SAP BLOG New functions in CFIN 2020 Feature pack 01

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22 Ara 2017
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Introduction:

This blog post, contains new features in SAP Central Finance 2020 FPS01 released on Feb 2021. For understanding the new features the pre-requisite is to have prior CFIN knowledge and experience.

1. Intermediate Data Retention for Initial Load (IDR):


Existing Challenges: For the classical document load, the data is reconstructed from FI and CO documents. This can lead to issues (e.g. FI/CO matching issue due to summarization or active substitutions) For the ongoing/real time replication the accounting raw data is captured, so these issues do not occur.

Functionality:

With the IDR approach, the raw data of the accounting interface is recorded before go live (same approach as in Ongoing Replication) and used for the new document load of the Initial Load process.

Start the IDR recording of documents before the Central Finance System is fully configured.
(This captures raw data with better quality and then data is reconstructed from BSEG/COEP). IDR system stores the captured raw data until the IDR document load is executed (IDR recording data could be reused if a reset of the initial load is required). This approach is similar to ongoing replication document load.

Business Benefits:

The capturing of raw data before the project go live leads to:

  • Better data quality by capturing the raw data from accounting interface
  • No FI/CO matching issues
  • Certain limitations of the document load are removed (e.g. COGS Split or Price Difference Split)
  • No longer any further effort for document load step in the source system

Supported Versions and Notes requirement:

Note 3017968 has to be implemented (Enablement of the IDR Replication)

Conclusion: It helps to CFIN Administrator during execution of Initial load.

2. Central Projects: Asset Settlement


Functionality: Centralizing the settlement of work breakdown structure (WBS) elements to asset under Construction (AuC) and fixed asset in a Central Finance system. Enabling automatic creation of an AuC during project replication, editing settlement rule in a replicated WBS element as well as subsequent settlement in a Central Finance system.

In order to activate the Central Projects: Asset Settlement scenario the following activities have to be performed:

  • Implement SAP Note 2994270 in the source system
  • Set RFC Destination for Central Projects
  • Enter Combination of Company Code and Project Profile

Business Benefits:

With a centralized approach to settlement of WBS elements:

  • You can run reporting in a Central Finance system and don’t have to consolidate data out of several systems.
  • Asset-related closing activities run centrally in a Central Finance system and reduce the complexity of multiple source systems.

Supported Versions and Notes requirement:

  • Implement SAP Note 2994270 in the source system

Conclusion: It helps project controller as well as Asset Accountant during closing activites.

3.Clearing Status Update for SD Billing Documents in the Central Payment Scenario


Existing Challenges: In the context of Central Payment, payment process is moved to the Central Finance system which is de-coupled from the logistics source system, so the clearing status can’t be written back from finance to the billing document directly as soon as the customer payment is posted. Therefore, billing clerks in the source system don’t have insight into the actual clearing status

Functionality: The SD Billing clearing status in the source system can be updated each time when transactions related to payment, clearing, or reset operations are executed in Central Finance

Updating clearing status in the billing document header in the source system can:

  • Increase efficiency without determining clearing status each time remotely.
  • Provide transparency to Billing Clerk working in the source system.

The SD Billing clearing status in the source system is updated when transactions related to payment, clearing, or reset operations are executed in the Central Finance system. Different indicators are used in the billing status update process:

Errors can be monitored and handled in transaction /AIF/ERR:

  • Namespace: /FINCF
  • Interface: SDBL_CLRST
  • Interface version: 1

Supported Versions and Notes requirement:

Supported releases:

  • Source system: SAP S/4HANA 2020 or higher, or an SAP S/4HANA Cloud system.
  • Central Finance system: SAP S/4HANA 2020 or higher.

Conclusion: It helps to billing clerk who works for source systems.

4. Intelligent Robotic Process Automation


Existing Challenges: The process of solving mapping errors is completely manual and takes a considerable amount of time. Typically emails are sent to different groups who are in charge of certain master data. Once it has been clarified which master data maps between the source systems and the Central Finance system, these mapping rules need to be edited and error messages need to be restarted. Parts of this process are repetitive and can be automated.

Functionality:

  • Read and send emails via Outlook
  • Fetch and read Excel templates and identify objects and systems
  • Create key mapping for customers and vendors and capture logs
  • Resolve the error by restarting the error messages

Business Benefits:

  • Increase efficiency by reducing repetitive tasks
  • Reduction in error resolution time and more up-to-date analysis

Conclusion: It helps to CFIN Administrator and Error handling team

5. Display Central Finance References in SAP GUI of Source System


Functionality: Side panels is to enable users in the source system to view the corresponding information from the Central Finance system. But this function is only available in SAP Business Client. In order to support the SAP GUI users, it is extended this function to SAP GUI through Generic Object Service (abbr. GOS).

You can display the following information from the Central Finance system.

  • FI document
  • Credit Management information

Business Benefits:

  • Provide transparency to users in the source system for the reference information from the Central Finance system.
  • Enable sales users in source systems to get a quick view of customers credit relevant information from the Central Finance system during the sales process.
  • When working on an FI document or a sales order in a source system, you can find this function from the GOS menu under View References in CFin-> Accounting Document.
  • The FI document from Central Finance is displayed on a pop-up screen which has the same look as side panel ‘Central Finance FI Document’.
  • Transactions enabled for this feature include: FB03, VF03, VF02, MIR4.
  • You can jump to the Central Finance system by clicking on the document number in the pop-up screen.
  • When working on customer data or a sales order in a source system, you can find this function from the GOS menu under View references in CFin -> Credit Management.
  • Customer’s credit management information from Central Finance is displayed on a pop-up screen which has the same screen as side panel ‘Central Finance Credit management’.
  • Transactions enabled for this feature include: VA02, VA03, XD03, VF03, VF02

Conclusion: It helps to users in source systems.

6. Central Budgeting for Internal Orders – Enhancements


Enhancements to simplify the operation of Central Budgeting for Internal Orders

  • Configuration Consistency Check compares the configuration settings in a source system and the Central Finance system relevant for Central Budgeting
  • Deletion program for budget created in a source system for internal orders in scope of Central Budgeting

Business Benefits:

  • Decrease efforts of setting up the Central Budgeting scenario
  • No manual efforts in clean up activities of obsolete source system budget data

Conclusion: It helps to CFIN system administrator, Controller with budget responsibility for internal orders.

Conclusion: S/4HANA 2020,FPS01 not only drives business benefits but also have IT benefits i.e. CFIN administrator will be benefited using IDR Initial load, Settlement to

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