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Finance in SAP S/4HANA Cloud 2011

With Finance in SAP S/4HANA Cloud you can minimize the impact of economic disruption while maintaining business continuity. This fast to deploy software-as-a-service can help companies emerge from crisis with great resiliency. The SAP S/4HANA Cloud 2011 release comes with various innovations in finance from which I have selected a few for you in this blog. 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 

Highlights described in the video:

Revision to Apps for Collections and Dispute Management

The modernized SAP Fiori apps Process Receivables and Manage Dispute Cases improve the process of collecting receivables as well as handling dispute cases. New extensibility options, better performance, and in-depth data insight provide a seamless user experience.

Capabilities

  • New extensibility options for adding custom fields to dispute cases and to collections invoices
  • Add installment plans to promises to pay by using pre-configured installment plans, by adding installments manually, or with MS Excel support
  • Enablement of customer-disputed objects closes the gap in dispute handling
  • In-app handling of collection contact persons during the collection process for a more intuitive working experience
  • Preserve your edited data with drafts kept automatically in the apps, thereby preventing data loss
  • Add attachments and notes on invoice level and on customer level to store all information where it’s needed

Video 2: The new apps “Process Receivables” and “Manage Dispute Cases” help to gain immediate insights into customer data and allow for a seamless user experience. (note: no audio voice available)

Value Proposition

  • Gain immediate insights into your customer data and the required actions to collect your receivables more effectively by using a new set of apps designed to work together with the Process Receivables app
  • Improved analysis and processing of dispute cases related to open receivables for your customers with the Manage Dispute Cases app, with newest UI technology and improved performance

Allow users to maintain recurring supplier invoices with certain recurrence pattern and rules

The brand new SAP Fiori App Manage Recurring Supplier Invoices enables you to efficiently manage recurring supplier invoices. A recurring supplier invoice is a type of invoicing in which a supplier automatically charges a customer for goods or services at regular intervals.

Capabilities

  • Create a recurring supplier invoice
  • Edit a recurring supplier invoice
  • Check a recurring supplier invoice to simulate the creation of a recurring supplier invoice
  • Execute a recurring supplier invoice to generate MM invoices and FI documents
  • Execute a recurring supplier invoice by background job
  • Display a recurring supplier invoice
  • Delete a recurring supplier invoice

Video 3: Maintaining, executing and monitoring recurring supplier invoices note: (no audio voice available)

Value Proposition

  • Increase efficiency by providing users with a better way to maintain the invoices that need to be paid at regular intervals
  • Minimize typo error by using pre-defined recurring supplier invoice template
  • Improve transparency of regular postings through the posting forecast plan for user review

Generate multiple group currencies in a single closing process

With this release you can now create consolidated statements by consolidating multiple group currencies simultaneously. To do so, you create one standard version and additional extensions versions, namely group currency extension versions or extension versions. You can configure multiple extension versions to the standard version that can each carry an additional group currency or additional translation. Furthermore, you can produce these multiple group currencies or translations in a single closing process while processing the standard version in data monitor and consolidation monitor. The new feature also allows posting of manual journals in several group currencies at the same time, keeping the multiple group currency values in columns of the same bundled journal entry.

Capabilities

  • Configure multiple extension versions to the main standard version that can each carry an additional group currency or additional translation​
  • Produce these multiple group currencies or translations in a single closing process while processing the standard version in data monitor and consolidation monitor​
  • Allow posting of manual journals in several group currencies at the same time, keeping the multiple group currency values in columns of the same bundled journal entry

Video 4: Group Journal Entry in Multiple Currencies

Value Proposition

  • Increase efficiency and automation when working with multiple group currencies or multiple currency translations such as for translation at constant currency rates for comparison reporting

Further Highlights not described in the video:

New Reporting App Product and Service Margins

With this app you can analyze your revenue, costs and contribution margin across multiple dimensions, for example, across customers and different objects, such as projects and service orders. It is the recommended report for a solution order reporting in which you want to analyze the contribution of the assigned offerings. In this report the G/L accounts are assigned to semantic tags. This allows in the columns a margin reporting and it shows on the two very right columns the balance sheet value posted by revenue recognition.

Figure 2: New reporting app product and service margins – selection for service documents 

Asset Accounting

Units-of-Production Depreciation (UoP)

UoP is a method of calculating the depreciation of the value of an asset over time. It becomes useful when an asset’s value is more closely related to the production amount rather than the number of years it is in use. The amount of the period depreciation is linked then directly to the output quantity (number of units). Calculation methods available are

  • Depreciation of acquisition value over the total output (total number of units)
  • Depreciation of net book value over the remaining output (remaining number of units)

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Figure 3: Maintain number of units for UoP depreciation

Depreciation Forecast – Planned Value from future Fiscal Years

You can now add a planning horizon for each company code and ledger for which the system calculates planned depreciations amounts. Planned values for fixed assets help assets accountants to conduct advanced forward looking  analysis in apps such as Asset History Sheet, Asset Balances, or Depreciation Lists.

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Figure 4: Analysis of planned amounts in the Depreciation List app

If you’re interested to learn more about these innovations, join our SAP Learning Hub and participate in our SAP S/4HANA Cloud Early Release Series. Read this blog to find out how you can license for the Enterprise Support Edition as a Customer / Partner and benefit from our regular release series either live or on-demand.

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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