Research Report on SAP S/4HANA

RESEARCH REPORT ON SAP S/4HANA
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INTRODUCTION
The Study involves the analysis of SAP S/4HANA. The focus is on the historical overview of
SAP S/4HANA, its originality and progress so far. Secondly, highlights on the comparison
between the SAP S/4HANA system and the current SAP ERP FICO. The study also expounds
the benefits of SAP S/4 HANA finance system in the organizations especially upon adoption of
the application, and finically is a case study of three companies named; European bakery and
Metal Manufacturer to study the impacts experienced upon deployment of the system, “Source
for SAP financials tutorials”, Maheshwari, 2017.
SAP S/4HANA Simple Finance
SAP S/4HANA Simple Finance is a revised version of SAP Simple Finance which includes
features such as a general journal, real-time analytics, and streamlined design among other as
argued by Sledgianowski, Gomaa and Tan (2017). One of the aims of designing SAP S/4HANA is
to raze traditional barriers associated with finance, “SAP BW/4HANA and BW on HANA”.
Espresso Tutorials GmbH (Riesner, and Sauer, 2017)
The use of SAP S/4HANA Simple Finance has become critically important for all decision
makers model data and create projection of important data using real-time analytics using
various systems, (Berg, Silvia and Frye, 2012, 4th Edition).
The system innovation was made to re-engineer business applications and take maximum
advantage of the HANA database, Plattner and Leukert, 2015. “The in-memory revolution."
SAP ERP FICO
SAP ERP FICO is known for providing financial management solutions in broad category of
industries. It has been recorded as the top business software solution for the business financial
operations and corporate governance. SAP FICO stands for financial accounting and Controlling.
It is an important module of ERP and FI & CO modules, that is, financial accounting and
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controlling modules stores the financial data as argued by Azevedo, Romão and Rebelo, (2012,
p.264-272). “advantages, limitations, and solutions in the use of ERP”.
SAP FICO is used for external reporting through financial statements like income statements
and financial position while SAP integrate other organization modules such as project planning,
material management , Sales and Distribution administration among others, Hey and Trefethen,
(2003, p. 809-824). The data deluge: An e‐science perspective. Grid computing: Making the
global infrastructure a reality. ERP systems are important applications of most in most
enterprises supporting core functions like, accounting, financial reporting of the business.
Benefits of SAP FICO
 The system is less complex and simple to be operated by the users, it is user friendly.
 The system is persistently being updated by the professionals to come up with current
software release.
 The system is more business agility, usability and insight. It is quicker, and its
configuration is fast and gives simplified solution within short period of time as
explained by; Aloini, Dulmin and Mininno, (2012, p. 484-495)
However, it is difficult to maintain ERP because of its technicality thus needs a technical
approach, Ghosh (2012).
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The scope SAP S/4HANA
It has been realized that user support of SAP S/4HANA Simple Finance ranges around five
hundred companies over the world, and its mainly focused on financial experts and leading
professionals, in all the industries ranging from chief financial officials and others involved in
various activities like accounting and tax department, treasury and financial operations or even at
risk and compliance department of companies, “Towards declarative in database machine
learning”. (Li, Cui, Chen, Wu, and Zhang, 2017 p.1933-1936).
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Some advantageous characteristics of SAP S/4HANA Simple Finance it’s meting out speed
incorporated with a different financial qualities that, its rate is as nearly to a quarter of one with
performance compared to other programs used (Andrei, et al. 2017 pp.1754-1765).
SAP S/4HANA Simple Finance is portable, making it flourishing as it can be implemented on
any location in the cloud or even any other areas. According to Weinzierl (2015) and Hota (2013),
this generally gives it the right to be applied and side to outstanding products or also bundled
products together.
SAP 4/Ha SAP simple finance is also called SAP S/4 HANA. SAP HANA power SAP simple
finance to provide accounting solution. It has a financial and accounting procedure that facilitates
active support of operations.
SAP S/4 HANA finance have the subsequent finance releases; SAP S/4HANA finance release of
1605,bSAP S/4HANA finance in premise release of 1503 and SAP simple finance Add-on for
SAP business suite powered SAP HANA, Färber et al. (2012, p. 28-33), The SAP HANA
Database--An Architecture Overview. IEEE Data Eng.
SAP simple finance has the following key features
 Financial planning and analysis- helps an organization to forecast, plan and budget the
processes in progress. It also enables the prediction of management decision using
financial statements.
 Accounting and finance-Enables the organization to compile the financial in term and
ensure that the report adheres to the standards required.
 Financial Risk Management-its helps the management to anticipate the financial risk, and
find ways of mitigating such risks.
 Risk and compliance Management- Prevents unauthorized access of unauthorized and
sensitive data of an organization. Also, help to detect any fraud and errors.
 Has a technical system Landscape that integrates material management, sale, and
distribution.
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