Friday, August 14, 2020

A Quick Guide to SAP Simple Finance

SAP Simple Finance (S/4 HANA Finance) is one of the essential modules to handle SAP Finance and Accounting powered by SAP HANA. It is utilized to conduct financial operations and accounting in real-time and reporting using BI tools. SAP Simple Finance serves to examine the financial conditions of an organization in the market. 

SAP Simple Finance presents an accounting solution powered by SAP HANA. S/4 HANA finance comes with diverse finance and accounting management processes and assists operations efficiently. 

With SAP S/4 HANA Finance, you have the following propaganda −

SAP S/4HANA Finance 1605 
SAP S/4HANA Finance, On-Premise Edition 1503 
SAP Simple Finance Add-On for SAP Business Suite powered by SAP HANA 



SAP Simple Finance gives huge cost and time saving to arrange finance and accounting by leveraging the computing power of SAP HANA. The universal journal connects all the good qualities of accounting components. In the former SAP Finance Accounting tool, all the components are individually managed due to technical restrictions without the HANA platform. 

Before SAP Simple Finance there were a lot of difficulties, such as − 

  • Various level of details stored in respective components/tables 
  • To move the data to an appropriate table for reporting purpose 
  • Multiple BI extractors to interpret full data in BI 
  • Reconciliation required for all components 

SAP Simple Finance crosses 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

Advantages of Using SAP HANA 


The following are advantages of using SAP HANA as an underlying database. 

  • Real-time data analysis 
  • Elimination of needless complexity of hardware 
  • No latency in the database due to regularly ETL jobs 
  • In-memory database 
  • Column store helps calculations on the run 
  • Parallel processing 
  • Data compression 

SAP Simple Finance ─ Key Features 


Following features are accessible for SAP S4 Hana Simple Finance – 

Financial Planning and Analysis


Using SAP Simple Finance, companies can practice it to forecast, plan, and budget as an ongoing process. With the application of Predictive Analysis, you can forecast the impact of business decisions on the financial reports of the business. 

Accounting and Finance


With the use of high-level Finance and Accounting features, organizations can meet the legal terms and create financial reports on time. 


Financial Risk Management


Using Predictive Analysis, companies can find the risk in financial processes at an initial stage and device ways to mitigate them. It is easy to find good investment rates as per market standards. 

Risk and Compliance Management


Using strong financial processes, it is easy to restrict unauthorized access to sensitive data in the organization. It is easy to detect fraud and abuse, and companies can proactively balance the risk for all the financial processes 


SAP Simple Finance Online Training at Best Online Career 


Learn SAP Simple Finance at Best Online Career. We have designed the SAP Simple Finance Course Content and Syllabus based on industry expectations to achieve your career goals. Take up the SAP Simple Finance Online Training to seek your dream career. Best Online Career offers SAP Simple Finance Online Training through various online technologies. These classes are for those who are working professionals. Take the benefits of SAP Simple Finance Training and start your career in SAP. 

Best Online Career also offers SAP Simple Finance Training Videos. Learn SAP Simple Finance Online through our self-paced videos which is focused on the concepts, webinars, case studies, and much more. Our SAP Online courses gives you the flexibility to learn from where ever you want. Take SAP Simple Finance Online Course and upgrade your knowledge on SAP Finance.


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