SAP S/4HANA Finance Architecture within SAP HANA SAP S/4HANA Finance Architecture represents a streamlined data model of lightweight structure and compact build-up. It is an Ideal Architecture with aggregating line items that provides compatibility views and a single source of truth. The purpose of this blog is to provide an Read more…
What is SAP Cash Management? Cash Management in SAP S/4HANA Finance takes care of the cash movements in business. It ensures on-time availability of funds for financial requirements and payment obligations and maintains accurate liquidity in the business. What is for you in this article? In this blog, we will Read more…
Chart of Accounts in SAP – Introduction The chart of accounts in SAP is a group of GL Accounts that controls the name of the General GL Master, the number of GL Master and some control information. In other words, the grouping of G/L accounts forms the framework for recording Read more…
Due to the similar terminology and functionality, one of the top questions these days people search is SAP Central Finance vs S4 HANA Finance or what is the key difference between Central Finance and Simple Finance. To answer it in simple language, here I put a statement. SAP Central Finance Read more…
What is SAP S4 HANA Finance? SAP S4 HANA Finance, also known as SAP Simple Finance is the new generation Finance module on the HANA Platform. It is one of the most important modules of the SAP Business Suite. It majorly has two Parts. One is related to Finance and Read more…
What is New Asset Accounting in SAP S/4HANA? New Asset Accounting is SAP’s latest version of Asset Accounting. SAP introduced this module in ERP 6.0 enhancement pack 7. It has since been fully optimized for SAP S/4 HANA with more added features. Prerequisite for New Asset Accounting We need Enterprise Read more…
Bank Account Management in SAP S/4 HANA – Introduction Bank Account Management in SAP S/4 HANA (BAM) is introduced as the brand-new function in Cash Management. Likewise, Bank Account Management is an important area for SAP New Cash Management solutions with implications for cash position, payment management, and bank statements Read more…
SAP New Asset Accounting powered by S4 HANA The New Asset Accounting in SAP works on the HANA platform. SAP launched its first version on ERP 6.0 Enhancement Pack 7 (EHP7). Since then, it has been optimized for SAP S/4 HANA and S4 HANA Finance. With SAP New Asset Accounting, Read more…
SAP Central Finance – Introduction SAP Central Finance is a standard SAP solution delivered for easier, faster, better and cheaper adoption and subsequent operation of the central system for Finance. Hence, it reduces the effort and risk of customized project implementation. Further, SAP Central Finance replaced the traditional one-off implementation Read more…
Why you should choose a career in SAP and what are its major benefits? Lets us learn in detail. SAP is known as a trending skill today. This profession carries lots of career opportunities and worldwide acceptance. Hence, it is the most demanding ERP software. Therefore, most ERP-led industries and Read more…