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Finance in SAP S/4HANA Cloud 2005

Financial managers need to minimize the impact of the economic disruption. SAP S/4HANA Cloud for finance provides quick time to value innovations that can help companies emerge from the crisis with great resilience. This blog provides you with selected new features in our SAP S/4HANA Cloud 2005 release for finance that help to optimize finance operations, financial planning and analysis and more. You can also check out the video below to gain insights into the innovations which are top of mind.

Video 1: Release Highlight Video on Finance

Improve your cash visibility with the brand-new Advanced Payment Management. Advanced Payment Management supports the monitoring and approval of payments for both, SAP systems and non-SAP systems. It provides one single source of truth for payments and the related cash position by a seamless integration with cash management and bank account management. The communication with the banks is supported out of the box by multi-bank connectivity supporting a fully automated end-to-end process. A conversion of various payment formats is possible as well, for example, converting CSV or TXT files to XML. With Advanced Payment Management you can achieve a better visibility of all cash flows as well as an improved cash forecast accuracy.

Demovideo 1: Partial Approval with SAP Advanced Payment Management

Enhance the cash application with template-based reprocessing rules. Bank statement reprocessing rules allow you to automatically post open bank statement items based on conditions defined in rules. Now, with SAP S/4HANA Cloud 2005 you can create reprocessing rules based on templates proposed by the system. The system analyzes your past postings and clearings and uses your past data to generate templates for reprocessing rules that are tailored to your individual needs. Creating reprocessing rules based on templates reduces your manual workload and is a quick and comprehensible way to get efficient reprocessing rules for higher automation.

Demovideo 2: Template-based reprocessing rules

Simulate your P&L and Balance Sheet with SAP Analytics Cloud. SAP Analytics Cloud enables integrated financial planning and budgeting for SAP S/4HANA for Finance. To get you started with financial planning in SAP Analytics Cloud, SAP delivers the predefined Integrated Financial Planning for SAP S/4HANA business content that comes with demo data. This business content has now been further enhanced by financial statement planning, which enables you to do and integrated profit and loss planning and balance sheet planning in SAP Analytics Cloud while keeping track of your most important key figures such as operating income, margin, net revenue and cost of goods sold.

Picture 1: Integrated P&L and Balance Sheet Planning

 

Here are more innovations not covered in the video:

Monitor your liquidity by Country in Treasury Executive Dashboard. With this feature, the Treasury Executive Dashboard app now presents the liquidity by country in a geographical map. In the new Liquidity by Country geo map chart, you can see the distribution of liquidity among the different countries. The liquidity is represented as bubbles, where the amount of liquidity determines the size of the bubbles. Here’s an image of what the new geo map on the Liquidity tab in the Treasury Executive Dashboard looks like.Picture 2: Liquidity Dashboard for all Countries

Beside of this the Treasury Executive Dashboard provides new Market Risk Measures: current and historic net present values as well as the current value at risk. You can calculate the value at risk by historical simulation, by Monte Carlo simulation, or by variance/covariance approach.Picture 3: Net Present Value and Value at Risk

A new table chart Financial Status by Bank Groups has been added to the Bank Relationship tab of the Treasury Executive Dashboard app. The table give you an overview of your assets, liabilities, and financial balances sorted by company code and bank group. You can quickly identify banks with the highest balances. The information helps you evaluate which banks are most likely to provide loans.

The last innovation i would like to mention for the sake of completeness is in the area of asset accounting. There are new SOAP APIs available for asset master data: API to create main asset numbers, API to create asset subnumbers and API to change asset master data. For each of these APIs, there are two SOAP services: one asynchronous inbound service and one asynchronous outbound service. The inbound service sends asset data from an external system to the SAP S/4HANA system.

Hope you like my selection of innovation highlights. Stay safe and healthy.

For more information on SAP S/4HANA Cloud, check out the following links:

Follow us via @SAP and #S4HANA, or myself via @HaukeUlrich and LinkedIn

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