This document discusses the benefits of upgrading existing ERP systems to harness the benefits of the new technology that comes through SAP Business Suite powered by SAP HANA which is simple yet fast, and with options to go for easy-to-use, ergonomic and graphic user experience provided by the FIORI user interface. S/4 Finance and S/4 Logistics are add-ons for the SAP Business Suite powered by SAP HANA which come with simpler data models and replace the classical financial applications available in ERP systems. A user can have finance in FIORI with sFin. The article also explains that S4 HANA database being a prerequisite for Simple Finance, once S4 HANA upgrade is done on the system, migration of S/4 Finance and S/4 Logistics is to be initiated in that order. This broadly involves the steps involving configurations to be done and migration steps to be carried out as detailed in the document further.
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SAP FI: Typical Steps Involved in Performing Outgoing Payments
This process covers the steps to be performed for payment to vendors in the SAP Finance module. Business Process: This process covers the payment to Suppliers, Contractors and Service Providers. The payments are made against the Bills received and cleared for payments. Payment terms and deductions may consist of Liquidated damages, Retention money, Mobilization Advance, … Read more