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S/4 Finance- Blog series-6- 1511 changes in details

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Hi Guys,

It is the holiday season and want to sign off with one last blog

In my last attempt to outline the changes of 1511 in blog:-S/4 Finance- Blog series-5- 1511 and its details

I was more focused on overall changes in S/4 HANA and some bit on Financial related changes. In this blog, I will try to delve more into the changes and features of 1511 version or SP03 of 1503 S/4 HANA Finance.

 

Migration & getting on 1511

With 1511, there are some significant changes like ML becomes mandatory & Credit management ( AR) is removed and FSCM is the way to go.

These are also reflected migration steps and flow

 

So your steps and prep steps in 1503 would look like:-

1503.jpg

and the next version (1511) will be:-

migr-2.jpg

Note the highlighted steps which has come as part of 1511. This means that migration to 1511 will have these additional steps to be performed.

I will cover migration separately as that is a vast topic.

Implication- ML & Credit management changes will mean that any client migration to 1511 should review and have a Credit management & Inventory valuation design in place. This is especially for client going by upgrade route from 6.0X to 1511

 

Other changes & features


Changes in IBP & Planning solution

In the 1511 release, SAP has brought about a new feature of simulation for IBP. This is a wonderful addition and make the IBP solution more robust.

So with this you can perform simulation and create various planning scenarios.


 

simlum.jpg

New Fiori apps to make life easier

SAP has come out with a few more very interesting Fiori apps inn 1511 release.

 

Asset master list

This will get you the report on various type of asset and their current status. You can drill down and evaluate more details

asset master.jpg

Check Management

This is a very nice area where SAP focused on providing Fiori apps. This should help to better manage checks and flow of money

check-1.jpg

Here you have an apps which simulate your checkbook and provide you usage details

 

check-2.jpg

This is a Fiori apps for our check register and will provide details on status of the checks

 

Other apps

-Carry forward ( to analyze the balance carry forward & execute the process)

-Post Currency adjustments manually

-Post taxes manually

-Audit Journal-for Audit related reporting

 

Changes in Credit Management

FSCM-Credit management is the way to go with 1511, with AR-Credit not being supported. Hence you need to perform a initial migration.

There are also changes in technical architecture & solution offering.

 

Changes in Inventory valuation

SAP will be using new table structure for inventory valuation and this mandates usage of Material Ledger ( though not actual costing).

 

Availability & Localisation

Below given chart shows the availability of 1511 solution & current set of localisation that are available

countnry.jpg

 

With this I come to an end to this blog,

Hope you guys found it useful, do provide your feedback in comments & messages,

Once again have a good break and wish you a wonderful new year.

Regards

Rishab

 

Other blogs in the series:-


SAP Appendix ledger

SAP Simple Finance blog series-1-Parallel Accounting with multiple Ledger & Extension (Appendix )Ledger Usage

Reporting options with S/4 HANA

SAP S/4 Finance blog series-2-Reporting options with COPA as use case

IBP Setup and overview

SAP S/4 Finance blog series-3-SAP Integrated Business planning-Overview & Setup

CO-FI initial setup

SAP S/4 Finance blog series-4-Changes in Controlling & how to use them


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