Computerised Accounting in ERP

Computerised Accounting in ERP 1
COMPUTERISED ACCOUNTING IN ERP
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Computerised Accounting in ERP 2
Introduction
Organizations are usually faced with immediate need in embracing digital ages in order to
match the evolving and new business models and provide decision markers with some instant
insights. Some are even pushing for idea of modernization without a clear understanding of
what this concept is all about (Salmon & Wild 2016). In this case, one has to be clear on what
the fact is all about and may even be compelled to upgrade the systems with the aim of
enhancing prospective value of the large-scale variations. As such, the paper aims to evaluate
some of the issues related with SAP S/4HANA Finance as well as the chief benefits that it
would give to businesses.
Historical Overview of SAP S/4HANA Finance
It is the solicitation in the S/4HANA ERP stand. Basically, S/4HANA Finance is a SAP ERP
Suite that is usually fully able to ride on the SAP HANA catalogue. It is developed on the
basis of SAP NetWeaver. Further, S/4HANA comprises of different set of the intersected
fiscal management tasks which offers actual information (Kollár & Martiško 2015). It is
considered as portion of the S/4HANA and is mostly founded on HANA in-memory
catalogue stand. It assimilates the cross-structural roles into a single scheme which syndicates
the transactional procedures as well as the analytics for actual applications. Basically,
S/4HANA makes use of the SAP Fiori as well as modified UX for the user friendly
experience. In other words, S/4HANA previously identified as the SAP Simple Finance was
the chief corporate solicitation which was established for S/4HANA stand (Salmon & Wild
2016). This is usually designed in removing the traditional obstacles in between analytics,
planning and transactional systems in providing instant insights as well as on-the-fly scrutiny
through the utilization of various stages of the fiscal statistics. For instance, S/4HANA could
be utilized by business decision makers in modelling data and creating the forecasts of the

Computerised Accounting in ERP 3
probable decisions through real-time financial information from numerous systems. The
system is mainly aimed at helping the financial specialists and professionals in all sectors
including the CFOS as well as others who are involved in tax and accounting, financial
operations, treasury, compliance and risk evaluations. According to Plattner and Leukert
(2015), SAP S/4HANA Finance is usually a holistic set of the financial accounting as well as
management solutions, spanning financial planning and analysis, as well as compliance and
enterprise risk management. Additionally, SAP S/4HANA Finance stands for the
collaborative financial operations, financial and treasury risk management, as well as
financial and accounting close.
SAP S/4 HANA Finance developed by the mid-2011 and numerous Fortune 500 firms began
considering this system as the only option in maintaining their corporate wants. By 2012,
SAP Business Warehouse came in with the aim of supporting the real-time business,
transaction and OLAP on similar system. By 2014, the SAP Simple Finance which was
driven by the SAP HANA came in for the prompt monetary vision, single source and no
combinations of the information for recording. Finally, by 2015, the SAP S/4HANA Finance
was announced which gave totally new user experience, multi-tenancy, simplified data model
as well as advanced processing (Missbach et al 2016).
The SAP S/4HANA Finance is usually based on native HANA platform in supporting
simplified information or data models, no indices, no aggregates among others. The system
has a very integrated role-based access and Fiori-based user interface for diverse purposes.
Furthermore, SAP S/4HANA Finance is usually founded on a progressive in-memory stand
and provides modified Fiori-based user friendly experience in accessing the role-based
solutions. The system is deployable over the cloud setting or on-premise solutions. With
these considerations, a good number of clients are currently moving from the SAP Business

Computerised Accounting in ERP 4
Suite into S/4HANA Finance. Furthermore, S/4HANA Finance provides SAP rapid
deployment solution in performing fast relocation to HANA policy as well as to the SAP
Simple finance (Kollár & Martiško 2015). With S/4HANA, the SAP is currently offering new
products as well as next-generation businesses with simple enterprise software to be used for
big data and in helping businesses run simple in this digital economy.
S/4HANA Finance versus the SAP FICO
S/4HANA Finance SAP FICO
S/4HANA Finance provides very similar
ECC functionalities to individuals in a
manner that would benefit from the data
accessibility, speed and context (Rouda
2016).
SAP FICO does not offer any ECC
functionalities (Kaar Technologies 2018).
S/4HANA utilizes new general ledgers
accounting approach which is executed
automatically.
SAP FICO has two different general ledgers
architectures (Kaar Technologies 2018).
S/4HANA has a stretched warehouse
management functionality which is
embedded in its core-system (Kaar
Technologies 2018).
SAP FICO on the contrary has separate SAP
SCM systems.
The SAP S/4HANA Finance utilizes in-
memory calculating powers of the HANA.
This database reads the data much faster
since it read the data directly from the
SAP FICO only runs on the Oracle (Kaar
Technologies 2018). The data in this
database is mostly retained in the hard disk;
hence, take time for the user to read the