This tutorial gives you an overview and talks about the fundamentals of SAP Simple Finance.
The right set of finance processes enables people and companies to work together more efficiently and to use fact – based, instant insight to stay ahead of the competition. Holistic finance and operational processes empower executives to maintain.
The value map for finance (show in figure) identifies the business priorities and strategic solutions, groups them into logical end –to –end processes, and divide these processes further into implementable steps. In the case of finance, the products that support these processes span multiple portfolios of solutions, including SAP ERP financials; SAP solutions for Enterprise Performance Management (EPM); SAP solutions for Governance, Risk, and Compliance (GRC); and SAP Business Business Intelligence (BI).
Finance Value Map
In the Finance portfolio of solutions, SAP Simple finance relies on technological innovations such as SAP HANA and the user experience of SAP Fiori. These innovations benefit finance organizations by enabling them to provide strategic value to the business with instance insight. At the same time, they dramatically simplify the IT landscape with architectural changes to reduce replication and aggregates to benefit the CIO. Embedded within the end – to – end process are the ability to combine prediction, simulation, and analysis across finance processes in order to identify the best strategic business options and to give financial team members instant and personalized insight for timely and relevant financial decisions.
SAP simple finance capabilities were built to simplify finance processes for SAP Business suite customers by leveraging the power of SAP HANA, which can benefit both finance from a process perspective and IT from an architectural perspective.
Ravindra Savaram is a Content Lead at Mindmajix.com. His passion lies in writing articles on the most popular IT platforms including Machine learning, DevOps, Data Science, Artificial Intelligence, RPA, Deep Learning, and so on. You can stay up to date on all these technologies by following him on LinkedIn and Twitter.