So what is SAP Simple Finance
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SAP Simple Finance: the new ERP Financial Solutions portfolio built for SAP
HANA, allowing “real-real-time” analytics at “most granular level” across all
financial dimensions.
Companies today live in a cross
road between how to adapt quickly to the growing complexity of the external
conditions, and how to adopt to the new technologies in order to stay
competitive on that front.
Fig. Trends shaping Finance
today.
According to surveys from
CFO.com, 76% of CFOs see a growing need to be more involved with operational
business units, and 73% of CFOs say that finance executives say that long term
strategic planning is the largest area of new demand. As well, 58% of the CFOs
say that their company’s line-of-business managers have difficulty using
finance information systems to identify and understand the data they need to
make effective decisions.
Effectively, ERPs have become
complex and not dynamic enough to satisfy the real-time information needs that
CFOs currently need. There are still challenges with processes like real-time
financial analysis, Financial Consolidation with subsidiaries, real-time treasury
and financial risk management, month-end closing, and a response to those is
already overdue.
SAP has come to the rescue again
SAP has come to the rescue again
with an innovative approach to solve the current problems of Financial
departments and CFOs by attacking the complexity in finance by
re-building its global, comprehensive solution to take advantage of SAP HANA.
With the resultingsimplicity, IT enables finance to operate more
strategically. SAP Simple Finance was born.
Fig. Simple Finance attacks
complexity by bringing simplicity.
What is SAP Simple Finance?
SAP
Simple Finance is a comprehensive finance solution based on SAP HANA, which can
be deployed in the cloud or on premise. Designed to be easy to use, it can
deliver instant insight for finance professionals. It enhances the current
finance solution portfolio from SAP, preserving its functional strength while
enabling non-disruptive migration.
” SAP Simple Finance is one of the base-components of SAP S4HANA”.
Fig. SAP Simple Finance in a
nutshell
SAP Simple Finance covers the
following areas of finance:
Financial planning and analysis
Accounting and financial close
Treasury and financial risk management
Collaborative finance operations
Enterprise risk and compliance management
Current situation of SAP
Simple Finance
The technical software components of SAP Simple
Finance have successfully passed ramp-up and are general available since
August, 1st.
The software has been released for all Industries
with the exception of Joint Venture Accounting for Oil & Gas and
Mining.
It is localized for all 62 country versions.
Released Fiori User Interfaces for GL-, AP- and
AR-Accountants plus Cash Managers are localized for 39 of the 62 countries
(incl. US, Canada, Germany, UK, Netherlands, Australia, Japan, Brazil and
Mexico).
How has it been built?
SAP Simple Finance is a new
version of SAP ERP Financial & Controlling, which has been rebuilt based on
the SAP HANA paradigms in order to take full advantage of the possibilities
offered by SAP HANA, and to get rid of any limitations of constrains coming
from the disk based database paradigms, which no longer apply.
In this terms SAP Simple Finance
has built a complete new data model for the SAP Financial modules, where all
aggregates, sub-totals and consolidation tables have been eliminated. The new
financial data model will contain the information relevant for Finance,
Controlling and Profitability Analysis (CO-PA) modules.
The SAP Simple Finance user
interface will be SAP Fiori, allowing personalized, modern and consistent user
experience across the applications, and for any device (desktop, tablet,
mobile).
Fig.
SAP-Simple-Finance-Accounting-Dashboard-Fiori
What is the SAP Simple Finance
offering?
Enable high-speed “real-real-time” analytics at
“most granular level” across all financial dimensions without any
constrains.
One common view of real-time ‘harmonized’
financial and management accounting data for all subsidiaries, to help
ensure enterprise-wide consistency and reduce reconciliation time and
errors.
Built-in ability to use prediction, simulation,
and analysis to evaluate the financial implications of strategic business
options.
Optimization of Business Processes – Event-driven
processes with real-time execution.
