SAP S/4 HANA Finance is a holistic set of financial accounting and management solutions, spanning financial analysis and planning and enterprise risk and compliance management. Even though the complete financial management portfolio is covered by SAP S/4 HANA Finance, there are considerably enhanced or brand new innovations accessible in each finance area. Given below are few of the most important ones:

1.Financial Planning and Analysis (FP&A)

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-memory
• Organizations can spend the whole financial planning life-cycle which involves updates, development and even reporting
• Users can easily create simulations of an ad hoc nature relating to organizational changes or regarding new business models in the ERP system directly

2.Accounting and Financial Close

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 time
• One will be able to run real-time reporting with full drill-down according to any dimension
• Using a single, unified data model for simplification of processes is made possible with enhanced productivity, and minimization of risk

3.Treasury and Financial Risk Management

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 analyses
• Also possible would be integration of business planning, comprising of liquidity planning life-cycles
• One can also gain from a holistic central bank account management

4.Collaborative Finance Operations

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 behavior in real-time can be handled
• Proactive decisions can be made with exception-based receivables management
• One can find a customer’s top line contribution with analysis that is highly simplified

5.Enterprise Risk and Compliance

In addition, SAP Fraud Management provides insights needed to detect, investigate, and deter fraud. The software utilizes advanced and complex rules and algorithms on Big Data to recognize and forecast fraudulent behavior, generate alerts, and stop fraudulent transactions. Given below are the summarized benefits of this feature of Simple Finance:
• This tool enables the processing of high volumes of data to enable real-time fraud detection at the transaction level
• Centralization of fraud management is made possible in order to optimize investigation and monitoring

About SAPVITS

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