SAP S/4HANA Cloud 2102 Release highlights
SAP announced the RISE with SAP by the end of January 2021 as their Business Transformation as a Service. This program is to transform your business with a fast time to value in ONE bundle – from business process redesign to technical migration services and cloud infrastructure up to our Business Technology Platform, access to the Business Network, and our market leading intelligent ERP, SAP S/4HANA Cloud.
In this Blog we are presenting you the highlights of the updates of this SAP S/4HANA Cloud release 2102.
Flexible assignment of accounting principles to ledgers.
In order to run parallel accounting processes in your SAP S4HANA Cloud system, you need to use several accounting principles – for example German commercial code and accounting standards (HGB) as corporate accounting principle for the group, and the local GAAP in the company’s subsidiaries. With the innovation, it is now easier than ever to flexibly assign the required accounting principles to respective ledgers.
Governance Risk and Compliance (GRC)
With the first version of SAP Financial Compliance Management, SAP S/4 HANA Cloud offer an effortless way of maintaining your compliance processes. Whether it be documenting the processes in place or setting up checks and controls, the tool enables your organization to follow local laws and regulations fully automated. This includes automated and continuous monitoring of financial transactions and processes, to automatically detect activities which potentially cause financial loss and provide the opportunity to immediately react to them, eliminating problems before they even emerge.
Manufacturing & Supply Chain
Another great innovation comes from the field of predictive Material and Resource Planning (pMRP) in Manufacturing & Supply Chain: As part of the Define Flexible Constraints app, you can now create and maintain flexible constraints for multiple materials and production lines and directly use these in the pMRP application. This way, future constraints such as a limited supply of a group of purchased components or a limited output of production lines can be anticipated, making it easier for you to consider these constraints and their implications early in mid-term and long-term planning. Additionally, selecting the constraint scope and selection mechanism, as well as defining affected materials and conversion factors give the full user experience.
Sourcing & Procurement
New is the inquiry option in the approval process of purchase requisition documents through workflows, giving approvers the possibility to communicate with requestors before approving or rejecting the purchase requisition. You can take advantage of this improved interaction between requestors and approvers and reduce the chances of purchase requisition rejections, leading to a seamless user experience.
For the professional services scenario, the new flexible aggregation of data on customer invoices brings great benefits for our customers. With this functionality, you can modify the corresponding output-form template according to your business requirements and define your own criteria for aggregation, for example, by product, employee or work package.
Additionally, you are given the possibility to benefit from full flexibility in determining the group hierarchy to up to three levels. With this increased control over how the relevant billing data for project-based services is displayed we are meeting your expectations to the full extent.
Enterprise Portfolio and Project Management (EPPM)
The integration of enterprise projects with sales orders enables you to account-assign sales order items to billing elements. When account-assigning sales order items, you can derive profitability characteristics directly from the sales order.
In SAP S/4HANA Cloud 2102, we have introduced the N:1 object relationship, which is implemented as the “Multiple Sales Order Items Scenario” check box against Project with Revenue at the time of project creation. Selecting this check box enables the assignment of one billing work package to multiple pricing and billing relevant sales order items in sales, provided the revenue recognition key is the same across sales order items.
The Create Sales Orders – Automatic Extraction SAP Fiori app enables internal sales representatives to create sales orders from PDF files. How does this work? When a purchase order file in PDF format is uploaded, the system automatically extracts data from the file and determines master data. This data is then saved in a sales order request which you can later convert into a sales order. This process reduces manual efforts and ensures a highly user-friendly handling.
With SAP S/4HANA Cloud 2102, the app has been enhanced to simulate order creation and to show these order simulation results, as well as to enable you to create custom logic (BAdI) to overwrite changeable sales order request fields based on your custom proposal rules.
Solution Order Management in SAP S/4HANA Cloud 2102 includes Subscriptions for consumption-based business. The integration to SAP Subscription Billing enables Solution Orders to offer subscription services as well as sales and service products in a single order. This capability allows you to create subscriptions through Solution Order orchestration and to visualize the process flow in the Solution Order Progress app. Not only does this support the transformation of products to higher-margin solutions, it also increases your cash-flow and lowers your revenue leakage with near real-time rating and invoicing.
