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SAP Simple Finance (sFin) S/4HANA is the financial and accounting component of SAP Business Suite for HANA (S/4HANA). SAP increasingly refers to S/4HANA Finance as the SAP S/4HANA Finance solution in anticipation of tighter packaging with the SAP Analytics Cloud. For clarity, I will refer to it as sin or Simple Finance for this article.
Simple Finance is an ERP financial software that runs on SAP HANA’s in-memory platform which allows users to run real-time reports on operational and financial data. Like other products on the HANA platform, the data is stored and processed in memory so you can analyze data quickly with few constraints. For example, you can run a soft close at any time of the day, month, or quarter with up-to-the-minute accuracy. As part of the ERP package, financial data and operational data are pulled from one centralized location, which allows decision-makers to examine problems from an organizational view rather than a limited department view. Simple Finance can be hosted in the cloud or on-premise, but SAP appears to be emphasizing S/4HANA Cloud. However, there are no indications that SAP intends to discontinue support customers who choose to host S/4HANA on-premises.