ERPfixers Blog Series
ERPfixers
How to Set Up Cross-System Reporting with SAP ...

In March 2024, SAP announced the latest capabilities in SAP Datasphere, focusing on streamlining the business data fabric, which seamlessly connects various SAP and third-party data sources. These advancements are set to transform how enterprises manage and report data, providing a unified platform for real-time data integration and analysis. For example, Hershey’s is using SAP Datasphere in combination with SAP S/4HANA to build a modern data analytics platform that enables business self-service and trusted data models for decision-making.

These new features include the integration of SAP Analytics Cloud with SAP Datasphere for seamless planning and analytics. Business users can now take advantage of advanced capabilities like Monte Carlo simulation for risk analysis and planning adjustments, all powered through a simple chat interface. This kind of integration enhances operational and financial planning by providing a unified model for data preparation, analytics, and planning.

Moreover, SAP has collaborated with leading partners like Collibra and Confluent to expand its data and AI governance capabilities. Collibra AI Governance ensures trusted and compliant use of data within AI models, while the Confluent integration allows for real-time data streaming to and from SAP Datasphere, making the data management ecosystem more robust and user-friendly. These partnerships emphasize SAP's commitment to creating a comprehensive, open data ecosystem that can effectively meet the diverse needs of enterprises.

With all these updates, SAP Datasphere stands out by providing an advanced and integrated data foundation, allowing enterprises to set up cross-system reporting efficiently without sacrificing context, security, or performance. Let’s now dive deeper into the steps you can take to set up cross-system reporting with SAP Datasphere and leverage its latest innovations for your organization.


How to Set Up Cross-System Reporting with SAP Datasphere
ERPfixers Blog Series
ERPfixers
The 2024 SAC Q3 Update: Transforming Financial ...

SAP Analytics Cloud (SAC) propels into Q3 2024, leveraging new features that enhance financial planning and strategic decision-making. This quarter, SAP introduces deeper integrations with Microsoft PowerPoint and advanced forecasting tools, paralleling innovations seen in tech leaders like Google and Amazon.

The highlight is the integration with Microsoft PowerPoint, allowing for live data updates directly in presentations—vital for real-time business decision-making. Deeper integration with Microsoft PowerPoint now allows financial planners to present up-to-the-minute financial data directly in their strategic presentations, ensuring decisions are based on the latest insights.

The 2024 SAC Q3 Update: Transforming Financial Planning in SAP Analytics Cloud
ERPfixers Blog Series
ERPfixers
SAP Revamps Advanced Financial Closing Solution ...

SAP has introduced a transformative update to its Advanced Financial Closing (AFC) solution with the introduction of Company Code Groups, allowing finance teams to streamline and organize financial closing tasks more efficiently. For those new to this, AFC is a robust SAP solution designed to optimize the complex process of financial closing by automating tasks, enhancing reporting accuracy, and reducing closing times.

This update marks a significant milestone for global enterprises like Siemens and Nestlé, which now have enhanced capabilities to streamline their financial operations efficiently across various business dimensions.

The new Company Code Groups feature revolutionizes financial closing by allowing more dynamic, customizable groupings of company codes. This means finance teams can tailor their processes to fit distinct business units or geographic regions with unprecedented precision. This tool simplifies handling your finances, making sure everything's up to standard with rules like IFRS and SOX, and lets you check your financial status on the fly, all from one spot.

In this blog, you will discover how SAP’s latest innovation in AFC will significantly reduce the complexity and duration of financial closing processes. We’ll delve into the technical nuts and bolts of Company Code Groups, explore their impact on flexibility and efficiency, and look at real-world applications that demonstrate why this tool is essential for today’s multinational corporations.

SAP Revamps Advanced Financial Closing Solution with New Company Code Groups
ERPfixers Blog Series
ERPfixers
SAP Sets New Standards in Business AI ...

With the ongoing generative AI boom, businesses are seeing unprecedented scalability and accessibility in AI applications, making advanced AI tools available not just to large corporations but to startups and mid-sized businesses as well​. The blend of these advancements with SAP’s innovative approach paves the way for a transformative era in business technology.

SAP Sets New Standards in Business AI Implementation
ERPfixers Blog Series
ERPfixers
Real-Time Reporting in S/4HANA Finance: 5 Key ...

This article delves into the concept of real-time reporting, highlighting the fundamental differences between real-time and traditional reporting. We'll then explore five key advantages that real-time reporting in S/4HANA Finance offers, such as enhanced decision-making, improved operational efficiency, etc.
Additionally, we will discuss the key features of S/4HANA Finance that support real-time reporting, and how businesses can leverage embedded analytics within S/4HANA and SAC for practical real-time FI reporting use cases. 

Real-Time Reporting in S/4HANA Finance: 5 Key Advantages for Your Business

Events

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Amsterdam Financials 2017

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SAP Financials Help

ERPfixers is honored to announce that Paul Ovigele, Founder of ERPfixers, will present at the Financials 2017 Conference. The definitive conference for organizations using SAP solutions for finance to drive accounting, controlling, planning, and reporting excellence. Join us!

 

Our Session(s):

Tackle your most common financial pain points using existing and new SAP functionality

Wednesday, 14 June, 2017 16:30 - 17:30 G102

Speaker: Paul Ovigele, ERPfixers Founder

Learn the how-tos, gotchas, and workarounds you need to know to conquer the most common challenges associated with financial and managerial accounting, including the reconciliation of CO-PA with SAP General Ledger, and using cost component split functionality. Get expert advice to:

- Deal with the timing difference of goods issues between FI and CO-PA

- Learn the changes to CO-PA with SAP S/4HANA Finance

- Ensure that credit and debit memos, which relate to price alone, do not update the Cost of Goods Sold (COGS) value field in CO-PA

- Handle the posting of discount conditions to CO-PA

- Configure the cost component split using SAP S/4HANA Finance

- View cost of sales postings in the SAP General Ledger by cost component

Ask the Experts FIN and GRC

Wednesday, 14 June, 2017 17:45 - 18:30 Exhibition Hall

Speaker: Paul Ovigele, ERPfixers Founder

Sit down with leading experts who manage, deploy, and support SAP environments to get detailed answers to your toughest questions. Draw on the real-world experiences from some of the industry’s top technologists and tap into one-on-one time with experts and walk away with detailed answers to the questions that matter to you most.

SAP Material Ledger: Guidelines and Benefits

Thursday, 15 June, 2017 10:45 - 11:45 G105

Speaker: Paul Ovigele, ERPfixers Founder

Take a comprehensive look at material ledger, including what it does, when you should use it, and how to interpret its results. Delegates will:

- Discover how to properly analyse material ledger information using the Material Price Analysis report

- Find out how long the typical material ledger implementation should take

- Hear how certain companies have used material ledger to solve their transfer pricing and intercompany elimination requirements using standard SAP functionality

- Walk away with a clear understanding of how material ledger fits in with SAP S/4HANA Finance functionality

 

TWEET us at #Financials2017!

@ERPfixers #ERPFixers