SAP
S/4

SAP S/4 is the revolutionary new development of SAP’s successful ERP software R/3 and fully encompasses an enterprise management platform with numerous modules for business functions.

As an SAP partner and expert in the financial services industry, ADWEKO advises and supports you in the successful design, development and implementation of SAP S/4HANA Finance and enables efficient use of SAP’s innovative best-in-class solution.

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INTRODUCTION OF THE CENTRAL FINANCIAL ACCOUNTING MODULE

IMPLEMENTATION OF THE CENTRAL FINANCIAL PLATFORM

INTEGRATION OF THE CENTRAL SUB-BOOK FPSL

 

Introduction

As the central module for the finance function, SAP S/4HANA Finance enables the CFO to manage the finance department quickly, flexibly, and with foresight in line with the digital economy.

SAP S/4HANA FINANCE

SAP S/4HANA Finance uses the modern in-memory database technology SAP HANA and thus ensures fast and efficient action of the modern finance function.

The solution is not limited to financial accounting, but also includes management accounting/controlling, financial planning and financial reporting.

  • Implementation of the central financial accounting module SAP S/4HANA Finance
  • Design and implementation of a fully comprehensive finance platform with SAP S/4HANA and FSDP for the most efficient use of SAP S/4HANA Finance
  • Implementation and integration of the central subledger for financial products SAP S/4HANA for Financial Products Subledger (FPSL) in S/4HANA Finance

THE UNIVERSAL JOURNAL

The Universal Journal is the ‘single source of truth’ for internal and external accounting in S/4HANA Finance. At the same time, it serves as the central basis of a fully integrated accounting system.

The Universal Journal stores all financial accounting postings and actual controlling postings in a comprehensive line item table (ACDOCA), with aggregation of totals on-the-fly. Compared to the sometimes complex reconciliation of line item and summary table data in the past, SAP S/4HANA standardizes the mapping, structure, and granularity of financial data. The effort for reconciliations of data is reduced considerably.

ADWEKO presents the possibilities and potentials that can be opened up for your company by efficiently merging internal and external accounting in S/4HANA Finance.

MAIN & SUB-BOOK

SAP S/4HANA for financial products subledger (FPSL) is the new SAP solution for efficient subledger accounting for financial products and replaces the previous SAP Bank Analyzer solution smartAFI.

FPSL’s approach to seamless integration with S/4HANA Finance provides numerous opportunities for your finance process – from the posting logic of individual financial products to the aggregation of data at the general ledger level. Already now there is direct access to master and transaction data (by drill-down / drill-through), GL documents are not stored redundantly and the Universal Journal enjoys synchronous updates.

ADWEKO analyzes with you and shows you ways if and how you can redesign or optimize your financial processes in general ledger and sub-ledger by the interaction of SAP S/4HANA Finance and FPSL.

We make ‘continuous accounting’ a reality. Whether hard close, soft close, fast close or predictive close – S/4HANA Finance is your solution. The necessary closing time (time to close) is reduced and the change time (time to change) comes to the fore. SAP S/4HANA Finance not only offers a modern, fast and efficient approach for classical or regulatory required monthly, quarterly or annual financial statements (hard close). In addition, soft closures, i.e. snapshots of the current financial situation, can be created within a very short time on the basis of figures from trial balances (lists of totals and balances) and management reporting (controlling). In particular, by bundling data from Financial Accounting and Management Accounting, you reduce the reconciliation effort for the closing period.

ADWEKO helps you to reduce both closing and change times and shows you ways to use the new possibilities of Continuous Accounting in your company.

THE FLEXIBLE LEDGER CONCEPT

The S/4HANA Finance Ledger concept enables the use of parallel multi-GAAP accounting to meet the accounting principles relevant to your business.

PARALLEL-LEDGER

The parallel ledger concept makes it possible to depict different accounting standards (e.g. HBG, IFRS, US-GAAP etc.) in parallel. Each of the parallel ledgers represents a specific accounting view. Valuation and closing operations can thus be carried out individually according to accounting standards. With S/4HANA, you comply with your underlying accounting standards simultaneously, without the need for redundant data storage.

EXTENSION LEDGER

S/4HANA introduces the enhancement ledger, which can be used to post delta value approaches. This leads to a significant reduction of redundant data compared to the past. Whereas previously a separate ledger was required for each accounting standard, even if the differences were sometimes very small, the enhancement ledger makes this obsolete. In the case of similar value approaches for parallel accounting or for mapping additional views of the data (e.g. in the context of management reports), S/4HANA Finance offers the option of a lean enhancement ledger instead of a complete ledger.

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