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SAP S/4HANA Simple Finance is an updated version of SAP Simple Finance which includes many features such as a universal journal, real-time analytics, and streamlined design.Here I would like to mention some important benefits of SAP S/4 HANA Finance to reduce the pressure by streamlining processes and providing decision support.1) Universal journal: This tool combines the features and data from Financial Accounting and Managerial Accounting (old SAP ECC components) to speed up period-end reconciliation and closing. All while using real-time data.2) Streamlined reporting: The S/4HANA database table holds all required financial information and uses the power of in-memory computing to generate detailed, real-time reports.3) Accelerated financial close: S/4HANA radically redefines the process of preparing monthly, quarterly, biannual or annual financial closes. S/4HANA Finance Cloud provides almost instant visibility on P&L, therefore augmenting your ability to make decisions based on analysis of real-time trends and numbers.4) Integrated business planning. Access through a Microsoft Excel-based interface streamlines the financial planning process. Automating the transfer of financial data (e.g., cost center, profit centre, internal order and P&L planning) into S/4HANA Finance Cloud simplifies and quickens the process.5) New asset accounting: The new asset accounting functionality included in the Finance Cloud platform is also a major step forward. You can now manage parallel valuation of assets via ledgers and accounts.6) Cash management: The innovative cash management feature in S/4HANA Finance Cloud can manage bank accounts, short-term cash position, liquidity forecasting, and provide liquidity planning.7) Financial reporting: The new financial reports are one of the most appreciated features of this platform. They are lightning fast and provide access to a comprehensive suite of analytical tools.Learn more about the benefits of SAP S/4 HANA FINANCEEnterprises will be able to enhance control and compliance, minimize closing workloads, costs, and even close the books faster using SAP S/4HANA Finance processes for accounting and financial close. Users will be able to leverage line item postings for each individual asset, enabling detailed reporting, which makes SAP S/4HANA Simple Finance successful.

Universal journal. This tool combines the features and data from Financial Accounting and Managerial Accounting (old SAP ECC components) to speed up period-end reconciliation and closing. All while using real-time data.Streamlined reporting. The S/4HANA database table holds all required financial information and uses the power of in-memory computing to generate detailed, real-time reports. This feature also eliminates the need for batch jobs and data replication in other systems, such as business intelligence.Accelerated financial close. S/4HANA radically redefines the process of preparing monthly, quarterly, biannual or annual financial closes. S/4HANA Finance Cloud provides almost instant visibility on P&L, therefore augmenting your ability to make decisions based on analysis of real-time trends and numbers.Integrated business planning. Access through a Microsoft Excel-based interface streamlines the financial planning process. Automating the transfer of financial data (e.g., cost center, profit center, internal order and P&L planning) into S/4HANA Finance Cloud simplifies and quickens the process. It also makes real-time reporting and analysis a reality.New asset accounting. The new asset accounting functionality included in the Finance Cloud platform is also a major step forward. You can now manage parallel valuation of assets via ledgers and accounts. So the days of recording depreciation areas are over. And again, it’s all done in real-time across all valuations.Cash management. The innovative cash management feature in S/4HANA Finance Cloud can manage bank accounts, short-term cash position, liquidity forecasting, and provide liquidity planning. All using real-time data. The platform provides finance with a toolset that allows you to fine-tune cash management and maximize working capital.Financial reporting. The new financial reports are one of the most appreciated features of this platform. They are lightning fast and provide access to a comprehensive suite of analytical tools. To quote Jawad, “This feature replaces many of SAP’s traditional drill-down reports that are not only notoriously slow, but also do not dive deep enough to provide in-depth analytics on significant financial key performance indicators.”All you should know about SAP S/4HANA Simple Finance

Financial Planning and Analysis (FP&A)Using SAP S/4HANA Finance processes for Financial Planning and Analysis one can speed up planning cycles, boost profitability and up the efficiency of finance functions.Planners can access real-time master data along with accruals in SAP ERP without data replication issues. This is made possible by the optimization of SAP BusinessObjects Planning and Consolidation (SAP BPC) version for SAP NetWeaver for SAP S/4HANA Finance.A common financial planning model will enable users to run end-to-end simulations along with accelerated planning cycles. Given below are the summarized benefits of this feature of Simple Finance:Users will be able to embed end-to-end planning processes and utilize real-time operational data in order to remove the possibilities of redundancy and time-lags.Financial analysis can be run on-the-fly at desired levels of granularity utilizing an individual table in-memoryOrganizations can spend the whole financial planning lifecycle which involves updates, development and even reportingUsers can easily create simulations of an ad hoc nature relating to organizational changes or regarding new business models in the ERP system directlyAccounting and Financial CloseEnterprises will be able to enhance control and compliance, minimize closing workloads, costs, and even close the books faster using SAP S/4HANA Finance processes for accounting and financial close.SAP Accounting integrates management and financial accounting along with profitability data into a single universal journal. And also eliminates indices, totals and other pre-defined aggregates and depends on line items as a singular source of truth.The universal journal architecture comes integrated with Fixed Asset Accounting for SAP S/4HANA meaning redundancy of data is eliminated. Several parallel documents for every valuation are posted in real time to make sure values are correct right from the start. Given below are the summarized benefits of this feature of Simple Finance:Users will be able to execute closing tasks and inter-period processes in real timeOne will be able to run real-time reporting with full drill-down according to any dimensionUsing a single, unified data model for simplification of processes is made possible with enhanced productivity, and minimization of riskEasy execution of depreciation runs along with simplification of processing logic and data structures is also made a realityUsers will be able to leverage line item postings for each individual asset, enabling detailed reportingRegister Now for live webinar on SAP S/4HANA Simple FinanceTreasury and Financial Risk ManagementUsing this functionality one can accurately predict cash flow, mitigate risk and manage liquidity. Integration of cash flows, commodity positions, market data and transactions is also made possible here, along with the optimization of straight-through processing including full-view and even real-time analysis, compliance reporting and audit trails.Global cash positions in real time are offered by SAP Cash Management, even when heterogeneous backend systems are present. Brand New Capabilities offer highly detailed analysis of predicted cash flows, so that one can bring about higher levels of consistency to cash needs, cash balances and liquidity strategies. Given below are the summarized benefits of this feature of Simple Finance:User can benefit greatly from integration of cash flow analysesAlso possible would be integration of business planning, comprising of liquidity planning lifecyclesOne can also gain from a holistic central bank account managementReal-time visibility of bank balances and currency exposuresEnhanced executive engagement is enabled with an intuitive and modern user interfaceCollaborative Finance OperationsUsers can respond to fluctuating market dynamics at higher speeds than previously thought possible. Automation of receivables and payables processing, revolutionising shared services delivery, and streamlining travel management can all be done while minimizing costs.Working capital and financial health are enhanced through SAP Receivables Management by utilizing real-time receivables data to evaluate customer credit risk, streamline billing, settle disputes and prioritize customer collections to minimize day sales outstanding. Given below are the summarized benefits of this feature of Simple Finance:Monitoring of customer payment behaviour in real-time can be handledProactive decisions can be made with exception-based receivables managementOne can find a customer’s top line contribution with analysis that is highly simplifiedEnhanced reconciliation and analysis is possible with intuitive search functions and high degrees of usabilityOrganizations can benefit from highly relevant and real-time data to transform customer interactionsGet More Free Videos - Subscribe ➜ https://goo.gl/5ZqDML