Computerised Accounting in an ERP System

This essay discusses the benefits and features of computerised accounting in an ERP system, focusing on SAP S/4HANA Finance. It explores the journey of SAP with SAP HANA and the advantages it offers for businesses. The essay also highlights the challenges faced by KPMG in transitioning to SAP S/4HANA Finance.

Running head: ESSAY 0
COMPUTERISED ACCOUNTING IN AN ERP SYSTEM
JUNE 10, 2019
STUDENT DETAILS:

ESSAY 1
SAP is the shorter form for system, application and product in the data processing. It is
considered by most of the entities that SAP solution has enormously fundamental feature for
the business. There are various organisations which extensively utilise the SAP system for the
regular functions as well as reporting. There are around 120 nations in the world, which use
SAP for the particular purpose. SAP manages to build up the user’s base of above 12 million
customers everywhere in the world. SAP Simple Finance renders the best future for the
people and entity that has a vision to make the finance planning around this. In a case when
one is looking for planning to take up the certification in SAP Simple Finance, then there
would not be the best period than nowadays. SAP S/4 HANA Finance (previously known as
SAP simple Finance) covers various innovative characteristics, like the rationalised
designing, global journal, and real-time analytics. For an example, an innovative SAP Asset
Accounting (FI-AA) module is the instance of a financial module (Salmon and Wild, 2016).
It is recreated in the S/4HANA set to improve the efficiency of procedure through the life
period of the assets. From the time when SAP declared a release of the SAP S/4HANA
Finance (earlier addressed as SAP Simple Finance) in the beginning of 2014, there have so
many doubts on what was the purpose of product (Shim and Shim, 2018). There were various
people including the clients of SAP, who considered that this was the Financial Accounting
& Controlling (FI/CO) sub-module, which was in certain matter easier to configure than
efforts presently needed in ERP suite. For the better understanding, firstly it is required to
have the knowledge that what is the SAP S/4HANA Finance. Then, this is very necessary to
know the journey of SAP with SAP HANA, as SAP HANA is inseparably connected to not
just SAP S/4HANA Finance however, also to DNA of SAP. In the following parts, historical
background of SAP S/4HANA Finance, difference amid current SAP ERP FICO and SAP
S/4HANA Finance, and the advantages of SAP S/4HANA Finance for business is discussed

ESSAY 2
and critically examined. This essay also stated the difficulties faced by KPMG in transferring
to SAP S/4HANA Finance (Burns, 2018).
SAP S/4HANA is SAP ERP for the big organisations. SAP S/4HANA is considered as
beneficiary of the SAP ERP and SAP R/3. It is improved for in-memory database of
SAP, SAP HANA. A SAP HANA platform is accessible from the year 2010. Additionally,
the applications of SAP such as SAP Business Suite and SAP ERP have capability to operate
over SAP HANA database as well as some other database. SAP ERP system is completely
integrated business corresponding system that permits the uncontrollably communication
procedure and end information discrepancy amid sub-systems. SAP brings system, new and
enormously proficient. SAP supporting communications are supreme in business related to
software. One may get the comprehensive set of incorporated, cross-functional handling
procedures that is the key advantage of the SAP system. An establishment of an innovative
suite is known as SAP S/4HANA that had place in February 2015 at stock exchange in New
York. In Orland (Florida), the event has hosted cloud, over premise’s edition as well as issued
platform of on-premise. Obtainability of a cloud edition adopted at SAPPHIRE NOW
(twelve-monthly client conference of SAP) on 6 May 2015. For that reason, SAP S/4HANA
is big update of SAP to its ERP strategy and platform in over two decades. After the
launching, this is forecasted by Gartner forecasters that SAP S/4HANA stated the
“transformational shift,” however upraised the doubt in respect of the obtainability,
convenience, assessing as well as relocation nearby the S/4HANA (Al-Sabri, Al-Mashari and
Chikh, 2018).
There are various people, who had acquired S/4HANA. About 370 customers had bought this
by 21st April 2015 (Uhl and Gollenia, 2016). Subsequent to some period, the development
was established in relation to SAP. It is also noted in October 2015 that S/4HANA had
exceeded above thirteen hundred customers. This development has also continued in the 3rd

