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Since the official release of SAP Simple Finance during SAPPHIRE, there has been tremendous interest in the latest SAP Finance solution offering. Join this webinar to get a quick overview of SAP Simple Finance and SAP Accounting powered by SAP HANA including the simplifications and innovations this solution offers, the underlying technical components, the prerequisites and deployment options available.
Citation preview
© 2014 ERP Corp. All rights reserved.
What is SAP Simple Finance?
Carsten Hilker
SAP
Introduction
3
• Since the official release of SAP Simple Finance during SAPPHIRE, there has
been tremendous interest in the latest, next generation SAP Finance solution
• We’ll cover:
• A quick overview
• Simple Finance, SAP Accounting powered by SAP HANA, Central Journal scenario
• Simplifications and innovations
• Technical components and prerequisites
• Deployment options
• Make sure to join / attend:
• Controlling 2014 September 21-24 San Diego
• Financial Excellence Forum, October 7-8 Philadelphia
• Customer Engagement Initiative: Simple Finance / Central Journal
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 4
AlignedSingle Source of Truth
Provide one-stop access to all financial and non-financial data
Ensure harmonized data without manual reconciliation
Enable flexible data drill-down to actionable information
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 4
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 5
One data instance as common basis for Transactions, Analysis, and Reporting
• A single data copy in a shared data model
• Aggregation of elementary records in real time
• From serial processes to event driven collaboration
• Various copies of data in different data models
• Inherent data latency and alignment issues
• Serial processes to ensure data quality
Separation of Transactions, Analysis, and Accelerated Reporting
SAP HANA(DRAM)
Transact Analyze Accelerate
Cache
SAP HANA Enables a Single Source of Truth
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 5
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 6
Architecture of SAP Accounting powered by SAP HANA
LogisticsDocument
CODocument
FIDocument
Totals & Indices
Financial Accounting
Totals & Indices
Management Account.
From … Stability
Processing
Analytics
CO Document
FI Document
Flexibility
Aggregation on the
fly
via HANA views
Pre-Defined Aggregates
Flexibility
Stability
Processing
AnalyticsLogical document
LogisticsDocument
… To
Customer Benefits
• Harmonized internal and external reporting
• Higher flexibility in reporting and analysis
• Significantly reduced reconciliation effort
• Significantly reduced memory consumption
• Central journal for heterogeneous system landscapes
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 6
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 7
FI
SAP HANA Live (Virtual Data Model – Logical Documents)
CO CO-PAMaster
Master Data
Web Dynpro
Fiori AppsBusinessObjects BI
Physical Documents
Reporting Interfaces
Embedded BW (queries)
Reporting Architecture
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 8
Reporting with Fiori Applications
Lab preview
Customer Benefits
• Reporting of the Financial Statement, Balances, Line Items
• Simple and easy to use experience
• Work seamlessly across devices – desktop or tablet
• Collaboration functionality
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 9
Discovery and analysis
Lumira
Explorer
Analysis for Office / for OLAP
Discover. Predict. Create.
Dashboards and apps
Build engaging experiences
Reporting
Crystal Reports Web Intelligence
Share information
Design Studio
Dashboards
Reporting with SAP BusinessObjects Business Intelligence
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 10
Reporting and Analysis Flexibility
User-defined reporting
• Users can explore data on the fly by restricting financial statements to self-defined data sub-segments
• SAP will continue to provide standard reports but with focus on frequently used reports
Available information
• All record dimensions can be used for segmentation
• Unrestricted selection of multiple dimensions for segmentation
• Customer-specific dimensions can be easily added and are available for segmentation *
* planned
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 11
Harmonized Internal and External Reporting – Example WIP
Customer Benefits
• Insight into the “work in process” accountin the balance sheet
• Detail by production orders not finished at period-end
• Drilldown to deeper levels like cost elements
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 12
Significantly Reduced Reconciliation Effort
Obsolete – Reconciliation of multiple ledgers ** – because redundancy has been
eliminated
Obsolete – Reconciliation Ledger ** – due to real-time integration from CO to
FI
Obsolete – Reconciliation of totals vs. line items – because totals are dropped
Obsolete – Reconciliation of OLTP and OLAP – due to real-time analytics on OLTP
Drastically simplified – FI versus CO – due to 1:1 link on line item level
Drastically simplified – FI versus CO-PA * – due to link to CO-PA characteristics
table
Faster financial close and lower costs
* for account-based CO-PA and primary cost elements ** already available with New G/L in SAP ERP
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 13
Significantly Reduced Memory Consumption
HANA data base compression
No more persistent indices and aggregates/totals
No replication to OLAP system for operational reporting
Lower TCO and higher through-put
18,5xSmaller data footprint observed based on real customer data
Lab preview
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 14
AgileReal time finance processes
Run event-driven processes with real-time execution
Provide instant insight to action based on real-time information
Enable comprehensive process oversight and risk management
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 14
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 15
The Real Time Process Revolution
Process status analytics
Transaction
monitoring
Control and risk analytics
Real-time process oversight
Personal
analytics
Elimination of
batch execution
Real-time
reporting
Intra-period
simulations
Continuous intra-
period execution
Acceleration of
bottleneck steps
Instant insight to
action
Real-time processexecution
ContinuousProcess
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 16
Financial Close: Transition to Continuous Processing
