sap s4/finance start your journey to s4...reconciliation new accrual management new group reporting...
TRANSCRIPT
SAP S4/Finance – Start your journey to S423NOV18
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Vision of Finance TransformationFrom daily routine to supporting growth and new business models
Today Future
Runnin
g b
usin
ess
Support
gro
wth
& s
trate
gy
Employee roles will change
▪ Big-data analysts
▪ Market observes & analysts
▪ New business modelers
▪ Simulation & Prediction experts
▪ Business strategy experts
▪ Line of business experts/partners
Automation
Analytics
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SAP S/4HANA Finance supports Your Digital TransformationEnd-to-end innovation of all your processes across your entire value-chain
▪ Better decisions with
instant, real-time insight
▪ Increased performance through end-
to-end reinvented processes
▪ Higher productivity with
SAP Fiori user experience
▪ Lower TCO with
simplified architecture and cloud
deployment
Digital Core
SAP Cloud PlatformSAP HANA
Business
Transactions
Intelligent
Insights
Workforce
Engagement
Spend
Management
IoT
& Supply Chain
Customer
ExperienceINDUSTRY
MACHINE LEARNING
BLOCKCHAIN SECURITY
APIs
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A comprehensive Portfolio for the CFOCovering All Business Areas Across All Roles
Finance and Risk Chief Financial Officer
Vice President,
Finance
Head, Corporate
Reporting
Head, Finance
Operations
Head, Corporate
Treasury
Risk, Compliance & Audit Officer
CISO, CIO
Financial Planning
& Analysis
Accounting
& Financial Close
Finance
Operations
Treasury
Management
Enterprise Risk
& Compliance
Cybersecurity
& Data Protection
Planning, Budgeting,
and ForecastingFinancial Accounting Record to Report
Payments and Bank
Communications
Enterprise Risk
Management
Access Governance and
Identity Management
Profitability and Cost
ManagementEntity Close Order to Cash
Cash and Liquidity
Management
Controls and Compliance
ManagementSingle Sign-on
Management Reporting Corporate Close Procure to PayDebt and Investment
Management
Automated Monitoring and
ScreeningAccess Monitoring
Financial Reporting Indirect Tax ManagementFinancial Risk
Management
Policy Lifecycle
ManagementData Loss Prevention
Direct Tax Management Real Estate ManagementRisk Management for
CommoditiesAudit Management
Financial Close
Governance
Travel and Expense
ManagementTreasury Governance
International Trade
Management
Financial Shared Service
Management
Financial Process
Governance
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S/4HANA Breakthrough InnovationThe power of a single source of truth
Single data platform
Universal Journal
Instant insight
Process automationSin
gle
sourc
e
of tr
uth
Planning, Simulation
& Forecasting
New analytical UIs
On t
he f
ly a
gg
regation
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Intelligent Financial ProcessesWhat’s new in S/4HANA 1809
Real-time margin analysis
Enhanced
Predictive accounting
New
Transfer pricing
Enhanced
Integrated financial planning
Integrated
Universal allocation
New
Embedded analytics
Enhanced
Financial Planning & Analysis
Advanced financial close
New
Good and invoice receipt reconciliation
New
Accrual management
New
Group reporting
New
Accounting Financial Close
Amount field extension
New
SAP Cloud Platform
Enhanced
Platform
Treasury Management
Enhanced
Treasury Management
Self-service tax
New
Advanced compliance reporting
Enhanced
Revenue accounting and reporting
Integrated
Process controls
Enhanced
Compliance
& Risk
Central Finance
Enhanced
Central Finance
Topic video available *
* For details: see the end of this presentation
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Consumer-grade User Experience Compelling user interface – easy-to-use from macro to detailed view
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Consumer-grade User Experience Benefit from higher user productivity
Color coding to alert user to any
overdue, new, or immediate
actions
Dynamic charts to
provide high-level,
real-time overview
SAP Jam social software platform
integrated to provide instant
feedback on notifications and
group activity
Search across and within apps to get
immediate answers
News and feeds to
enhance collaboration
