How can SAP S/4HANA 1610 impact your Finance Department?

August 31, 2017

Unlock the next wave of productivity with the latest release of SAP S/4HANA. The next-generation ERP suite offers immediate insight, intelligence for better decisions, and integration within your organization and beyond. SAP S/4HANA provides the digital core you need to succeed in today’s digital world. Built on SAP HANA, the industry-leading in-memory computing platform, SAP S/4HANA can help you transform your organization, delivering a customized product or service to an audience of one, at global scale.

 

Connect your digital core for greater productivity and deeper business insight with new functions in SAP S/4HANA 1610.

 

Planning the Future

Use financial planning and analysis to create your path for the future, all within your digital core. Develop cost center, sales, and market segment plans while capitalizing on ease-of-use features such as comma separated values (CSV) file upload and end-to-end extensibility that make it easy to turn data into insights and plans of action.

 

Real-Time Consolidation

Take advantage of instant access to transnational and master data in SAP S/4HANA for real-time consolidation. You can easily trace back to source data in SAP S/4HANA and other legacy source systems for the finest granularity and confidence.

 

Parallel Valuation

Take a streamlined and consistent approach with the universal journal to take advantage of parallel valuation methods for legal, group, and profit centers. Multinational groups need to report profit-ability for the group as a whole as well as for the individual units based on the operational flows, and SAP S/4HANA makes this possible.

 

SAP S/4HANA examples:

 

  • Legal perspective looks at the transactions from the point of view of the affiliated companies, including markups.

  • Group valuation looks at the whole group, eliminating markups (such as inter-company profits).

  • Profit center valuation treats profit centers as if they were independent companies, using negotiated prices.

 

Production Cost Analysis

Add business reporting content to support variance tracking to identify potential issues through production cost analysis. Isolate causes and help ensure that costs are captured correctly in processes and orders with insight into overall and detailed costs to keep production costs in line with budgeted costs.

 

RealSpend and SAP Financial Statement Insights

Use new integration with the SAP RealSpend solution and SAP Financial Statement Insights Web application to enjoy real-time understanding of your forecast while visualizing profit-and-loss account group balances. You can now layer planned future expenses over existing financial information and tag expenses for new dimensions of analysis. Armed with easy-to-access insights, you’ll have a better picture of your financial situation and be able to uncover trends and hidden irregularities behind aggregated key performance indicators.

 

Lease Accounting

Get structured insights into lease payments, duration, timing, and uncertainty of cash flows with direct finance integration with the new International Financial Reporting Standards–compliant expense lease accounting in the SAP Real Estate Management application. Reduce manual effort and risk of error when calculating and posting leases according to the planned new accounting standard from the International Accounting Standards Board and Financial Accounting Standards Board to support new principles of reporting on lease-related payments, contract duration, and uncertainty of cash flows. Create a full inventory of leases, assess net present values, and recognize leases as assets or liabilities on the balance sheet.

 

Integration with Business Networks

Connect to business networks like never before. Finance can now take advantage of additional integrations with the SAP SuccessFactors Employee Central Payroll solution and learning map, buyer-side Ariba Invoice Management and Ariba Discount Management solutions, Concur solutions, and SAP Fieldglass solutions.

 

SAP S/4HANA is The Next Generation Business Suite For A Digital World
The opportunity exists to transform business processes and achieve the digital transformation of your business with more automation and real-time visibility. Our SAP S/4HANA, SAP HANA and Big Data solutions address these important needs and more. Let us show you today! Set up a free consultation. 

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