So, what is SAP Simple Finance
SAP Simple Finance: the new ERP Financial Solutions portfolio built for SAP HANA, allowing “real-real-time” analytics at “most granular level” across all financial dimensions.
Companies today live in a cross road between how to adapt quickly to the growing complexity of the external conditions, and how to adopt to the new technologies in order to stay competitive on that front.
Fig. Trends shaping Finance today.
According to surveys from CFO.com, 76% of CFOs see a growing need to be more involved with operational business units, and 73% of CFOs say that finance executives say that long term strategic planning is the largest area of new demand. As well, 58% of the CFOs say that their company’s line-of-business managers have difficulty using finance information systems to identify and understand the data they need to make effective decisions.
Effectively, ERPs have become complex and not dynamic enough to satisfy the real-time information needs that CFOs currently need. There are still challenges with processes like real-time financial analysis, Financial Consolidation with subsidiaries, real-time treasury and financial risk management, month-end closing, and a response to those is already overdue.
SAP has come to the rescue again
SAP has come to the rescue again with an innovative approach to solve the current problems of Financial departments and CFOs by attacking the complexity in finance by re-building its global, comprehensive solution to take advantage of SAP HANA. With the resultingsimplicity, IT enables finance to operate more strategically. SAP Simple Finance was born.
Fig. Simple Finance attacks complexity by bringing simplicity.
What is SAP Simple Finance?
SAP Simple Finance is a comprehensive finance solution based on SAP HANA, which can be deployed in the cloud or on premise. Designed to be easy to use, it can deliver instant insight for finance professionals. It enhances the current finance solution portfolio from SAP, preserving its functional strength while enabling non-disruptive migration.
” SAP Simple Finance is one of the base-components of SAP S4HANA”.
Fig. SAP Simple Finance in a nutshell
SAP Simple Finance covers the following areas of finance:
Current situation of SAP Simple Finance
How has it been built?
SAP Simple Finance is a new version of SAP ERP Financial & Controlling, which has been rebuilt based on the SAP HANA paradigms in order to take full advantage of the possibilities offered by SAP HANA, and to get rid of any limitations of constrains coming from the disk based database paradigms, which no longer apply.
In this terms SAP Simple Finance has built a complete new data model for the SAP Financial modules, where all aggregates, sub-totals and consolidation tables have been eliminated. The new financial data model will contain the information relevant for Finance, Controlling and Profitability Analysis (CO-PA) modules.
The SAP Simple Finance user interface will be SAP Fiori, allowing personalized, modern and consistent user experience across the applications, and for any device (desktop, tablet, mobile).
What is the SAP Simple Finance offering?
With SAP Simple Finance, the FI, CO and CO-PA line items are stored at the same level of granularity and are linked 1:1. This facilitates an easy reconciliation and an harmonized internal and external reporting with drill-down to full detail across all dimensions.Reporting is not longer limited by application boundaries.
Value Proposition – How it adds value to the organizations?
Fig. SAP Simple Finance – Value-Proposition
Business Scenarios covered by Simple Finance
SAP Simple Finance helps simplify major real-time finance scenarios and solve typical customer pain points.
Fig. SAP Simple Finance delivers functionality accross all financial roles
SAP Simple Finance addresses Customer Pain-Points
SAP Simple Finance addresses CFO’s pain-points
SAP Simple Finance deployment models
SAP Simple Finance offers deployment flexibility:
Fig. SAP Simple Finance deployment options
SAP Simple Finance is however an application with a vocation of Cloud deployment, and most of the packages are only available on the cloud. However, hybrid models, mixing on-premise features and Cloud features are also possible.
Fig. SAP Simple Finance deployed on Hana Enterprise Cloud
Who could consider moving to SAP Simple Finance?
1. Net-New ERP Customers
Non-SAP Customers who want to replace their current ERP system or make a first-time commercial ERP implementation, preferably in the cloud.
2. Installed-base customers – ERP upgrade
Customers who want to upgrade their existing SAP ERP application, running on any database or on the SAP HANA platform
3. Installed-base customers
Customers with complex, multi-ERP system landscapes or a lot of M&A activities, or customers unable or unwilling to upgrade.
Customers who want a next-generation cloud ERP system for a subsidiary.
SAP Simple Finance possible adoption steps
Fig. Possible adoption steps for SAP Simple Finance
Immediate Benefits for Finance by Early Adopters
“Already more than 100 SAP Simple Finance customers”.
Immediate Benefit for Finance by Early Adopters