Implementing SAP S/4HANA Finance

Anup Maheshwari is a proficient SAP S/4HANA Finance professional with more than 17 years of IT and business consulting experience in managing and delivering complex SAP projects focused on finance efficiency, productivity and profitability. He has led design, migration, and implementation teams in some of the first global deployments of SAP S/4HANA Finance, having already successfully led more than 10 full lifecycle and global roll-out SAP implementation projects across North America, Europe, and Asia Pacific.Anup has been responsible for the design and implementation of SAP S/4HANA Finance business design, strategy, and solution; proposing best business practices, managing the end-to-end delivery from architecture, configuration, solution building, development, test strategy and execution; and working with clients to improve their business performance, drive shareholder value, and create a competitive advantage by helping clients solve complex business problems. Anup's SAP functional experience includes SAP S/4HANA Finance, collaborative finance operations, New Cash Management, SAP Integrated Business Planning, SAP Financial Supply Chain Management, New General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, Controlling, and Travel Management modules of SAP. Anup has a master's degree in business administration and another in project management from George Washington University in Washington, D.C. He is a Stanford Certified Project Manager and a PMI-certified project management professional (PMP). Anup is a chartered financial analyst and is also a Certified SAP Consultant.You can reach Anup Maheshwari at anupmah@gmail.com

Preface
About This Book
Acknowledgments
Introduction
Evolution of the Chief Financial Officer
Benefits of SAP S/4HANA Finance
Functional Changes with SAP S/4HANA Finance
System Architecture with SAP S/4HANA Finance
Migration to SAP S/4HANA Finance
Summary
Migrating to SAP S/4HANA Finance
Preparation
Check Functional Scope and Restrictions
Feasibility Checklist
The Maintenance Planner and Prechecks
Check Custom Coding
Check Sizing
Precheck for Migration to New Asset Accounting
Activate Business Functions
Check and Activate New Depreciation Calculation
Consistency Checks
Perform Period-End Closing Activities
Consistency Check before Activation of SAP S/4HANA Finance
Execute Business Reconciliation
Summary
Installation and Upgrade
Installation and Upgrade Checklist
Review Data Model Changes
Use the Maintenance Planner
Install the Related Software Component Version
Apply SAP Notes
Content Deployment with SAP HANA Application Lifecycle Management
Perform HANA-tization
Optimization
Summary
Preparation and Migration for General Ledger
Activate SAP Reference Implementation Guide for Financial Accounting (New)
Check and Adopt Fiscal Year Variants
Define Currency Settings for Migration
Migrate General Ledger Customizing
Define Settings for Ledgers and Currency Types
Define Ledger Groups
Assign the Accounting Principle to the Ledger Group
Review the Assignment of Ledger and Company Code to Accounting Principles
Define the Ledger for the Controlling Version
Define Document Types for Postings in Controlling
Define Document Type Mapping for Controlling Business Transactions
Check and Define Default Values for Postings in Controlling
Define the Offsetting Account Determination Type
Define the Source Ledger for Migration of Balances
Check and Define Settings for Substitution for Cost-of-Sales Accounting
Check and Define Settings of Controlling Area
Execute Consistency Check of General Ledger Settings
Activate Business Functions
Key Changes to the General Ledger
Key Changes to Period-End Closing
Summary
Preparation and Migration for Asset Accounting
Prerequisites
Install SAP S/4HANA Finance with New Asset Accounting
Migrate Charts of Depreciation
Customization Prior to Activation
Check Prerequisites for Activating New Asset Accounting
Determine Active Charts of Depreciation
Change Definitions of Depreciation Areas
Specify Transfer of Acquisition and Production Cost Values
Specify Transfer of Depreciation Terms
Activate New Asset Accounting
Adjust Parameters in Charts of Depreciation
Display Migration Log
Key Changes to Asset Accounting
Summary
Preparation and Migration for Controlling
Execute SAP Business Warehouse Delta Extraction for Account-Based Profitability Analysis
Adapt Settings for Profitability Segment Characteristics
Maintain the Operating Concern
Activate Account-Based Profitability Analysis
Transport Operating Concern
Preparations and Migration for Material Ledger
Key Changes to Controlling
Key Changes to Profitability Analysis
Key Changes to Cost Center and Profit Center Accounting
Summary
Preparation and Migration for House Bank Accounts
Define Number Ranges for Bank Account Technical IDs
Define Number Ranges for Change Requests
Define Settings for Bank Account Master Data
Summary
Data Migration
Partitioning of the Universal Journal Entry Line Items Table
Regenerate CDS Views and Field Mapping
Analyze Transactional Data
Display Status of Analysis of Transactional Data
Start and Monitor Data Migration
Migration of Cost Elements
Technical Check of Transaction Data
Material Ledger Migration
Enrichment of Data
Migration of Line Items into New Data Structure
Migration of Balances
Calculation of Depreciation and Totals Values
Migrate General Ledger Allocations
Migrate House Bank Accounts
Credit Management Migration
Complete the Migration
Migration with Near-Zero Downtime
Summary
Postmigration Activities
Run Reconciliation Reports to Check Data Consistency
Validate Business Process to Ensure Successful Migration
Transfer Application Indexes
Display Status of Application Indexes Transfer
Fill Due Dates in FI Documents
Display Status of Filling Due Dates in Financial Documents
Fill the Offsetting Account in Financial Documents
Display Status of Filling Offsetting Account in Financial Documents
Enrichment of Balance Carryforward
Manual Activities for Credit Management
Deactivate Reconciliation Ledger
Summary
Postmigration Testing
Test SAP HANA-Optimized Report Transactions
Test Multidimensional Reporting Capability
Test Database Footprint Reduction
Test Intercompany Reconciliation
Test the New Process Redesign
Test Closing Improvement
Test the Universal Journal
Execute Change Management
Summary
Setting Up New Financials Functionality
SAP Cash Management
Validate Prerequisites
Set Up Bank Account Master Data
Define the Payment Approval Process
Enable SAP Business Workflow for Bank Account Management
Create Cash Pools for Cash Concentration
Manage Cash Operations
Load Data to One Exposure from Operations
Set Up Cash Management Transaction Data
Set Up SAP Liquidity Management
Set Up Liquidity Planning
Key System Changes
Summary
SAP BPC for SAP S/4HANA Finance
Planning Overview and Activation
Architecture
Authorizations
Activate Embedded SAP Business Warehouse
Activate the SAP BusinessObjects BI Content Bundle
Test the SAP Business Warehouse Installation
Activate Services and Test Planning Applications
Planning Modeler
SAP BusinessObjects Analysis for Microsoft Office
Key System Changes
Summary
SAP Fiori Applications
SAP Fiori Project Phases
Architecture
Configure SAP Fiori
Install SAP Fiori Apps
SAP Fiori Launchpad
SAP Fiori Application and Roles
SAP Smart Business Application and Roles
Summary
Appendices
Central Finance
Project Plan for SAP S/4HANA Finance Migration
The Author