Trust you have been following our blogs 🙂 . Moving forward from basics of S/4 HANA finance , lets see few of the Notable features of S/4 HANA Finance that makes it popular .
Salient features of S/4 HANA Finance : –
- IN memory computing empowers instant insight of data.
- Its non – disruptive, can be taken into cloud or on Premise .
- Much Simple and Faster – ease of personalization with drill down.
- Support or lets say delivers functionality across all roles and responsibility (Financial) .
- Single source of Truth for all accounting components .
- The Universal Journal (discussed in detail in blog 2 of the series ) allows you to harmonize the data (accounting data)
How do we adopt it ?
We can choose one of the three available methods (do let us know if you need detail info, we can provide you on request):
- Upgrade and Migrate All the Instances .
- Upgrade , Migrate and Consolidate (Instances) .
- Create a central Finance Instance and bring / replicate from all the sources.***
*** this could be a step by step process of cutting down on instances in due course of time.
We will continue in next blog – S/4 HANA Finance – 2 with more detail on Universal Journal
Disclaimer – This is first part of Four planned blogs on S/4 HANA finance, which the author intend to share. Author is sharing his Project experience and Learning , which might not be exactly in alignment with standard recommendations and Practices. It is authors own understanding of the product.
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