Processes designed for real-time operations eliminate close bottlenecks
Real-time analytics for process oversight
Close processes involve >100 tasks per entity with complex dependencies and batch bottlenecks
Benefit Drivers• Eliminate end of period batch bottlenecks
• Continuous intercompany reconciliation
• Continuous financial reporting visibility
• CO-PA & line item detail reconciliation
• Automation for routine tasks
• Full management visibility of close tasks
Challenges• Multiple batch run dependencies
• Batch bottlenecks delay downstream activities
• High error correction efforts
• Complex issues delayed till post close
• Time pressured resolutions
• Delayed visibility to reporting
EntityClose
CorporateClose
Period End Close
Within the period
Traditional Financial Close
Reporting on-demand
Financial Close on SAP HANA
Within the period Period End
Close
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 17
Financial Close: Intercompany Reconciliation on the Fly
FBICR3Reconcile Documents
FBICS3Select Documents
FBICA3Assign Documents Automatically
ObsoleteObsolete
Real Time Processing
New user experience Improved data drill down
Reduced time to close books• Improved and
accelerated automated matching
• No more batch jobs, real time analysis supports continuous intra-period process execution
• Improved user experience and enhanced data drill down reduce manual reconciliation effort
• Better process oversight through new management dashboard
Next Gen User Experience
Fully Renewed User Roles
• General Ledger Accountant
• Cost Center Manager
• Collection Specialist
• Credit Manager
More roles planned to follow
LAB PREVIEW
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 18
Transactional
Insights to Action Search and Explore
SAP Smart Business Factsheet
Task-based Access
*
Next Gen User Experience – Types of Fiori Applications
Transaction Fiori Applications – Examples
20
Collections Worklist
Lab preview
Prioritize activities automatically based on collections strategies
Track progress against daily collections goals
Trigger reassignment of items to balance workload Process Receivables
Dive deep into details of customer account
View receivables aging information
Capture and track customers’ promises to pay invoices
Lab preview
Smart Business Cockpits
Available Cockpits for
• Financial Close Manager
• Receivables Manager
Planned Cockpits for
• Chief Financial Officer
• Cash Manager
• Payables Manager
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 21
LAB PREVIEW
SAP Smart Business for Financial Close
• Cockpit to monitor the progress of the entity close via KPI’s, also on a mobile device
• Analyze the completion rate of closing tasks by multiple dimensions like region, country, company, milestone, working day, etc.
• Monitor the tasks delayed and tasks in error with easy collaboration to respective task owners
• Analysis of historic closing cycles
• Solution shall expanded to other SAP solutions for the financial close
New Solutions for Real Time Receivables Management
SAP Receivables Manager
supporting the Receivables Manager in Finance to monitor a continuous process
SAP Customer Financial Fact Sheet
enabling sales representatives to resolveopen issues directly with the customer
Real time
Introducing SAP Cash Management powered by SAP HANA
LAB PREVIEW• Analyzing global bank
balances and cash positions based on data from SAP and non-SAP systems
• Integrated liquidity forecasting including cash flow analysis using multi dimensional real-time analytics
• Central Bank Account Management including overdraft limit analysis, bank risk analysis, signatory management and workflow support
• Smart Business for Cash Managers, a cockpit to monitor critical KPI’s, also on a mobile device
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 25
Easy Migration to SAP Accounting powered by SAP HANA Install Financials add-on for SAP
ERP 6.0 EhP 7
Compatibility of new accounting solution with other SAP ERP modules*
Current SAP ERP processes and reporting run on new accounting solution with little or no changes
Migrate to new solution at any month end with low effort
* SAP Accounting powered by SAP HANA does not provide all capabilities of current FI/CO
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 25
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 26
SAP Business Planning and Consolidation 10.1
• Unification of current BPC and BW capabilities in a single model for planning and consolidation
• Unified models based on BW meta-data utilizing proven data harmonization services provided by BW
• Seamless integration with SAP Accounting powered
by SAP HANA (no data replication, business content)
• End-user centric plan configuration and planning capabilities (incl. UI) provided by BPC NW 10.1
• Support for integrated business planning, dynamic modeling and simulation
• HTML5 UI support for device-independent planning
SAP HANA Platform
SAP ERP / 3rd party ERP
SAP NetWeaver /SAP Business Warehouse
EPM Excel Add-in / Analysis for Office / HTML 5 Web UI
SAP Business Planning and Consolidation 10.1, version for SAP
NetWeaverBPC NW and BW-IP come together in Unified BW-based
model
SAP Planning and Consolidation
BP
CB
W
LAB PREVIEW
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 27
Architecture for Integrated Business Planning
SAP HANA PlatformSingle source of truth
SAP ERP SAP BPC
BW
Additional customer benefits
• Fully harmonized master data and data between accounting, planning, and financial risk management
• Seamless integration of planning into SAP ERP user interface and workflows
• End-to-end simulation capabilities
Shared data and methods
• Master data (e.g., cost centers)
• Planning model
• Actuals, plans, budgets, forecasts
• Planning engine
• Entry of transactional and master data
• Variance analysis actuals vs. plan
• Entry of planning models and plan data
• Flexible reporting and analysis of actuals
LAB PREVIEW
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 28
Architecture for Integrated Business Planning – Detail
HANA Views
ERP Tables: Actual Data
MultiProvider
VirtualProvider
HANA Views
InfoObjects
In-Memory Cube:Plan Data
ERP Tables: Master Data
SAP Accounting powered by SAP HANA
SAP Planning and Consolidation 10.1
Same Architectural Design as Actuals• Single Planning application
resulting in real time plan integration
• Fully supports top down / bottom up at desired level of detail
• Pure Line Item Data Storage • FI and CO Dimensions
combined into a single record• 100% Account based
planning concept - even for CO-PA plan data.
