SAP S/4HANA Finance is a next-generation enterprise resource planning (ERP) system that builds on the in-memory database platform SAP HANA to enable real-time business processes. The finance application of SAP S/4HANA is designed to help organizations improve their business processes, especially financial and accounting processes.
Understanding the Basics
The previous generation of ERP systems, built on relational database management systems (RDBMS), were not able to process transactions or generate reports in real-time. As a result, organizations had to run reporting tools separately from their ERP applications and often settled for delayed or inaccurate data. In addition, those ERP systems were not well suited for mobile users who needed real-time access to data and the ability to collaborate with colleagues in different locations.
With SAP S/4HANA Finance, users have access to data in real-time so they can make faster decisions based on accurate information. The software also supports mobile computing, so employees can access information from smartphones and tablets when they are away from their desks.
SAP S/4HANA Finance also offers more flexible deployment options than its predecessor.
SAP S/4HANA Finance Features
Some of the most prominent features include:
To store info in the applications, SAP S/4HANA Finance uses in-memory computing. This enables it to access data quickly and support more frequent updates than conventional financial systems do, especially when used with a cloud infrastructure.
With SAP S/4HANA Finance, you can run queries on your company’s financial data and receive results immediately because there is no need for batch processing of information for reporting purposes.
The application integrates with other analytics tools such as SAP HANA and SAP Business Objects BI to give you a complete picture of your business’s financial health in real-time.
SAP S/4HANA Finance Benefits
SAP S/4HANA Finance offers several benefits over traditional finance solutions. These include:
Improved user experience
The SAP Fiori user interface offers an intuitive, modern user experience that makes it easy for users to conduct their daily tasks with minimal training.
The use of in-memory technology enables users to perform faster transactions while minimizing data transfers between systems and databases.
Improved data security
Data is stored in a central database where it can be accessed by multiple applications simultaneously without compromising its integrity or availability.
SAP S/4HANA Finance Certification
With SAP S/4HANA Finance Certification, you can prove your expertise in the SAP S/4HANA Finance module.
The certification validates your understanding of this financial module. Some of the common benefits of getting SAP S4 HANA Finance Certification include:
- It helps you to differentiate yourself from other professionals who are equally competent in their fields;
- It increases your marketability;
- It provides a boost to your career growth;
- SAP S4 HANA Finance Certification can help you land better job opportunities; and
- You will get an edge over other candidates during recruitment drives by employers.
Incredible Career Opportunities
There are many great opportunities for SAP S/4HANA Finance Certification holders. Whatever you want to do with your career, there’s likely a door that will open to you with this certification. You can become an accountant, a financial advisor, or even a corporate finance manager. Since SAP is a worldwide company, your certification will be recognized regardless of where you want to work in the world.
So, if you’re looking to step up in your career, getting SAP certified could very well be the best move forward. Sign up for a good SAP S/4HANA Finance course, go through the training, and successfully give the exam to get your certification.