back to the SAP S/4HANA system with the help of machine learning.

SAP Cash Application enables you to match open receivables to incoming bank statement items using machine learning.

In the finance area, and more specifically in the area of accounts receivables, incoming bank statement items are ideally matched automatically to open receivables such as invoices. Any manual post-processing of incoming bank statement items that could not be matched to open receivables takes time and effort. SAP Cash Application uses machine learning procedures to train financial applications in order to learn from manual matchings, and thus achieve higher automatic matching rates.

 KEY FUNCTIONALITIES OF SAP CASH APPLICATION:

⊕ Proposing open receivables for incoming bank statement items

You can schedule jobs to receive a list of Machine Learning proposals for matching receivables to existing bank statement items

⊕ Clearing incoming bank statement items.

You can schedule jobs to automatically clear incoming bank statement items based on Machine Learning proposals, if the following conditions are met:

  • The matching rate of the proposal is higher than specified in the configurations
  • The proposed receivables are still open
  • All other clearing rules are fulfilled

⊕ Proposing customer accounts for incoming bank statement items

You can schedule jobs to receive a list of Machine Learning proposals for matching accounts to existing bank statement items.

  • The matching rate of the proposal is higher than specified in the configurations
  • The proposed account is a valid existing account

⊕ Posting incoming bank statement items

You can schedule jobs to automatically post incoming bank statement items to accounts based on Machine Learning proposals.

SAP CASH APPLICATION DETAILED WORKFLOW:

2017-08-05_005144.jpg

TOPIC – 3: INTERCOMPANY REPORTING 

  • Shows reconciliation amount and difference in object group for company and its partner
  • Drills down to line item details
  • Displays detailed information of document
  • Shows the reconciliation processing status
  • Navigates to reconciliation monitoring page for manual reconciliation
  • Sends mail and reminder to contact person

2017-08-05_011843.jpg

TOPIC – 4:  PROFITABILITY ANALYSIS IN THE UNIVERSAL JOURNAL

SPLITTING COST OF GOODS SOLD IN SAP S/4HANA

Enhanced functionality enables to split costs of goods sold during more processing such as third party or other processes with account assignment to internal orders or projects

COGS SPLITTING CUSTOMIZING HAS BEEN ADJUSTED

Previous COGS Split functionality which processed the splitting only for goods movements with reference to a sales order is still available

SPLITTING COST OF GOODS SOLD IN SAP S/4HANA 1610 SCREEN AND 1709 SCREEN

2017-08-05_005520.jpg

2017-08-05_005800.jpg

TOPIC – 5: MATERIAL VALUATION IN S/4HANA  – MATERIAL LEDGER

  • Up to 3 currencies
    • Tracking historic rates in material master
    • Local legal valuation & e.g. hard or trading currency2017-08-05_010324.jpg
  • Actual Costing
    • Optional revaluation of stock and COGS
    • Leverage Actual cost component split

Thank You

Jayanth Maydipalle

Source: SAP, JAM, ML, AI and Other.

SAP FINANCIAL CLOSING COCKPIT

ACCOUNTING AND FINANCIAL CLOSE

2017-07-25_012142.jpg

SAP’s accounting and financial close solutions streamlines the accounting for multiple companies, currencies, charts of accounts, and reporting standards. The solutions enable finance to efficiently close books on time, and create financial statements at the entity and corporate levels for IFRS, U.S. GAAP, or other local and global requirements.

  • SAP offers a modern accounting system for finance teams needing to streamline core financial and closing processes to meet increasingly complex business and disclosure demands.
  • It accelerates your company’s path to financial transformation by eliminating boundaries between transactional and analytical processes combined with proven excellence in accounting and closing capabilities.
  • SAP Financial Closing cockpit = Transactions codes “FCLOCOx

Picture1.png

TOP 10 BENEFITS OF SAP ACCOUNTING AND FINANCIAL CLOSE SOLUTIONS

1. Lower Cost of Finance

Accelerated processes increase productivity and reduce cost. Automate manual steps  to reduce staff workloads which lowers the cost of their work and increases productivity.

2. Accelerated Closing

Reduce cycle time via automation, integration and collaboration. Virtual soft close provides better insight at anytime from anywhere. Accelerate accounting by integrating GL, fixed assets, accounts payables, accounts receivables, inventory, revenue, and costs in real-time.

