The Digital Discovery Assessment (DDA) is used in the sales cycle to assess a customer's requirements and match them with the best SAP S/4HANA Cloud solution to fit their needs. This occurs in the Discover phase of the SAP Activate Methodology.
To make an SAP S/4HANA Cloud implementation successful, we need to move away from the traditional "Fit-Gap" on-premise mindset to the Fit-to-Standard Cloud mindset. The purpose of the Fit-to-Standard Analysis workshops is to confirm the scope identified in the Digital Discovery Assessment and gather configuration and customization requirements. To do this, implementation consultants demonstrate the SAP S/4HANA Cloud business processes to customer experts from each line of business.
Dawn Watts is an experienced SAP consultant and founder of Guided Tech Solutions: An SAP consulting company specializing in SAP Finance & Controlling. Dawn has led SAP project implementations and support teams in Finance & Controlling for 2 decades. She has experience working with financial, customer service, and manufacturing teams in the telecommunications, medical devices, flooring, industrial, life sciences, and energy industries.
SAP Central Business Configuration (SAP CBC) is a new tool that is used to configure a business process spanning different SAP cloud solutions from one central place. SAP CBC allows you to manage your configurations for SAP cloud implementations and ongoing operations centrally through Project Experience. We can initiate change anytime to make additions to your scope and organizational structure or make changes to existing configuration settings.
In S/4HANA 2022, SAP introduced a tool called “Organizational Flexibility in Financial Accounting” (also called “Organizational Change” or “Profit Center Reorganization”) which enables the changing of legal and management entities that are grouped according to organizational structures, master data and transactional data. This feature allows you to update the profit center assignment in master data, such as Materials, Assets, WBS Elements CO Orders, and creates transfer postings for selected balance sheet accounts and open payables and receivables. Watch this recorded webcast with SAP FI/CO Expert Paul Ovigele to learn the following:
- The various scenarios where Profit Center Reorganization is needed.
- How to use the “Manage Organizational Changes” app is to help you to split, combine, and replace profit centers.
- Which SAP Objects are affected by the reorganization.
- How you can navigate to related apps for organizational changes.
- Limitations of the “Organizational Flexibility in Accounting” feature.
To make an SAP S/4HANA Cloud implementation successful, we need to move away from the traditional "Fit-Gap" on-premise mindset to the Fit-to-Standard Cloud mindset. The purpose of the Fit-to-Standard Analysis workshops is to confirm the scope identified in the Digital Discovery Assessment and gather configuration and customization requirements. To do this, implementation consultants demonstrate the SAP S/4HANA Cloud business processes to customer experts from each line of business.
Globally, the technology space is changing fast and as such, the business enterprise systems are under immense pressure not only to keep up with these advances in technology but also the agile needs of business organizations and their desire to improve efficiency while simplifying business processes. It is with this regard that SAP embarked on a journey in 2015 to offer its customers new improved best practices, a simple and intuitive user interface coupled with faster processing speeds and embedded analytics powered by SAP S/4HANA. SAP, therefore, announced in 2015 that all its customers that the support for the SAP ERP will be ending by the close of 2025. According to a survey carried out by a market research firm IDC, 73 percent of surveyed businesses were planning to migrate into SAP S/4HANA, 18 percent currently deploying and 54 percent of SAP customers were planning to migrate in the next 3 years. Whether this is a sale strategy by SAP or not, we seek to evaluate what this migration means to the existing SAP customers and the expected changes.
To help organizations through the SAP ECC to SAP S/4HANA journey, ERPFIXERS and Winshuttle have joined forces for a webinar to discuss our views on the tools, tricks, and processes that can help companies.
Watch this webinar to understand the complex challenges and choices involved in making the finance transition from ECC to S/4HANA as smooth as possible.
The year-end close process is one of the important activities of companies. End users spend most of the time on reconciliations, collecting and validating the data from different components of the same company code or multiple company codes reconciling intercompany activities, reconciling accounts, and making necessary adjustments, finally producing the financial statements. Even today many companies are following outdated & poor closing processes using excel sheets. This paper is aimed to provide an overview on closing processes in SAP S/4 HANA, so companies can shorten the Accounting close and helps faster decision making
Period end closing is always a critical and high visibility item in any ERP. The timely and effective monitoring and control of period end closing is top most need for the finance department. For this purpose, you must process a sequence of interdependent steps diligently in a specific and well-defined order. Entities use various tools for this, ranging from excel to more sophisticated tools like SAP Financial Closing Cockpit, Blackline’s Runbook etc.
Attend this live Q&A with FI/CO expert Rogerio Faleiros to learn:
The things to consider when deciding whether to split COGS in the G/L Accounts.
How to map the original COGS account to the Cost Component Split Accounts.
A demo of the Cost Component G/L Split program and how to view the General Ledger postings.
The Reports that can be used to display the COGS documents that have been split.
Learn the basics of the Material Ledger in SAP S/4HANA! Explore processes such as actual costing, balance sheet valuation, and COGS valuation—and how they’ve changed since SAP ERP.
