S/4HANA 1909-Some key innovation in Finance
Hope you are doing well. With this in mind, I thought of writing this blog just to mention some of new features in S/4HANA 1909 especially in area of Finance.
- T view of journal-
With S/4HANA 1909 system, SAP offer an ability to view documents in T account view, which I suppose would appeal to most Finance end users.
What is the change-
An analytical app which view GL postings in term of T account and organized in ledger account type e.g P&L , balance sheet.
User can also add additional dimensions e.g. Profit center to the output and T ‘s can be reorganized by Drag and drop.
How does this look?
The T account view is available as a drill down app from other apps liek Manage journal etc.
As shown above the document is viewed in Manage journal apps and there is navigation to T account view
System shows view of the document in T accounts.
Additionally user can select multiple document and see the impact e.g. a end to end flow of a process:-
User can also highlight the record with color and it is easy to represent the end to end flow for the process from the journal.
2. Workflow for Journal approval
Some of the organization will require an approval process for journal entry , especially in Financial services industry. The approval process can be based on DOFA( degree of financial authority).
Now the original transaction for park and post, SAP outlook is to discontinue them and ask user to follow the Verify journal process.
With this in view, SAP has further enhanced its workflow feature from its first release on 1709 and the tool is much more flexible and can cater to most of the requirements for the approval.
Some of key tiles you should have:-
The Manage team tile is useful to setup your own hiearchy and approval matrix
In the Manage workflow tile, you can setup various steps e.g. based on amount, entity etc.
Once setup, the document will flow for approval as items in the inbox.
An excellent blog describing the steps in details is written by subhrangsu bagchi
Hope you found this short blog useful, there are quite a few features to explore, but will do it in time.
does manage team app is a replacement of PPOME ?
Lots of thanks Rishab,
It's pretty useful. For me, it added a new piece of information which is the DOFA. It will help me a lot to learn about it as I've just commenced a new implementation and they need the workflow approval. I was thinking about the old model of developed workflow.
Thank you for your feedback and comment,
The term DOFA is pretty standard business term and it is to ascertain who is authorized to approve what level of value.
If you are looking to build a workflow, do check the standard offering even from S/4HANA 1709 onward, though the 1909 release is the most optimal solution.
Hope this helps,
The functionality of PPOME will be there i think as I did not see any reference to this topic in SAP documentation.
The manage team tile look as below
So the manage team is pretty simple and will not allow all the variation supported in PPOME, but the idea is that the basic functionality can still be used in most cases and will reduce need for a complex workflow.
Hope this helps
Thanks for highlighting the key aspects in S4 Hana 1909.