Role-based with one
common role definition
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Digital BoardroomSimplified boardroom processes for total transparency and instant data-driven Insight
Total
transparency
Simplified
boardroom processes
Instant
data-driven insights
▪ Real-time view of complete company
situation
▪ Comprehensive view on key figures
across divisions
▪ One view of strategic objectives and
related risks, controls, and issues
▪ Instantly access accurate information
to address ad hoc questions
▪ Improve decision making with
analysis of alternatives and
implications
▪ Reduced preparation time and
offline discussion topics
▪ Focused collaboration to leverage
expert knowledge
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Flexible and Non-disruptive Paths to SAP S/4HANA FinanceS/4Finance = Central Finance. Functionally they are the same…the difference is the deployment approach…
Cloud
Hybrid
On premise
Flexible deployment options
ERP system - A
ERP system - B
ERP system - C
Flexible and nondisruptive paths to SAP S/4HANA Finance
New implementation
Central finance
System migration
SAP S/4HANA Finance
central Instance
Migrated to SAP S/4HANA
Finance
instant data
replication
Former SAP ERP system
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Central Finance – the Sidecar Approach to InnovationAccelerate your transformation with instant data replication
Local process Centralized process
Central Finance
THE central S/4HANA instance
Instant data replication
▪ Logistics and sales
▪ Inventory processing
▪ Procurement GR/IR
▪ Plant level / local close
▪ Local regulatory reporting
▪ Advanced business segment, entity
and group reporting
▪ Group wide BS and P&L in real-time
▪ Intercompany reconciliation
▪ Central cash position / liquidity
forecast (AP/AR based)
▪ In-house / Cash Management
▪ Central credit, collection, and dispute
management
▪ Central AP/AR payment processing
▪ Central Financial Planning
▪ Real-time Consolidation
▪ Lease Accounting / Real Estate Management
▪ Central Indirect Procurement (Ariba)
▪ Central travel expense management(Concur)
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The Iterative Approach to a New System of RecordHow Central Finance helps you adopt finance innovation at your own speed
Heterogeneous
Landscape
Central Finance
Deployment
Iterative
Process Migration
▪ Migrate processes step by step
▪ Reduce number of systems over time
▪ Central Finance instantly enables real-time
reporting, harmonization, planning and
consolidation.
▪ Central Finance is the platform for a
multi-ERP enterprise
▪ It helps you to adopt finance innovation
cross system and enterprise-wide
S/4HANA
Central
Finance
Central
Finance
S/4HANA
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Central Finance Video (2min)
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Secure Your Digital TransformationEmbed governance, risk and compliance in SAP S/4HANA
Access
Governance
Three Lines of
Defense
Cybersecurity and
Data Protection
▪ Manage digital rights to protect applications and data
▪ Enhance threat monitoring and analysis
International
Trade
Finance
▪ Manage users and identities
▪ Enable single sign-on
▪ Automate continuous controls monitoring
▪ Detect anomalies and potential fraud
▪ Provide one view of risk
▪ Screen related parties and manage trade compliance
▪ Leverage free trade agreements and optimize duty
rates
Embed
GRC
Questions?
Contact information:
Les Smith
Solution Lead
Centre of Excellence
SAP Australia and New Zealand
0407635724
Thank you.
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In addition to the normal parallel ledgers which were introduced with the New GL, there are now
Extension Ledgers (original called appendix ledgers). The difference is that with an additional
parallel ledger, postings are physically made to both the leading ledger and the parallel ledger, with
only adjustments made to the parallel ledger, whereas extension ledgers have to be linked to a
base ledger and only take delta postings. Therefore, when you run a report for the extension ledger
it pulls in both the base ledger and the extension ledger to show you the complete picture. The
extension ledgers however cannot be used in asset accounting.
