SAP S/4 HANA Finance

1.What is SAP S/4HANA ?

2.What is SAP Simple Finance?

3.Why SAP S/4HANA Finance?

4. SAP S/4HANA Finance Innovations

5. How does SAP S/4HANA relate to SAP Simple Finance powered by SAP HANA? 

6. What are the different levels of SAP certification for FICO and the S4 HANA in simple finance?

 

 

1.What is SAP S/4HANA ?

SAP S/4HANA, short for SAP Business Suite 4 SAP HANA, is SAP’s next-generation business suite. It is a new product fully built on the most advanced in-memory platform today – SAP HANA – and modern design principles with the SAP Fiori user experience (UX). SAP S/4HANA delivers massive simplifications (customer adoption, data model, user experience, decision making, business processes, and models) and innovations (Internet of Things, Big Data, business networks, and mobile-first) to help businesses run simple in a digital and networked economy

2.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

3. Why SAP S/4HANA Finance?

Finance organizations need to embrace the digital age to keep up with new and evolving business models and provide decision makers with instant insight. With SAP S/4HANA Finance, you can create a common view of all financial and operational data, provide flexible, easily consumable reporting, automate processes—and instantly evaluate the financial implications of business options with real-time analytics, prediction, and simulation, all with a beautiful user experience.

4.SAP S/4HANA Finance Innovations

SAP S/4HANA Finance is a comprehensive set of financial management and accounting solutions, covering financial planning and analysis, accounting and financial close, treasury and financial risk management, collaborative finance operations, and enterprise risk and compliance management powered by the SAP HANA in-memory database.

Designed for the office of the CFO, these solutions remove the traditional boundaries between transactional, analytical and planning systems, to deliver instant insights with on-the-fly analysis, across all dimensions of financial data.

5. How does SAP S/4HANA relate to SAP Simple Finance powered by SAP HANA?

The SAP Simple Finance solution marked the first step in our SAP S/4HANA road map for customers. The solution has demonstrated the value of simplification (for example, no indexes, no aggregates, and no redundancies) and instant insight in Finance. SAP S/4HANA, on-premise edition leverages the full scope of SAP Accounting powered by SAP HANA included in SAP Simple Finance. SAP S/4HANA, managed cloud edition is intended to leverage the same scope. SAP S/4HANA, public cloud edition is planned to focus on a selected scope of SAP Simple Finance in alignment with the key requirements in finance

6.What are the different levels of SAP certification for FICO and the S4 HANA in simple finance?

As you know S/4 HANA is the business application, which is replacing ECC. At this time S/4 HANA 1610 is available in the market.

As mentioned by the previous author, there are generally 2 levels of certifications: Associate and Professional.

At this time, S/4 HANA Finance has following certifications:

1. Associate Level

Certification Code: C_TS4FI_1511

SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1511)

SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1511

2.Professional Level

P_S4FIN_1511

SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts

SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts

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