SAP S/4HANA Finance Case Study 2022

Running head: SAP S/4HANA Finance
SAP S/4HANA Finance
Name of the Student
Name of the University
Author Note

SAP S/4HANA Finance
Table of Contents
Introduction:...............................................................................................................................2
Discussion:.................................................................................................................................2
Historical overview of SAP S/4HANA Finance:.......................................................................2
Identifying the difference between SAP S/4HANA Finance and current SAP ERP FICO:......2
Identification of the benefits of SAP S/4HANA Finance for businesses:.................................2
Case studies of the companies adopting SAP S/4HANA Finance and the issues faced in
migrating to SAP S/4HANA Finance:.......................................................................................2
Conclusion:................................................................................................................................2

SAP S/4HANA Finance
Introduction:
The paper demonstrates the critical analysis on the accounting software named SAP
S/4HANA Finance by presenting its past performance and overview. SAP S/4HANA Finance
is the component of HANA business suite dealing with financials and the platform of
retention SAP HANA is used for running the financial software of ERP to run the report on
the financial and operational data. This software also incorporates countless technical and
functional upgrades and comprise of enhanced characteristics such as streamlines design,
periodic and real time analytics. The paper also outlines the discussion on the distinction
between SAP ERP FICO and SAP S/4HANA Finance. In addition to this, the benefits of SAP
S/4HANA finance for the business has also been discussed. The later part of the paper depicts
the example of real life example with the trouble created when adopting to SAP S/4HANA
Finance. Such example helps in gaining a better insight of the application of SAP S/4HANA
Finance.
Discussion:
Historical overview of SAP S/4HANA Finance:
SAP has been involved for over forty years assisting customer to solve the IT
challenges and complex business. The perfect example is the success of ERP solution
provided by SAP that over the decade has enabled best running of the business. For the
growth of the company in the digital economy, continuous efforts are being made for
innovation in light if changing economy ad driven by the trends such as cloud computing,
cyber security and artificial intelligence. Digital business framework was developed by SAP
after it recognized such trends for supporting the customers through digital transformation.
The journey started when the AP HANA was launched by SAP in year 2011followed by
busies suite SAP HANA in year 2013 for simplification of running the business and assisting

SAP S/4HANA Finance
the companies in driving the real time business. In year 2014, the data redundancies and
aggregates was removed by SAP from its SAP business suite for driving an insight into
simplification and insight into finance by focusing on the customers and particular line of
business (Graesser 2019).
Architecture of SAP S/4HANA Finance
(Source: Kulkarni 2019)
It was in early 2015 that the release of SAP S/4HANA Finance was announced by
SAP which can be completely run on the database of SAP HANA. Such announcement was
made after the success of SAP HANA in addressing the crucial needs of the business. The
overall flow of data in the financial module has been simplified. Users involved with CO or
FI has to face with several updating of tables for every financial transaction and with the help
of SAP HANA., all such tables have been eliminated (Poschadel 2019). It is essential to have
an understanding of the components of SAP S/4HANA as it is a part of suite of S/4HANA.
SAP S/4 HANA comprised of four components that are listed below: