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S/4HANA Finance: New Features and Functionality
This document provides an overview of SAP S/4HANA Finance's key features such as real-time data processing, the benefits of using Fiori's user interface, and the integration of different financial components into a single universal journal. It emphasizes the enhancements in performance and functionality for profitability analysis, cost accounting, and fixed asset management, as well as the improvement in reporting and decision-making driven by real-time analytics. Additionally, it highlights Dickinson + Associates' expertise in implementing SAP solutions to maximize business value.
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S/4HANA Finance: New Features and Functionality
- 1. 1 SAP S/4HANA Finance KeyFeatures and Functionality August 2016
- 2. 2 Agenda Dickinson + AssociatesOverview Fiori In-memory Computing One Source of the Truth Cost Elements vs. G/L Accounts COGS by Cost Component Production Order Variance Categories Optimized Transactions for Period-End Closing Fixed Asset Line Items Real-Time Overhead Calculation Profitability Analysis ABAP Queries
- 3. Dickinson + AssociatesOverview
- 4. 4 Dickinson + AssociatesService Offerings Software S/4 HANA Finance Analytics HANA Logistics Data and Reporting Innovations Application Support Products S/4 HANA BusinessObjects HANA Cloud Industry IM&C Mill Products CPG Chemical A&D Financial Services
- 5. 5 Why Dickinson +Associates? THOUGHT LEADERSHIP FLEXIBILITY TEAMWORK COMPREHENSIVE CONSULTING BUSINESS PEOPLE who know SAPBUSINESS PEOPLE who know SAPBUSINESS PEOPLE who know SAPBUSINESS PEOPLE who know SAP We bring years of real business experience and achieve success through dedicated teamwork. Our consultants have been in positions of responsibility in industry, averaging nearly 18 years of business experience and seven years of SAP expertise Dickinson + Associates seeks every opportunity to uncover business value and leverage SAP’s capabilities to improve our client’s operations Dickinson + Associates works with our clients and SAP to devise a solution that fits the needs, timeline, and budget
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- 7. 7 Financials Add-On forSAP Business Suite Powered by SAP HANA
- 8. 8 SAP Fiori –SAP’s New Modern User Interface Role-based Designed for you, your needs, and how you work Adaptive Adapts to multiple use cases and devices Simple Only what is necessary Coherent Provides one fluid, intuitive experience Delightful Makes an emotional connection
- 9. 9 SAP Fiori AppTypes Transactional Apps These apps let you perform transactional tasks such as post incoming payments. They represent a simplified views and interaction with existing business processes and solutions. Fact Sheets These apps display contextual information and key facts about central objects used in your business operations. From a fact sheet area you can drill down into its details. Analytical Apps/Smart Business Cockpits These apps let you get role-based insight into real-time operations of your business by collecting and displaying key figures directly in your browser. You can closely monitor your most important key performance indicators (KPIs) in real time and react immediately on changes in market conditions or operations. A listing of all Fiori apps can be found online in the Fiori Apps Library https://fioriappslibrary.hana.ondemand.com/sap/fix/externalViewer/
- 10. 10 High Performance AnalyticAppliance: HANA SAP HANA transforms businesses by streamlining transactions, analytics, planning, and predictive data processing on a single in-memory database so business can operate in real time. IN-MEMORY means all data is stored in the memory (RAM). There is no time wasted in loading data from hard disk to RAM. Everything is in-memory all the time which gives the CPU quick access to data for processing. COLUMN STORAGE vs. ROW STORAGE – SAP HANA is a column oriented database. Storing data by column results in better compression than conventional row storage. It also performs well while query processing since queries read only the columns which are required. NO PRE-AGGREGATION– Pre-aggregation is no longer required. Therefore, users do not have to wait hours to get the data they need. Flexible ad-hoc analysis can be performed at any time. WHY SAP HANA?– SAP HANA enables businesses to make smarter, faster decisions through real-time analysis and reporting combined with dramatically accelerated business processes. The lack of delay between insight and action results in a “real time business”.
- 11. 11 High Performance AnalyticAppliance: HANA
- 12. 12 High Performance AnalyticAppliance: HANA
- 13. 13 High Performance AnalyticAppliance: HANA
- 14. 14 High Performance AnalyticAppliance: HANA
- 15. 15 Different Sources ofthe Truth General Ledger Controlling Profitability Analysis Asset Accounting Material Ledger Balance Sheet Profit & Loss G/L and COPA updated based on different events (e.g. shipping vs. billing) Different level of detail due to document summarization No profit center or G/L account in Asset Accounting totals Material Ledger does not store profit center or G/L account
- 16. 16 Single Source ofthe Truth – Universal Journal Public Sector Accounts Payable Joint Venture General Ledger Profitability Analysis Accounts Receivable Cost Center Accounting Asset Accounting Material Ledger Universal Journal Single repository of journal entries across multiple applications without redundancy This enables deeper, instant insight across all dimensions, easier extensibility, and process optimizations for an accelerated close.
