SAP’s Janet Salmon provided couple webcasts on the new Smart Accounting solution, now in ramp-up, last week. I see this as a follow on to How HANA Impacts Product Cost Reporting – ASUG Webcast Part 1
The usual legal disclaimer applies:
Figure 1: Source: SAP
Things in the future are subject to change.
Figure 2: Source: SAP
Janet said that “Costing based CO-PA isn’t going away” but instead look at another alternative
Use cost elements to link CO-PA dimensions with accounts in FI
Figure 3: Source: SAP
Figure 3 shows the original designs started in R2 – transact, record, in a financial document and then report on it
However it became complicated as databases more complicated so built new views
SAP had a separate ledger for COGS, CO reporting PS reporting – separate tables in the system
The vision was to report on raw data.
Then SAP moved information to Business Warehouse, but for some customers it takes 8 hours to move from Material Ledger to BW
With this solution SAP now collects transaction data in one data stream and reports on that
Figure 4: Source: SAP
Figure 4 shows “one data stream, granularity” with a “nicer user experience” and you can “close on the fly”.
The future vision is consolidation on the fly
Figure 5: Source: SAP
Janet said that “speed coming back is radically fast”.
Smart Financials assumes HANA underneath with a code split of two blocks: SAP-FIN and ERP-FIN
Logistics stay same, industry solutions stay the same
Interface hasn’t changed
With HANA Live content, it puts views on tables on ERP – like BW extractors
She said this is leaner, like “putting data on the fly”
Reduce Reconciliation Effort
Figure 6: Source: SAP
Logical link is provided between FI and CO for one document view
It uses HANA Live to drill down
It becomes an account based structure
Figure 7: Source: SAP
Figure 7 should look familiar to everyone who has taken an Intro to SAP Accounting Course (including me). You can see there is no link between the FI and CO items.
Figure 8: Source: SAP
Certain requirements such as revenue postings and invoices can summarize in invoice but keep details in CO-PA
- Stop summarizing in FI
- Default in system is something to bear in mind
Key point made in Figure 8 is that FI and CO have the same level of granularity (they do not today)
Figure 9: Source: SAP
Figure 9 shows making a physical link between FI and CO now
Smart accounting is based on new general ledger
Sender receiver relationships usually cross FI
Part 2 is coming, where using the BI tools against the Smart Financials solution is shown, including Analysis Office.
Please note that SAP’s Vishal Sikka discusses BSEG and how we use it in this new Open SAP Course Course: An Introduction to SAP HANA by Dr. Vishal Sikka