Computerized Accounting in ERP Systems

Running head: COMPUTERIZED ACCOUNTING IN ERP SYSTEMS
Computerized Accounting in ERP Systems
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2COMPUTERIZED ACCOUNTING IN ERP SYSTEMS
Introduction:
There exist a lot of information which the organizations need to look at every time.
Besides this the existence of the big data has also been responsible for a rise in the extreme
huge amounts of data that the organizations rely upon so as to create patterns and trends
within the markets. SAP S/4 HANA is one of the new trends which have been associated
with playing a very vital role in the process related to the refining of the big data into a more
detailed analysis. This in turn has been associated with boosting up of the understandability
along with helping in improving the processes related to decision making of an organization.
S/4 HANA Finance ran by the SAP HANA is one of the important components which is used
for the purpose of managing the SAP Finance (Salmon and Wild 2016). This is the module
which is used for managing the SAP Finance. This model is also used for the purpose of
Carrying out various operations as well as helping in accounting activities on a real-time
basis, along with the creation of reports by making use of the Business Intelligence tools.
SAP Simple Finance is associated with playing a significant role in the process of
analyzing the financial performances of the business. The aim of this paper is to carryout an
analysis of the SAP S/4HANA Finance (Densborn et al. 2017). The report has been
associated with discussing about the entire concept of SAP S/4 HANA and the
SAPS/4HANA Finance, along with discussing about the historical overview of this,
contrasting this with the current SAP FICO and lastly the benefits of this. Lastly the report
discusses two case studies so as to analyze the SAP S/4HANA finance and for improving
their operations and for drawing a conclusion.

3COMPUTERIZED ACCOUNTING IN ERP SYSTEMS
Historical overview of SAP
The origin of SAP HANA can be traced back from the research which was started in
the year of 2006 spearheaded by the co-founder of SAP Hasso Plattner. During that time
when the idea related to the development of the SAP came up, Hasso Plattner was working as
a professor of computer programs in Hasso Plattner Institution situated in Potsdam, Germany
(Plattner and Leukert 2015). The main objective of his idea was developing a database which
would be helping the business in their operations which consisted on response time near to
zero for the transactions as well as for the analysis of the processed data. Plattner had a desire
of overseeing a system development which would be associated with delivering of all the
answers which an individual or a business would have within the shortest possible time.
Followed by the development of the SAP was the development of the new software SAP
HANA which was provided to many customers as a pilot test version in the year of 2010
(Maheshwari 2017). The first acceptable version was the SAP HANA 1.0 which was made
available in the market on June 18th 2011. As time passed by more and more developments in
the software was made which made the version SAP HANA 2.0 achieve success in the
markets in the year of 2017.
SAP HANA has always been considered to be one of the biggest achievements which
was also considered to be an upgraded version of the SAP Suite. SAP HANA is considered to
be the simple fast and the robust platform which has been continuing its improvements
related to the effectiveness and efficiency of running the business. This is associated with
providing an improved interface as compared to the SAP suite, which acts as the major
reason behind the incorporation of this into the business (Bardhan et al. 2017). Followed by
this due to some of the failure of SAP HANA led to the introduction of the SAP HANA S/4
which is one of the solutions that is associated with offering choices between the on-premise
software and the cloud and this provided in accordance to the type of business. Many

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modifications were done in the S/4 HANA which made this much more famous and effective
than the SAP HANA and besides this the modifications were also associated with allowing
this solution in helping in the process of achieving delivery of any kind of projects within the
time.
One of the versions of SAP included the SAP S/4 HANA 151 cloud services which
was released in the year of 2015 on 11th November and consisted of the latest marketing and
project services. The entire version was supported by the SAP services which consisted of the
configuration, along with the integration, migration and onboarding (Alexander et al. 2018).
There also existed certain addition services like the custom code management and extension.
This latest solution consisted of features which was completely free from the problems
related to redundant data and besides this the table was also redesigned which clearly
separated the master data and the transactional data.
SAP S/4 HANA Finance was released in the year of 2014 which was initially known
as only finance and this was expected to be the solution to numerous problems which the
organizations and the managements were facing (Baumgartl et al. 2016). The release of the
SAP S/4 HANA Finance was expected to be bringing a lot of improvements in the operation
on an organization by providing assistance to the chief financial officers in different ways
such as the improvements in function of reporting, increased agility as well as speed of
computing which in turn was associated with making improvements in the process of
decision making and improved efficiency of the operations which are conducted by an
organization.