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1.4 Introducing SAP S 4 HANA Simple Finance

The correct set of finance processes empowers individuals and
organizations to work together more proficiently and to utilize fact
based, instant insights to stay ahead of the competition. Holistic finance
and operational processes enable officials to keep up regulatory
compliance, manage risk, utilize tools and data to plan and execute the
technique, and budget and estimate precisely. These procedures
additionally help stakeholders report consistently and rapidly on
consolidated financial results and manage administrative exposures.

Where does SAP Simple Finance come in, and what makes it more
straightforward? SAP Simple Finance Online training provides the
following advantages:

Simpler client experience that gives instant access to any financial

insight on any device
Simpler process execution for constant financials that are always
reconciled
Simpler decision making using prediction and simulation,
dependable on the fly
Simpler solution architecture without totals and data redundancies
Simpler IT methodology, with cloud, on premise, or hybrid
deployment options
Simpler pricing with pricing packs, including subscription based
estimating for the cloud
Simpler business avocation of real-time view of the condition of
the business over all elements and consistent soft close

As shown in Figure 1.2, the functional scope of SAP Simple Finance is

best portrayed through five end-to-end processes that are focused at
specific roles in the finance organization. Obviously, the CFO directs all
procedures:

Financial design and investigation (VP of finance and

controller)
Managing performance is not a one-time event. It is an iterative,
continuous process, driven starting from the top and over the whole
execution lifecycle: from developing, planning, and executing strategy,

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through observing and analyzing operations, to modeling and optimizing

processes for better execution results. The larger objective is to enhance
the financial related strength of the organization consistently. As
business conditions change with expanding speed, organizations should
rapidly and effectively adapt spending plans, arrangements, and
resources to relieve risks and exploit open doors as they show up.
Prescient analytics helps organizations arrange better by surveying
different conceivable scenarios and running what-if simulations.
Simulations set up alternatives to augment benefit in differing market
sections over any measurement of business, including clients, items,
geographies, and business units.

Accounting and cash financial close (head of

business reporting)
The capacity to close books rapidlywith accuracy and in full
compliance with worldwide administrative standards is a basic
management challenge. Failure to close proficiently can adversely affect
a companys image. Streamlining the financial close process not just gets
crucial decision-making to stakeholders faster additionally arranges for
their opportunity to pursue activities that include more noteworthy
esteem, for example, financial and operational analysis. To accomplish
superior financial close execution, best-run organizations standardize
the closing cycle into a progression of repeatable steps that take after a
profoundly automated schedule. Utilizing communication, collaboration,
and automation tools, employees involved in the closing procedure
perform their work easily and with fewer errors. The general result is a

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faster, not so much costly and more transparent financial closefrom

the entity close the corporate close. Plus, exposures and filings with
different administrative organizations take after with equivalent
effectiveness.

Treasury and financial threat management

(treasurer)
In today's capricious financial market, risk management for credit, debt,
and financial instruments is basic. Best-run finance organizations
advance cash flow and liquidity management, streamline
correspondences, and coordinate treasury functions with different banks
while keeping up more prominent control over payment and receipt
processes. These undertakings are proficient while mitigating financial
risks and initiating better budgetary controls over the venture. In
addition overseeing cash, these finance organizations monitor
investments and acquiring exercises over various geologies and
currencies. They strive to secure the best investment rates and most

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reduced conceivable borrowing costs. Exact and convenient

understanding into worldwide cash balances and liquidity management
processes permit them to finance operations with the best blend funds
while minimizing risks.

This Article is design by SAP Online Training, (SAPVITS)

Cooperative finance processes (head of finance

operations)
Best-run finance departments remember to focus on the to the core
services they supply to the organization, for example, credit checks,
collections, invoice management, bank transactions, and travel expense.
Using shared services to institutionalize and syndicate business
practices, best-run organizations streamline processes over the business
to enhance transaction speed and precision, diminish the number of
days for which sales are outstanding, ease resource demands, and
empower fair and accurate handling of payments and receivables. The
result is superior service as well as optimized cost. In addition,
enterprise mobility stretches out core financial processes to cell phones
so that account administrators and business directors can get to client
account data, payments, travel costs, and budgets from any device at any
time. This empowers more productivity and efficiency, bring down cost
as a rate of income, and more transactions per full-time employee.

Enterprise threat and compliance organisation (chief

compliance officer)
To ensure valuable financial data, best-run finance organizations
mechanize access management. They guarantee that processes are firmly
controlled to forestall unauthorized access to sensitive corporate
resources while detecting fraud and abuse. These associations
proactively balance risk and opportunity across all finance processes,
from transaction management to financial reporting. Continuous
monitoring of key risk indicators and consistency viability crosswise over
heterogeneous systems, business processes, and IT infrastructures helps
organizations adjust risks and consistency projects to vital activities,
business plans, and process execution. Improved and expanded
automated risk and compliance management help to minimize
associated efforts and reduce the cost of doing business in a highly

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regulated environment. At the same time, organizations can protect

revenue streams with greater confidence and optimize financial
performance.

The value map for finance distinguishes the business needs and strategic
solutions groups them into logical end-to-end procedures, and partitions
these procedures facilitate into implementable steps. In the case of
finance, the items that support these procedures traverse various
portfolios of solutions, including SAP ERP Financials; SAP solutions for
Enterprise Performance Management (EPM); SAP solutions for
Governance, Risk, and Compliance (GRC); and SAP Business
Intelligence Business Objects (SAP BI BO Online Training).

As the next page in the Finance portfolio of solutions, SAP Simple

Finance relies on technological innovations such as SAP HANA
Online Training and the user experience of SAP Fiori Online
Training. These innovations benefit finance organizations by enabling
them to provide strategic value to the business with instant insight. At
the same time, they dramatically simplify the IT landscape with
architectural changes to reduce replication and aggregates to benefit the
CIO. Embedded within the end-to-end processes are the ability to
combine prediction, simulation, and analysis across finance processes in
order to identify the best strategic business options and to give financial
team members instant and personalized insight for timely and relevant
financial decisions.

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