3. Real-Time Business Insight

Enables fast issue resolution and gets you closer to the business. Monitor in real-time the progress, quality, and financial results of the closing cycle to avoid bottlenecks and address business concerns

4. Responsiveness

Closes the gap between insight and action. Achieve fast, multi-dimensional reporting without replicating information to a data warehouse Instant access anywhere with drill-down from the highest to the lowest level of detail.

5. Harmonization
Harmonize internal and external reporting without redundancy. Unify financial, regulatory, managerial and operational data in a single repository across multiple systems. Eliminate redundant data aggregation for easy analysis down to the lowest   level of detail. Reduction of memory footprint through elimination of redundancy. Unite OLTP and OLAP together for simplified landscape, processes, and analysis.

6. Seamless Access

Self-service access to transactions and analytics anywhere, at any time. Past, present and future analysis at your fingertips to answer tough questions in briefings and meeting.

7. Modern User Experience

State-of-the-art user experience using the latest technology innovations. Intuitive end user training interfaces and guided processes eliminate complex teaching undertakings. Customize templates for event-driven closing tasks and collaboration.

8. Compliance You Can Count On

Efficiently meet the demands of complex compliance regulations. Generate high-quality financial statements and management reports required by international and local reporting standards.

9. Boundless Extensibility

Unlimited potential to extend system to customer’s specific business needs.

10. Foundation for Finance Transformation and Innovation

A seamless path to your finance transformation. Choose your path towards finance transformation with real-time software available in on-premise, cloud or hybrid options.

RECONCILIATION FUNCTIONALITY IN SAP ERP

2017-07-25_011820.jpg

EXECUTE ENTITY CLOSE TASKS

Picture2

FINANCIAL CLOSING COCKPIT ON FIORI

2017-07-25_011929.jpg

   Cockpit to monitor the progress of the entity close via KPIs, also on a mobile device

   Analyze the completion rate of closing tasks by multiple dimensions like region, country, company, milestone, working day, etc

   Monitor the tasks delayed or in error with easy collaboration to respective task owners

⊕   Analysis of historic closing cycles

2017-07-25_012725.jpg

Source : SAP ™

Advertisements

Introduction to NWBC

NWBC (NetWeaver Business Client), ) is a new SAP UI, presenting end users with a
seamless integration of classic SAP GUI-based transactions and newer Web Dynpro-based
applications. In the desktop variant a high–fidelity UI is offered to improve user experience. Thus the NWBC provides typical modern desktop-based user experience.

NWBC available in two flavors:

  • NWBC for HTML (Browser based)
  • NWBC for Desktop (Windows based)

NWBC for HTML is a browser-based shell (available only against ABAP systems) for
casual use scenarios. Within this environment, all SAP GUI transactions will be rendered
using the SAP GUI for HTML rendering engine.

NWBC for Desktop is a .NET based application that targets the power user. In this
scenario, the SAP GUI itself is used as rendering engine if installed. NWBC effectively
“replaces” SAP GUI as main entry point to SAP applications; however, it does use
SAP GUI to run existing applications.

2016-04-21_124848

Benefits
› increased end user adoption
› single point of entry for the user
› content tailored to users needs
› low overall TCO

Key features
› standard client for Business Suite
› role-based (PFCG / PCD) access to SAP business applications
› browser-like navigation
› integration of different UI technologies
› allows modifications-free mash-ups via Side Panels
› supports access and navigation to other systems

Role maintenance in PFCG:

Roles will be configured  in transaction  PFCG are mapped to the menu structure of NWBC.

In transaction PFCG you can configure roles . In real life, a role corresponds to the work that a person does within a company or the position held, for example, a sales person or someone working in support. In transaction PFCG, roles are defined matching the real life roles that people play within a work situation. More specifically, a role within transaction PFCG is a set of transactions that persons within specific roles would need for their daily work. In this example, a sales person could have a role that requires transactions to add new customers, display customer details, or to enter a new lead.

Given the existence of roles within transaction PFCG that describe the typical work persona, use transaction SU01to assign these roles to specific users. A user in the system can have any number of roles assigned, which reflects the real work that the person does within the company.

Given the roles in transaction PFCG, the SAP Easy Access menus are displayed directly after logging on with SAP GUI. These are effectively the menu trees as expressed in one or more roles for each user. This allows the user to quickly start the relevant transactions for their daily work.

