0. demo simple finance

7/25/2019 0. Demo Simple Finance

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SAP Simple Finance (1511)

training

All rights reservedNitin G.

Duration – 01 HR



Agenda Trainer’s Introduction

Candidates’ Introduction

Name & Location

Background & experience

Expectations from Session

Objective of Session

Contents developed by Nitin G.2

Training Contents – High level Simple Finance

What is SFIN?

Highlights

Universal Journal Benefits

Projects & Opportunities

Q&A



About Me: Nitin G.

SAP Solution Architect with Expertise in FICO for 10 years

Extensive Experience in other modules like PS, Asset

Accounting, CO-PA, CO-PC, Travel Management, Ariba, SD, MM,HR and Interfaces

Worked on multiple Global implementations, Solution design,upgrades and training assignments (online & classroom)

SFIN knowledge Attended EKT Sessions by SAP

Attended SFIN Training and SAP boot camps

Completed SFIN SAP Press book and migration approach by SAP

Part of Consulting team for SFIN Implementation for a SwizzCompany which is recently gone live on SFIN

Already implemented and completed migration for New AssetAccounting which is component of EHP7 and is part of SFIN



Candidates’ Introduction Name & Location

Background & experience

Expectations from Session




Objectives of Session To Provide overview of Simple Finance and to make you

understand what is changing

What is coming up in Global SAP market? Moving from FICO to Simple Finance

What can be expected by companies in terms of


expertise y companies Scope of SFIN

SAP Customer base and inclination towards SFIN

Q&A



Course Highlight• Overview of SAP HANA

• Overview of the SAP Simple Finance add on

• The Universal Journal

• Migration to the SAP Simple Finance add on

• The New Asset Accountin


• Analysis of Results of the migration

• 1511 Update and planned roadmap

• Cash Management



Simple Finance

Initial name - “Smart Financials”

Then renamed to - “Simple Finance 2.0”

Now its S4 HANA for Finance Enhanced version of ERP system where structure of the

system is changed and the calculations of totals are on


.

Available on cloud and on premise

Massive changes delivered in the initial phases

Universal Journal and ACDOCA table is the key to

change Lot of tables and t-codes are scrapped/changed

COPA is simplified



Highlights of Simple Finance Revamped Asset Accounting: Simplifies the concept of depreciation

areas, parallel valuation in asset accounting and facilitates parallelreporting by means of ledger approach as well as accounts approach

New GL mandatory: Classic GL no longer supported in Simple Finance.One has to be on New GL. (Need not be full-fledged New GL. Liteversion of New GL would suffice)

Concept of Data Archiving replaced with Data Aging (Hot / ColdPartitions of the Database)


ran new as anagemen o u on, powere y

New Asset Accounting is mandatory. Classic AA no longer possible inthe new offering

On-the fly summarization reports (from line items)

Good amount of overhaul in the Key SAP tables.

Option to split COGS in the FI-GL as per the Cost Component Split,etc

Simple Finance Add-on 2.0 will unleash some new changes. MaterialLedger is covered in the add-on 2.0 and it is expected to change the wayGL / Cost Element master is looked at.



Universal Journal

The universal journal entry is the unified data storage for bothfinancial accounting (FI) and management accounting (orcontrolling (CO)) It contains all of the relevant accounting data,

details about, for example, customers, vendors, assets, products,and regions. This means all of the accounting data is alwaysavailable at the same time for analysis in each report that isbased on the universal journal entry. In addition, you can enhance


.

Financial accounting and controlling are continually beingreconciled. As a result, you can carry out month-end closingmore quickly. All accounts, even the secondary cost elements

required for controlling - are portrayed uniformly as G/Laccounts. A journal entry is similarly created for internal clearing,such as cost center assessments and distributions.



Benefits

Where does SAP Simple Finance come in, and what makes itsimpler? SAP Simple Finance provides the following advantages:

Simpler user experience that provides instant access to any

financial insight on any device Simpler process execution for real-time financials that are always

reconciled

Simpler decision making using prediction and simulation, always


on e y

Simpler solution architecture without aggregates and dataredundancies

Simpler IT strategy, with cloud, on-premise, or hybrid deploymentoptions

Simpler pricing with pricing bundles, including subscription-basedpricing for the cloud Simpler business justification of a real-timeview of the state of the business across all entities and continuoussoft close



Projects & Opportunities

Lot of Projects coming up in market

European market already started implementations

Americas moving on towards the same

Launched in Gulf market by SAP

Asia Pacific ro ects also kicked off


Consulting companies involved in POC for customers



hank You


0. demo simple finance

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