SAP S/4 HANA Finance
The SAP is one of the world’s largest software selling enterprises. It has many modules such SAP SuccessFactors, SAP FICO, SAP HR/HCM, and many more. Worldwide Organizations are currently investing in SAP to optimize their business operations, streamline their business processes, and integrate systems. The main goal of the company is to maximise their business Return on Investment (ROI).
SAP introduced SAP HANA in 2010. It was designed for handling, fast database. SAP HANA has revolutionized the database record storage. It started supporting both row-based and column-based storage. The former is used by relational databases, and the latter is used by business applications.
SAP introduced its new business suite known as SAP S/4 HANA Finance, which was created and designed for assisting companies in the digital economy. You can retrieve any data, information quicker and utilize it. You can shift processing logic to the database. This will lead calculations on database level. Learn SAP S/4 HANA Finance from BigClasses.
SAP S/4 HANA Finance
SAP S/4 HANA Finance was the first module of SAP HANA. It was previously called Simple Finance. It was redesigned by data structures and application layers. New concepts were introduced such as central finance, cash management, COPA, IBP, etc. These new concepts were able to source all the company’s financial information from ACDOCA. SAP S/4 HANA Finance is one of the prominent models of SAP where it brings general ledger, material ledger, asset accounting, into one journal. You can utilize Business Intelligence (BI). Fiori, and SAP HANA recent and on-going content in SAP S/4 HANA Finance. It is an important ecosystem of SAP.
SAP S/4 HANA Finance Video Tutorials:
SAP S/4 HANA Finance is the financial application used by various companies worldwide. It consists of a set of interconnected financial management functions. This interconnected financial management provides real-time data from ERP applications. It also integrates cross-organizational functions into a single system that consist of both transaction process and analytics for applications.
Why was SAP S/4 HANA Finance Created?
SAP S/4 HANA Finance was created only to remove the traditional barriers between the transaction, analytics, and planning systems. It provides an instant report on analysis at all financial data levels. A user can utilize SAP S/4 HANA Finance for making decisions on financial data from various systems.
SAP S/4 HANA Finance was created for professionals and specialists for all kinds of industries in the world. These industries can be financial operations, risk, and compliance, accounting, and tax, etc. It is also for any business size from start-up, to mid-size to top MNCs.
SAP S/4 HANA Finance provides a powerful speed which can combine with integrated features for financial accounting and management accounting. You can have the access to real-time data with analytics models. You can predict the impact on the company due to changes.
The top companies that are currently using SAP S/4 HANA Finance are DCM Shriram, Mangalam Cement Limited, Shriji Polymers, Grey Orange. These companies are one of the top digital enterprises in India.
About SAP HANA Online Training @ BigClasses
BigClasses is one of the best online training organizations offer SAP HANA training. We have qualified and experienced faculties who are responsible for taking the online sessions. We provide study materials and 24 hours support to our national and international learners as well. If you are interested inSAP HANA online training, contact us for the detailed course and the free demo classes.