ESSAY 3
quarter of year 2015. After the earning declaration of this 3rd quarter, it is stated by SAP that
the clients of SAP S/4HANA had increased to thirteen hundred. Further, in the end of 4th
quarter of year 2016, it is declared by SAP that five thousand four hundred clients had
applied SAP S/4HANA. As per the data on 30 June 2018, the product’s customer base has
been extended by eight thousand nine hundred customers. In this way, there are various ERP
systems with a similar purpose. There are certain opponents of the product in software as
service spaces are Microsoft and Workday, Inc. and Oracle (Badii, et. al, 2017).
SAP S/4HANA Finance is a SAP ERP 6.0 suite, which is totally able to run on the SAP
HANA database (Singh, 2017). It proceeds that the step more. Major Key factors of the
earlier FI/CO suites have noted so that they may consider complete benefits of prospective of
SAP HANA. Version 1.0 of SAP Simple Finance, which was established in year 2014, was
the add-on SAP HANA-optimized version for financial module of accounting in SAP
business set. On the other hand, SAP Simple Finance 2.0 is a component of product related to
SAP S/4HANA, which was established in year 2015. SAP Simple Finance (version 2.0) is
recreated as well as recoded descendant of SAP Simple Finance (version 1.0) (Baumgartl, et.
al, 2016).
Besides, S/4HANA products proposing contain two editions, SAP S/4HANA Cloud as well
as SAP S/4HANA On-Premise. SAP S/4HANA on-premise is similar in terms of coverage,
accessibility, industries particular support, and localization to a present SAP Business Suite
(within thirty-nine languages and sixty-four nation’s version). It also proposes the SAP
S/4HANA cloud (within eighteen languages and thirty-three nations’ versions). SAP has
highlighted the products as essential to the cloud shift. SAP S/4HANA Cloud as well as SAP
S/4HANA On-Premise contains the functionality for bookkeeping, monitoring, obtaining,
sales, manufacturing’s process, plant conservation, system related to project, and product

ESSAY 4
lifecycle administration, and more incorporation with SAP achievement elements, SAP
Hybris, SAP field glass, SAP Ariba, as well as SAP harmonise (Umar, et. al, 2018).
Moreover, the main differentiator of SAP S/4HANA is the unique manner that is quite
different from the usual interpersonal database. This operates in-memory, with stored data
column, permitting for quicker, near to actual-time analytic as well as calculates abilities.
Moving away from simply recorded data, SAP/S4HANA makes focus over rendering end
user dynamic decisions support in the actual time, which is data-driven and considers the
external data sources and internal data sources. Most significantly, SAP S4/HANA permits
the companies to work flawlessly in the numeral economy. It has the main driving element
for the business utilising SAP ERP over the period, to extremely begin seeing the advantages
related to business of S4 HANA and take decisions in relation to whether they must follow
this new and updated ERP solution (Roso, Fatimah and Rifa'i, 2017).
In addition, SAP S/4HANA delivers the benefits to make the best business decisions. SAP
S/4HANA has been developed significantly for the SAP HANA platform and is
fundamentally improved in relation to the simplification, advancement, effectiveness, and
far-fetched new characteristics. The main advantage is that SAP S/4HANA renders exclusive
benefits to all the stakeholders of company, such as manager of company, information
technology manager and others. From decreased cost of maintenance, democratized data
entrée, quicker report group, enhanced appropriate responsiveness, to allowing the
organisations to get ready for the digital core, the benefits of SAP S/4HANA are various. It is
very significant to know why SAP S/4HANA is good bet for the businesses. In addition of
this, SAP S/4HANA brings about vast interpretation to the organisation as well as the
management of information technology landscape in fact, simplicity is one of the key features
SAP has brought in to its ECC application framework. Further, it makes able the
concentrating of networking sources and hardware, and serves as the digital core for business

