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Research Paper Assignment

   

Added on  2020-10-05

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RESEARCH PAPER

Table of ContentsINTRODUCTION...........................................................................................................................1A brief historical overview of SAP S/4HANA Finance.............................................................1The difference between SAP S/4HANA Finance and current SAP ERP FICO.........................3Benefits of SAP S/4HANA Finance for businesses....................................................................6Case Studies of companies and the issues they faced migrating to SAP S/4HANA Finance....8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONResearch paper considered a writing piece preprepared on the basis of author's researchsubject to particular topic or point (Beel and et. al., 2013). Analysis of particular topic done withthe help of research paper. SAP S/4HANA is an entrepreneurial system software that helps inanalysing the data with the help of the proprietary operational database system. This report isprepared to analyse the immediate need to embrace the digital age to match the new and evolvingbusiness models and offer decision makers with instant insight. The use of SAP S/4HANAProcess analysed with effect of flexible and easy reporting.A brief history and overview of SAP S/4HANA finance and the difference between SAPS/4HANA and SAP ERP FICO are analysed in this report. Advantages of SAP S/4HANAKeepchanging and managing the departmental needs it is require to demonstrate the results that onlyrelevant to the business operations. This paper mainly use the different segments regarding thestructure and preparing plans for deploying strategies. A brief historical overview of SAP S/4HANA FinanceSAP S/4HANA is an business resource planning software that helps in managing thetransactions, process of recording transactions, procure to pay, order to cash plan to product andrequest to service and core capabilities (Johnson, 2012). It is a short form of “SAP BusinessSuite For (4) SAP HANA” It is one of the integrated system software that records theinformation at large level and produce a comprehensive report to assist management decisionand resource planning. It was introduced in 2010 and different applications were used as SAPERP, SAP business suite. It is ran on the basis of SAP HANA database and other data base. Newsoftware was launched on February 3rd, 2015 at the New York Stock Exchange. The eventintroduced could process cloud and premise editions and launched the on premise edition. Cloudaddition was on of the new addition launched followed at SAPPHIRE NOW on 6th May, 2015 inOrlando, Florida. SAP's journey started back from 1972 when it introduced its first product in marketnamed R/1. The architecture was mainly introduced to analyse the different culture and sectionsfor different systems. R1 also considered as a one tier system that helps in recording the financialand accounting transactions. The architecture of R/1 was made off three layers as presentation,application and database. It is required for an ERP system to installed one single system and1

server to record the information and data at single place. The management and procedure mainlybased upon the product mainframe version. It was firstly introduced in 1979 and the three layerwere installed in main two servers. In 1992 R/3 with three layer interface system was launchedfor efficient accounting and information retaining software. The current software of SAP is R/3requires three servers and systems. R3 is one of the widely used system software by clients andcustomers for better understanding and use of management procedures and management skills. Itis analysed that the user friendly interface was mainly introduced for managing the Graphicaluser interphase for ethical base and standards. It was the main aspect considered essential interms of developing the accounting and reporting structure of business and managing sections inbetter use and enabling process of interfacing between the SAP and R/3. It enables IDOC/ALEprocessing form that creates a segmented and oriented information to users for better use andmanagement. It allows changes with in system and reduce the conflicts by deducting repetitionsof same financial transaction for a particular time duration.After the tier architecture different type of formats and architectures were introduced inthe form of ECC (ERP central component) in 2004 (Plattner and Leukert, 2015). ECC assistaccountants to run the software business warehouse and strategic enterprise management (SEM).It was the first SAP solution to organisations subject to application to a web browser or theinternet. It was the high performance tracker that impacted the net effect of distinction andclearance between the data base. Till 2012 R/3 was considered in the list of innovative systemsoftware and the was considered most valuable and voidable product in SAP's history. Thischanged by HANA after implementing the new software. S/4 HANA was also one of the form ofSAP system. There is no any major difference between the HANA and S/4 HANA. It is one ofthe high performing software used in management accounting.After wards it get updated from ERP to SAP S/4HANA which is that is considered oneof the biggest update at this platform. Form two decades it is assisting the medium and largeenterprises to assist the management decisions. It evaluates the transactions by their nature andprovide a consolidated information and details. SAP S/4HANA finance is a part of SAPenterprise management that release 1610 and the solutions to enterprises. It contributed hugecontribution in terms of attaining the accounting and financial requirements of organisation ingiven deadlines. Financial planning and the managing sections were analysed in term ofdeveloping the viable accounting and financial planning software. Booking keeping is one of the2

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