Even though Simple Finance sounds at the outset like a contradiction in semantics alone Wholesale DaeSean Hamilton Jersey , SAP claims otherwise. SAP has built its product with a lot of well-thought out feature frameworks that brings about simple-to-use features along with real-time SAP HANA-powered and Cloud-based functionalities which are all pervasive in the IT domain today.
SAP Simple Finance spans 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
The SAP Simple Finance offering Facilitation of high-speed actual real-time analytics at the most granular level across every financial dimension without any constraints. A consolidated view of real-time harmonized or completely integrated financial and management accounting data for all existing subsidiaries, to aid in ensuring enterprise-wide consistency and minimization of reconciliation time and errors. The ability to utilize prediction, simulation, and analysis to assess the financial implications of strategic business options which are all in-built. Optimization of Business Processes which are mostly event-driven processes along with real-time execution. An aesthetically superior and highly functional HTML5 based user experience with SAP Fiori Wholesale Josey Jewell Jersey , providing personalized, modern, advanced and consistent user experience on all applications and devices. A wide array of On-premise, hybrid Wholesale Isaac Yiadom Jersey , and cloud deployment options, and a simple and non-disruptive migration path. SAP Simple Finance sees FI, CO, and CO-PA line items being stored at identical levels of granularity and are linked on a 1:1 basis. This in turn facilitates a convenient reconciliation along with a harmonized internal and external reporting with drill-down to complete detail across every dimension. Reporting is also known to be no longer limited by application boundaries.
Five Reasons to Learn SAP Simple Finance
1. All about Simplicity
In spite of SAP’s recurring mention of their In-Memory Wholesale Courtland Sutton Jersey , Big Data, ERP and Analytics capabilities, this user conference referred more to buzzwords such as simplification, simplify and more. It was one of the primary themes at the user conference just referred to.
The conference also dealt with the challenges that the efforts towards simplification would bring.
This explains the name of their product for finance solutions being named Simple Finance. The President of SAP Platform Solutions Wholesale Chad Kelly Jersey , Steve Lucas has said that Simple Finance offers a major leap into the future of finance departments around the world as it harnesses two essential SAP functionalities. One is the time-tested and market-leading finance solutions that SAP that tailor made to fit the needs of the customer. The second is the real-time nature of in-memory technology that is the hallmark of SAP HANA.
The consolidation of such components enables enterprises to execute mission-critical processes in real-time on SAP Cloud, thereby establishing what can only be described as a new benchmark in the IT industry.
SAP Fiori was also highlighted by the CEO of SAP SE, telling the users gathered in Orlando about data and processes which exist, being built for mainly controlling and not for collaborating.
McDermott said that this Wholesale Brendan Langley Jersey , Simple Finance will prove to be a game changer on various levels for users and organizations worldwide aimed especially for the enterprise software industry.
The take-away for organizations, McDermott said, is the capability to execute strategic decisions and take appropriate action by gleaning from insights instantaneously as they come in. This is because they will relate to risk and compliance, financial applications Wholesale Carlos Henderson Jersey , accounting and treasury, and also planning.
Simple Finance solutions reside on SAP’s secure, flexible and reliable SAP Enterprise Cloud and is driven by the SAP HANA platform.
SAP Simple Finance solutions also has solutions which are constructed particularly for around 25 industries in around more than 50 countries which are in compliance with local and global needs of finance departments.
Register for live webinar on SAP S4HANA Simple Finance
2. HANA Strength
SAP has over 40 year’s expertise in delivering software which meets global standards, meeting software needs to organizations across the world.
Even though SAP welcomes software partners Wholesale Demarcus Walker Jersey , it does not subject itself to the decisions of a third-party database vendor such as Oracle which proves to be the case for most financial and related solutions such as
3. Simple Finance Value Proposition – Adding value to the enterprise
Superior and enhanced business advice resulting from more relevant and timely insight Enhanced corporate alignment and agility resulting from direct end user access to insight Effective management of working capital and financial risks functioning at enhanced levels Lowering of IT complexity Minimization of cost for manual report generation and data reconciliation Minimization of operational risks resulting from fraud and several other noncompliance activities Key innovations within Simple Finance
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