Sap s4 hana 1709 what's new in central finance
- 1. PUBLIC Christoph Ernst, Michel Haesendonckx, SAP October, 2017 SAP S/4HANA 1709 What‘s new in Central Finance?
- 2. 2PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ The information in this presentation is confidential and proprietary to SAP and may not be disclosed without the permission of SAP. Except for your obligation to protect confidential information, this presentation is not subject to your license agreement or any other service or subscription agreement with SAP. SAP has no obligation to pursue any course of business outlined in this presentation or any related document, or to develop or release any functionality mentioned therein. This presentation, or any related document and SAP's strategy and possible future developments, products and or platforms directions and functionality are all subject to change and may be changed by SAP at any time for any reason without notice. The information in this presentation is not a commitment, promise or legal obligation to deliver any material, code or functionality. This presentation is provided without a warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. This presentation is for informational purposes and may not be incorporated into a contract. SAP assumes no responsibility for errors or omissions in this presentation, except if such damages were caused by SAP’s intentional or gross negligence. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not be relied upon in making purchasing decisions. Disclaimer
- 3. 3PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Introduction ▪ Information resources ▪ Deployment options/Cloud offerings Central Finance ▪ Fiori ▪ Central AP/AR management ▪ Enhanced VAT/TAX Configuration check ▪ CO-PA support ▪ Third party interfaces Financial Planning & Analysis ▪ Fiori ▪ Profitability Analysis ▪ Planning Content ▪ Material Ledger ▪ Semantic Tagging ▪ Flexible Hierarchies ▪ Value-added cloud services Accounting and Financial Close ▪ Fiori ▪ Subsequent introduction of document splitting ▪ SAP S/4HANA Financial Closing cockpit ▪ SAP S/4HANA for advanced compliance reporting ▪ Real time consolidation Treasury Management ▪ Fiori ▪ Innovations of Core Treasury ▪ Value-added cloud services ▪ SAP Cash Management innovations Financial Operations ▪ Fiori ▪ Integration with Business networks ▪ Value-added cloud services ▪ SAP Shared Service Framework Agenda
- 4. Fiori
- 5. 5PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Fiori – Drill-Back to Source Document
- 6. 6PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Fiori – Drill-Back to Source Document
- 7. 7PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Fiori – Drill-Back to Source Document
- 8. 8PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Fiori – Drill-Back to Source Document
- 10. 10PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Open item management in Central Finance Open items are replicated into Central Finance. To avoid duplication of effort to pay/clear, there are the following options: Open item Clearing Open item Tech Cleared Open item Clearing Open item Clearing Open item Tech Cleared Open item Clearing Local Central Finance Local Central Finance Local Central Finance Replicate open item and automatically/technically clear in Central Finance • Available as of 1503 • Continued open item management in source system Replicate open item and clearing status in Central Finance • Available as of 1605 • Continued open item management in source system • For restrictions and further information, please see note 2292043 Replicate open item and automatically/technically clear in local system • Centralized open item management in Central Finance system • No Central Finance-specific technique for posting back to the source systems (project solutions based on existing scenarios) Not suitable for central reporting or central processing (since clearing status not correct) Centralization of finance operations reporting and central process orchestration • A/R and A/P reporting (cross-system view of customer or vendor account) • Central dispute management, collections worklist and credit evaluation scenarios • Shared services and invoice management scenarios Similar to existing ALE scenarios, these are customer- specific scenarios where consistency in certain local logistics processes must be determined in a case-by- case analysis *ALE, RFC, other Other* Other* SLT SLT SLT SLT SAP S/4HANA 1709 Released with restrictions
- 11. 11PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Central process execution for AP / AR processes Open items technically cleared SAP HANA Central Finance Central Payments Central Internal Payment Central External Payment Central Incoming Payment ERP Real status of open item (including payments and bank statements) tracked in Central Finance system Bank account management maintained in CF system (optional SAP MDG), when using new SAP Cash Management HANA optimization of payment proposal generation All open item related processes must be executed in Central Finance instance as well (example: dunning, collections, disputes, cash application) Credit, Collections, Disputes Business Values Reducing the number of external bank accounts / fees Limit credit charges in case of overdraft Bundle external payments and save charges on cross border payments Centralize payment knowledge and optimize process in shared service center Use SAP Standard interface for uploading bank statements to a central platform Monitoring of bank communications and transactions BANKS Open Item Open Item Cash Application
- 12. 12PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Released with restrictions – what does that mean? SAP releases Central Payments / Central Finance capabilities in SAP S/4HANA OP 1709 with the status “Released with Restrictions” • Functional Restrictions • Tax-related restrictions (VAT and Withholding Tax) when paying centrally, tax reporting (for VAT and Withholding Tax can only be done in the Central System) not all reports (and country variants) are supported We still use Note 2346233 to limit access / document restrictions and ensure customer accepts limitations Customer can use the scenario productively after they have completely tested all relevant process variants and scenario
- 13. 13PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ 1610 Pilot Release Limitations for central payment scenarios 1709 Improvements for central payment scenarios Logistics processes in source system that depend on actual clearing status of invoices in the source system may need to be modified: with the technical clearing of the documents in the source system, AP and AR reports in the source system do not indicate the actual clearing status. No changes planned in standard Central Finance product. In implementation projects, ALE scenarios can be built to push status back to source system (not recommended). Logistics process can be modified to query Central Finance system. Payment request (and down payment request) has to be created in the Central Finance system in order to apply it to the central payment. Customer can extend replication to include these items in their implementation project; standard solution is not included in 1709, but remains a roadmap topic. Central handling of SEPA Direct Debit is not automated because mandates are not replicated and synchronized. Mandate replication and synchronization supported. If mandate created in local logistics process, it will be replicated to central system; if mandate is created in central system, it could be replicated back to local in ALE scenario. Credit card sales for customers Credit Card sales will work if settlement run is triggered from the local system One-time-account postings (customer and vendor) One-time vendor / customer postings working The legacy open items that you have in the source system before switching to central payment have to be paid and cleared in the source system. No change planned Limitations associated with the Central Payments scenarios *Always consult SAP Note 2346233 for updated information regarding the functional limitations of centralizing payments.
