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.
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.
In a recent survey conducted by APOS, a prominent SAP partner, 80% of BusinessObjects (BOBJ) customers participating in a BOBJ regroup webinar indicated that they were in the process of migrating from their current BOBJ version or at least had migration plans within the next few months.
From trending YouTube videos discussing the future of SAP BOBJ developers to SAP's latest Business Intelligence (BI) statement of direction released in April, it's only natural to have concerns about the current state of SAP BOBJ.
The new General Ledger on SAP S/4HANA or ECC has certain advantages over Class GL. Examples: usage of parallel ledgers, Document splitting, Profit Center Financial statements, Segment' reporting that is required for segment reporting according to IAS and U.S. GAAP, etc. In addition, Customers can enhance the new General Ledger flexibly, that is, they can enter user-defined fields and update the relevant totals. Many standard reports can evaluate the information from the user-defined fields. Customers can use the 'Document Splitting' functionality to create financial statements at the company code level and, if required, for entities, such as the segment. As a result, we no longer have to carry out time-consuming reconciliation tasks between FI and CO for the end of the period since cross-entity processes are transferred in real-time to the new General Ledger in Controlling.
Starting from 1709, In new installations of SAP S/4HANA, the new General Ledger Accounting is activated by default. The existing ECC customers moving from SAP ECC to SAP S/4HANA will also get new GL automatically. As a result, ECC customers will also move to New GL on SAP S/4HANA Conversion. However, they cannot implement document splitting or a further accounting principle/ledger during the conversion project. The architecture of the accounting module in SAP S/4HANA from the 1709 version is based on the concept of the former "New GL". The concept of the Subsequent Implementation of Document Splitting in SAP S/4HANA differs from the Migration Scenario 6 of the "New GL".
Customers moving to the Intelligent Enterprise come from a variety of backgrounds and have different end goals. RISE with SAP is designed to address unique customer scenarios. RISE is a Business Transformation as a Service. RISE with SAP supports customers in Modernizing - on the best cloud infrastructure to achieve the lowest possible TCO, Standardizing - on the best intelligent suite to drive process efficiency and scale, Digitizing - on the best transformation platform to innovate faster than your competition
If you are new to SAP, you might feel overwhelmed by the amount of information available online. How do you know which sites are reliable, up-to-date, and relevant to your needs? As an SAP Consultant myself, this is one issue, I myself have been plagued with. After years of skimming the web, I decided to compile a list of helpful sites I would recommend as go-to for SAP resources. Whether you are searching for tutorials, blogs, forums, podcasts, or courses, these sites will help you learn SAP faster and easier.
SAP offers multiple pathways to implement SAP S/4HANA latest release. One pathway is Central Finance. A typical use case is customers with different release of SAP systems or non-SAP system can leverage SAP S/4HANA features by implementing Central Finance. SAP offers SAP Central finance solution. a deployment option, to leverage latest innovations of S/4HANA by replication of posting data from different ERP systems to central finance system without disturbing the existing ERP systems. The source system can be SAP, non-SAP systems or customized home-grown systems. There are several advantages with this approach such as shared services, advanced segment/group reporting, and transform business processes to SAP S/4HANA quickly. In addition, Central Finance provides companies with an opportunity to harmonize master data on the fly and enable fast closing.
In this recorded session, you will learn key considerations of General ledger in central finance with FI/CO expert Anand Seetharaju:
- Introduction to Central Finance
- What do you need to know about parallel ledgers when implementing central finance?
- What document splitting features available with Central Finance?
- Key currency considerations you must know.
- Chart of accounts considerations
- Key takeaways
- References
Are you aware of the changes to the Controlling module with S/4HANA? Is your SAP Controlling implementation optimized to make the most of the available functionality? Are you taking advantage of the integrated nature of the SAP system and making the most out of this module?
Watch this recorded session with ERPfixers and SAP Controlling Consultant Ashish Sampat where you can find answers to questions such as below:
- What are the important changes in Controlling under S/4HANA that I should be aware of?
- Which cost allocation method is better - Distribution or Assessment, when should I use one versus another?
- What are the different standard costing methods that are available for use, and under what circumstances should they be used?
- How does one go about correcting various error / warning messages encountered during costing?
- What are the different cost objects that are available for use in SAP Controlling?
- Under what circumstances should I go about automating WIP, Variance and Settlement jobs?
- What various design options can we use to add freight and other incidental costs on procured materials?
- How can we link and analyze Movement Types (in Materials Management) to GL Account (in Financial Accounting)?
- How to separate GR/IR for Intercompany transactions?
John and Janet’s new book, on publication Jan 26, 2023, immediately entered the SAP Press Bestsellers top ten. The first edition in 2007 was the first-ever book on SAP Controlling (CO), which explains SAP CO in an easy-to-understand way and has continued to attract positive feedback from our SAP Controlling community.
