SAP Finance LOB

SAP S/4HANA Finance and  SAP S/4HANA Enterprise Management’s Finance Line-of-Business (LOB)

In S/4HANA space, SAP has released TWO MAJOR PRODUCTS

SAP S/4HANA Finance (aka Simple Finance)

The Initial release started with “Simple Finance” – it could be deployed as add-on on ECC Implementation.  &  later SAP released the product with version#1503.

In later years, SAP focused on SAP S/4HANA Enterprise Management (with deployment in On-Premise & Cloud Versions)

SAP S/4HANA Enterprise Management ON-PREMISE (OP)

Initially released by SAP, on “3 February 2015″ , the First version for “On-Premise” was SAP S/4HANA 1511.  This version was followed with one major release each year –>
SAP S/4HANA 1610
SAP S/4HANA 1709
SAP S/4HANA 1809
SAP S/4HANA 1909
SAP S/4HANA 2020 (Latest Release of S/4HANA Onpremise) 🙂

This picture represents the journey of initial days of the product SAP S/4HANA

SAP S/4HANA Finance covers following capabilities  :

  • Financial Planning and Analysis
  • Accounting and Financial Close
  • Treasury and Financial Risk Management
  • Enterprise Risk and Compliance Management
  • Collaborative Finance Operations
  • Receivables Management

What’s changed in SAP S/4HANA in Finance Line-of-Business (LoB)

SAP S/4HANA has major changes in Finance, Controlling, Asset-Accounting, Inventory-Valuation, Financial Close and many other Finance Functions. All these functions have become extremly tightly integrated, thru UNIVERSAL JOURNAL – THE SINGLE SOURCE of INFORMATION & & Real-time availibility of information. 

The Data-structures are simplified and it helps lower the data-footprint

The faster-thruput and data-fetch is acheived as result of  HANA database. It also ensures facilitating advance capabilities of Machine-Learning.

For details on Innovations in S/4HANA, please refer to page on S/4HANA Innovations.

S/4HANA 1909