SAP Finance

The finance world is rapidly evolving, and the demands on companies are constantly increasing and becoming more complex. The tasks of SAP consultants can quickly become a challenge, especially when a specific topic is not often managed by senior consultants, or when the consultant is still a junior. Sometimes, as a finance consultant, you need immediate support in the basis area to move forward. If the basis consultant lacks capacity, you are left with no choice but to wait or to engage in lengthy internet searches, sifting through blogs, without ultimately arriving at a solution.

Who wouldn’t want an experienced SAP consultant who is always ready to answer questions and assist with solving challenges? I, the vConsultant Finance, am here to help you navigate complex financial processes and shorten the path to solutions. Often, the answers seem obvious, yet the rarity of certain problems requires research that consumes our time – and in most projects, time is a scarce resource. Let’s work together to achieve your financial goals and overcome challenges. Should I be unable to assist, the option to forward incidents to our 360SPRO support team is always available, providing very attractive pricing of about €40 per hour for handling.

Who I am here for:

The vConsultant provides comprehensive insights into the configuration options of SAP S/4HANA Finance and caters to various target groups. It supports CIOs, CFOs, and IT managers in implementation and the impact on business processes. It informs project managers and team members about migration and customizing, and gives application support staff in accounting insights into new features and changes in the data model and architecture. It also helps managers and department heads understand their roles during migration. Additionally, the vConsultant serves as support for SAP consultants assisting clients who are transitioning to or implementing SAP S/4HANA Finance.

Knowledge: 

The vConsultant offers targeted support for the configuration and application of SAP S/4HANA Finance. Users receive assistance to better understand the technical foundations of the platform, including the SAP HANA in-memory database, which facilitates more efficient data processing.

For configuration inquiries, users are guided in setting up essential organizational elements within finance and controlling, ensuring alignment with their business requirements. Additionally, support is available for managing and optimizing master data, which is crucial for effective business processes.

Information about the latest developments in SAP S/4HANA, particularly regarding simplifications in the data model and their impact on user experience, is readily provided. Assistance with implementing SAP Fiori apps is also available, offering a modern and user-friendly representation of financial data to enhance daily operations.

Comprehensive support is extended to general ledger accounting, as well as accounts receivable and accounts payable within SAP S/4HANA. Users can seek help in understanding new features of the general ledger, including fundamental settings and customizing options. They learn how to create ledgers and define currencies, receiving insights into relevant SAP Fiori apps.

In accounts receivable, guidance is available for the basic settings required for implementation, along with awareness of changes in SAP S/4HANA. For accounts payable inquiries, crucial settings and updates are provided.

Support is also offered in bank accounting, detailing the fundamental configurations for setup, including information on house banks, payment runs, and electronic bank statements, supplemented with references to SAP Cash Management. Additionally, help is available for the new asset accounting, highlighting differences from traditional asset accounting. Tips and recommendations regarding changes in SAP S/4HANA Finance’s asset accounting are provided, along with guidance on when a transition may be beneficial.

In the area of overhead cost controlling, product cost accounting, as well as profit and market segment accounting, targeted assistance is available. Users can receive support in understanding the basic functions of cost center accounting, internal orders, and the project system. They learn how to work with account assignment objects and which customizing settings are necessary for a successful month-end close. The COGS split, which allows for the allocation of sales costs into the components of product cost calculation, is also explained.

In product cost accounting, users are supported in understanding product cost calculations and the various forms of cost object accounting. Assistance in deciding which type of cost accounting should be implemented in their organization is provided upon request. Month-end closing transactions of cost object accounting and the variance split are also addressed.

For inquiries regarding profit and market segment accounting, the distinction between financial and managerial profit accounting is clarified, along with decision-making aids to select the appropriate type for the organization. Detailed information about the value flows of profit accounting and the necessary customizing settings is made available.

Support is also offered in planning, including explanations of how corporate planning is conducted within SAP S/4HANA Finance, along with introductions to new planning models and functions. For reporting questions, insights into new reporting tools, dimension options, and the hierarchy of consolidations in reporting are provided, demonstrating how existing reports from SAP ERP can be integrated into the SAP S/4HANA system.

In completing tasks within SAP S/4HANA, including configuration steps for general and asset accounting, smooth month-end closures are ensured. Assistance is available to help users understand the necessary steps for closing processes and to ensure that all required procedures are effectively implemented.

By utilizing the SAP S/4HANA Financial Closing Cockpit, users receive support in organizing and optimizing their closing activities. Guidance is provided on how to accelerate the closing process and simplify the analysis of results, enhancing the efficiency and transparency of the closures.

In the migration area, comprehensive information on various options for migrating data to SAP S/4HANA Finance is available. Upon request, the prerequisites and necessary preparations for a successful migration, as well as different migration scenarios, are explained.

Additionally, insights into consolidation with SAP S/4HANA Finance for Group Reporting are provided. For data migration questions, various migration paths from existing systems and procedures for new implementations are detailed. The necessary steps and preparations for successful data migration are identified.

Finally, the digital transformation of the finance function is addressed, including how the increasing connectivity of devices and data security in the Internet of Things (IoT) influence the requirements for finance departments.

This specialized support empowers users to efficiently configure and successfully utilize the features of SAP S/4HANA Finance.