The 2nd edition was released in 2011 with a revised and improved layout and new content based on SAP ERP 6.0, continued as a bestseller, and remained in the SAP Press catalog.
To completely transform the book to the latest SAP S/4HANA version, John asked Janet Salmon, Chief Product Owner of Management Accounting at SAP SE, to co-author with him. They have included S/4HANA version 2021 screenshots and content throughout the book and S/4HANA version 2022 in the new chapter 7 on event-based processing, SAP Fiori Apps, and the future direction of SAP S/4HANA.
Chapter 7 discusses new options for variance analysis delivered with SAP S/4HANA Cloud when you use scope item 3F0 (Event-Based Production Cost Posting) and SAP S/4HANA 2022, with the business function for universal parallel accounting.
In this webinar, John and Janet present a chapter-by-chapter review of the updated contents and structure and, in the process, you'll gain an overview of SAP Product Costing.
Enterprise performance management (EPM) is now viewed as the seamless integration of managerial methods such as strategy execution with a strategy map and its companion balanced scorecard (KPIs) and operational dashboards (OPIs); enterprise risk management (ERM); capacity-sensitive driver-based budgets and rolling financial forecasts; product / service / channel / customer profitability analysis (using activity-based costing [ABC] principles); supply chain management; lean and Six Sigma quality management for operational improvement; and resource capacity spending planning. Each method should be embedded with business analytics of all flavors, such as correlation, segmentation, and regression, and analysis; and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions. This presentation will describe how to complete the full vision of analytics-based enterprise performance management.
This article will discuss an overview of analytics in the modern SAP digital economy, SAP's embedded analytics Strategy, the VDM model, and examples and use cases of Embedded Fiori Applications.
The Modern SAP Digital Economy
SAP’s Embedded Analytics Strategy
The VDM model
Use Cases For Embedded Fiori Applications
Customers moving to SAP S/4HANA come from different backgrounds and have different end goals. RISE with SAP is designed to address unique customer scenarios. RISE is not a system upgrade, it's a redesigned method of working that allows customers to change not only once, but to continuously transform. Rise with SAP simplifies a customer's move to the cloud and helps throughout their business transformation journey. RISE with SAP delivers seamlessly with SAP partners, Hyperscaler partners, the Reseller community, and Software partners. RISE with SAP is designed to help SAP customers.
Cost components break down the costs of a material across the entire production structure into material costs, production costs, material overhead, production overhead, and other costs. However, this breakdown has not been available in the General Ledger before SAP S/4HANA. By utilizing a Custom Enhancement, the Cost Component Split by G/L Account can be available in the ECC system as well. This will provide suitable transparency about cost drivers in the General Ledger, particularly for companies that do not plan an S/4 conversion for a few years, and also positions them with a Splitting Structure that is compatible for an eventual S/4 Conversion. This functionality can be used to split cost components for COGS accounts as well as Inventory accounts and Production Variances, among others. Also, this functionality can be used whether a company uses Material Ledger or not.
Watch this recorded webcast with Controlling expert Rogerio Faleiros to learn:
- Splitting of COGS Accounts based on cost component split.
- Splitting of Ending Inventory based on cost component split.
- Customizing of accounts and posting scenarios.
- Enhancement of program to include Cost Component split for other accounts, such as Scrap, Consumption, Production Variance, etc.
- Viewing Enhanced Drilldown Reports for Product Costing and Material Ledger
Transfer pricing is a widely used functionality which sets a price between affiliated entities. It is typically setup for cross border transactions and need to conform with the tax laws in the respective countries. In SAP, Material Ledger can be used to enable multiple Valuation Views that can include or exclude the impact of transfer pricing and intercompany profit. In this regard it is used as an internal mechanism that treats every transfer between different company codes as is they occurred within the same entity, by eliminating intercompany profit and reporting in a common currency.
Watch this recorded webcast with FI/CO expert Paul Ovigele, to learn the following:
- What needs to be set up for Transfer Pricing between Company Codes?
- How is standard cost calculated for Profit center Transfer Pricing?
- How does a Transfer Pricing Posting look in the Group Valuation View?
- How is profit in Inventory identified in an Intercompany Posting?
- What changes have been made to the Transfer Pricing process in S/4HANA?
As SAP ECC customers are planning to move to SAP S/4HANA they want to know how to get started.
Join ERPfixers and Dr. Ravi Surya Subrahmanyam in this recorded webcast to learn more about:
- An overview on SAP S/4HANA & SAP S/4HANA Finance
- SAP S/4HANA transition options
- Tools that support SAP S/4HANA transition
- SAP S/4HANA readiness check for SAP ERP usage and data profiling
- Process discovery for SAP S/4HANA Transformation (evolution of SAP Business Scenario Recommendations)
- Building a business case for SAP S/4HANA transition
To become a trusted expert and earn the "SAP Consultant" title, you must, in some way, have some validation to back your knowledge, skills, and expertise. One way to earn this validation is by getting SAP-certified!
