Category: SAP Training
S/4 HANA Finance (Simple Finance)
It is a financial application in the SAP S/4 HANA ERP platform having a set of connected financial management functions which give real-time data from the ERP applications. SAP S/4 HANA is an important part of S/4 HANA that is made on the SAP HANA IN-Memory Database platform. It integrates cross organizational functions to one single system and combines processes of the transactions for real- time applications. SAP Fiori is used by SAP S/4 HANA at the front end for achieving the consumer like experience which is also like a personalized experience.
This SAP Training was previously used as a name called SAP Simple Finance and it was the first business app developed for S/4 HANA platform. The primary motive of its designing was to remove the traditional barriers between analytics, transaction, and planning systems for providing a high level to use all the financial data.
The major advantage of SAP S/4 HANA finance to increase the processing speed and combination with integrated features for different various finance functions. These functions can be accounting and management accounting. It allows faster reconcillation of financial processes like quarterly close and offers a single source of financial data for the organization. Additionally, it has the ability to use the real-time data with the analytics of model and tell the impact of changes that the user want to do. SAP S/4 HANA Finance can easily be integrated and implemented on premises or in the hybrid environments.