SIMPLE FINANCE -- CONFIGURATION AND CUSTOMIZATION

CUSTOMIZATION OF  SIMPLE FINANCE  

We’re  living  in an  era  full of competition in which organizations are  facing  tre- mendous challenges to collect  information and  process data  to stay ahead of their competitors. Failure to process both structured and  unstructured data  in a timely manner to make  decisions is no longer an option. The solution to this problem is SAP’s new  generation SAP HANA database with  in-memory computing power to process huge  amount of data  for  analysis in a very  short period. An SAP HANA database supports columnar database tables and  can  move logic  to the  database layer  through stored procedures.

SAP S/4HANA  represents the  next  generation and  latest  evolution of SAP’s core application platforms, with redesign and  reengineering to exploit the  in-memory capabilities of the  SAP HANA database. Although SAP presents SAP S/4HANA  as a new  platform that  introduces some  radical  changes to  the  architecture of the SAP system, it isn’t  a completely different product requiring a system reimple- mentation. Rather, SAP S/4HANA  builds on  the  well-proven functional base  of the  SAP Business Suite  and  can  be  introduced in  an  evolutionary, gradual, and selective way into  an existing SAP environment.

SAP S/4HANA  is revolutionary in  that  it  brings in  transactional simplicity, advanced analytics, innovation, and  enhancement of the  functionality as compared to  traditional SAP ERP. SAP S/4HANA  provides a complete rewrite of SAP ERP code  phased by functional area  and  moves some  application code  to the  database layer  as stored database procedures. It provides a new  data  model by removing old  tables, aggregate tables, and  index tables to  create fewer columnar-based tables and  deliver a real  single  version of the  truth. SAP S/4HANA  is designed with an SAP Fiori integrated user experience (UX) that  provides users  with instant insight and  works on  any  mobile device. It offers  real-time operational analytics on  the  SAP ERP platform, reducing the  data  latency apparent with  SAP Business Warehouse (SAP BW) reporting. Via integration to  the  Internet of  Things  and business networks, SAP S/4HANA  enables real-time collaboration (machine-to- machine, SAP Ariba Network, Concur) in the networked economy. SAP S/4HANA can  be deployed using  the  SAP HANA Cloud  Platform and  DevOps platform for extensions.

The Key Benefits of SAP S4 Hana Finance :

1. Providing real-time reporting and single version of the truth via SAP Fiori apps, SAP HANA Live, and  the  Universal Journal

  2. Bringing many data  sources from  inside and  outside the  business into  the  SAP  HANA platform for real insight

  

3. Building business rules  in the  platform, including embedded analytics, to create new  optimized and  innovative business processes

  

4. Optimizing and  simplifying the  business model (e.g.,  embedded SAP BPC for

S/4HANA Finance), including removal of unnecessary steps  and batch processing

 5. Using a simplified user  interface (UI) via SAP Fiori to provide real-time insights

WHAT IS SAP HANA ?

SAP HANA stands for (High-Performance Analytic Appliance) is an In-Memory Database. It is the advanced ERP Solution from SAP, and can be installed cloud or on premises.  It is a blend of both hardware and software due to which it incorporates various components such as

• SAP SLT or System Landscape Transformation
• SAP HANA Database
• SAP HANA Direct Extractor connection 
• Replication server 
• Sybase replication technology

SAP HANA Database is classified into two types such as:

• Row Store
• Column Store

• SAP HANA edition is classified into three types such as:
  • SAP HANA Platform Edition
  • SAP HANA Enterprise Edition
  • SAP HANA Extended Edition

TO BE CONTINUED............