SAP S/4 Hana Finance: Overview, Comparison, and Advantages

This document provides an introduction to SAP S/4 Hana finance software, including a brief overview, a comparison with SAP ERP FICO, and the advantages of implementing SAP S/4 Hana Finance. It also includes case studies and discusses the benefits of SAP S/4 Hana Finance for businesses. The document is relevant for anyone interested in understanding the features and benefits of SAP S/4 Hana Finance.

SAP S/4 Hana

Contents
Introduction.................................................................................................................................................2
Brief overview of SAP S/4 Hana finance....................................................................................................2
Comparison between SAP ERP FICO and SAP S/4 Hana finance..............................................................4
SAP S/4HANA Finance for business and its advantages.............................................................................5
Case Studies................................................................................................................................................8
Conclusion.................................................................................................................................................10
Reference..................................................................................................................................................10

Introduction
SAP S/4 Hana finance software in ERP which is used in the database to store and help
companies execute transactions and help analyze real-time data. The implementation of SAP S/4
Hana in the company is included in this report and its influence on improving the performances
of different business units. This report includes the discussion of implication of SAP S/4 Hana in
the functions of business and its benefits to the organization for the competitive advantages. The
latest version SAP is SAP S/4 Hana which benefits the company in the process of accounting.
SAP Simple Finance is another name of SAPS/4 Hana as it helps in the accounting processes of
the corporates (Nieslanik, 2017). The transactions of the business can be simplified with the
implementation of SAP S/4 Hana finance and help in making the day to day transactions easy for
the finance department. This report includes a comparison of SAP S/4 HANA and SAP ERP
FICO. It includes the various benefits of the SAP S/4 HANA finance for the industries and two
company’s case studies will be provided who had faced the issues during the SAP
implementation software in the business process.
Brief overview of SAP S/4 Hana finance
SAP Simple Finance includes another name which is SAP S/4 HANA as all the traits of
accounting are included in this version. All the daily transactions can be recorded of the finance
which includes all the cash order, pay procurement, product planning, and services for request. It
is a measure of SAP S/4 Hana as it supports in integrating the cross-functional functions in one
system which combines the transactional process and analyze the real-time application. The
version of S/4 Hana was launched on 3 February 2015 and also two different products which are
SAP S/4 Hana on-premise and SAP S/4 Hana cloud (Nica, 2017). In SAP finance the use of SAP
Fiori is used for consumers and personalizing. The main purpose of SAP is removing the various
errors and barriers which arise in transactions, analyze and plan the systems for providing
insights and applying the analysis which is used for the financial data. Sap S/4 Hana is used by
the decision-maker in business for modeling the data and creating forecasts for making the
potential decisions with the help of real-time data of financials. SAP S/4 Hana is effective for the
professionals of finances and industries specialists which includes accounting and taxation,
financial operations, risk and compliance, and treasury. The main purpose of SAP Hana s/4 is to

provide the benefits to the company by integrating the features for the functions of finances like
financial accounting and management accounting. It is responsible for making the processes
faster for reconciling for the closing quarterly and providing the various financial truth for the
organization. It is the implementation of new software, system conversion and landscape
transformation (Necas, 2016). It can be customized according to the needs of the customers. It
includes controlling and monitoring the financial system effectively and it is useful to make the
process easy and generating the correct information for making effective decisions. There are
various elements that are comprised in the procedure of SAP S/4 HANA; accumulation and
application integration which are included in company process. It includes the analysis on a real
time basis, preparing journals, designing which are based on the streamlining. The vital element
of SAP is the SAP simple finance 2.0 and the latest version is SAP simple finance 1.0. for
financial accounting. Reporting and analysis is the element for ensuring to provide the work on
time by installing the SAP Hana live as an enterprise system. It is used as a financial tool for the
financial capabilities and development of the business (Kollars and Martisko, 2012). it brings
effective experience for the users and fulfills the requirements in business.

