SAP S/4 HANA is the new generation ERP solution which runs on SAP HANA database architecture. It is very useful to perform financial operations and accounting in real time and reporting. SAP S/4 HANA simple finance provides huge cost and time saving to manage finance and accounting for an organization.
SAP S/4 HANA Simple Finance or central finance with fiori apps refers to single source of truth. All the data related to finance and operations is accessible from one source which eliminates the need for replications, reconciling of data and removing redundancies.