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Finance of the future with SAP S/4HANA solutions
SAP S/4HANA Finance, sometimes referred to as SAP S/4 Finance or SAP Simple Finance, is the next generation of SAP S/4HANA FI/CO. It is based on three pillars:
SAP Accounting
Transaction data can be analyzed across applications, with the account as the key element in Finance and Asset Accounting.
SAP Cash Management
Planned or previously accounted for finance data can be used to assess liquidity evaluations.
Integrated planning
The components of Business Planning and Consolidation (BPC) make it possible to register and process planned and forecast values directly in the SAP ERP.
Features boosting next-gen financial management
A complete financial management solution designed to streamline financial procedures, provide real-time information, and assist with advanced financial analytics.
General Ledger (GL) Accounting
General Ledger Accounting serves as the central repository for all financial transactions within an organization.
Document splitting
Enables businesses to produce comprehensive financial statements at different levels.
Parallel accounting
Organizations can keep several ledgers for several accounting rules (such as IFRS and GAAP) at the same time.
Extension ledgers
Add custom fields and tables to the general ledger so that organization-specific data can be included.
Real-time financial reporting
Financial data is instantly accessible, enhancing decision-making and eliminating batch processing.
Accounts Payable (AP) and Accounts Receivable (AR)
Better financial control, consistent cash flow, and on-time payments are all ensured by AP and AR management.
Vendor and customer account management
Simplify the process of creating and maintaining master data for customers and vendors
Payment processing
Automates the entire payment process, including runs, bids, and tracking.
Credit management
Establishes credit limits, risk classifications, and client credit scores to control credit risk.
Collections and dispute resolution
Offers resources for effective handling of past-due accounts, client reminders, and dispute settlements.
Asset Accounting (AA)
Asset Accounting (AA) of financial accounting manages a company’s fixed assets throughout its lifecycle.
Integrated depreciation engine
Supports multiple stages and straight-line depreciation techniques and calculation rules.
Periodic processing
Enables regular asset accounting activities, including asset history sheet reporting and asset revaluations.
Capital work in progress (CWIP)
Manages the settlement and capitalization of construction-related assets.
Asset retirements, scrapping, and transfers
Manages a range of asset lifecycle activities, such as scrapping and business area transfers.
Bank Account Management (BAM)
Bank Account Management (BAM) provides centralized control over a company’s bank accounts, enabling efficient setup.
Centralized account management
Provides all bank accounts a point of control, enabling the opening, closing, and modification of account information.
Bank account signatories
Manages signatory information changes and approval processes for bank account signatories.
Audit trail
Maintains a complete record of every change made to bank account data.
Cash Management and Bank Communication
Cash Management and Bank Communication enable real-time visibility and control over banking activities.
Cash positioning
Combining transaction data and bank account balances, it offers real-time visibility into cash situations.
Cash flow forecasting
Using historical data and predictive analytics, make both short- and long-term cash flow projections.
Bank communication management
By supporting standardized formats, bank communication management simplifies interactions with banks.
Financial Planning and Analysis (FP&A)
Financial performance analysis, forecasting, and budgeting are the primary goals of financial planning and analysis, or FP&A.
Forecasting and budgeting
Support in the development and administration of forecasts and budgets at different levels of detail.
Profitability analysis
Tools for evaluating profitability at different levels, such as consumers, products, or market segments.
Integration with SAP Analytics Cloud
Generates extensive financial reports by utilizing SAP Analytics Cloud’s powerful analytics features.
Financial Closing and Consolidation
Streamlines the process of finalizing financial statements and combines financial data from multiple entities.
Closing Cockpit
Provides an established dashboard for managing and tracking closing tasks, schedules, and dependencies.
Intercompany reconciliation
Automates intercompany transactions, balances, and eliminations.
Group reporting
Facilitates the preparation of consolidated financial statements in compliance with different accounting standards.
Insights that drive transformation
60%
Tasks related to traditional finance are increasingly automated.
72%
CFOs have a final word on the company’s technological orientation.
68%
CFOs say finance is ultimately in charge of ESG performance.
60%
Tasks related to traditional finance are increasingly automated.
72%
CFOs have a final word on the company’s technological orientation.
68%
CFOs say finance is ultimately in charge of ESG performance.
Modernize your financial processes with a future-ready platform that offers predictive insights, streamlined workflows, and unmatched integration across business functions.
Key benefits of SAP S/4HANA finance for enterprises
Empower company productivity with intelligent automation, minimized processes, and real-time analytics.
Simplified Financial Processes
SAP S/4HANA migration for finance automates financial processes to streamline operations, reduce manual effort, and boost efficiency.
Universal Journal
Unifies financial data into a single source of truth, enabling real-time analysis and eliminating redundancies.
Real-time Reporting
Enables real-time financial reporting, giving stakeholders instant insights into performance.
Integrated Risk and Compliance
The solution embeds risk and compliance tools to monitor financial risks and ensure regulatory adherence.
Predictive Analytics
Predictive analytics are implemented by SAP S/4HANA Finance for data-driven decision-making and advanced forecasting.
Frequently asked questions
What is the Universal Journal in SAP S/4HANA Finance? +
The Universal Journal consolidates financial, controlling, and asset accounting data into a single table, providing a unified source of truth. This eliminates data redundancy and enables faster, real-time reporting and analytics.
How does SAP S/4HANA Finance improve financial closing processes? +
It automates and accelerates period-end closing by integrating data across modules, reducing reconciliation efforts, and enabling continuous close processes. This results in faster, more accurate financial statements.
Can SAP S/4HANA Finance help with regulatory compliance? +
Yes. It includes built-in governance, risk, and compliance (GRC) features that help organizations enforce policies, monitor financial risks, and meet both global and industry-specific regulatory standards.
How does predictive analytics work in SAP S/4HANA Finance? +
The solution uses machine learning and predictive algorithms to generate accurate forecasts, simulate financial scenarios, and support strategic planning with data-driven insights.
What choices are available for SAP S/4HANA Finance deployment? +
SAP S/4HANA Finance can be deployed on-premise, in the cloud, or in a hybrid environment, depending on an organization’s needs, IT strategy, and scalability requirements.
Transform your finance operations today
Unlock the power of SAP S/4HANA financial accounting to streamline your financial operations and make smarter decisions.