Is this the right time to do SAP Simple Finance Training?Category: SAP S/4HANA Finance Posted:Feb 09, 2017 By: Alvera Anto
There is no doubt that SAP Simple Finance now simplifying the platform of Finance. With the introduction of Simple Finance, entire finance agents and financial officers are moving towards SAP. Formulating the new features of SAP Simple Finance is very simple as well as comfortable for user experience. The common question that most professionals arise is “Is this the right time to do SAP Simple Finance Training?” Undoubtedly, the answer to this question is “Yes”. Here in this post, you will get an idea about why this is the right time to enroll in SAP Simple Finance Training.
SAP Simple Finance
It is the hottest iteration of in-memory technology. Simple Finance is technology, which has already enhanced reporting and analytics significantly. It is available as an add-on to the existing business collections. Since Simple Finance integrates entirely with a company’s existing finance application, It enables fundamental simplification and re-engineering of financial processes.
For finance application users, SAP Simple Finance offers easier practice from process starting stage to deployment stage.
Checkout the Article-SAP HANA, S/4HANA, and S/4HANA Finance in a Nutshell
What SAP Simple Finance Offers?
The SAP Simple Finance offers a new code to users in specific areas. It includes entire existing SAP Finance Solutions, which are available for deployment in the enterprise cloud. It provides reliable finance solution scope and also makes the complex finance tasks and functions to perform effortlessly and convey sophisticated abilities.
The following is an outline of what the SAP Simple Finance exactly offers:
- Financial Planning
- Financial Analysis
- Financial and Accounting Close
- Financial and Treasury Risk Management
- Enterprise Threat and Compliance Management
- Cooperative Finance Operations
Here is a deep analysis of the benefits of SAP Simple Finance:
- SAP Simple Finance offers a single source of fact between analytics and transactions to streamline as well as eliminate reconciliations and cycle time of the data
- It innovates faster forecasting and planning, combined with extrapolative analysis to discover new business suite and allows immediate access to potential possessions on the baseline
- It includes novel on-the-fly capacities for shifting finance processing like month-end activities
- It provides new reporting and analytics support for finance users along with self-service execution with entire details allowing immediate insight-to-action.
- It includes global regulatory compliance abilities across languages, currencies, and industries with inbuilt legal compliance abilities as well as continuous risk valuation along with entire enterprise processes
- It offers links to business networks in the real world to create a united business ecosystem and support drive optimum collaboration with suppliers, customers, government, and bank authorities
- It is possible to get rapid reporting for even the lowest range of detail
- It provides real-time reporting without data latency
- It notably enhanced the execution speed
- It allows rapid execution of closing functions like evaluations, data processing, allocations, and re-groupings
What is the Value and Performance of SAP Simple Finance Training?
Training and certification on SAP Simple Finance offer something beyond the expectation of the trainees. It makes them aware of what exactly the software people are doing in the workplace. If you require low risk or smooth operation of the internal Information Technology groups, within budget and on-time implementation from an SAP partner, it is advised to have certification from the SAP. Since the certification ensures that the trainees receive the IT value, they need to succeed.
Here is an outline of what trainees exactly want from IT
Most of the enterprises require less risk, faster deployment, and high performance.
- Around 64 percentage of enterprises report that affecting enterprise software arrangement on time is extremely challenging.
- Around 56 percent of projects run over the budget.
- Around 54 percent of projects run over the scheduled time.
- Because of these reasons, enterprises provide more value to certified professionals.
- Around 76 percentage of certified professionals mentioned that they’re more confident in their capability to implement Information Technology Systems on time and budget.
- However, only 67 percent of uncertified professionals mentioned that they’re more confident in their capability to implement Information Technology Systems on time and budget.
- Here is a reason why customers show more value to the certification
- Around 80 percent of companies mention that an IT talent gap is harmfully influencing their productivity.
- Around 56 percent of employers don’t have a method or process in place for discovering the skills gap in IT.
How The Certification On SAP Simple Finance Supports The Companies?
- Lower Risk – The certified IT people in the companies alleviate risk by finishing more projects within the budget and on time.
- Instill Confidence – The certified IT people in the companies have a clear idea of the technical abilities that offers the organization and the confidences continue with novel technology challenges.
