New features and benefits
Single source of truth
- One table containing all necessary information
- Switch from a dual-circuit system to a single-circuit system
- Highest level of data granularity and harmonisation
- Eliminates the need for coordination between FI and CO
- Flexible reporting made easy
Real-time FI support
- Asset management is moved directly into the general ledger, producing real documents in real time
- FI posts flow immediately into the financial statement, i.e., the “daily soft closing”
- Accelerated financial statements: Finance data from several SAP systems or non-SAP systems are merged in S/4HANA
Dynamic CO plans and analyses
- Altered master data model, e.g., partner master data (business partners)
- No more cost categories; accounts are all general ledger accounts (including secondary cost categories)
- Account-based profitability analysis possible, including cost allocation of sales and production variances
- Embedded analytics: Reporting tools from SAP BW in real time in SAP ERP
- BPC embedded: Planning tools are also available in ERP
