Woolworth and Telstra: Research Report
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Added on 2019-10-08
Woolworth and Telstra: Research Report
Added on 2019-10-08
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RESEARCH REPORT1
Table of ContentsIntroduction................................................................................................................................3Analysis......................................................................................................................................3Historical overview of SAP S/4HANA Finance....................................................................3Difference between current SAP ERP FICO and SAP S/4HANA Finance...........................5Benefits of SAP S/4HANA Finance for businesses...............................................................7Case Studies of companies...................................................................................................10Conclusion................................................................................................................................11Reference list............................................................................................................................12Appendices...............................................................................................................................142
Introduction It is important to evolve with time according to the need of the organization. Every companyneeds to be flexible in order to cover the best out of their operational activities. similarly, inthe case of big firms, data are also present in a huge amount. It is not possible to manuallyhanded the data of the organization efficiently. The major requirement is in the field ofhandling the financial data of the organization. It helps in easy reporting of the finical andoperational activities by combining the results of both the activities. It makes the reportingprocess east and reliable which is the major demand of the financial reporting of thecompanies. It provides analysis on the basis of real-time forecasting and simulation withsignificant user experience. This paper will cover the historical analysis of SAP S/4HANAFinance. The difference between the SAP S/4HANA Finance and the current SAP ERP FICOwill also be discussed in this section. After considering this, the benefits of the SAPS/4HANA will also be taken into consideration. The case study of the companies who haveadopted this method over any issue will also be discussed. The companies involveWoolworth and Telstra were the leading business in their respective industries. The summaryof this task will help to get a clear knowledge of the entire task performed so far.Analysis Historical overview of SAP S/4HANA FinanceSAP S/4 HANA is turned to be the most effective tool to solve the financial problems of theorganizations. It is a suite if SAP ERP 6.0 which enables you to run on the database of SAPHana. SAP Hana finance is one way more advanced than the previous one. It tends to provethe solution to the financial background of the organizations by dealing with the historicaldata also. The comments of the FICO have been integrated into this system. this is beingdone to take full advantage of the SAP HANA. The simple version of the SAP finance whichis 1.0 was released in the year 2014 (Walz et al. 2017). This was the optimized version of theSAP HANA for the business suite. The SAP HANA finance version 2.0 in an integral part ofthe SAP S/4 HANA. This was released in the year 2015. SAP HANA finance version 2.0 is aredesigned successor if the SAP simple finance 1.0. the latest version of the SAP S/4 HANAis present on the cloud version as well as the recorded successor. [Referred to appendix 1]3
SAP S/4 HANA is considered to be the part of the S/4 HANA suite. This suite consists s theconstituents if the SAP S/4 HANA. The four components kept by SAP S/4 HANA are:The core or functional component- SAP provides several enhancements and financecapabilities which the functional or core part of it. The person needs to be net weaver 7.4 andversion 2.0 of sap gateway. The ECC component or ERP central component 6.0enhancement package needs to be kept by the user. The SAP HANA 1.0 version couldupgrade to SAP S/4 HANA (Hoang and Ruckes, 2018). The functional upgrade is the SAP S/4 HANA that is evolved from ECC 6.0 has the capability of the transactional tables. The user or presentation experience component- GUI component of the SAP Flori basedallows the users to get interact with the major or core component. This is being done by theunder friendly screen known to be the flori. The version which is required for this feature is7.4 version of the SAP weaver. The version 2.0 of the Sap gateway is also required. Themajor thing to note that it is an optional component that could be continued with the GUISAP and the business client who is using the net weaver option of the SAP. This provides theopportunity for the user interface.The analytics or reporting component- This is the major component under the SAP S/4HANA. It provides reporting on a real-time basis. This is being done by the pre-packagedHANA. This enables the live views for the users. This is proved to be the major innovation inthe field of managing real-time information. Users could get connected with the dataproviders o the same time. The perquisites that are required for availing this service are SAPHANA, SAP HANA LIVE 1.0 for SAP ERP (Mathew, 2015). It could be said that it isoptional requirements to get connected with this service of live views.App component- this is the major component final analyst. This could be said that it is thecollective of the application based on an analytical background. This is needed with regard tothe financial suite. the requirements are from the background of the financial analysts thatneed to be required for making the process happen (Nica et al. 2017). The internet connectionand a developed system is required to complete the entire processSAP S/4 HANA finance version is said to be the power pack version. It is all in one functionof the SAP developed so far. The posting in the several ledgers like a material ledger, COand asset accounting has been moved to posting in one ledger. All the ledgers are getting4
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