Finance Differences in S/4HANA - Ledgers and Currencies
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HANA has the power to calculate on the fly, which means that for financial transactions, index
tables such as BSIS, BSAS, BSID, BSAD, BSIK, BSAK, BSIM, FAGLBSIS and FAGLBSAS, as well
as aggregate tables such as GLT0, GLT3, FAGLFLEXT, KNC1, LFC1, KNC3, LFC3, COSS, COSP
are no longer required and have been removed. FAGLFLEXA and some other New GL tables are
now obsolete and there are also new customizing tables.
However, if you have your own ABAP reports using these tables, don’t worry as there are
now Compatibility views with the same name, which recalculate the same values as the tables
would have had, allowing any bespoke programs reading the information to continue to function.
There are new tools which you can run prior to migration, which allow you to check which of your
bespoke programs are read only and will continue to function and which need rewriting. In any case
you may find that some of your bespoke programs are no longer required because that functionality
is now available as standard, or that it will be more efficient to rewrite them using the new tables
anyway.
Finance Differences in S/4HANA – Data Structure
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This is the name of the enhanced financial document in S/4HANA. A Universal Journal is created
whenever anything is posted to Finance from any module and each journal can be displayed as
before using the display document transaction FB03. Many of the journal entry, invoice entry and
other posting transactions are still available in the SAP GUI, so you can still for example use FB50
or FB50L (by ledger) to post a journal, although the Fiori equivalents are more user-friendly. The
Universal Journal is the Single Source of Truth for finance, Controlling and COPA, and includes all
the cost objects traditionally found in Controlling such as cost centers, internal orders and WBS
elements as well as columns for the standard CO-PA characteristics and up to fifty additional
characteristics. See also the next section on merging Finance and Controlling. New reports are
available, mainly in Fiori, but the old Controlling reports continue to work (using compatibility
views), including those for planning
Finance Differences in S/4HANA – Universal Journal
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is the name of the Finance module’s important new S/4HANA table, which is based on the
Universal Journal line items, containing all of the financial fields, as well as a lot of information from
other modules. The figure below shows an extract of the ACDOCA table showing some of the asset
and material ledger fields available.
Finance Differences in S/4HANA - ACDOCA
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We are using classical GL and classical asset accounting in ECC and we want to Migrate from
existing ECC system to S/4 HANA Finance.
We are using classical GL and classical asset accounting in ECC and we want to Migrate from
existing ECC system to S/4 HANA Finance.
Generally a question arise that I am migrating to New GL with S/4 HANA Finance then why should I
run a seperate project. Here is the answer to this question.
Finance Differences in S/4HANA – Classic GL
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In S/4 HANA Finance new asset accounting is a must to use and for new asset accounting it is a
must to use New G/L. So how can we handle new GL in S/4 HANA Finance without proper
migration from classical GL to New GL while migrating from ECC using classical GL to S/4 HANA
Finance.
SAP has given 2 option for this scenario
1. Migrate from classical GL to New GL.
2. Migration to new General Ledger Accounting as part of the migration to the S/4 HANA Finance.
So what is difference in both?
Finance Differences in S/4HANA – Classic GL?
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Migration from classical GL to New GL: This migration should be done as separate project and
should be executed before migration to S/4 HANA Finance. With this migration new functionality get
introduced like:
• Document Splitting
• Balance Sheets at the Profit Center Level
• Parallel Accounting
• Segment Reporting
• Ledger Approach for Parallel Accounting
• Custom field
Finance Differences in S/4HANA – Migrate from classical GL to New GL.
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Migration to new General Ledger Accounting as part of the migration to the S/4 HANA Finance.For sake of migration to S/4 HANA Finance we activate New GL and this provide us minimal functionality of New GL. Migration to new General Ledger Accounting as part of the migration to the S/4 HANA Finance does not support major functionalities likes
• Document Splitting
• Balance Sheets at the Profit Center Level
• Migration from Special Purpose Ledger to New General Ledger Accounting
• Parallel Accounting
• Segment Reporting
• Ledger Approach for Parallel Accounting
• Custom field
Finance Differences in S/4HANA – Migration to new General Ledger Accounting
as part of the migration to the S/4 HANA Finance.