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We are getting used to SAP’s new yearly release schedules for S/4HANA On-Premise. Last week
the latest release 1809 is released. Again, fully packed with new and enhanced functionalities. I
especially like how SAP is increasing the integration of intelligence, machine learning and the Fiori
UI to the existing business processes. In this post I will write about the key changes in the Finance
area.
Sit bag and enjoy the nice things you will see in the newest S/4HANA release.
Finally, we can track statistical sales conditions in account based COPA. SAP uses the
extension ledger functionality in order to do this
Reporting on incoming sales orders together with predictive reporting functionality is made
available in account based COPA. Also, with the use of extension ledger
COGS split calculation with actual costing available in any ledger for fixed and variable
values.
Activate Derivation for Items without Profitabilit Segment for the following account
assignments:
Cost Center
Internal Order
Project
Sales Order
Production Order
Maintenance Order
I will cover the statistical sales condition and the sales order functionality in more detail in a a future
post.
Predictive Accounting
Predictive accounting in combination with margin reporting.
Top-Down: Prediction uses a time series algorithm on historic data in order to predict future
values considering trend, cycles and fluctuations.
Bottom-Op: Prediction is performed based on predicted documents being part of an
individual business process and its document flow
Predictive accounting includes insights from expected revenue and expected expenditures.
There are some limitations in predictive accounting today. Those are the following:
Commitment Management
The New commitment logic and Commitment by Cost Center App provides full transparency over
plans and spending, through embedded analytics solutions you get root cause analysis on the fly
trough graphical and interactive user interface.
Universal Allocation
Why Universal Allocation?
Vision and future direction of Universal Allocation is to combine various capabilities under one
umbrella:
SAP want to unify gradually all the group and hierarchy maintenance activities in one App.
The Global Accounting Hierarchy has the following features:
Modern, consistent UI and persistency in one hierarchy. SET group, FSV, custom
hierarchies, etc.
Time dependency, status control
Support custom extensibility, custom hierarchy, custom field and custom logic
Compatibility with existing hierarchies
Intelligent GR/IR
The GR/IR account reconciliation process is an exception handling process for all purchase order
items with difference between goods receipt and invoice receipt. This is a highly manual process that
delays the period-end-closing. Most common reasons why GR/IR items cannot be cleared
automatically are:
Invoice goods receipt is missing
Amounts do not match
Purchase order item was created with an outdated price list
Delivery costs were posted on the wrong GR/IR account
The new Goods and Invoice Receipt reconciliation overview App improves the process by displaying
all necessary data on one screen so that the processing steps and statuses can easily be
documented in the app. The proposal service with machine learning automatically proposes next
steps for items that could not be matched.
Integrating Machine Learning capabilities into GR/IR clearing
The goal of the machine learning service is to learn from decisions taken in the past to apply the
learned knowledge to the new business situation and to make recommendations for the next
meaningful steps for each purchase order item.
The machine learns from the decisions taken by humans and improves over time.
Training works by analyzing historical records of reconciled GR/IR accounts, and specifically manual
assignments of purchase order items.
Accrual Management
There are a lot of changes in the new accrual engine compared to the old one in previeous releases.
Also the customizing is changed significantly. I will be briefly explain the reasons for the new accrual
engine and the new logic/functionality. I will do a deep dive into the new Accrual Engine in a future
post.
With the new Accruals Management Engine in S/4HANA SAP want to offer a coherent automated
process with reliable outcome. To do this a unified UI, transparent reporting and auditability is
delivered.
When Migrating to S/4HANA 1809 all your data from manual accrual management must be migrated
to the new accrual engine.
Next to the new accrual engine, in release 1809 the new application Purchase Order Accruals is
introduced.
New Features:
For manual accruals possibility to download and use excel template:
There are different use cases in which the system reacts differently like purchase of consumables
without GR or purchase of service with service entry sheet.
I will explain the system behavior for each of these different use cases in a dedicated blog in future.
Hope you enjoyed this short preview of new and enhancement Finance functionality in S/4HANA
1809. Stay tuned for specific detailed blog posts about these topics in future.