Implementing SAP Simple Finance SAP Blogs. Much has been published about SAP Simple Finance since its official announcement by Bill Mc. Dermott at SAPPHIRE NOW 2. Now a couple months later, customers are moving from What are you talking about to How do I implement itA Refresher on SAP HANABy now you should have heard about HANA, SAPs appliance that combines hardware packed with tons of processors and memory, a purpose built operating system and the latest database architecture design. ASUS 19. 5quot Touchscreen Portable Computer AllinOne PT2001 4th Gen Dual Core i5 Roll over image to zoom in ASUS 19. 5 Touchscreen Portable Computer AllinOne. Much has been published about SAP Simple Finance since its official announcement by Bill McDermott at SAPPHIRE NOW 2014 1. Now a couple months later, customers are. SAP Functional Application, Basis and ABAP4 Books. Implementing SAP Successful SAP R3 Implementation Practical Management of ERP Projects. Enterprise Management. The SAP HANA Reference for SAP Basis Administrators SAP HANA Commands and Command Line Tools and SQL Reference Examples for NetWeaver Basis Administrators. SecurityStudy. The result is a solution that can read through millions of database records in milliseconds. This amazing performance could be highly useful in all applications that handle very large quantities of detailed transactions, such as most of Finance FI and Controlling CO. This brainchild of Hasso Platner, founding member of SAP and chairman of the Supervisory Board since 2. SAPs ECC coding, starting with the FICO modules. Sven Ringling is a consultant and the UK director of iProCon www. iprocon. com, an SAP SuccessFactors, SAP ERP HCM, and Concur consulting partner. Express Helpline Get answer of your question fast from real experts. The 3638323 to 1605548 a 1450464 of 14434154 in 1270284 on 508384 that 503295 is 492114 said 487849 with 423779 at 408185. There, volumes of transactions are so large that developers have spent the last few decades optimizing with aggregates based on time, headerline item, hierarchies, indexes and archives. Last year, Hasso initiated the redesign of FICO to leverage the power of HANA. 2Why Does Finance Need SAP HANA The Old ERP World. In a traditional ERP environment like SAP ECC, accountants handle incoming documents on a daily basis and record them into the system. If the document is related to Primary Costs for instance, both the line item COEP and the totals COSP tables will be updated. Frequently, managers will run reports reading the aggregates or index tables to analyze these primary costs and then drilldown to the line items for details. In this case, users need access to both tables. This architecture accesses less data at a time and therefore is better suited for an environment where the database is a bottleneck. JD1Reports and database access in a traditional ERP environment. The Ideal World. Given the potential performance of HANA, we can easily identify redundancies. Imagine now a perfect environment in which the performance of the database is not limited, and totals can be calculated on the fly. In this case, the aggregate table wouldnt be needed. Reports and database access in an ideal ERP environment. Looks much cleaner, right This can easily be achieved by extending the line item tables with all the fields from the header table. This removes the need for all the redundant aggregate tables and index tables. With HANAs column store architecture, the line items can be retrieved quickly and aggregated on the fly. Imagine how your database could be slimmed down by removing all totals and indices, and the potential performance gains in both the data entry and analysis tasks Unfortunately, this ideal world has some limitations. First, all the reports and programs would have to be rewritten to select from line item tables instead of aggregates, which, in SAPs case, could easily take years. Second, some information cannot be stored as a line item but requires a summary level. For instance, imagine a customer requiring a purchase order for 1,0. Every month, the manager needs to know how many were sent simple sum on shipment line items and how many are left. If only the line item table exists, the following questions arise where shall the required quantity be storedWhere can it be decremented These may sound like exceptions, but they are, in fact, very common for all planning scenarios or setting targets, usually done in some form of aggregates like a cost center group, cost element group, product line or customer family, as well as all the WIP Work In Process transactions. For these, a single line item table wouldnt be sufficient. Simple Finance The Hybrid Approach. In order to solve this double issue redoing the programs and values on summary data, the SAP development team came up with an hybrid architecture, in which the line item values and the summary specific values  are separated into different tables, and then combined into a consolidated view. Reports and database access in S FINIt is very important to understand that these new views technically called CDS Views will be automatically generated by Simple Finance during installation and guarantee the continuity of all existing programs, standard variance, assessments, settlement, etc. or custom, while reducing the database footprint and boosting the overall performance. As Hasso Platner said himself in his blog It is the by far the biggest improvement in the history of SAPs enterprise systems. 3Multiple Implementation Scenarios. The new Simple Finance platform will enable companies to implement new scenarios, depending on their priorities Significant reduction in reconciliation efforts Real time processes that eliminate bottlenecks during financial close Next generation user experience. Reduction in Reconciliation Efforts. As we saw earlier, removing the totals tables speeds up all financial process, and the critical period end close is no exception. But the redesign of the core didnt stop there. Indeed, accountants spend a lot of time during the short period end window reconciling FI and CO. A typical case is the rework needed when corrections are done in the ledger and subsequent cost allocations have to be reverted and reprocessed. In order to avoid this situation, the FI and CO documents have been merged 1 1 at the line item level into a so called Logical Document. With this new architecture in place, the internal and external reporting is harmonized, and the reporting and analysis can be performed with more flexibility given the smooth link between FI and CO. From separate FI and CO documentsto the Unified Logical Document Source SAPFor instance, every company running account based CO PA needs to collect FI documents at the end of the period and use them to perform managerial accounting activities like top down distribution. Companies spend huge amounts of time reconciling between CO PA and FI GL4. Thanks to the Logical Document introduced with Simple Finance, the account based CO PA integration mechanisms can be used in real time there is no need for reconciliation anymore and several steps can be skipped at each months end. However, be aware that Simple Finance does not yet support costing based CO PA. Essentially you have the old reconciliation records with real CO PA dimensions, said Janet Salmon, Solution Manager for Simple Finance. Real time Processes that Eliminate Bottlenecks during Financial Close. What makes the financial close so complex is the sheer number of processes to run, as well as their interdependencies. From a high level, the financial ledger needs to be closed, then all orders need to be settled and their WIP calculated, and finally, the cost allocations need to be performed in order to calculate customerproductcorporate profitability before data can be exported to the data warehouse for reporting and analysis. That has to happen for all entities before moving to the corporate level. Only after this long process that leads to the publication of reports, can any error or discrepancy be found. Potentially, several of the batch programs might need to be reverted and rerun until everything matches up correctly. Traditional financial close vs.