A beautiful HTML5 based user experience with SAP
Fiori, offering personalized, modern and consistent user experience on any
application and on any device.
On-premise, hybrid, and cloud deployment options,
and a non-disruptive migration path.
With
SAP Simple Finance, the FI, CO and CO-PA line items are stored at the same
level of granularity and are linked 1:1. This facilitates an easy
reconciliation and an harmonized internal and external reporting with
drill-down to full detail across all dimensions.Reporting is not longer limited
by application boundaries.
Value Proposition – How it
adds value to the organizations?
Better business advice due to more relevant and
timely insight
Better corporate alignment and agility due to
direct end user access to insight
More effective management of working capital and
financial risks
Lower IT complexity
Lower cost for manual report generation and data
reconciliation
Lower operational risks from fraud and other
noncompliance activities
Fig. SAP Simple Finance – Value-Proposition
Business Scenarios covered by
Simple Finance
SAP Simple Finance helps simplify
major real-time finance scenarios and solve typical customer pain points.
Fig. SAP Simple Finance delivers
functionality accross all financial roles
SAP Simple Finance addresses
Customer Pain-Points
SAP Simple Finance addresses
CFO’s pain-points
SAP Simple Finance deployment
models
SAP Simple Finance offers
deployment flexibility:
CLOUD
ON-PREMISE
HYBRID
Fig. SAP Simple Finance
deployment options
SAP Simple Finance is however an
application with a vocation of Cloud deployment, and most of the packages are
only available on the cloud. However, hybrid models, mixing on-premise features
and Cloud features are also possible.
On-Premise offering
CORE PACKAGE:
SAP ERP Foundation Starter
SAP HANA in one of the following forms: platform
edition, enterprise edition, limited runtime edition for applications, limited
runtime edition for applications, and the SAP Business Warehouse
application
SAP Accounting powered by SAP HANA
NEW CAPABILITIES:
SAP Cash Management powered by SAP HANA
SAP Fraud Management powered by SAP HANA
SAP Integrated Business Planning for finance
Cloud offering
Credit, Disputes, and Collections
Planning, Consolidation, and Analysis
Cash Management
In-House Cash
Treasury and Risk Management
Disclosure and Strategy – (Coming soon)
Shared Services Framework – (Coming soon)
Invoice Management – (Coming soon)
Risk, Process, and Audit – (Coming soon)
Fraud Management – (Coming soon)
Fig. SAP Simple Finance deployed
on Hana Enterprise Cloud
Who could consider moving to
SAP Simple Finance?
1. Net-New ERP Customers
Non-SAP Customers who want to
replace their current ERP system or make a first-time commercial ERP
implementation, preferably in the cloud.
Key scenarios:
Accounting and financial close
Treasury and cash management
Integrated business planning
Central journal
Collaborative financial operations
Enterprise risk management
2. Installed-base customers – ERP
upgrade
Customers who want to upgrade
their existing SAP ERP application, running on any database or on the SAP HANA
platform
Key scenarios:
Accounting and financial close
Treasury and cash management
Integrated business planning
Central journal
Deployment Type:
HANA Enterprise Cloud
On-Premise (partial)
Hybrid
3. Installed-base customers
Customers with complex, multi-ERP
system landscapes or a lot of M&A activities, or customers unable or
unwilling to upgrade.
Key Scenarios:
Central journal
Integrated business planning
Deployment Type:
HANA Enterprise Cloud
Hybrid
1. Subsidiaries
Customers who want a
next-generation cloud ERP system for a subsidiary.
Key scenarios:
Accounting and financial close
Integrated business planning
Collaborative financial operations
Deployment Type:
HANA Enterprise Cloud
Hybrid
SAP Simple Finance possible
adoption steps
Fig. Possible adoption steps for SAP Simple Finance
Immediate Benefits for Finance
by Early Adopters
“Already
more than 100 SAP Simple Finance customers”.
Immediate Benefit for Finance by
Early Adopters