Answer To: REFERENCE LIST FOR RSEEARCH ASSIGNMENT SAP SAPPHIRE CONFERENCE You can search for the SAP Sapphire...
Sarabjeet answered on Jun 14 2021
You should include a title page that has your name, the title of your report, your tutorial day and time and your tutor’s name on it. Every page should feature a footer that includes your name, student ID, and page number.
Contents
Introduction 2
The Historical Overview of SAP S/4HANA Finance 3
The Difference between the SAP/4HANA Finance and SAP ERP FICO 4
Benefits of SAP S/4HANA Finance for Businesses 5
Case study 1- The Cathay Pacific Airways 7
Case study 2- Fitch Ratings 8
Case study 3- Deloitte 9
Conclusion 10
References 12
Introduction
Many organizations have developed strategies to ensure productivity and related stay in the market in the direction of their major operations. There are many components in the organization that affect their level of performance. On the other hand, one of the key aspects of the organization is the economic aspect which has an important role in common operations. It is important that the economic aspect is an important factor because it attracts prospective investors because they affect their overall decision at the time of investment. Economical importance cannot be reduced in an organization. The Finance Department in various organizations is required to ensure financial health in all its operations.
What type of accounting and management is being done due to the trend in technology has changed. SAP S / 4HANA Finance has changed the way the finance is managed and managed. On this basis, SAP S / 4HANA Finance, SAP S / 4HANA and SAP ERP FICA must focus on the current difference between the difference between finance and the properties. Apart from this, the paper also asks case studies to show how to convert SAP S / 4HANA Finance into their Transactional Services.
The Historical Overview of SAP S/4HANA Finance
SAP's first market was introduced in the market in 1972, but initial production was described as R / 1 and its design is in line with the one-level system. However, there are about three levels required for the installation of ERP software on a server system (Akagic and Hodzic, 2014). In the year 1979, the next version is known as JR / 2 which has three layers which are set in two servers. In addition, the final version of SAP was identified as R / 3 where it was using three sets of design servers. It is mandatory that R / 3 were user-friendly due to the release of the SAP GUI. Another important component available in SAP R / 3 was also IDOC / ALE processing which was coming between other systems like SAP and non-SAP. SAP R / 3 were launched in the 1992 with the progress of R / 2 and R / 1 (coin ET 2013).
Still, some small improvements were made in the system especially after the category version. SAP completely updated its design and in 2004 it presented ERP Central Component (ECC). In ARAP architectural design the ERP center component changed everything. ECC is able to enable consumers to run the business operations in strategic enterprise management over a very short period of time. This was considered to be the initial SAP solution that was used in an organizational environment and expanded into applications used in organizations and Internet services. It is clear that R / 3 were developed by the year 2012, it was known as the most innovative product (Ferrero, Loberto and Miccoli, 2017). On the other hand, due to the introduction of the HANA, it has been changed so that most people are attracted to their application at their workplace. According to research, most people have accepted the use of the law in the management of their companies, but it is clear that most people do not know the difference among S / 4HANA Finance and S / 4HAANA. The HANA system has improved the performance of many organizations so that business owners and users get popularity. S / 4HANA is the newest kind of the business setting that is presently known as SAP / 4HANA Enterprise Management, S / 4HANA Finance is described as an organization that is set up to handle the organization, especially financial accounting. Finance Revaluation for Digital Age with SAP S / 4HANA Finance Solution (Färber et al., 2012).
There are two different versions of SAP / 4HAANA which are S / 4HAANA Cloud and S / 4HANA on-premises. It is necessary to understand that the SAP S / 4HANA Cloud enables users to use SAP software on cloud which is not needed for maintenance of applications. The product's lifestyle changes for all versions. SAP, S / 4HANA on-premises is exempted on an annual basis, but on a quarterly basis, some improvements and more roles are required to get a service pack or feature pack stack. On other hand, a SAP S / 4HANA Cloud is released on a quarterly basis which means after three months it’s a new system in the market. It is said that due to wrong evaluation in SAP S / 4HANA Finance, various data will be required to perform warehouses and remove the need to copy data according to the previous system.
The Difference between the SAP/4HANA Finance and SAP ERP FICO
SAP FICO has the role to help the organization in the creation and management of financial information for assessment and relay. It also aids the organization with an efficient design system and decision-making process. SAP FICO has two modules which are SAP Controlling as well as SAP Finance which are utilized for financing purposes. If SAPI handles general financial accounts and reports, SAP deals with monitoring and planning of CO plans. SAP FI or CO has originally been identified as a separate module but it has been compiled that most users think that they are a module. There are several sub-modules in SAP FI module that manage a particular accounting operation and it enables organizations to create statements for analysis and evaluation (Kurbel, 2015). However, SAP CO has various sub-modules and it is important to increase the productivity of the organization. SAP CO promotes operations like designing, reporting and monitoring costs on necessary activities.
However, the SAP S / 4HANA finance application is placed on SAP S / 4HANA ERP framework. It involves the role of the financial...