NWBC builds on this same PFCG infrastructure in the ABAP system. The NWBC runtime retrieves all roles assigned to a specific user and makes them available to the shell. The shell uses exactly the same role information to show the user the possible transactions that might help them with their daily work.

For this reason, the shell in NWBC is in the first instance another expression of the SAP Easy Access menu, providing roughly the same functionality.

2016-04-21_130247

Introduction to SAP Fiori

What is SAP Fiori?

SAP Fiori mobilizes some of the most common business functions like Workflow approvals, information lookups and self service tasks. It is collection of apps with a simple and easy to use experience for broadly and frequently used SAP software functions that works seamlessly across devices Desktops, Tablets, Smartphones and Smart Watches.

SAP Fiori is the new user experience (UX) for SAP software. It applies modern design principles for a completely re-imagined user experience across devices and deployment options. SAP Solutions, such as the SAP Business Suite (SAP S/4) applications, user SAP Fiori UX to provide a personalized and role based user experience for enterprise-wide engagement across lines of business.

While updating a single standalone SAP Fiori App is quite straight forward complexity rises with increasing number of user cases, applications, custom enhancements, etc. on productive system landscapes. This guide provides an overview of major challenges and areas of concern.

There are 500+ role-based apps, that apply the SAP Fiori UX providing enhanced user productivity and personalization for customers using SAP S/4HANA, SAP Simple Finance and SAP Business Suite on any database.

SAP Fiori UX supports a variety of roles in lines of business include HR, Finance, Manufacturing, Procurement, and Sales.

Technology behind Fiori?

Here comes my favorite web language “HTML5”

⇒ SAP UI5

‣ HTML5 and JAVA Script UI development framework

‣ Future direction for SAP User interfaces

⇒ SAP NW Gateway

‣ Software layer for SAP ERP that exposes SAP data using OData (web) protocal

Scope of SAP Fiori?

SAP Fiori comes with three major app types,

⇒ Transnational Apps

Fact sheets

Analytical Apps

⇒ Transnational Apps

These apps let you perform transactional apps, such as creating leave request for an employee. They represent simplified views and interaction with existing business processes and solutions. They run best on an SAP HANA databases with acceptable performance.

For the transactional apps, the ABAP front-end server contains the UI layer with the product-specific UI components for the products (for example, ERP Financials (ERP-FIN), Customer Relationship Management (CRM), Supply Chain Management (SCM)) as well as the infrastructure components. The infrastructure comprises the central UI component with the SAP UI5 control library and the SAP Fiori launchpad as well as SAP Gateway with the OData enablement.

The front-end components have access through a trusted RFC connection to the ABAP back-end server containing the business logic. The underlying database can be an SAP HANA database, or any database, and is accessed from the back-end server.

2015-07-15_110109

 ⇒ Fact sheets

These apps display contextual information and key facts about central objects used in business operations. From an architectural perspective major differentiators to transactional apps are:

‣ Fact sheets run only on a SAP HANA database / Suite on Hana system (no support of any DB)

‣ Directly accesses search engine on the backend server via INA search protocol

‣ Requires reverse proxy (SAP Web Dispatcher) handling the request to different systems
2015-07-15_111053

⇒ Analytical Apps

These apps provide role-based insight into real-time operations of a business by collecting and displaying key figures directly in the browser. Analytical apps combine the data and analytical power of SAP HANA with the integration and interface components of SAP S/4. They provide real-time information on large volume data in a simplified front end for enterprise control. With analytical apps, most important key performance indicators (KPIs) can be closely monitored in real time and allow immediate reaction on changes in market conditions or operations. From an architectural perspective major differentiators to transactional apps are:

‣ They require HANA database / Suite on HANA system and XS Engine

‣ Directly accesses HANA XS Engine

‣ Requires reverse proxy (SAP Web Dispatcher) for handling the requests to the different systems.

2015-07-15_111528

2015-07-15_104637

⇒ SAP Fiori User Roles

2015-07-15_104853

Click here to get configuration document of “Configuring SAP Fiori Apps

SAP HANA Trail Versions

Get the Next Generation
of Solutions For Your Business

From cloud and mobile apps to big data analytics, we have the solutions you need for your industry delivered on SAP HANA, our powerful in-memory platform. Ready for a test-drive?

Here you go for HANA Trail Versions. , cloud edition and much more….!!

http://marketplace.saphana.com/Collections/c/collections?q=%3Aname-asc%3AcollectionsFacet%3AfreeTrial&isGrid=true&text=