SAP launched a new version of SAP S/4 HANA - 1909 in September 2019.
Below are some of the new innovations which are delivered with this version.
1. Universal Allocation :
With this feature, you can allocate and distribute overhead from one object to one or more others. For example, the costs incurred at a cost center that provided services for other cost centers can be charged to the requesting cost centers by means of overhead allocation.
You can use Universal Allocation instead of the traditional allocation functions for profit centers and segments known from General Ledger Accounting, where you can also periodically allocate amounts and quantities from sender to receiver objects. With the Universal Allocation features, however, you can manage and perform various overhead allocation and distribution tasks for different allocation contexts from two central apps – Manage Allocations and Run Allocations –, such as cost centers or profit centers, and for actual and plan data. You can periodically allocate amounts and quantities from sending objects to receiving objects.
2. Accruals Management:
With SAP S/4HANA 1909, new features in accruals management enhance the process for calculating, checking, and posting accruals. A highlight is the addition of utilization – you not only create accruals but can also have the system automatically reduce them by the related postings of actual costs.
Here are some new things you can do in accruals management:
● Implement utilization and release postings for accruals.
● Pause, suspend, and resume accrual objects (relevant for purchase order accruals only).
● Review purchase order accruals and adjust revised costs in the transaction currency.
● Display a comprehensive overview of purchase order accruals.
● Schedule accruals jobs using the templates provided.
● Transfer existing accruals data to the SAP S/4HANA Accrual Engine from an outside system or even from a manually maintained spreadsheet (relevant for manual accruals only). ● Run the preprocessing program for archiving accrual objects.
3. Asset Accounting - Execute/Undo Year-End Closing
Until now a transaction was available which you could use to define the settings for company codes and for the legacy data transfer. This transaction has been enhanced. The tree structure with the company codes was enhanced with the corresponding ledgers and depreciation areas. The following applies for a ledger: You can close a fiscal year from an accounting view for a ledger or for a depreciation area. You can also reopen the fiscal year last closed for one or more depreciation areas
4. Group Reporting - Intercompany Matching and Reconciliation
The Intercompany Matching and Reconciliation (ICR) is introduced to speed up your intercompany reconciliation process from company close to corporate close. As a built-in solution in SAP S/4HANA, it matches transactions without any ETL (extract, transform, load) processes and reconciles your financial data in real time. By defining flexible matching and reconciliation rules, you can achieve high automation and continuous reconciliation. In addition, its in-app communication and workflow features eliminate the latencies very often seen in dealing with intercompany discrepancies, and at the same time, improves visibility and transparency of your reconciliation process.
5. Group Reporting - Consolidation Reporting Logic
The consolidation reporting logic is renovated to support both legal and management consolidation while providing high flexibility in re-organizations. It combines two different views of consolidated data: Group consolidation view and hierarchy consolidation view.
With the new reporting logic introduced, two new analytical report apps are made available: Group Data Analysis (New) and Group Data Analysis - With Reporting Rules (New). You use these reports to display a group consolidation view, a hierarchy consolidation view, or a combined view by specifying the corresponding values in the report Prompts. In addition, the Display Group Journal Entries - With Reporting Logic app is also introduced to provide drillthrough capability from the above reports to group journal entries at line item level
6. Group Reporting - Group Structure Definition
The Manage Consolidation Group Structure apps are introduced for you to assign consolidation units to consolidation groups and make consolidation-related settings for these assignments, such as the period of the first consolidation, the period of the divestiture, and the consolidation method
With the new apps, you maintain consolidation groups as plain lists of consolidation units with groupdependent attributes. This facilitates the data analysis from the group consolidation view
7. Central Finance - Replication of Material Cost Estimates
This feature enables you to replicate material cost estimates from source system(s) to the Central Finance system. For a mixed costing, the material cost estimates are replicated together with the relevant procurement alternatives
8. Import Supplier Invoices App
This app enables you to import multiple supplier invoices into the system all at once. You download a template file, enter the invoice information, and upload the completed file back to the app. You can then post the invoices from the app. Changes have been made to the available fields in the downloaded file where you can enter information for the invoices.