SAP S/4HANA Finance: Benefits, Differences, and Case Studies Report

This report delves into the world of SAP S/4HANA Finance, exploring its historical background, key features, and advantages over traditional SAP ERP FICO systems. It examines the benefits of S/4HANA Finance for businesses, including improved performance, agility, simplicity, and innovation. The report highlights the role of SAP HANA and SAP Fiori in enhancing these benefits. Furthermore, it provides case studies of companies that have migrated to S/4HANA Finance, discussing the issues they faced during the transition and the positive outcomes achieved. The report also covers the key components of SAP Simple Finance, and its use in real-time financial functions, accounting and reporting. It emphasizes the importance of understanding the fundamentals of SAP Simple Finance and the process of dealing with the numerous sub-modules as well as modules. The report concludes by emphasizing the importance of SAP S/4HANA as a top ERP system for businesses seeking digital transformation and competitive advantage.

Running head: ESSAY 0
COMPUTERISED ACCOUNTING IN AN ERP SYSTEM
JUNE 11, 2019
STUDENT DETAILS:

ESSAY 1
S/4HANA offers the software in a world of business. As SAP’s flagship ERP solution, the
S/4HANA includes hybrid, cloud, and on-place deployments. S/4HANA provides 25
industry’s verticals. In 2018, like the ERP Technology Value Matrix, S/4HANA is
considered as the platform where SAP provides the innovative technical innovation in ERP
space facilitated through SAP Leonardo, like mechanical education and analytical analytic.
There are various advantages of the new abilities provided by the SAP. The functionality of
S/4HANA has enabled the corporations to go ahead in the competition and also enabled the
business procedures, which were not possible over the traditional technologies. For all the
clients, a business matter that was driving the application was the requirement to
consolidating and eliminating the silos amongst the company’s fields. The maximization of
ROI was not considered as encouraging element behind a shift to S/4HANA through the
clients. Also the customers were searching to change the various components of the business
to operate very effectively and run with prolonged ability to ease the development planning
of the company.
SAP Simple Finance (S/4 HANA Finance) is very significant module to accomplish SAP
Finance as well as accounting driven by SAP HANA. This is utilised to execute the financial
functions as well as accounting in the real-time. It is also utilised to report with the help of BI
tools. It is also useful in examining the financial position of the company in a marketplace. It
is very essential to know the fundamentals of SAP Simple Finance and to know the process
of dealing with the numerous sub-modules as well as modules. This essay describes
background of SAP S/4HANA finance, its advantages, as well as differences between present
SAP ERP FICO and SAP S/4HANA Finance. In the following parts, the issues faced by the
corporations in transferring to SAP S/4HANA Finance is discussed and assessed.

ESSAY 2
SAP S/4HANA Finance means to the financial application in SAP S/4HANA ERP stage. It
has a set of relevant and related financial administrative processes that provides the real-time
data from ERP application (Salmon and Wild, 2016). The SAP S/4HANA Finance is related
to S/4HANA. The SAP S/4HANA is made on SAP HANA in-memories recording platform.
In this way, it is a SAP ERP 6.0 suite that is completely capable to operate upon the SAP
HANA database. The main key components of the earlier FI/CO suites have recorded so that
they can have advantages related to the prospective of SAP HANA (Burns, 2018). Hence,
within 10 years, there would be permanent improvements as well as preservation that will be
searched in a SAP business suite ‘ECC’. It is very useful for various corporations everywhere
in the world and after development of SAP HANA database, the business suite develops in
better manner in some difficult cases. The best present solutions made for SAP
S/4HANA would be justified for the operation in a suite as well, for example, the SAP
Fiori self-service scenario. It will be good to stay in SAP S/4HANA business suite for the
expected upcoming period.
Further, the different structures are available after this. In relation to the data model ease, an
in-memory database of SAP HANA makes able the completely dissimilar application
structural design as well as the innovative concept. Even though the utmost commercial
functionalities of the SAP HANA business suite is going to be carried over SAP S/4HANA,
in company with these operations, the different innovative workflow, better transactional
amounts, actual-time analytics over transactional information, outstanding suppleness when
differing reporting structure and also an actual time imitation of a condition related to
business are achievable. Therefore, these functions are covered in totally different user’s line
as well as an innovative context made for the alterations and extension. For coping up with
the new needs or provisions of a digital age, SAP S/4HANA would be increasing at
improving at the various speeds. The SAP is primarily making efforts in relation to hybrid

