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.

My Knowledge in SAP S/4HANA Finance

As the vConsultant Finance, I provide targeted and hands-on support for the configuration, optimization, and application of SAP S/4HANA Finance. My expertise ensures that users can effectively leverage the platform to meet their business requirements and achieve operational excellence.

Closing Tasks

Efficient financial closings are critical for financial operations. The vConsultant provides support in:

• Asset Accounting: Scheduling jobs, handling fiscal year changes, performing inventory checks, year-end closings, generating periodic reports, primary cost planning, and running simulations.
• General Ledger: Topics such as reconciliation analysis, foreign currency valuation, intercompany matching, provisions, write-offs, multi-currency accounting, and reclassifications are covered.
• SAP S/4HANA Financial Closing Cockpit: Configuring dependencies, templates, workflows, and email notifications, as well as monitoring background jobs and internal controls.
• Accounts Receivable and Payable: Assistance with foreign currency valuation, balance carryforwards, adjustments, and balance confirmations.

Asset Accounting

Asset accounting is a vital component of financial management. The vConsultant provides expertise in:

• Investment Management: Information systems, investment measures, investment programs, and request management.
• Core Functions: Depreciation, legacy data migration, master data management, integration, and parallel accounting.
• Reporting and Valuation: CDS view reporting apps, specialized valuations, and depreciation keys.
• Migration and Customization: Support for transitioning to the new asset accounting system, including structuring and data transfer.

Bank Accounting

For bank accounting, the vConsultant supports:

• Payment Processes: Setting up multi-tiered banking routes, check management, cashbook maintenance, and manual bank statements.
• Automation: Leveraging SAP Cash Management, machine learning in SAP Cash Application, and lockbox functionalities.
• Payment Workflows: Handling recurring postings, payment runs, and payment instructions.

Accounts Receivable and Payable

In the area of accounts receivable and payable, the vConsultant addresses:

• Business Partner Management: Managing and maintaining central business partners, including critical change checks.
• Payment Processes: SEPA direct debits, credit card payments, and payment authorizations.
• Compliance: Setting up dunning forms and sanctions/embargo checks.
• Correspondence and Reporting: Managing correspondence and maintaining master data.

General Ledger

The general ledger is the backbone of financial accounting. The vConsultant supports:

• Configuration and Master Data: Setting up ledgers, defining currencies, account determination, and parallel accounting.
• Reporting and Analysis: Providing structures for financial statements, e-balance sheet data, report painter reports, and segment reporting.
• Periodic Activities: Support for closing tasks, interest calculations, and data preparation.
• Integration: Connecting controlling with financial accounting and adapting processes for the cost of sales method.

Group Reporting

For organizations preparing financial group reports, the vConsultant provides:

• Real-Time Consolidation: Configuring consolidation models, initial configuration, and data release.
• Data Migration and Preparation: Assisting with migrations from SAP S/4HANA 1610 or 1709 and consolidating group entities.
• Intercompany Reconciliation: Automating and reconciling intercompany transactions.

Special Ledger

The vConsultant helps businesses unlock the potential of special ledgers by:

• Configuration: Setting up ledger-specific scenarios and posting rules.
• Integration: Connecting special ledgers with other SAP applications.
• Periodic and Planning Activities: Supporting planning and executing actual postings.