Computerized Accounting in an ERP (SAP S/4HANA)

Running head: COMPUTERIZED ACCOUNTING IN AN ERP
Computerized Accounting in an ERP
(SAP S/4HANA)
Name of the student:
Name of the university:
Author Note

1COMPUTERIZED ACCOUNTING IN AN ERP
Case Studies of companies and the issues they faced migrating to SAP S/4HANA
Finance:
The SAP S/4HANA Finance solution is a kind of ERP financial software. It runs on an in-
memory platform of SAP HANA. It also supports financial accounting and planning.
The following study has demonstrated the difference between current SAP ERP FICO and
SAP S/4HANA. Then it has chosen two relevant case studies and challenges faced to mitigate SAP
S/4HANAFinance.
1. Difference between SAP S/4HANA Finance and current SAP ERP FICO:
“FICO” denotes to the Finance module under or ECC 6.0 or SAP R/3 or ECC 6.0. This has
been a part of a previous business unit. SAP has been moving towards next generation S/4HANA
Business suite. This has been on top of HANA database. They, as a part of S/4HANA, have
simplified economic modules known as Simple Finance or SFIN (Schfer and Melich 2016). Taking
this into consideration and leveraging the high-performance HANA platform, the SAP has
considered the Controlling and Financial module to the following level through launching “Simple
Finance” with the “SAP Business suite 4 HANA” or S/4 HANA. Through doing this, SAP has
overcome some short-comings of the conventional FICO module. However, this has paced with few
of the useful latest features.
The user management and configuration of “SAP ERP Financial Accounting and
Controlling” has been helpful to configure SAP FICO configurations in easy-to-follow and
comprehensive manner. This has involved the hands-on approach having various screenshots and
real-life instances allowing people devoid of any previous configuration making SAP FICO” ready

2COMPUTERIZED ACCOUNTING IN AN ERP
to use the enterprise (Krueger and Center 2015). On the other hand, the “SAP S/4HANA Finance”
has comprised the processing speed with integrated elements for different financial functions like
management accounting and financial accounting. Due to this fact, “SAP S/4HANA Finance” has
been allowing much quicker reconciliation of financial methods like the quarterly close one. It has
provided the single source of economic truth for the overall business as per SAP.
2. Discussion of case studies of companies and issues faced migrating to SAP
S/4HANAFinance:
To become a marker leader innovations and quick response to the customer demands has
been crucial. SAP has been helpful for manufacturers to handle those problems having reliable
solutions that must be developed for that specific industry (Collignon 2017). Having S/4HANA, the
businesses can respond quickly to various demands in markets, predict the operational problems and
then streamline different manufacturing performances having a single source of live information.
Case Study 1: Solitus, “Ballance Agri-Nutrients Places SAP S/4HANA at the Core of its Digital
Future”:
The “Balance Agri-nutrients is a farmer-owned agency at New Zealand. It has been helping
customers in farming more sustainably, profitably and productively. The core business has been to
fertilise the manufacturing, sales and advice to offer farmers a complete range of services and
nutrient products. Solitus, on the other hand, has been one of the popular SAP providers in New
Zealand (Fahn et al. 2017).
As moving live with the SAP S/4HANA, the organization has raised productivities of the
sales team and simplified the reporting requirements of the finance team. Thus the sales reporting of
management has declined from 2 hours to 20 minutes as the primate business processes have turned