ESSAY 3
system for data administration, transactional processing over the conventional relational
database based on disk, reporting with the outmoded copy of information in-memory through
using the columnar stores by the SAP Business through the design. Apart from these different
outcomes, this is clear that in upcoming period, there should be the system wherever all the
information kept completely in a memory, with the help of single copy of information in the
columnar stores or the transactional processing are created tremendously easy.
In addition, SAP HANA is the in-memory, column-based, interpersonal database
administration system established as well as marketed through SAP. The main aim of the
database server is to stock as well as save information as requested through application
(Umar, et. al, 2018). Additionally, SAP FICO is known as financial accounting along with
controlling. It is very significant module of Enterprise resource planning. Therefore, financial
accounting along with controlling modules stores the information related to the financial
dealings. There is a difference between SAP HANA and SAP FICO. SAP HANA is normally
reporting tool in SAP and this is the practical module. On the other hand, SAP FICO is the
practical Module in which one can handle all the functions in relation to the accounts. This is
united with numerous modules such as SD, PP, and MM (Pattanayak, 2017). Moreover, a
major differentiator of SAP S/4HANA is its exclusive way, which is quite dissimilar from the
common interrelated database. It runs in-memory, with stored column-data, allowing for
earlier, near to real-time analytic and determines the abilities. Going away from clearly
recorded information, SAP/S4 HANA highlights on providing end user dynamic decision
support in a real period that is data-driven as well as regards outer information sources and
inner data sources. Most significantly, SAP S4/ HANA authorises the entities to work
without a flaw in a numeral economy. It has major driving elements for a business using SAP
ERP on the period, to extremely start observing the benefits of business of S4 HANA and

ESSAY 4
make decision in respect of whether they should adopt these innovative and efficient
Enterprise resource plans solutions (Shim and Shim, 2018).
Furthermore, SAP S/4HANA Simple finance has important part in the finance industry.
SAP is considered as best provider of the software related to business’s solutions to the best
work and data administration in the companies across the sectors. This is advantageous for a
company’s business. SAP S/4HANA Simple finance can recreate the finance industry. The
main motive is that this enables the company with wide data sharing, enhanced reporting and
the decisions creating analytics supported by faster dealings. Therefore, SAP is the main
component, which provides various financial benefits and advancements (Singh, 2017). The
SAP S/4HANA is considered as top or most excellent ERP system rendered by the SAP to a
marketplace. SAP provides the special product set in relation to the new client-facing
implementations like from Saas, hybris, Ariba field glass through successful elements,
harmonize and various projects with SAP HANA Vora, they may be implemented simply and
started rapidly. The SAP HANA cloud platform allows for simple performances of the
extension with the intention that the other product and specially made application may be
integrated efficiently. Afterwards, the new products render the transparent, competitive
benefit for comparatively low prices. SAP observed the theatrical advancements in SAP
S/4HANA project in a 3rd quarter, and it may be a humiliation if the absence of understanding
and excessively traditional angle hamper corporations, which can be the advantage a lot in a
present time of the big modifications, for making the transitions to SAP S/4HANA. SAP
S/4HANA is establishing to be very successful ERP framework of SAP. The involvement of
SAP with ERP solution dates back to 1979 while SAP R-2 was developed. In year 1992, the
SAP R-3 was developed. In this way, these advancements continued to take place as the
product has evolved from SAP Enterprise resource planning in 2004 to SAP S/4HANA in
2015. The establishment of the fourth generation SAP Enterprise resource planning solution

