Computerized Accounting in ERP

Running head: COMPUTERIZED ACCOUNTING IN ERP
Computerized accounting in ERP
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COMPUTERIZED ACCOUNTING IN ERP
Table of Contents
Introduction:...............................................................................................................................2
Discussion:.................................................................................................................................2
Historical overview of SAP S/4HANA Finance:.......................................................................2
Difference between SAP S/4HANA Finance and current SAP ERP FICO:.............................2
Benefits of SAP S/4HANA Finance for businesses:..................................................................2
Case studies of the companies and the issues faced migrating to SAP S/4HANA Finance:.....2
Conclusion:................................................................................................................................2

COMPUTERIZED ACCOUNTING IN ERP
Introduction:
The report is prepared to provide a brief historical overview of SAP S/4 HANA
Finance and the difference between SAP S/4HANA Finance and current SAP ERP FICO is
also demonstrated. The benefits of the software is also outlined in the report and such benefits
is demonstrated using the examples of case study of companies. SAP S/4HANA Finance was
earlier known as simple finance of SAP and is a part of S/4 HANA suite which consists of
four components such as user experience, functional components, app components and
reporting components. The first application propelled by the SAP was S/4 HANA for the new
business suite and it helps the organization in accelerating, optimizing and simplifying the
finance function with the help of its functionality. In addition to this, the focus of SAP with
the introduction of S/4 HANA has been to simplify the model of data and application logic.
All the statements concerning the analysis of the SAP has been done by conducting a review
of literature.
Discussion:
Historical overview of SAP S/4HANA Finance:
The historical of SAP is associated when the first product was released in the market.
The building of first product of SAP relied on the system of one tier system which indicates
the requirement of three layers of ERP system by installing on single server or system.
Releasing of the second product was done on the two systems with the latest version of
architecture using three system or server. The building of SAP was changes completely after
the versions of three tier structure that resulted in the introduction central component of ERP
in 2004. Users are enabled to run the strategic management enterprise and business

COMPUTERIZED ACCOUNTING IN ERP
application and the business application was extended by the central component of ERP to
the internet or web browser. Until 2012, R/3 is considered to be the most innovative product
of SAP. However, with HANA came into existence, this changed and there has been
incremental innovation. The database of new HANA boosts its performance by using the
latest technological innovation. This database is positioned by the SAP as the data for central
location. With the progress towards S/4 HANA, the increased value of the software with the
stepping stone include refinement of the existing process, leveraging technological
performance of HANA DB, implementing new components, integration with the network of
business partners, flexible and user friendly mobility and interface. There is transformation to
the simplified and new table structure with every release of S/4 HANA. The functionality
becomes available in the module around logistics and finance with the release of 1610
The software is a part of enterprise management of SAP and is the latest solution for
the office of CFO. Organizations relying on the SAP S/4HANA Finance that creates a
consolidated view of all the financial and operational data that assist them in flexible
reporting along with the process automation. The software provides a solution in several of
finance as a part of financial planning, ERP environment, financial and treasury risk
management, enterprise risk, collaborative operations of finance, compliance management
and enterprise risk. Among both the Information technology and finance experts, SAP
S/4HANA Finance is considered as the hot topic as this platform of enterprise management is
maturing rapidly (Ahmad et al. 2014). There are four components incorporated in the SAP
S/4 HANA and they are discussed below:
Core/functional component- Being the software’s core component, SAP is engaged
in several finance enhancements and capabilities. In order to consider the migration or in the
event of upgrading to S/4 HANA, it is required by the user to be on at least SAP ERP
component, SAP Net weaver, SAP HANA version and enhancement package 7. The