Reimagine finance for the digital age with the SAP S/4HANA Finance solution (formerly SAP Simple Finance). This ERP financial software runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, accounting and financial close, treasury and cash management, accounts payable and receivable, risk management, and more.
- Cloud or on-premise deployment
- Common view of all financial and operational data
- Flexible, easily consumable reporting
- Automated processes
- Key Benefits
- Access a single source of truth: Drive massive process and technology simplification with a system that removes data replications, reconciliations, and redundancies.
- Engage flexible business processes: Redesign and optimize processes to focus on exceptions and critical tasks – and easily change processes as business models evolve.
- Learn from best practices across companies: Benefit from cross-company self-learning data available for everyone. Various roles have access to embedded statistics, reporting, and benchmarking.
- Key Capabilities
- Financial planning and analysis
- Embed your end-to-end planning process and use real-time operational data to eliminate time lags and redundancy
- Run on-the-fly financial analysis at any level of granularity using a single table
- Create ad hoc simulations of organizational changes or new business models directly in your ERP system
- Accounting and financial close
- Execute closing tasks and inter-period processes in real-time
- Run real-time reporting with complete drill-down by any dimension
- Use a single, unified data model to simplify processes, increase productivity, and reduce risk
- Treasury and financial risk management
- Integrate cash flow analysis and business planning, including liquidity planning lifecycles
- Take advantage of comprehensive central bank account management
- Get real-time visibility of bank balances and currency exposures
- Enterprise risk and compliance
- Process high volumes of data to enable real-time fraud detection at the transaction level
- Centralize fraud management to optimize investigation and monitoring
- Minimize false alarms by calibrating detection strategies and running real-time simulations
- Collaborative finance operations
- Respond to fluctuating market dynamics rapidly
- Automate receivables and payables processing and revolutionize shared-services delivery
- Streamline travel management
- Receivables management
- Record and manage accounts receivables data for all customers with SAP S/4HANA
- Integrate data for dispute, collections, and credit management applications
- Increase automation and reduce manual effort and costs associated with running accounts receivables