But many companies are still running on SAP ECC. So learning SAP S4 HANA Finance is again important. All SAP Finance consultants must have knowledge of New GL function under ECC technology to work in the upgraded SAP platform.ДЄlthough now its the time of SAP S4 HANA, which is the latest technology.

It will help them to get better integration, fewer end-user activities and better performance. So companies should migrate to the new GL (SAP ECC) to avail of all the above-mentioned features. Trace and audit system changes and transports through Change Request Management.ДЄlso Read: HANA Vs S4 HANA | Simple Finance Vs S4 HANA Finance SAP ECC Vs R3 вЂ“ Conclusion

Solution Support through WorkFlow to create and manage process/Problem messages.

System Landscape Analysis with System Level ReportingДЄccess to programs/services for monitoring and optimizing system performance and availability so as to minimize risks.

Enables comparing/synchronizing customizing in several SAP components.

Central Management of project Information (Roadmap, system landscape, Documentation etc.).Central access to Project Tools (Project Administration, Business Blueprint Configuration, Test workbench, Group Rollout Templates).The Feature Include the following:- Implementation/Upgrade of SAP Solutions Additionally, it supports throughout the life-cycle of solutions from Business Blueprint to Configuration to Support. Solution Manager provides central access to Tools, Methods and Pre-configured Content. The following gives such process support:-ДЄlso Read: SAP FICO Vs. SAP ECC Finance provides the tools to help you manage your financial supply chain and also the cash-flow cycle more effectively through end-to-end process support. SAP ECC Vs R3 Financial Supply Chain Management Other than this now you can also document all your internal control processes and make them visible to corporate executives, auditors and regulators. Subsequently, by configuring controls and defining rules and tolerance for your business, you can easily customise internal processes for security, reporting and error prevention. You now have an intuitive mechanism to collect, document, assess, remediate and attest to internal control processes and safeguards to ensure transparent business activity. With the set of applications & tools, SAP ERP Financials Accounting assists in meeting the specific requirements of todayвЂ™s financial regulations such as the Sarbanes-Oxley Act. Subsequently, this offers greater flexibility to extend a chart of accounts and allows an easier method of reporting by individual management units and segments.ДЇurthermore, the SAP ECC helps companies reducing the complexity and cost associated with parallel accounting or managing a set of books by region, industry or regulatory reporting statute. With New GL functionality, you will have the ability to generate financial statements of any dimension of business (unit, Profit Center, geographical location etc). SAP ECC also helps companies to comply with global accounting standards (like US GAAP and IFRS). Consolidated Financial and statutory reporting.This further helps in better insight and faster decision making. It also provides metrics to improve the business insight and productivity of non-technical users.Д¬onsequently, executives, managers and business workers will now have access to information like business statistics and Key Performance Indicators (KPI) presented in the context of business tasks. Performance Management вЂ“ SAP ECC Vs R3ДЄdditionally, compared to R/3, SAP ECC Finance provides a single solution for the entire life cycle of вЂњCorporate Performance ManagementвЂќ by delivering real-time, personalized measurements. Hence, all managers in all operations of your business will now have improved visibility with a single integrated solution. It may also pertain to your core enterprise processes. SAP ECC vs R/3 in finance provides a comprehensive and robust analytical framework to consolidate and aggregate business information generated in your industry solutions.

Sap ecc stands for