SAP brings the various opportunities and effective ideas and makes the process easy for the
employees by reducing the manual work in financial accounting. The implementation of an
effective strategy helps in pursuing the digital transformation in the business (Nieuwenhuis,
2018). It is useful in making effective strategy, innovation and progressing the performance of
the business.
Comparison between SAP ERP FICO and SAP S/4 Hana finance
SAP FICO is an effective element which helps the business in giving permission for pursuing all
the relevant information of financial data. It is analyzed that the main focus of the SAP FICO is
to accomplishing the report of financial statements and evaluating decisions for effectively
managing the plans for business and helps in forming the plans and making effective decisions.
SAP FICO includes the formats for managing the plans are SAP controlling and SAP finance for
using it in separate process for financial analysis. SAP CO includes the process for planning and
managing the expenses and SAP FI helps in thriving the bookkeeping and reports of the finance
process (Jacobs and Matiana, 2017). Earlier SAP FI and SAP CO were dissimilar and working
separately but after some time they both integrated and amalgamated. SAP FICO and SAP S/4
Hana are diverse models in which SAP software includes the process for memory databases
which helps in assisting and processing the data storage. SAP ERP includes the process of
software and it is an updated version of the enterprise resource planning system (Riesner and
Sauer, 2017).
In the books of cost accounting, it is necessary to consider the primary and secondary elements
for the general ledger as the process of initial data for accounting. It helps in assisting in creating
and aggregating the financial accounting and management accounting for creating universal
journals. It includes the process of reconciliation for documenting the FI and CO for
accumulating both together. SAP S/4 Hana supports in creating the platform for the business
(Islam, 2019). It helps in assisting to render and securing data for the universal journals. it helps
to render the central finance for consolidating the information which is required for the end-
users. It helps in showing the common view of the financial data.
SAP Hana includes in-memory database to help the system assist and process and store data.
SAP FICO purpose in business main focus is on the company's finances and accounts for helping

and managing the financial statements and assessment decisions of the report so that it can be
effectively planned and managed for the organization and contribute to plan and making
effective decision. It is the part of SAP that helps develop business processes in the organization.
It includes the ability for managing the process of different business and the business functions
are HR, finance, sales and marketing. The migration of SAP S/4 Hana Finance is useful in
building an effective platform for financial management. It helps to render and secure the data
and information with the help of universal journals. It is responsible for consolidating the back
end information and provide the relevant information for the different business functions (Fleig,
et al., 2018). It is essential for the company to consolidate the information for the purpose of
auditing business functions (Rajšp, et al., 2018). SAP FICO includes the financials and
controlling in which SAP FI includes the external requirements which include the balance sheet,
income statement and cash flows and SAP CO includes the necessities of internal system in
which includes the reports of cost center and analysis of profits. SAP FICO is created on the on-
premise database model.
SAP S/4HANA Finance and its advantages
SAP S/4 Hana is the method which is adopted and implemented by the business to provide the
easy process to employees and make the work error free. It is analysed the software of SAP can
make the business effective and helps in growing the business. SAP Software helps in supporting
the management of cash, planning of finances, receivables and payables of accounts, and risk
management of the business. It is an automated process that includes the feature of customization
and used as a consumable reporting (Elbahri, et al., 2019). SAP software is essential for business
for growth and provides the service of embedding from end to end process of planning and
Eliminate skew and redundancy with real-time operational data. It helps in creating ad hoc
simulations for the change in the business or it can be new model of business in enterprise
resource planning. It provides a 360-degree view of the company for taking decisions in real-
time.
Flexibility- It provides flexibility in the business. It delivers a truth from single source as
flexibility in the business process which is effective and reliable. It is considered as a real-time
finance platform for serving and keeping the financial and managerial accounting information

automatically and it does not require the time-consuming reconciliations (Eilers and Stark,
2016). It helps in all the financial processes by integrating planning, predicating forecasting, and
simulation in business help in making the business-centric planning and forecasting. It process
form the batch to real-time by running the information of closing of finances in an effective and
fast way. It helps the organizations in moving from lengthy batch-oriented real-time processes of
the organization. It provides the facility of instant financial analysis to the organization. It
contains the real-time information and predictive planning for the finance business function. The
implementation of SAP software of finance helps in making the process continuous in
accounting and monitoring the controls in an effective manner (Plattner and Leukert, 2015).
It helps in providing a truth from single source as it benefits in reconciliation process and helps
in improving the accurateness of the information for making the effective decisions (Steenstra, et
al., 2015).
Software of SAP benefits in increasing the efficiency and productivity of the business. When the
tasks and activities are performed efficiently and error-free, it increases the productivity of the
business. the processing time of the task will be reduced and gain huge productivity (Singh,
2017). It includes the feature of flexibility to help in saving the time of process and supports in

generating real-time insight for the process of collecting cash and helps in making the
arrangement for payments to customers.
It includes the feature of making the universal journals of management and financial accounting.
It includes the process which contains no aggregation and duplication of data as it helps in
identifying the movement of cash in an effective manner as the work in finance can be provided
with a line item and supports in providing the insight of the businesses.
It benefits in analysis of finances and financial planning for effective use of resources of finances
and making the business plan for using the long term objectives of the organization. the company
uses the various problems which are linked to duplication of transactions, errors in entries and
other financial errors. It provides the benefits of combining the transactional and analytical data
and it helps in moving the planning the static to planning for real-time. SAP software helps in

