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The Truth Behind 3 Wrong Thoughts about the SAP HANA-Based Application by Rickey Jones
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The Truth Behind 3 Wrong Thoughts about the SAP HANA-Based Application by RICKEY JONES
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| Article Posted: 08/03/2015 |
| Article Views: 510 |
| Articles Written: 256 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 445 |
| Article Votes: 388 |
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The Truth Behind 3 Wrong Thoughts about the SAP HANA-Based Application |
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Advice,Business,Computers
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SAP Simple Finance is a set of solutions that is supported by SAP HANA. It is capable of being deployed in SAP HANA Enterprise Cloud. It offers real time financial insights and cohesive details. The system allows the user to pull the data from systems beyond a company’s financial system into a web enabled user interface like SAP Fiori. Today the system is commonly used by enterprises that look for Custom Fiori Apps for a better user experience. These companies use SAP OData services in Australia to get relevant application data. Since the introduction of SAP Simple Finance, the excitement and expectations for solutions have grown quickly across different finance industries. However, some people have different opinions and apprehensions to this solution. Here are three common misconceptions that people have created around this finance system. Let us know the reality behind them:. Misconception: Getting started with SAP Simple Finance requires massive preparation of all systems. Reality: Getting started with this SAP tool requires less effort and time than one may imagine. A separate instance of SAP Simple Finance standalone central finance platform can be created without changing anything in the existing processes or feed financial transactions from different sources to SAP Simple Finance. This tool can be used easily to provide different reports to different departments at one time. Misconception: SAP Simple Finance is a financial focused system Reality: SAP Simple Finance is a HANA powered application that can be deployed in hybrid manner, in the cloud and on premise. This offering is to reduce the latest innovation in financial accounting and controlling module. It is done to reduce the database size, enhance transaction efficiency and eliminate processes through real time information. SAP has a roadmap that enhances sales. SAP Simple Finance is a full ERP suite on SAP HANA with improvements on cash management and accounting.Misconception: SAP HANA is costly. Reality: Usina SAP HANA based solution will help pay in itself over time as it brings speed and accuracy to analytical process and decision making processes.SAP Simple Finance removes index tables and totals, thus reducing data footprint. The software is centered on increasing the business benefits through reporting, productivity and speed. Custom Fiori apps in this system brings actionable key performance indicators forward in role based dashboards, thus increasing productivity by narrowing focus to only what is important. The software also eliminates data redundancy.Financial systems have always been accompanied by complexities, but with SAP Simple Finance complexities are no longer the friends of financial systems. This new system has transformed financial processes of a company. Achieving great performance and changing the way in which finance operates is all possible now.
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SAP OData services, Custom Fiori Apps,
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