The SAP S/4HANA 2022 was just released by SAP (major release). We will go over the major updates or new features that SAP Central Finance now offers in this blog.

Key Features/changes to SAP Central Finance in 2022

Central Payments for Intercompany AP/AR only

All AP/AR invoices are typically technically approved in source and copied as open to target when we enable SAP Central Payments. Only intercompany AP/AR open items with a trading partner (VBUND) filled out will be set to ALE-extern in the source system by this feature once they are posted, and they can only be paid or cleared in the Central Finance system. Along with these AP/AR items, the source system will also set the deferred tax line item and the net cash discount line item in the same document to ALE-extern.

All regular AP/AR (External) invoices will continue to be open and paid in the source system (s). Important to note is that the target system will only be used for intercompany AP/AR and that all pertinent dependent procedures for intercompany AP/AR will be run there. For Central Payment, the trading partner company code must also be active.

Drill back for PCA documents

The drill back functionality was formerly restricted to replicated FI papers. However, SAP Central Finance also duplicates the EC-PCA records as FI documents, and these FI documents are then submitted to Universal Journal. The EC-PCA documents are now drillable just like any other FI document with the new release. Field Ref. Transaction in the document header has the value COPCA if a FI document is replicated from a PCA document.

The drill back function won’t function if a FI document is copied from PCA balance since there isn’t a source PCA document for the FI document.

Schedule Permanent Consistency Check

It’s crucial to do a configuration consistency check before beginning the data load. With the new capability, it is now possible to schedule when the permanent consistency check programme will do a configuration consistency check and for specific business configuration objects. To track alterations to the specified business configuration objects, this software use ABAP Daemon. The software running a check for configuration consistency will then examine the modified items. The recipients may be given access to the results in order to take corrective action.

RAR Integration with CFIN

With the latest version, SAP Central Finance may be connected with Revenue Accounting and Reporting (RAR). Data from local systems with decentralised revenue accounting can be processed centrally to produce a consolidated reporting perspective. The standard MDG Customizing of CFIN is utilised for RAR data mapping.

The mapping process, which happens in inbound processing, makes sure that the master data and attributes from regional RAR systems are correctly translated to the regional RAR master data or attributes of the CFIN system. When revenue accounting items (RAIs) are established and data is reconciled between the source system and the RAR system, the mapping is carried out.

IDR Initial Load for Cloud Source Systems

If the Intermediate Data Retention (IDR) strategy is appropriate, this capability allows a SAP S/4HANA Cloud system to be used as a source system in the Central Finance scenario. Up until now, this was a restriction. As part of the IDR approach to the initial load, SAP S/4HANA Cloud systems are now supported as source systems.

Automation for Central Accruals Management

With the help of this function, the replication of purchase orders by Accounting View of Logistics Information (AVL) and transmission of those orders to the Central Finance system’s Accrual Engine can be automated. The ability for AVL to replicate service purchase orders with service entry sheets from a source system to the Central Finance system has also been added.