With their latest product, SAP S/4HANA, SAP is revolutionizing how we approach finance by re-architecting data persistency and merging accounts and cost elements. This book offers a fundamental introduction to SAP S/4HANA Finance. Dive into the three pillars of innovation including SAP Accounting powered by SAP HANA, SAP Cash Management, and SAP BI Integrated Planning. Find out about the new configuration options, updated data model, and what this means for reporting in the future. Get a first-hand look at the new user interfaces in SAP Fiori. Review new universal journal, asset accounting, material ledger, and account-based profitability analysis functionality. Examine the steps required to migrate to SAP S/4HANA Finance and walk through the deployment options. By using practical examples, tips, and screenshots, this book helps readers to:
- Understand the basics of SAP S/4HANA Finance
- Explore the new architecture, configuration options, and SAP Fiori
- Examine SAP S/4HANA Finance migration steps
- Assess the impact on business processes
This excerpt is from our friends at Michael Management Corp.
A few months ago, we received a live chat on our website asking if we had a list of all SAP transaction codes – we didn’t and so I wrote a blog where you can download all SAP tcodes. This blog turned out to be the most visited article of the year – who would have known?
Then recently someone asked me about this list on our Twitter feed, specifically, if our list also included the transaction codes for SAP’s newest release, S/4 HANA (it didn’t). So I went into our S/4 system and downloaded all transaction codes to an Excel spreadsheet and compared the 2 lists.
As a reminder, a transaction code in SAP is a shortcut to an activity. For example, AS01 is the code to create a new fixed asset master record, FB01 lets you post a financial document or use ME21 to create a purchase order, etc. pp.
You can see a complete list of all transaction codes by displaying the contents of table TSTCT – this is where SAP stores all tcodes and their description in all installed languages.
It turns out that there are about 7600 new transactions in S/4 (and that’s on top of the roughly 100,000 tcodes that exist in SAP’s ECC 6 release) …that’s somewhat surprising to me – I would have guessed a lot higher.
Anyway, download all new SAP S/4 transaction codes and take a look for yourself.
Once downloaded, play around with it – for example, you can search for the string /ui2/ (=user interface 2) to find all new Fiori-related transaction codes quickly.
I hope you’ll find the list useful and, as always, please comment below and share this post.
Cheers,
Thomas Michael
With their latest product, SAP S/4HANA, SAP is revolutionizing how we approach finance by re-architecting data persistency and merging accounts and cost elements. This book offers a fundamental introduction to SAP S/4HANA Finance. Dive into the three pillars of innovation including SAP Accounting powered by SAP HANA, SAP Cash Management, and SAP BI Integrated Planning. Find out about the new configuration options, updated data model, and what this means for reporting in the future. Get a first-hand look at the new user interfaces in SAP Fiori. Review new universal journal, asset accounting, material ledger, and account-based profitability analysis functionality. Examine the steps required to migrate to SAP S/4HANA Finance and walk through the deployment options. By using practical examples, tips, and screenshots, this book helps readers to:
- Understand the basics of SAP S/4HANA Finance
- Explore the new architecture, configuration options, and SAP Fiori
- Examine SAP S/4HANA Finance migration steps
- Assess the impact on business processes
With their latest product, SAP S/4HANA, SAP is revolutionizing how we approach finance by re-architecting data persistency and merging accounts and cost elements. This book offers a fundamental introduction to SAP S/4HANA Finance. Dive into the three pillars of innovation including SAP Accounting powered by SAP HANA, SAP Cash Management, and SAP BI Integrated Planning. Find out about the new configuration options, updated data model, and what this means for reporting in the future. Get a first-hand look at the new user interfaces in SAP Fiori. Review new universal journal, asset accounting, material ledger, and account-based profitability analysis functionality. Examine the steps required to migrate to SAP S/4HANA Finance and walk through the deployment options. By using practical examples, tips, and screenshots, this book helps readers to:
- Understand the basics of SAP S/4HANA Finance
- Explore the new architecture, configuration options, and SAP Fiori
- Examine SAP S/4HANA Finance migration steps
- Assess the impact on business processes
If there is any SAP topic that sends shivers down the spines of end users and experts alike, it is Material Ledger. There seems to be a lot of confusion around what is does, when you should use it and how to interpret its results. What's more, Material Ledger has integration points with several modules such as Financial Accounting, Profitability Analysis, Materials Management, Sales and Distribution and Production Planning, and therefore, it has a pervasive impact on the system.
View the Live Q&A with two Material Ledger experts, Paul Ovigele and Rogerio Faleiros, where you can see some of the most pressing questions such as:
The Business Information (BI) module is one of the most dynamically changing areas, both within the SAP world and externally. This is partially due to the increased need for real-time business metrics on multiple devices, the rise in mergers and acquisitions, and the evolution of SAP HANA-only systems, which opens up an array of possibilities.
Attend this live Q&A with two of ERPfixers' BI and SAP HANA experts, Dmitry Kuznetsov and Mani Chinnaiah, where you can ask your most pressing questions such as:
Is there a future for classic BW?
When is best to use BW and when S/4HANA Modelling?
What is the up-side of S/4HANA Analytics over native HANA Modelling?
How to "build history" in HANA
Does it save time to implement HANA-based Data Warehouse?
Is HANA Live fading away?
What team-training is advised in the BI area?
How is predictive analytics integrated in SAP?
How is the Internet of Things (IoT) handled in HANA Cloud Platform?
