Monday, 22 February 2021 16:18

Join the Financial Products Subledger and Financial Posting Gateway live webcasts

Written by Barbara Bollard
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Would you like to become more familiar with Financial Posting Gateway for business events?

Do you need more information on IFRS compliance in Financial Products Subledger?

If your answer is yes to either of these questions then let me recommend our latest Meet-the-Expert (MTE) live webcasts:

A one-time registration for SAP Learning Hub (accessible here) is necessary to register for these events. A recording of the event will be available using the same links after the events.

Compliance with IFRS17 with SAP S/4HANA Financial Products Subledger
Wednesday, April 14, 2021 9:00 AM – 10:00 AM Eastern Time (US & Canada)

In this live webcast we will explore:

  • How SAP helps insurance companies to comply with IFRS17?
  • How you get necessary inputs “accounting ready”?
  • How IFRS17 disclosures and other reports produced?

SAP S/4HANA Financial Posting Gateway
Thursday, April 15, 2021
09:00-10:00 AM Eastern Time (US & Canada)

In this live webcast we will discover how SAP S/4HANA Financial Posting Gateway:

  • Acts a landing zone for business events.
  • Performs and tracks account determination towards G/L.
  • Receives and enriches posting documents.
  • Differs from SAP S/4HANA Financial Products Subledger.

Here’s a little taster of what you can expect:

SAP S/4HANA Financial Products Subledger

  • SAP S/4HANA Financial Products Subledger provides a central hub to manage data between operational and finance systems, streamlining accounting flows and supporting increased transparency and control. It takes advantage of SAP’s industry-leading in-memory computing platform, SAP S/4HANA, for flexibility and speed.
  • IT’s ability to support finance and risk processes has become more difficult to manage as a result of fragmented data models between operational and finance systems, in addition to highly redundant accounting rules and interfaces. Maintaining compliance and consistency is also a challenging task with new regulations such as the International Financial Reporting Standards (IFRS) 9 and 17. These impact the valuation of insurers’ assets and liabilities for accounting purposes and change processing and reporting standards.
  • To help overcome these obstacles, the subledger solution runs on a multi-GAAP accounting engine that provides enhanced calculation and accounting capabilities for payments, business events and estimated cashflows. Centralizing all accounting rules for financial instruments and insurance contracts unburdens the product systems from accounting and controlling tasks, thus allowing for significant cost reduction and easy reconciliation of different sets of books. For insurance companies, an additional component supports the preparation of estimated cashflows provided by actuarial systems.
  • “This solution supports sophisticated multi-GAAP valuation and accounting concepts,” “SAP Fiori-based embedded analytics makes the solution a dynamic tool for the end user and takes it beyond a pure instrument for documentation to a powerful platform that generates data analysis to facilitate financial steering.

SAP S/4HANA Financial Posting Gateway

Diverse operational systems and spreadsheets may generate various types of business events which need to be accounted for properly.

SAP S/4HANA Financial Posting Gateway acts as a landing zone for business events.

  • It performs and tracks account determination towards GL.
  • Receives and enriches posting documents
  • Ensures auditability / versioning
  • Ready for high data volumes
Reminder: A recording of the event will be available using the same links after the events.
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