- Increase Adaptation – The certified IT people in the companies understand the entire process of the software that leads to advanced user acceptance.
The following figure shows the growth rank of professionals who have SAP certification:
At these times, the salary range of the certified professionals continues to increase and it is comparatively better than other professionals are.
Why Are Companies Migrating To Simple Finance?
With the increase in enterprises migration to SAP Simple Finance, there is no demand for certified professionals. Let us know the three important reasons why companies are migrating to SAP Simple Finance.
- Upgrade – After two decades, SAP Simple Finance has modified the company’s ERP Architecture to the evolution system from R/3 to the S/4 HANA. Simple Finance continually includes new upgrades; hence, there have been always new enhanced features and functionalities in the novel products. This leads to a sense to make use of the latest version.
- Reports – Since SAP S/4HANA powers the Simple Finance training, it is possible to receive live reports of HANA, SFIN reports, and FIORI Apps by bringing it to a new range.
- Speed – Since Simple Finance is running on the HANA database, the execution of querying and transaction reports have developed significantly faster.
What are the benefits of SAP Simple Finance Training?
The SAP Simple Finance training will happen in specifically demand, convenient and user-friendly for new clients. This training is well structured to make the trainee the expert, especially in creating finance solutions with Simple Finance Platform. It offers easy and flexible consumable reporting. In addition, the training supports to automate the processes. Learning business will challenge SAP Simple Finance without HANA. The novel HANA is depended on Architecture, Structure of Journal, Cost Elements and Merging G/L Accounts. Others are depending on Compatibility Views, Depreciation Runs as well as Multidimensional Profitability Analysis. For addressing flexible operational reporting requirements, conceptual benefits in reporting and meeting the challenges, an SAP Simple Finance is required. It combines Accounts & Cost Elements, Advances for End users and Accounts & Other Hierarchies.
Because of the above reasons, there is more demand for SAP training centers. Moreover, in order to meet the demands, several numbers of reputed training centers are emerging in recent times. In the SAP Simple Finance Training, certified and working Simple Finance professionals take the training classes. Hence, there is 100 percent Quality Assurance. The experienced practitioners will teach trainees the essential of that they want to be aware of to begin their career in SAP Simple Finance.
Why Is It Essential To Enroll The SAP Simple Finance Training?
In order to have learned lessons, overview and key points of SAP Simple Finance implementations, it is advised to join the SAP training course. There are two main strategies to learn SAP Simple Finance. They are:
- Without Migration
The migration is essential if the enterprise is planning to move from existing ERP units to the novel ERP unit. On the other hand, if the company requires a new ERP system for just updating their financial applications, then the migration is not essential, but table migration is mandatory.
The fundamentals to learn Simple Finance is to possess some useful knowledge of financial applications. The database of the traditional financial system requires more efforts in hard disk optimization, whereas SAP Simple Finance focus mainly on optimizing access of memory between the main memory and the CPU. The main vision of the SAP Simple Finance training is to offer its trainee to have a simple digital economy.
It has designed to initiate instant assessment across shapes of industries and businesses with ultimate simplicity. This course provides a unique chance to reinvent the essential business models and bring new profits and revenue.
Go through our SAP S/4HANA SIMPLE FINANCE EXAM C_TS4FI_1610 Certification Made Easy to crack the Interviews.
Interesting Facts About The SAP Simple Finance Training
The courses of SAP Simple Finance offer simple user advantages that can be simply understood. Moreover, it can function on any device
- It includes a simple table structure that lessens the data footprint
- This training offers flexible analysis with the support of the drill-down techniques
- The options of deployment are effortless in the cloud and on-premises
- It offers real-time and transacts plan in one combined system
- It generates higher throughputs
- It includes less processing steps
- It includes extensive workload capacity
- Moreover, SAP Simple Finance Training is offered in an open environment through HANA cloud platform
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SAP Simple Finance is creating millions of job opportunities and looks to be a great career option in the long run. With the right skills and certification, you too can become successful in SAP Simple Finance.
I hope that by now you have had an overview of SAP S/4 HANA Finance. Before you enroll in ZaranTech’s certification course on SAP S/4 HANA Finance, do check out the S4 HANA Finance demo: