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Author's profile photo Angela Chance

Accelerating your move to the new SAP Simple Finance Add-on powered by SAP HANA

For many finance departments, data is plentiful – but running reports on it is a time- and performance-intensive process that slows down key finance activities. Too often, an organization’s existing functional and technical IT landscapes can no longer support growing requirements for external and internal financial reporting, accelerated period-end closings, and real-time views of the overall business.

Are your analytic and reporting systems challenged by large data volumes? Is it difficult to access and aggregate the finance and controlling data you need – which in turn slows down analysis, reporting, and compliance activities? Or does your finance department get bogged down by inefficient processes for period-end closings and other critical tasks? If so, you’re not alone. And given the volatility of current business environments, challenges like these can have serious impacts on your business.

That’s why SAP offers the SAP Simple Finance Add-on to SAP Business Suite powered by SAP HANA – part of the SAP Simple Finance solution that delivers instant insight anywhere for CFOs and finance departments seeking to transform their business in an unpredictable world.  With this add-on, finance
organizations are able to
establish a single source of truth for analytical and transactional processing; support real-time finance processes; and deliver unmatched planning, simulation and forecasting capabilities.  Once your data is on SAP HANA, you can:

  • Move finance processing from batch to real-time processing
  • Analyze financial data in real time without a reconciliation process – for example, to run reports on the fly based on individual records from finance and controlling
  • Eliminate the need for manual reconciliations – and move to a real-time month-end close process

To support your finance transformation to SAP Simple Finance, the SAP Services team now offers a new, fixed-price service – the installation and data transition of financials add-on service – which greatly accelerates the installation and the activities needed to transform your existing financial data into new data structures.

During the data transition, you’ll benefit from SAP best practices tailored to meet your company-specific requirements. Starting from a predefined software system, this service identifies the changes needed to support your data transition, provides a fixed estimate of the effort involved, and manually configures the system, as required. Within a short time and at a fixed price, you will transition your data and start realizing the benefits of SAP HANA for financial reporting and analysis. You get two rehearsals and one productive transition included with your service.

Because the installation of the add-on and the data transition is planned and performed by SAP Services experts together with your IT department, you can be confident in the transition of your data. And our team supports you all the way through going live.

If you’ve already decided to make the move to SAP Simple Finance, you’re a candidate for the SAP Simple Financials add-on to SAP Business Suite powered by SAP HANA. But does it make sense for your business and IT landscape? To find out, take advantage of these two services:

  • Road map definition for SAP Simple Finance: Learn about the opportunities and benefits of having finance operations run on SAP HANA – and leave with a custom road map definition for the SAP Simple Finance service that addresses your business requirements. 
  • Business assessment for financial processes: This service provides a holistic, customer-specific, and strategic analysis of your financial organization and its IT landscape, and then identifies optimization potentials.

SAP Simple Finance. It creates a whole new world of opportunity for your business.  And SAP Services can help you realize the benefits faster and more effectively.

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      Author's profile photo Former Member
      Former Member

      Hi Angela,

      I have a question. I'm not an expert. Therfore the question might be stupid.

      We are a company group of 25 companies (=25 company codes in SAP, 10 of them with logistic actvivities) and we like to migrate from ECC 6.0 FI to SAP Simple Finance on HANA.

      Beside this : We are using the "classic" ledger accounting. Don't know whether it matters.

      What is the best way of migration ?

      -    Do I migrate all companies in one step to Simple Finance  ?    


      -    do I choose a kind of step by step approach :

           first: one company. In the next step a few more and in the third step the others ?

      Please some pros/cons from your site.

      Thank you very much in advance..


      Author's profile photo Former Member
      Former Member

      Hello Harald,

      from my understanding a migration to Simple Finance is system related. Based on the provided details and under the assumption that all 25 Company Codes are in one system, all 25 Company Codes will be migrated at the same time.

      In regards to the deployment of simple finance there are different options.

      If you are interested we can get in touch (call/mail) to discuss next steps towards simple finance.

      Kind regards

      Marius Thelo