- 17. 17 Universal Journal -Architecture One line item table with full detail for all components. Data stored only once so no reconciliation needed. Reduction of memory footprint through elimination of redundancy. Fast multi-dimensional reporting on Universal Journal possible without replicating data in BI. GL Ledger Company Account Profit Center Amount 1 Amount 2 Amount 3 …. CO-PA Operating Concern Market Segment …. Universal Journal Ledger Company Account Profit Center Amount 1 Amount 2 Amount 3 Cost Center Fixed Asset Market Segment Material ….. CO CO Area Cost Element Amount 1 Amount 2 Cost Center …. Asset Accounting Company Fixed Asset …. Material Ledger Company Material ….
- 18. 18 List of TablesReplaced by Compatibility Views Index tables removed BSIS Index for G/L Accounts (open items) BSAS Index for G/L Accounts (cleared items) BSID Index for Customers (open items) BSAD Index for Customers (cleared items) BSIK Index for Vendors (open items) BSAK Index for Vendors (cleared items) BSIM Index, Documents for Material FAGLBSIS Index for G/L Accounts – New G/L (open items) FAGLBSAS Index for G/L Accounts – New G/L (cleared items) Aggregate tables removed GLT0 General Ledger: Totals GLT3 Summary Data Preparations for Consolidation FAGLFLEXT New General Ledger: Totals KNC1 Customer Master (transaction figures) LFC1 Vendor Master (transaction figures) KNC3 Customer Master (special G/L transaction figures) LFC3 Vendor Master (special G/L transaction figures) COSS Cost Totals for Internal Postings COSP Cost Totals for External Postings
- 19. 19 List of TablesReplaced by Compatibility Views (cont.) Tables removed FAGLFLEXA New General Ledger: Line Items COEP Cost Line Items ANEP Fixed Asset: Line Items ANEA Fixed Asset: Line Items for Proportional Values ANLC Fixed Assets: Value Fields ANLP Fixed Assets: Periodic Values MLIT Material Ledger Line Items CKMI1 Material Ledger: Index for Accounting Documents
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- 21. 21 G/L Accounts /Cost Elements G/L accounts and cost elements are merged into a single record.
- 22. 22 G/L Accounts /Cost Elements Secondary cost elements exist in the G/L as well.
- 23. 23 COGS Posted toG/L by Cost Component Total value of material shipped to customer is posted to a single COGS account in the G/L. Visibility to COGS by cost component in CO-PA only. Some clients opted to create a custom program to restate COGS in the G/L by cost component. Typical COGS Posting
- 24. 24 COGS Posted toG/L by Cost Component Total value of material shipped to customer is posted to the G/L by cost component. Cost components can be mapped to G/L accounts 1:1 or at a more summarized level. S/4HANA Finance COGS Posting
- 25. 25 COGS Posted toG/L by Cost Component S/4HANA Configuration
- 26. 26 Production Variances Postedto G/L by Category Total production order variance is posted to a single G/L account. Variance categories visible only in production orders or CO-PA. Typical Production Order Variance Posting
- 27. 27 Production Variances Postedto G/L by Category Variances posted to the G/L by variance category. Variance categories can be mapped to G/L acconts 1:1 or at a more summarized level. S/4HANA Finance Production Order Variance Posting
- 28. 28 Production Variances Postedto G/L by Category S/4HANA Configuration
- 29. 29 Typical Overhead Calculation Typically,overhead is calculated at month-end either individually via transaction KGI2 or collectively via transaction CO43. As such, no absorption of overhead was posted until month-end. In order to see more frequent overhead absorption, the following options were availalbe. Perform overhead calcuations on a more frequent basis (i.e. weekly or daily). Use activity types in the routing to absorb overhead instead of using a costing sheet.
- 30. 30 Real-Time Overhead Calculation InS/4HANA Finance, overhead can be applied in real-time to both material consumption and activity postings. Overhead is applied automatically during the production order confirmation. S/4HANA Finance Production Order Confirmation
- 31. 31 Real-Time Overhead Calculation S/4HANAConfiguration
- 32. 32 Optimized Transactions forPeriod-End Processing New transactions are introduced for period-end processing of production orders. New transactions result in 10% - 40% performane improvement.
- 33. 33 Fixed Asset LineItems In previous versions of SAP, the depreciation posting in the G/L was summarized by cost center. In S/4HANA, a separate line item is written for each asset. S/4HANA Finance Depreciation Posting
- 34. 34 Enhancements in ProfitabilityAnalysis Account-based COPA becomes the default in S/4HANA Finance. S/4HANA functionality such as the following reduce the need for costing-based COPA. Split of COGS by Cost Component in the G/L Split of Variance Categories in the G/L Costing-based COPA continues to exist and be supported. However, new enhancements will focus on account-based COPA. Customers can continue to use account-based COPA and costing-based COPA in parallel. Costing-based COPA is still required for multiple valuations of COGS.
- 35. 35 ABAP Queries BSEG tablecan be used in table joins ACDOCA can be used in table joins as well
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- 37. 37 Dickinson + Associates MikeBelcher Manager, Solutions Engineering Mike.B@dickinson-assoc.com 847-226-1233