What is S/4 HANA Finance ?

Given that I've been working on the latest version S/4 HANA Finance, I thought I'll share with you all some sneak peeks of the latest version without making it sound more complicated than it actually is.

SAP S/4 HANA Finance (formerly SAP Simple Finance) is a comprehensive finance solution based on SAP HANA. To keep it simple "SAP HANA" is an innovative in-memory data-platform where d application logic can be done within the in-memory engine (more on this topic can be found on SAP.com)

Now coming back to how S/4 HANA Finance came to be, SAP had decided to take the key components of the previous FI/CO suite and re code them to be able to harness the full advantage of running SAP FICO on a SAP HANA Database.

Initially, SAP Simple Finance (version 1.0) was released in 2014, then came SAP Simple Finance 2 in 2015. The version 1503 was followed by 1505, 1508, and 1511, the releases are versioned based on the year of release (first 2 numbers) and the month (last 2 numbers),

From September 2015 onwards the term SAP Simple Finance was made redundant and was renamed to "SAP S/4 HANA Finance".

S/4 HANA Finance has been designed to be easy to use, it can deliver instant insight for finance professionals. It enhances the current finance solution portfolio from SAP, preserving its functional strength while enabling no disruptive migration (more on how it does this is future posts).

SAP S/4 HANA Finance, on premise edition covers SAP Accounting powered by SAP HANA and SAP Cash Management powered by SAP HANA, and is complemented by SAP HANA Live content, SAP Fiori apps, and SAP Smart Business apps designed for SAP Simple Finance.

That is basically a wrap-up of what S/4 HANA Finance is.

Your questions , comments & suggestions are welcome at ssurenlk@msn.com.