(View This Article on skillstek.com)
Even today, there are many people who are still searching for the term SAP Simple Finance while
having questions and issues on SAP S/4HANA Finance.
One who wants to become SAP S/4HANA Finance consultant needs to learn SAP S/4HANA Finance from an expert SAP HANA Finance trainer having a deep knowledge of its full configuration and implementation process. Having said that, choosing to take SAP S/4HANA Finance 1809 training would be the right decision at this moment. Though SAP S4HANA Finance 1709 is still much popular and in demand, however, 1809 being the latest version, learning this would be the best decision if taken earliest. On the other side SAP Simple Finance is an older term used by SAP before the launch of S/4HANA.
Let us start learning the difference between them by having a basic introduction of the both.
SAP introduced Principle of One, which is also called Universal Journal (ACDOCA table which can remove multiple Index, Aggregate, Total Tables related to Finance & Controlling Module.
Finance Risk Management id one of the important feature of SAP Simple Finance
Risk and Compliance Management is another one being called as a key feature of Simple Finance.
The earlier SAP releases like 1503, 1506 support SAP Simple Finance Module.
What is the basic difference between SAP Simple Finance and SAP S/4HANA Finance?
The answer to this question is, SAP simple finance carries some add-on features on EHP 7 whereas SAP S4 HANA is a complete Finance Business solutions.
SAP Simple Finance 1503
SAP Simple Finance 1506
SAP Simple Finance 1511
SAP S/4HANA Finance 1610
SAP S/4HANA Finance 1709
SAP S/4HANA Finance 1809
Out of these six versions, the latest ones are:
SAP S/4HANA Finance 1709 and
SAP S/4HANA Finance 1809
I am sure, by the end of this article I would have cleared your doubt on the difference between SAP Simple Finance and SAP S/4HANA Finance and why you should use the term SAP S/4HANA Finance instead of SAP Simple Finance or just HANA Finance. To go into more deeper knowledge you can see other related articles in this blog.
Even today, there are many people who are still searching for the term SAP Simple Finance while
having questions and issues on SAP S/4HANA Finance.
One who wants to become SAP S/4HANA Finance consultant needs to learn SAP S/4HANA Finance from an expert SAP HANA Finance trainer having a deep knowledge of its full configuration and implementation process. Having said that, choosing to take SAP S/4HANA Finance 1809 training would be the right decision at this moment. Though SAP S4HANA Finance 1709 is still much popular and in demand, however, 1809 being the latest version, learning this would be the best decision if taken earliest. On the other side SAP Simple Finance is an older term used by SAP before the launch of S/4HANA.
Let us start learning the difference between them by having a basic introduction of the both.
What is SAP S/4HANA Finance?
After successful execution of SAP Simple Finance, SAP introduced S4 HANA Business Suit, which not only includes Finance functions but also the Logistics functions on HANA platform. SAP S4 HANA Finance is one Business application for Finance which includes –SAP Accounting, SAP Treasury & Cash Management, and SAP BPC.Key Features of SAP S/4HANA Finance
- New GL concept
- Extension Ledger
- Cost Element included in Ledger Account
- Secondary Cost Element
- Business Partner Concept
- Receivable Management (Credit Management, Collection & Dispute Management)
- Cash Management
What is SAP Simple Finance?
SAP Simple Finance is the first Business application developed for financial functions on HANA Platform. We can say, this was the pilot product from SAP on HANA platform for Finance Business solutions. Also, it is known as Add On functions on EHP 7. It includes multiple functions both for Finance & Management Accounting.SAP Simple Finance Key Features
SAP Simple Finance was designed to remove issues like transactional ( OLTP) and analytical (OLAP) and planning system to provide instant insights and calculation on- the -fly.SAP introduced Principle of One, which is also called Universal Journal (ACDOCA table which can remove multiple Index, Aggregate, Total Tables related to Finance & Controlling Module.
Finance Risk Management id one of the important feature of SAP Simple Finance
Risk and Compliance Management is another one being called as a key feature of Simple Finance.
The earlier SAP releases like 1503, 1506 support SAP Simple Finance Module.
What is the basic difference between SAP Simple Finance and SAP S/4HANA Finance?
The answer to this question is, SAP simple finance carries some add-on features on EHP 7 whereas SAP S4 HANA is a complete Finance Business solutions.
Why People still use term SAP Simple Finance while they are actually looking for SAP S/4HANA financed only?
SAP Simple Finance was highly marketed by SAP for a while, for which it gained much popularity among its industry and users. Though SAP S/4HANA Finance has already replaced SAP Simple Finance, however, due to its popularity, people still use term SAP Simple Finance.Different versions of SAP HANA Finance
Since the launch of the HANA technology, there are total six versions launched by SAP till date. The first three versions were observed under Simple Finance while the later three launched under S/4.SAP Simple Finance 1503
SAP Simple Finance 1506
SAP Simple Finance 1511
SAP S/4HANA Finance 1610
SAP S/4HANA Finance 1709
SAP S/4HANA Finance 1809
Out of these six versions, the latest ones are:
SAP S/4HANA Finance 1709 and
SAP S/4HANA Finance 1809
I am sure, by the end of this article I would have cleared your doubt on the difference between SAP Simple Finance and SAP S/4HANA Finance and why you should use the term SAP S/4HANA Finance instead of SAP Simple Finance or just HANA Finance. To go into more deeper knowledge you can see other related articles in this blog.
No comments:
Post a Comment