- 14. Enhanced VAT/TAX Configuration Check (SAP S/4HANA 1709 FPS0)
- 15. 15PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ It is possible to activate an enhanced check for tax related postings Activation per combination of Source System and Source Company Code With Central Payments this check is mandatory! Prerequisite: SLT real-time replication of source system customizing (SAP Note 2494127) Caution: Central VAT and Withholding Tax reporting is not possible for all cases -> see documentation! not all reports (and country variants) are supported Activate VAT Configuration Check for Company Codes
- 16. 16PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Tax type does not match in source and target Indicator "Not deductible" does not match in source and target Activation status of plants abroad does not match in source and target Indicator "Tax Base is Net Value" does not match in source and target Indicator "EU Country" does not match in source and target Reporting country does not match in source and target … All Error Messages are defined in Message Class FINS_CFIN_BC_V Tax Customizing Consistency Check – Error Situations (Examples)
- 17. 17PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ SAP HANA Tax Customizing Consistency Check – SLT Replicated Content HANA Enterprise Cloud HANA Enterprise Cloud Real-time replication with SAP Landscape Transformation Replication Server SAP MDG Existing Master Data Governance Tool SAP S/4HANA – Central Finance Central Finance Accounting Interface Business Mapping Error correction handling Universal Journal Entry SAP ERP ERP T000F T001 T005 T007A T007B TTXD FINS_CFIN_T000F FINS_CFIN_T001 FINS_CFIN_T005 FINS_CFIN_T007A FINS_CFIN_T007B FINS_CFIN_TTXD Table to Table T000F T001 T005 T007A T007B TTXD Tax Customizing Consistency Check (after Mapping) FI / CO Document FI/CO Postings
- 18. CO-PA Toolset
- 19. 19PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Today a replication from costing-based CO-PA in a SAP ERP source system (ECC or S/4) into (account-based) “Profitability in SAP S/4HANA ” in the Central Finance is not supported out-of-the- box. A standard replication as part of the Central Finance set of enabling capabilities is a planned roadmap item. In the interim, with SAP S/4HANA 1709, we provide a tool-set for such replication as part of a custom implementation project. The tool-set includes: • CO-PA mapping tool • Enhanced replication CO-PA Toolset
- 20. 20PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Characteristics Mapping NAME_VALUE_TABLE Fieldname Value Source Central CE4XXXX Convert to name-value table FI Doc CO Doc CE4 Rebuild CE4 structure New PA segment number Customizing Characteristics Mapping Universal Journal` CO Doc FI Doc Characteristics NAME_VALUE_TABLE Fieldname Value Document Replication Semantically identical characteristics can have different names in the different systems
- 21. 21PUBLIC© 2017 SAP SE or an SAP affiliate company. All rights reserved. ǀ Third-Party System Connection to Central Finance Solution Overview SAP delivers: ▪ Staging Area ▪ Mass Data Transfer Tool (SLT) ▪ CFIN specific posting interface Partner delivers: ▪ Connection to 3rd Party System ▪ Structure Mapping to CFIN Posting Interface Usage of transfer layer ensures: ▪ Clear separation of responsibilities ▪ Standard tools for monitoring (AIF) Acctng. Docmnt *) *) Error Handlng Key/ Value Mapping Transac Control Data Integrity Structure Mapping Quality Check Data Extracti on Non SAP ERP Source Transfer Layer Staging SAP S/4HANA CFIN ACDOCA Transfer Programm Inbound Mapping 3rd pty itf Customer / Partner SAP AIF Enrich / Error Correcti on