• Shares Master data directly with SAP ERP
• Can apply standard ERP derivation logic.
LAB PREVIEW
© 2014 SAP AG or an SAP affiliate company. All rights reserved. 29
Example: Integrated Financial Planning
• Single planning solution for group P&L plan and individual cost center plans, fully embedded in ERP
• Real time access to ERP master data and actuals
• Planning for years or entire account segments and disaggregation to periods and individual accounts
Plan data from departmental plans roll up into group plan in real time, no batch updates required
Account
s
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 30Public
ERP
Central Journal Whiteboard
A traditional BW option also does not allow for central transaction execution, shared use of data between transaction processing, planning, consolidation and reporting, or process optimizations
BWERP
source system(s) central BW system
process optimizations
reporting
business transactions
latency, aggregation
shared data, planning / consolidation features
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 31Public
Central Journal Whiteboard
A consolidation ledger also does not allow for central transaction execution, shared use of data between transaction processing, planning, consolidation and reporting, or process optimizations
ConsolidationLedgers
like HyperionERP
source system(s) consolidation ledger
process optimizations
business transactions
latency, aggregation
reporting, consolidation shared data, planning / consolidation features
ERPERP
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 32Public
ERP
plan
, co
nsol
idat
e, r
epor
t *
* requires respective SAP products and licenses
Central Journal Whiteboard
Central transaction execution, shared use of data between transaction processing, planning, consolidation and reporting, or process optimizations with central journal
Suite on HANA
SAP HANA(platform)
ERP
source system(s) central journal instancesource system(s)
FinancialAdd-ons
process optimizations
business transactions
consolidated financial reporting shared data, planning / consolidation features
Real-time
Reconciled
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 33Public
Value Driver: Central process execution
Accounting and Financial Close
Financial Planning and Analysis
Treasury and Financial Risk Management
CollaborativeFinance Operations
Enterprise Risk and Compliance
Management
CollaborativeInvoice to Pay
Travel Management
Receivables Management
Enterprise Risk Management
Controls & Compliance Management
Access Governance
Accounting
Entity Close
Corporate Close
Develop and Translate Strategy
Planning, Budgeting and Forecasting
Profitability and Cost Analysis
Payments and Bank Communications
Cash and Liquidity Management
Debt and Investment Management
Monitoring and Reporting
Reporting and Disclosure
Financial Close Governance
Commodity Risk Management
Shared Services Framework
Financial Risk Management
International Trade Management
dark blue = prime candidate (straight-forward, few customizing or MD requirements), light blue = customer option (more difficult, higher customizing and MD requirements, closer to logistics processes / operational nature, grey = not applicable or recommended
Fraud Management
Audit Management
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 34Public
Value Driver: Central execution (process categories)
Financial reporting Management reporting Tax reporting
Master Data Governance Group cash management Planning and Budgeting Treasury Management Risk Management Fraud Management Shared Services Travel Management
Intercompany Cash Management Receivables Management Billing & Invoicing Collections Management Dispute resolution Payments processing Accounts Payable Bank Communication
Reporting Analysis / Processing Optimization
Customer Engagement Initiative: Simple Finance / Central Journal
35
https://influence.sap.com/ct/s.bix?c=55C80A75-EBD7-481B-A4B6-6C2F8C214248
Contact [email protected] to participate
Upcoming Events for SAP Controlling Professionals
• Financial Excellence Forum• October 7 – 8, 2014• Newtown Square, PA• http://fm.sap.com/1mobile/
SECHPE512_38870_ban.htm
36
• Controlling 2014 • September 21-24, 2014• San Diego, CA• http://
controlling2014.erpcorp.com/
Don’t miss out
register today !!!
Disclaimer
SAP®, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver®, Duet®, PartnerEdge, and other SAP® products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. ERP Corp is neither owned nor controlled by SAP.