5+ Tips for A Successful Migration to SAP S/4HANA
Here are some of the benefits of SAP S/4HANA: Improved performance and faster processing speeds Enhanced real-time analytics and reporting capabilities Increased flexibility and scalability for future business growth Streamlined and simplified business processes and user experience Improved data management and security Enhanced integration with other systems and technologies The reduced total cost of ownership […]
Difference Between SAP FICO & SAP S/4HANA Finance
SAP FICO and SAP S/4HANA Finance are two prominent ERP solutions offered by SAP. They are highly configurable, flexible, and scalable. These two software packages share a lot of similarities, possessing a lot of similar scopes, covering the complete finance cycle, and having comparable functionalities. However, there are still significant differences. In this blog post, […]
How can Tekskilled help you in Learning?
The Global Training of IT programs is growing ahead with the higher standardization. Some leading industry leaders like Norton, Sun, and Microsoft have curated their SAP Certification with the programs and established multiple certification systems. Over the years, the SAP has been developing, and it is not what it was 20 years before. SAP is […]
What is SAP S/4HANA Finance? A Beginner’s Guide
SAP S/4HANA Finance is a next-generation enterprise resource planning (ERP) system that builds on the in-memory database platform SAP HANA to enable real-time business processes. The finance application of SAP S/4HANA is designed to help organizations improve their business processes, especially financial and accounting processes. Understanding the Basics The previous generation of ERP systems, built […]
Data Horminization in CFIN
Data Horminization in CFIN We all know in Central Finance transactinal data need to be replicated in Target system. To replicate data we need to have all the Master Data/value mapping available at Target end. These Master data includes all the Key mapping Like Gl Master Data, Profit Center, Cost center,secondary cost element, Activity Type […]
Mapping in CFIN
Mapping in Central Finance Mapping is a key part of Central Finance. We know that we get data from heterogeneous logical systems (source systems) which would be replicated in CFIN and it will look for the values that need to be updated at the central Finance end. This is a pre-requisite step for the Data […]
Procure to Pay cycles
This is a part of the Material Master business system and integrated with Finance business system. It deals with procuring materials, services, different contracts associated with procurement. The Procure to Pay starts from purchase requisition and ends with Payment to the Vendor. What is Procurement? The process of buying materials and obtaining services from vendors […]
Sales Process in SAP
This Sales process in SAP is part of order to cash cycle which starts with pre-sales activity. It involves sales order from customers and ends with receiving the payment from customers. This whole cycle in SAP is handled through SAP “Sales and distribution”, “Inventory Management” and “Finance and Controlling” SAP FICO. Customer from The following […]
Changes in Asset accounting in ECC and SAP S4 Hana
Changes in Asset accounting in ECC and SAP S4 Hana What is Asset accounting? Asset accounting is Sub-ledger financial accounting which is used to manage and supervises the fixed asset of the Organization. Fixed asset: Fixed assets are assets used for running a business enterprise, where the fixed assets are used for more than one […]
Modules of SAP
What is SAP? SAP is enterprise resource planning software that is built to organizations belonging to different industrial sectors, regardless of their size and strength. The below mentioned modules in SAP are important from Business Process. Financial Accounting (FI) Controlling (CO) Materials Management (MM) Sales and Distribution (SD) Logistics Execution (LE) Production Planning (PP) Quality […]