Machine Learning (ML) algorithms provide system support in maintenance notifications. As a maintenance technician or supervisor, you can use these Machine Learning algorithms to propose the most probable damage code by automatically analyzing information which has already been collected during the maintenance process. With this, you are able to improve your data quality for later breakdown analysis while simultaneously decreasing the time needed to assign the correct damage code to a maintenance notification.
With regards to Product Compliance, we have the continuous content delivery for phrases. Phrases are used as a value for specific fields like World First Aid Measures or Colours, containing standardized text strings in different languages, which allow you to transport and sell your products in many different countries. They are provided as SAP content for complying with regional, national, and international regulations. With this feature, we enable you to continuously consume phrases using SAP regulatory content and to simplify the process to receive fast and frequent updates. Additionally, the tool offers an automated update of these phrases whenever there are changes and enhancements, ensuring you to stay up to date with the latest set of phrases.
Environment, Health & Safety
With the monitor and analyze environmental emissions-relevant data feature we offer predictive learning algorithms and statistical methods to forecast emission data based on before known emission data. This forecasted emission data can then be compared to the environmental limits with the help of the Emission Forecast app, indicating future deviations or noncompliance at an early stage. Through the additional use of the Monitor Data app, you can analyze the environmental data of a single data set either graphically or in a table view, benefitting from all relevant information at one glance. This helps you to actively manage environmental data through approval, replacement, invalidation or triggering of deviation subprocesses based on the analytical insights in order to then proactively plan to avoid potentially unwanted events.
The integration of Financial Planning in SAP Analytics Cloud for SAP S/4HANA Cloud 2102 leverages the interconnected nature of the different parts of integrated financial planning to provide a driver-based simulation considering the logic and data of the included scenarios, such as by transferring sales quantities into product cost simulation, breaking it down to needed resources, and using it for cost center activity price calculation. This procedure supports the proactive business steering through efficient and integrated planning processes and facilitates the access to business-relevant key figures in order to understand whether the business is performing according to plan or any corrective action is needed,
The SAP Activate methodology uses SAP Best Practices for implementations and uses the agile methodology for quality control and rapid delivery. Adapting this methodology to our ever-changing environment is a crucial step to success. Therefore, again in this new year, we continue to focus on improving the experience for SAP Activate users in the SAP Roadmap Viewer. Recent innovations here include a new design and interaction with the tool such as the ability to pre-select your favorite SAP Activate Roadmaps, as well as a new guided experience for faster navigation and the translation to Chinese and Japanese. We invite you to join our SAP Activate JAM Community to engage directly with my team and other SAP Activate users.
SAP Intelligent Robotic Process Automation
With SAP S/4HANA Cloud 2102, we provide new automation contents around Finance, Manufacturing, Data Management and Project based services, to automate various business processes within SAP S/4HANA Cloud. Some key innovations include: Create and mass update of batch master data, automated generation of GL re-class postings, automatic update of business partners based on the employees’ master data, and so on.
We have another intelligent technology called Situation Handling, which not only informs users proactively about issues requiring their attention, but also provides related data for informed decisions and actions to solve a situation. With SAP S/4HANA Cloud 2102, we have delivered 11 new use cases in Finance, Service, Supply Chain and R&D Engineering.
More details of SAP S/4HANA Cloud Release 2021:
Read SAP S/4HANA Cloud release info here
Read Empowering Businesses to Seize Today’s Opportunities for Success here
Read Latest SAP S/4HANA Cloud Release Blogs here
View Product videos on the SAP S/4HANA Cloud YouTube playlist
Read SAP S/4HANA PSCC Digital Enablement Wheel here
Read Early Release Webinar Series here
Listen to the Inside SAP S/4HANA Podcast here
Read openSAP Microlearnings for SAP S/4HANA here
Discover the Best practices for SAP S/4HANA Cloud here