Welcome to Vintage IT Solutions, SAP S/4 HANA Simple Finance is one of the important modules to manage SAP Finance and Accounting powered by SAP HANA. It is utilized to perform financial operations and accounting in real time and reporting using BI tools. SAP Simple Finance helps to analyze the financial conditions of an association in the market.

SAP Simple Finance contains New General Ledger Accounting, Controlling and New Asset Accounting. If you need to perform and utilize SAP Simple Finance you require migrating the current user data from the General Ledger, Asset Accounting, and Controlling.

You can also migrate to the advanced version of SAP S/4 Simple Finance Add-On when you are operating on a system – new General Ledger, classic General Ledger, or Simple Finance 1.0. New SAP Simple Finance clients can take over their heritage information utilizing classic migration tools.

When you migrate to SAP Simple Finance, it is quick and simple. The term is very short and you can perform at any period end. You don’t require a new General Ledger migration service to migrate to SAP Simple Finance. Variations in coding blocks, external interfaces, security, reporting and so on are optional.

If you migrate to Simple Finance on HANA from a classic General Ledger setup, it does not support the following situations

• Asset reports at the Profit Center Level

• Implementation of document splitting

• New Implementation of parallel accounting and segment reporting

• Change and Conversion of Table of Accounts

When you start migration to SAP Simple Finance, the following factors could affect the project duration

• One of the important factors that should be considered during migration is quality and the size of data to be migrated.

• Experience Level of Project Members and Consultants associated with the migration project availability and setup of the Test system

• Delta migration situation to advance downtime


SAP Simple Finance Migration Steps

In a migration to SAP Simple Finance, you have to perform the following key steps are

Step 1 − System Preparation Phase

The first step is System Preparation Phase In this step, where you perform pre-check, data cleanup, the flexibility of information, finishing tasks, and reporting.

Step 2 − Installation of SAP Simple Finance and Another component

The second step of migration is the installation of SAP Simple Finance and another component, installing up HANA Live and SAP Fiori implementation to give better pipe-based UX.

Step 3 − Customizing for Migration

Perform customizing for General Ledger, Asset Accounting, and Controlling.

Step 4 − Data Migration

Perform data migration to move data from the legacy system to SAP S/4 HANA system.

Step 5 − Post Migration Activities

Once the migration is performed, you need to perform the cold store and add further information to documents.

Step 6 − Data Checks

The last step is to perform the checks on migrated data, report validation, and test the processes.

About SAPVITS

SAPVITS is an award-winning SAP Education Partner in India & overseas. We have an experience in SAP online Training & SAP Consulting for more than 9 years. Our services include online training, corporate training, offshore support, and 24/7 SAP server access facility. Apart from this we also provide training material, training videos to the course attendees. If you feel that you could profit from this training then make a visit to SAP training online training courses in India, UK, USA, UAE, Australia and Singapore at SAPVITS.