ESSAY 5
is appropriate, as this has agreed with different innovative techniques and the ideas that are
motivating the international functions related to business, like cloud service along with the
mobile calculating (Sledgianowski, Gomaa and Tan, 2017). Owing to numerous benefits as
discussed above, more and more companies are demanding and adopting innovative latest
S/4HANA by the day.
Besides, for the green field application companies are being affected to select between the
traditional SAP Enterprise resource planning (ERP) solution and innovative latest S/4HANA.
For the user operating SAP business suite, this is the pronouncement of whether to attach
with a position or transfer to the S/4HANA. Irrespective of a group to that the company
relates this is very important to take the decisions on the basis of aims and substantial
advantages related to the business. There are five major commercial advantages of S/4HANA
that must be considered while taking decision which ERP framework is relevant and
appropriate for the business (Wunderlich, et. al, 2018). The first is performance. S/4HANA
operates over the SAP HANA, SAP’s flagship in-memory determining database. It clearly
means that operating the SAP resolution like the S/4HANA obviously considers the benefit
of a speed of transactional dispensation as well as reporting inhabitant to SAP HANA. It
permits the company to have better performances as this belongs to difficult as well as period
driven functions related to business like the actual-time plan, implementation, coverage and
analytic on the basis of live information, and rapid period closing or the advanced projection.
This also permits the company to render a best service stage for customer-centred application.
The second key benefit is agility. The end user edge of SAP S/4HANA is totally driven by
the SAP Fiori. It creates the accessible version of the actual time business insight as well as
intelligence upon the mobile devices the creditable commercial benefit, everywhere and
anytime (Baumgartl, et. al, 2016).

ESSAY 6
The next key benefit is its simplicity. It takes the supreme simplicity to an administration as
well as regulation of the whole information technology countryside, and attached with a
cloud implementation prospective that this takes to the forefront, networking resources and
hardware have never so central. It also reduces the TCO (total cost of ownership). The
acceptance of S/4HANA is the cost effective choice while the company considers the facts
that the organisation is capable to assemble all logical as well as transactional abilities of the
various methods in the single resource of fact that drives sensitive as well as practical
business takings. In addition, S/4HANA also encourages the innovation. The SAP S/4HANA
is one of the products from SAP, which is driving cloud acceptance through the business. The
cloud proposes the stage for various software sellers to provide the new products, which puts
together and expands the ability of S/4HANA. At the time of taking the decision among
conventional SAP ERP solution may not be created calmly, there are no confusions that
S/4HANAstates the contribution from SAP, which is essential to doing trade in the difficult
and completely changing atmosphere of the today’s world (Dhoolia, et. al, 2017).
Kaar Technologies applied SAP S/4 HANA for replacing the best legacy system and for
rendering the digital core. The company faces many issues in this regard. It also enhanced the
manufacturing process, stocks administration, and reporting as well as easier access to HR
data. In this way, the clients were capable to get best business development and well-serviced
clients in a digital economy. Further, the biggest HANA beneficiary at consumer product
manufacturer Unilever was the finance functional sector. With help of HANA Accelerators,
Unilever was capable to cut final close through fifty per cent study (Mohapatra, Padhi and
Mohanty, 2015). Moreover, the good thing is that SAP HANA at Unilever made able the live
discussion with the operations to actually examine the new scenes related to business, new
business procedures, and to drive in the innovative territory. As well the acceleration, the

