Tuesday, 12 October 2021 06:19

SAP S/4HANA 2021 – Finance Overview

Written by Benno Eberle
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Source https://blogs.sap.com/2021/10/13/sap-s-4hana-2021-finance-overview/
“© 2020. SAP SE or an SAP affiliate company. All rights reserved.” “Used with permission of SAP SE”

SAP S/4HANA 2021 and multiple SAP S/4HANA Cloud releases in 2021 are available and bring a lot of new innovations and benefits to our customers to drive their success.

Recently we have all witnessed that change is a constant in the world we live in.  For finance professionals, this definitely has increased the pressure to think about how to adapt operational processes, making them more efficient.

Watch this video to learn more from key innovations added to the SAP S/4HANA 2021 release, as well as S/4HANA Cloud releases in 2021, illustrating how technology can support finance to reach these goals.

Let’s continue with specific areas of process efficiency improvements 

PROCESS EFFICIENCY 

How can we optimize – for instance – the closing process in a situation where everyone’s working remotely? How can we further lower the effort needed to execute on payables and receivables?  This is where technology significantly contributes.  Through delivered process monitoring as well as intelligent automation. 

We invite you to have a look at our specific video on SAP S/4HANA Cloud for Advanced Financial closing designed to manage and orchestrate the financial closing process.  Supporting the planning, execution, monitoring and analysis of all closing tasks.

Hear from Maximilian Köbler, SAP Global Finance Solution Management, how this new cloud-based closing hub helps businesses streamline and optimize their closing processes. This includes the current situation of most customers, an introduction to the main functions and integration capabilities as well as newly added features.

Within this context, also the Intercompany Hub and Account Substantiation supports in the automation of these specific closing activities 

A third area where important additional innovations have been added is in the order-to-cash process.  With the SAP S/4HANA 2021 release, a wide range of new automation capabilities have been introduced.  Have a look at the dedicated update video to learn more. 

Hear more from Robin Bau, Global Solution Owner for Order-to-Cash about the latest innovations in the area of bank statement automation, including topics like Remittance Advice processing or Lockbox, shipped with the SAP S/4HANA 2021 release.

THE IMPORTANCE OF CASH 

Process efficiency is always top of mind for the CFO and his or her team.  But what has become even more obvious in times of disruptive change is the importance of liquidity and solvability… or in other words: cash… and how to ensure your business is financed in a healthy way. 

Again, we can refer

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