SAP S/4HANA Finance, which was before called SAP Simple Finance, is the primary business application developed for the S/4HANA platform. It is designed to remove traditional barriers between transactional, analytics, and planning systems to provide instant insights and on-the-fly analysis using all levels of financial data. A business system producer, for example, can use SAP S/4HANA Finance to compose data and create estimates of potential choices using real-time financial data from different systems.
SAP S/4HANA Finance is aimed at financial experts and specialists in all industries, including Chief Financial Officers (CFOs) and others engaged in accounting and tax, treasury, financial operations, risk, and agreement. The user base changes from small companies to Fortune 100 enterprises and includes companies around the world.
financial data from different systems.
SAP S/4HANA Finance is aimed at financial professionals and specialists in all industries, including Chief Financial Officers (CFOs) and others involved in accounting and tax, treasury, financial operations, risk, and compliance. The user base changes from small companies to Fortune 100 enterprises and includes companies around the world.
The main advantage SAP S/4HANA Finance has is processing speed combined with integrated features for the various financial functions, such as financial accounting and management accounting. Because of this, SAP S/4HANA Finance allows for a much faster reconciliation of financial processes such as the quarterly close, and provides a single source of financial truth for the organization as a whole, according to SAP.
Another key advantage is the ability to use real-time data with analytics to model and predict the impact of changes that a company may want to make, such as acquisitions. This can present financial experts, including CFOs, to play a more leading position in corporate arrangements.
SAP S/4HANA Finance can be offered on-premises, in the cloud, or in hybrid environments. SAP S/4HANA Finance applications can be executed as standalone products or bundled together.
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