ESSAY 5
process simplification, by binding powers of the HANA in-memory database. On the other
hand, in older system, the organisations operated in the issues of numerous division-operate
dependences (Sledgianowski, Gomaa and Tan, 2017). Removal of collective table, decreased
handling time and the easiness, with which the system may respond to dealings as well as
enquiries, ensure that one is capable to spend the effort over planned developments efforts
(O'Leary, 2016).
In addition, S/4HANA empowers advanced performances by permitting to make plan,
perform, and make report and analytics on the basis of live information, as well as activating
period closing and delivering advanced forecasts. This also makes able the corporation to
render best services for the customer-centric application. In addition, HANA proposals
improved the related alertness as well as democratized data entrée (Thite, et. al, 2016).
Following the S/4HANA is very cool move, to the extent that cost effectiveness is measured.
With the help of this, one will be able to get together all logical abilities as well as
transactional abilities of the overabundance of system in one place. It makes able enormously
best decision taking (Avila and Terzidis, 2017). This new system sets the best platform for
innovations related to upcoming period. The technologies are evolving quickly, which means
merely ‘keeping up’ does not cut this any longer. The organisation has to stop ahead of a
curve and take decision, which are ready for upcoming period. This new system S/4 HANA
influence quickness, environment, as well as information accessibility like never before. It is
also driving cloud adoption by businesses, the platform that makes able corporations to
deliver advanced resolutions and extends the abilities proposed by S/4HANA itself
(Mohapatra, Padhi and Mohanty, 2015).
While considering the cloud based future, this is very significant to know that S/4HANA
provides simple changeover to cloud. In the meantime, the move to a cloud may occur at any
period in the corporation, normally for decreasing the cost, and then it is the significant

ESSAY 6
advantages for the business leader for taking into consideration. It can say that it is not so
easy to move from old system to SAP S/4HANA. For moving from traditional ERP solution
to SAP S/4HANA, it is very much essential to have thoughts and thorough assessments of the
advantages that corporation may influence, in the today’s business environment of
competition. Even though, it can be able to render the digital core. Merely, SAP S/4HANA is
the empowering platform (Mauro, 2018). For maximizing the advantages from the
advancement or movement, this is very essential to consider digital capabilities. In this way,
one will be able to assess the decisions to advancement in the direction of this upcoming and
new ERP. The company can made able the clients to go-live on SAP S/4HANA in eight
weeks. In a case, when one is looking to be on-going, or require to make discussion of
strategies and the application roadmap, or the movement/adaptation roadmap, which will
work for the business, then do get in touch (Dhoolia, et. al, 2017).
Further, SAP S/4HANA Simple finance plays significant role in the financial sector. It is very
beneficial for the business. SAP S/4HANA Simple finance is reforming the financing sector.
The reason is that it makes able the firm with wider information sharing, enhanced closing as
well as reporting along with the decision originating analytics supported through the fast
dealings are all the accomplishment reason. In this way, SAP is a key element that renders
numerous financial advantages and improvements (Wunderlich, et. al, 2018).
Furthermore, this is very complex for the organisations to create the improvement in SAP
S/4HANA and HANA in the absence of outer suggestions. In the addition of this, it is also
not so possible to receive authentic suggestion regarding the in SAP S/4HANA and HANA
from larger consulting organisations. It offers the remote unbiased multi-dimension SAP
S/4HANA and HANA sustenance (Schfer and Melich, 2016). For Wipro, the value scheme of
S/4HANA is not clear. The main question is that whether Wipro applied S/4HANA since this
required what S/4HANA had to propose of this did so to trade S/4HANA application service.

