Brief Introduction to SAP Simple Finance| Key Features | IQ Online Training

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SAP Simple Finance
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What is SAP Simple Finance (S/4 HANA Finance)
SAP Simple Finance (S/4 HANA Finance) which is
powered by HANA is the advanced level of SAP
FICO. It helps in understanding and managing the
financial conditions of an enterprise in the
market. And it performs financial and accounting
operations and reports using BI tools. SAP S/4
Simple Finance has been a revolutionary step in
the finance industry with its greatest features
like wide data sharing, increased pace with the
transactions, accelerated closing and reporting
along with decisions deriving analytics.
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Steps involved in SAP Simple Finance Migration

• System Preparation Phase
• Installation of SAP Simple Finance Add-On and
  Other Components
• Customizing for Migration
• Data Migration
• Post Migration Activities
• Data Checks

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SAP Simple Finance Architecture
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Key Features of SAP Simple Finance

• Financial Planning and Analysis
• Accounting and Finance
• Financial Risk Management
• Risk and Compliance Management

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SAP Finance Vs SAP FICO

• SAP FI module is on ECC 6.0 environment, CO
  (controlling) is a sub module of finance. Simple
  Finance is on HANA environment.
• S/4 HANA Finance runs on HANA database whereas
  SAP FI can run on Oracle or SQL server compatible
  database versions also.
• In SAP Simple Finance, all the information is
  stored in ACDOCA table, whereas FI in many number
  of tables like BSED, MSED etc.

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