ESSAY 7
experiences of user advanced suggestively. The company is looking for different users for
additional HANA-empowered resolutions (Schfer and Melich, 2016).
Additionally, there would always be the challenges and difficulties, which have to be handled
with and tackled; further this is all about having correct persons. These types of project would
render consulting entities such as Accenture takes plenty different projects. On a daily basis,
the corporations have just about 2 billion clients buying one of the numerous products. This
company is very happy to hear in respect of the launch. The reason is that this is SAP
initiating to re-architect SAP application to get more advantages related to speed as well as
the abilities of HANA. Additionally, the company will observe the diminution in the
mainstay footprints of SAP related to the Simple Finance, logistic and simple supply chain
coming quickly subsequent to this. In this way, it can say that the core of SAP is considering
as appropriate cut down, and with the period it can also be seen that the business suite being
distorted to operate over the HANA system (Uhl and Gollenia, 2016). In this way, this is not
only decreasing the complexities, but also encouraging the complete new layers of abilities. It
can also say the cloud would has the main part in an upcoming period, and Unilever has
already initiated moving certain marketing, human resources and core functions towards the
cloud environment of SAP. There are always difficulties and issues with the information
technology system. There would always be problems, which have to be tackled and regulated.
It’s actually about having competent people that understand the systems and what needs to be
done, who may assess what the problem is, and retort as well as responds hastily to make
solutions of these difficulties (Roso, Fatimah and Rifa'i, 2017).
In addition, a requirement for capability appears like the no-brainer, however what about
broad question on the relocation of information and the pain of shifting to the complete new
generations of software application? At the time of considering this, especially in relation to
the great number of clients, which are operating on Oracle database, SAP spoke persons

ESSAY 8
appear to avoid the questions (Thite, et. al, 2016). In order to use these abilities of HANA, it
is very essential to execute the database relocation; however this is also right for other
techniques. Conducting this would permit them to use the present investments in SAP,
relocate on to HANA, and then they have the abilities of considering all the information
sitting in the memory (O’leary, 2016).
In conclusion, it is clear that by using SAP Simple Finance, company will be able to make
projections, planning as well as budgets as the continuous procedure. By the utilisation of
analytical assessment, one may project the impacts of the decision related to business on the
financial report of a company. For various companies, the decisions to apply S/4HANA were
the main aspect of the complete procedure reviews, without delaying to eliminate data silos
as well as incompetent procedures related to business. In place of having to current abilities
SAP is providing with the software, like artificial intelligence-known pricing optimization
and provide re-architect components related to business on the traditional technologies; the
clients were capable to get benefits of the chain logistic optimization. In the addition, it
makes sure by the mobile or application development abilities that user has the tools they
want when and wherever they require them. In this way, it can say that getting the higher
return on investment was not a main aim for most companies transferring to S/4HANA. To a
certain extent, modernizing the functions and eliminating expensive, incoherent old system
was a key motive for the clients (Le and Lehmann, 2016).
Therefore, it is clear from the analysis that the clients are utilising the platform to make able
the companies to develop as well as modification as the business requirements modifications.
It is forecasted by clients that S/4HANA would be capable to provide the benefits afar the
predictable upcoming period on the basis of suppleness of a stand and the technology SAP is
providing over this (Al-Sabri, Al-Mashari and Chikh, 2018). In place of having the wider
forms of the business related matters that may result into applying the S/4HANA, client’s

ESSAY 9
required enhanced centralization and improved effectiveness of the various different
procedures (Mauro, 2018). The different abilities being provided through SAP software were
the dynamic inspiration for various clients, who were searching for the improved mobility,
enhanced information storage or administration, and enhanced planning as well as procedure
optimization. It is also concluded that the clients were positioning the companies for the
upcoming development by organizing S/4HANA with anticipation that the products would
supply continual value in future. This is enthralling to search the local variation in the
adoption’s speed, as this is only the description of SAP R/3 context that is made for the small
organisations. However, with the introduction of SAP S/4HANA, the smaller as well as
bigger corporations would get the various advantages, as they can be capable to drop the vast
preponderance of the alterations or reduces the total cost of ownership and also have various
innovative users, who are going to get various benefits related to business. Therefore, the
application of SAP S/4HANA is the difficult procedure. It is very essential to get proper
knowledge, understanding as well as the training over the matters related to this software to
get more and more advantages. This takes time for the professional to get proficiency to
handle SAP S/4HANA. The training of this software is very useful to get skills in
programmes and software, which operate them along with module of SAP. It makes the solid
technological support for the company. The professional may become SAP Network
specialist, such as SAP FI/CO course for financing control as well as accounting control, SAP
Security consultants and SAP Database Administrator. On the other hand, the administration
professionals may select the SAP business intelligence, SAP client relationship
administration, sale as well as marketing of this software, and SAP business data warehouses.

ESSAY 10
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ESSAY 11
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