ESSAY 7
As with all SAP made focus on information technology consulting corporation, Wipro
apparently desires to get S/4HANA consulting project. This is quite possible that Wipro
consultants tracked the SAP consultant over the application and that it was then added as
experiences to counsellors recommence. It is a complete application can have driven not
depended on the real values delivered from SAP S/4HANA however, over the mixture of
benefits related to marketing and revelation to SAP S/4HANA, which Wipro will get that this
may then improve and resell to the clients. The consulting corporations don’t have workflow,
which will encourage the corporation for the implementation of ERP system (Pattanayak,
2017).
According to ET report, Wipro mislaid the SAP maintenance assignment because of the late
implementation of a business software intended for Nike. Various predictors are attaching the
deal extent between ten million dollars and forty million dollars. The expansion comes at the
period while information technology firms are gradually forcing for pension agreements from
the customers between issues of development in old-style service businesses. It is mentioned
in ET report that the delay was almost of one year in application of the SAP software for
Nike as well as post accomplishment, Wipro has lost preservation part for certain software to
the rivals (Baumeister, Floren and Sträßer, 2016). In this way, Nike stopped the work related
to SAP maintenance for the few months.it is also reported that the service related to software
would, however, continue servicing the technical assignments for Nike. After this case, the
Wipro made the response as answer of mail sent by ET that the company does not make
comments over the particular client’s engagement. The mail to Nike looking for details went
unreciprocated. The customers have forcing software service provider to change cost over the
projects of maintenance, often supposing sellers to utilise the automation devices for
improving the efficiency. SAP application project or Oracle application project, at a period,

ESSAY 8
observe the modifications in business requirements from customers, which may result in
various scopes of work (Ganesh and Mehta, 2016).
Additionally, the SAP Enterprise Solutions group of KPMG renders the exclusive coverage
of business as well as technologies amalgamation service and resolution, along with the
multi-disciplinary team with detailed approach, individuals, sectors, procedure and change
administration, taxes and software technical proficiency. The main purpose and independent
methods make able to follow the more strong methodologies for an application of the
lifecycle, the approach that may support in enhancing the projects related advantages,
decrease risk, and therefore provide value to the company. The company helps its clients
direct by all the stages of SAP application project, helping increase the business’s values and
the return on investment. The company faces various issues during the implementation of
SAP. With experienced SAP practitioners across the sphere, KPMG is created to fulfil the
transformation related to business and system application requirements for all types of the
organisations from the approach by current administration. By designing as well as applying
the international supply chain, KPMG has made able the Jaguar Land Rover for the
presentation of innovative Chinese factories over schedule, opening the vast marketplace
chances for the positive Range Rover Evoque method. Additionally, for rendering the
functions, approaches and the information technology advisory services, KPMG also took the
inspiring extent and deepness of the speciality. The tax staff of KPMG made the supporting
procedures along with regulations for the VAT, custom and transfer pricing, when the
individuals & change group rendered change administration provision for an innovative
method, carrying out the training as well as examining. Presently, Jaguar Land Rover has
ability for satisfying the larger and developing marketplace requirement in China,
manufacturing the vehicles at very low cost, and releasing itself from the risks of importing
duty and probable future trading constraints (Jones, Biswas and Chacko, 2018).

ESSAY 9
As per the above analysis, it can be concluded the primary way is to move to SAP Businesses
suite over the SAP HANA and next to apply the packages, which consist of the
interpretations. Presently, these come in a form of SAP Simple. The SAP S/4HANA indicates
the move away from a transactional method, which only records information to rendering end
users dynamic decisions support in actual period, which is depended on the information from
the external sources as well as internal sources (Le and Lehmann, 2016). In recent period, the
companies are in a procedure of establishing the value calculator related to business for SAP
S/4HANA, which would drill down to enumerate the advantages at a stage of personal
resolution. In a SAP Businesses suite over SAP HANA, the clients already have the option of
measuring the matters related to business made able through the TCO saving as well as the
optimization. These calculations are equally valid for SAP S/4HANA. However, the
simplification made through SAP S/4HANA take other advantages too that value calculator
related to business would consider, like as an utilisation of different user edges, decreased
volume related to information, higher suppleness, and greater quantity. For an instance, the
finance sector would get profit from effective shared facilities as well as enhanced financial
closings. In this way, to solve the difficult commercial issues with SAP S/4HANA, it is
required to make believe on established development and experience working with
companies in the various nations in place of other dealers.

ESSAY 10
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ESSAY 11
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ESSAY 12
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ESSAY 13
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