delivering the data which is historic, actual and predictive. It is a real-time pre-packaged
software options for the users and businesses for updating information and can evaluate real-time
information to report and implement the functional elements of enterprise resource planning in
the business. It helps prepare for innovation in the future. Keep the future in mind when
developing SAP applications to effectively synchronize user needs, technologies and needs.
SAP software provides the cloud storage system which contains the recorded information of the
business and organizing it in an effective manner in the devices of cloud storages which helps the
managers in gaining the needs and using the effective products of the SAP software. In the
version of cloud storage, the data is presented in a form for changing the position from one place
to another quickly. In order to reduce the various overhead costs, it is essential in the business to
maintain the information and data effectively. in cloud storage, the various benefits can be taken
after migrating the information and data for presenting effectively.
SAP process benefits in financial risks and management of the treasury. It helps in accessing the
data and information on time and makes easy flow of business and also supports in decreasing
the various costs of management. The various tools of software helps in meditating the numerous
accounts like receivables and payables which helps the assisting and reducing the time and
making the payment when they are outstanding (Akeel and Wynn, 2015).
The advantages of SAP software of finance includes the engage of flexible business process as it
helps in redesigning and optimizing the process by focusing on exceptions and critically
analyzing the tasks and the procedures can be transformed easily in the corporate model
(Shalaby, 2017). The processes can be improved by instant insight for enabling timely and
relevant decisions and does not lag time. It helps in assessing the various financial associations
for decisions in strategic business.
Case Studies
Migration of SAP S/4 Hana in Deloitte
Deloitte has implemented the software of SAP for making the effective use and providing the the
advantages to organizations. During the application of the software, the company has confronted

various matters and process required the long procedure for implementing the new system. in the
process of migrating the business has faced the issue of customizing the software (Schoder,
2015). Deloitte has made several changes during the migration and in the last the management
took the decision to reinstate and existing system updating is not focused as after the several
customizations, the software was not successful according to the requirement of the business.
Issues were occurring during the process and architecture for growth and acquisition of the
business. In the process, the software was decentralized, duplications were occurring and high
customization was occurring in the migration of S/4 Hana finance. It is analyzed that the process
was non-standard and inefficient (Deloitte, 2019).
SAP S/4 Hana application requires effective planning and required to consider the realistic plan.
Later on, Deloitte understood the cycle of SAP which includes the planning, process designing,
data management, past information and data, and the most essential is providing the training
employees for using the system effectively.
It helps organizations improve operational efficiency by improving logistics, optimizing
inventory, standardize the policies and control the quality. During migration of software, it is
required to effectively enter the old data and information for making the effective use of system
(Anwar, 2016). Deloitte has faced the issue of data integrity which required the various
customization of process.
In the situation of ROI management consulting, updated software was implemented in the
managerial body. The updated software helped the employees in meditating the change process
for employees as they play a major role in the business. The company took various advantages
with the migrating of the process with the help of cloud storages (Roi-international.com, 2019).
For the ROI it was very easy to shift from the old method to new in the management of
operations, IT and business functions for integrating the information. It helped the organization
in making the new effective performances and information traits for the success of business
management. They had implemented the system of cloud storage for migrating the information
and providing effective quality data. ROI believes that migrating software to S/4 Hana includes
the easier way to operations management, information technology, and business process
functions to make the business more integrated. It benefits in shaping new variables to improve
performance and processing data to successfully manage the business.

Conclusion
In conclusion, it is analyzed that application of SAP S/4 Hana finance software is effective for
the industry and it provides the various advantages to the business. It supports in creating the
accounting process effective and comparison is done between SAP S/4 HANA Finance and SAP
ERP FICO. The company faces various issues in executing the updated software in industry as it
contains the long procedure and requires effective procedure for implementation.
Implementation of SAP in companies will be discussed as a case study in ROI consulting
company and Deloitte as they faced the issues in migrating the software in the business. It is
concluded that SAP S/4 Hana implementation is effective for the business. It helps in reducing
the work of the employees and provides the various strong tool and techniques which includes
the innovation, strategies, and progression for the company. companies face the contrast traits
during the immigration of SAP S/4 Hana and Deloitte company was not satisfied with the
migration as they are required to customize the procedure in software and ROI management
consulting migrated the SAP effectively and they were utilized for making the beneficiary
products for the company.

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