Checking the Highlights of What's New in Finance

Objectives

After completing this lesson, you will be able to:

  • Discuss the new features delivered for finance

Finance in SAP S/4HANA Cloud Public Edition 2402

Watch the following video and listen to Ulrich Hauke from Cloud ERP Product Success Enablement at SAP giving an overview on finance innovations in the SAP S/4HANA Cloud Public Edition 2402 release:

Here is a summary of the exciting new features shipped with the 2402 release specifically tailored for the finance function:

  1. Financial Planning: We're stepping up our game with Greenhouse Gas Emission Planning, now integrated with Financial Planning via SAP Analytics Cloud.
  2. Group Reporting: Customize your Review Booklets to your heart's content with our new Review Booklet Designer.
  3. Contract Accounting: Get a deeper understanding of your key figures with our Advanced Analysis feature.
  4. Real Estate: We're now enabling SAP Master Data Integration to support integrated processes with Planon Real Estate Management.
  5. Cash and Liquidity Management: Keep a close eye on your bank accounts with our new feature for Monitoring Instant Balances.
  6. Finance Operations: We've introduced Regular Expressions in Conditions of Processing Rules for Bank Statements and Lockbox Files.
  7. Asset Accounting: Influence your Depreciation Calculation for Fixed Assets with our new BAdI.
  8. Asset Accounting: We've also introduced an API for Asset Retirement Postings.
  9. Accounting for U.S. Insurance Carriers: We've added Additional Posting Dimensions and a new Chart of Account.
  10. Accounting for U.S. Banks: Streamline your processes with our new feature for Intercompany Matching and Reconciliation.

Greenhouse Gas Emission Planning Based on Integrated Financial Planning with SAP Analytics Cloud

At SAP, we understand the critical role that greenhouse gas emissions play in our global environment and their substantial impact not only on the climate, but also on financials. Therefore, we've enhanced the Integrated Financial Planning business content in SAP Analytics Cloud to seamlessly incorporate CO2 equivalent (CO2e) planning. Our solution allows corporations to manage their environmental footprint strategically alongside their economic sustainability goals. It collates CO2e emissions data with traditional financial metrics, offering a comprehensive overview of a company's operations and impact. This leads not only to the development of environmentally responsible strategies, but also identifies financial risks and costs that go along with GHG emissions.

The core Value Proposition Plan and calculate CO2e emissions along your financial plan.

Capabilities:

  • Plan environmental and financial performance in a connected model.
  • Plan raw material quantities.
  • Plan CO2e-related cost center expenses and performance quantities(such as energy cost centers)
  • Plan activity rates with CO2e quantities
  • Calculation of planned corporate carbon footprints.
  • Detailed breakdown of CO2e emissions per product and cost center

To learn more about the data flow, watch the following end-to-end demo video:

Custom Configuration of Review Booklets with Review Booklet Designer

Using the Review Booklet Designer, analytics key users can now create custom review booklets. They use this new functionality in the Manage KPIs and Reports app to copy the SAP-delivered review booklet (Group Financial Statements Review Booklet) and adapt it to your reporting needs. In this process, you connect the content of an analytical query with measures, structures, and dimensions and display the results on a business page of the review booklet.

Using the Review Booklet Designer, analytics key users can now create custom review booklets. They use this new functionality in the Manage KPIs and Reports app to copy the SAP-delivered review booklet (Group Financial Statements Review Booklet) and adapt it to your reporting needs. In this process, you connect the content of an analytical query with measures, structures, and dimensions and display the results on a business page of the review booklet.

The main value proposition is to create customer-specific reporting experiences and improve the adaptability of reporting content making use of a richer feature set.

Capabilities include:

  • Use the analytical queries that are part of the standard review booklet
  • Define the content of business pages with rows, columns, and filters
  • Define variables and default values
  • Configure semantic styles and navigation targets

To get more insights, you can refer to the following demo video:

Contract Accounting: Advanced Analysis of Key Figures

To improve usability and performance, the apps available for analyzing key performance indicators in Contract Accounting, such as overdue items, have been modernized.

The core value proposition is that all apps now use analytical list pages that enable you to display the selected data in a table or chart, or a combination of a table and chart.

Capabilities include:

  • Using the available filters, you can analyze the data according to your specific needs before taking action in the same app or by navigating to associated apps offered as links.
  • In each app, you can create an insights card for the currently filtered content that is automatically added to your entry page. The card displays the current content dynamically, so you can monitor the KPI analysed by the app at a glance.
  • For most key figures, the system determines the key figures reflecting the current dataset at runtime. As the data volume can be very high, to improve performance, the apps that evaluate payment, clearing, and dunning locks valuate a system snapshot of receivables and payables instead of the current live data. With the Create Snapshot of Locked Open Items app, you create the snapshots evaluated by the apps.

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