SAP S 4HANA Finance Case Study
It’s the most efficient and effective software for the enterprise information and management of information around the world (Maheshwari, 2017). This software makes it possible to monitor by tracking the sales of a particular organization, production process, financial statements and the human resource functions in that organizations. The SAP environment comprises of a configuration and application. Configuration can be described as the maintenance of settings to support business needs and gaps through the IMG programmer. The application helps in handling the current day-to-day activities through the SAP Easy Access Menu. This study also involves different case studies that will help in bringing out the meaning of SAP S/4HANA finance (Densborn et al, 2017). Planning in SAP ERP FICO vs. S/4HANA SAP ERP FICO Planning SAP ERP Planning involves SAP GUI, a sequential Planning Process which also includes a cost center Plan, Project Plan, and No direct share of values.
Many current customers however prefer this model than SAP S/4HANA. Key Use Cases Profitability at a level of granularity below the Universal Journal. Uses SAP S/4HANA Finance helps organizations in making better decisions, gain better control of costs, and improve profitability of the firm processes (Jolton and Eisbart, 2017). Examples are: Financial services; Transfer pricing, product /customer costing, shared services costing, claims management costing, broker profitability, process improvement, capacity planning, Transportation and logistics Customer product and route profitability, container costing, leg contribution network optimization, infrastructure investment analysis, IT costing, regulatory reporting (postal services) Consumer products and life sciences Product costing and pricing, SKU profitability, supply chain optimization, overhead optimization, shared services costing (IT, HR, finance), Healthcare Procedure costing, regulatory bodies reporting, Oil and Gas: Fuels and lubricants costing and pricing, distribution point profitability, process costing.
Public sector: Pensions, benefits, and allowances costing, benchmarking, public services pricing. Wholesale distribution: product/branch pricing, customer and distribution channel value analysis, supply chain Optimization, supplier rebates negotiation. Telecom: Regulatory requirements, product/customer profitability (Densborn et al, 2017). currency translation (Densborn et al, 2017). Push down calculations to HANA for faster planning and closing cycles, improved scalability with BW/4HANA to plan with greater details Data Quality Postings can be checked continuously against central validation rules Shared Master Data and Rules for entity and group closing (Jolton and Eisbart, 2017). Connect modern analytics solutions to your BPC data. Present live BPC data in SAP Digital Boardroom and SAP Analytics Cloud. Transparency Fully enabled Drill-through from consolidation to the line-items of the entity instead of transformation in multiple systems (Burns, 2018).
The cost objects from the source system must be mapped to cost objects in the Central Finance and these quantities must be permitted in the Central Finance system. This step of the initial load is required to complete the initial load. The activity calls program FINS_MASS_DATA_MASTER. In this second step, the predefined variant SAP&CJ2 is used when you execute the program. Enter the number of background jobs that you would like to use for the execution. In this Customizing activity, you complete the following preparatory activities before the initial load of CO secondary postings takes place: Converting CO-PA line items and characteristics into the key-value pair structure (CFIN_COPA). Storing additional attributes to generate the CO Key sub number for the CO Key sub number (HRKFT) field in table COEP (Salmon and Wild, 2016).
Storing references of the original documents for the reposting documents using the business transaction RKU3. Initial Load for CO Secondary Posting Documents This section describes how to trigger the initial load and replication of postings from SAP LT Replication Server. Before you can do this, you must first complete the rest of the initial load settings, which are described in the section Initial Load Settings. Before the initial load for CO secondary posting takes place, you must ensure that the preparation required before the initial load of management accounting (CO) postings takes place. You do this in Customizing of your Central Finance system under Central Finance Initial Load Initial Load Preparation for Management Accounting (Burns, 2018). Prepare for and Monitor the Initial Load of CO Postings In this Customizing activity, you can complete the preparation required before the initial load of management accounting (CO) postings takes place (Salmon and Wild, 2016).
You can use this activity to convert CO-PA line items and characteristics, store references, and modify the CFIN_CO_ADD table. Smoke Test for Cost Object Mapping and CO Document Replication In this optional Customizing activity, you simulate cost object mapping and management accounting (CO) document replication by executing the necessary checks, without actually creating the cost object mapping or posting. Business Planning & Consolidation Core = Planning and consolidation engine. Use case: re-use ability of allocation logic of a planning scenario for actuals is required (Burns, 2018). Designed to preferably work with relatively fewer dimensions. Relevant for Central Finance System Contains corrections and improvements; shipped with SAP Simple Finance, on premise edition 1503 SPS 1508. For this SAP Note it is mandatory to install SAP Simple Finance, on premise edition 1503 SPS 1505 (SAP_FIN 720 SP01).
Businesses across industries can lead the digital journey by finalizing reimagining business models and other platforms. Business processes, and work (Burns, 2018). The challenge of regulatory disclosures include and not limited to: Inadequacy in supportive automation, total visibility and quality control over SAP S/4HANA finance and, collecting quality information is programs. Disparate sources of information across the world platforms and landscapes. The manual cut-and-paste for spreadsheets and narrative. Last-minute adjustments may cause inconsistencies. SAP Business Objects Analysis, edition for Microsoft Office (Plattner and Leukert, 2015). In addition to classic SAP ERP reports such as financial statements, cash flow, or profitability reports, you can use SAP Business Objects the Analysis and edition for Microsoft Office reporting. SAP Business Objects Analysis, edition for Microsoft Office integrates with Microsoft Excel and helps you to gain insight into business data and make intelligent decisions that impact corporate performance (Ghattamneni, 2016).
Conclusion SAP offers with SAP S/4 HANA a new platform and a new architecture for digital finance Processes – on premise- or on Cloud. All business documents connected to any transaction are available in the Document Relationship Browser, provided where the source system is an SAP system. If you want to set enable drillback to documents from non-SAP systems, If you choose the option Start Load, the system will execute an initial load of the data that is currently in the system but there will be no delta replication. Choosing Start Replication, executes an initial load of the data and activates delta recording (Ghattamneni, 2016). After the initial load, the replication of delta data will start automatically. If you are using an external tax calculation engine in your source system, you should connect the same external tax calculate engine to your Central Finance system.
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