SAP S/4HANA Cloud Private Edition | 2023 FPS03 Rel...

Harish_Mangtani · ‎2025 Mar 17

Hello! This is the second blog in a two-part series. In the first blog, I highlighted various Lines of Business(LOB) and Cross Topics. You can read it here: SAP S/4HANA Cloud Private Edition | 2023 FPS03 Release Part 1

In this blog, we will focus on R&D (Engineering), Industries & Localization.

See here for the entire list of innovations:

If you wish to directly jump to the respective section for innovations available in both SAP S/4HANA and SAP S/4HANA Cloud Private Edition, you can click the links below:

R & D (Engineering)

Enterprise Portfolio and Project Management (EPPM)
Product Lifecycle Management (PLM)
Product Compliance

Localizations

R & D (Engineering)

Enterprise Portfolio and Project Management (EPPM)

Service objects in reports for the project-cost overview and line items

In SAP Fiori apps, service contract items and service order items assigned to work breakdown structure (WBS) elements can now be analyzed for a clearer project-cost overview. This enhancement improves the ability to track both costs and revenues tied to service business projects, enabling project teams to access detailed insights at both the header and item levels. The inclusion of filters allows for easier navigation and a more streamlined access to crucial data, making project cost management simpler and more efficient.

For more information, please read here: Project Cost Overview

Enhancements for project and project network API

We have enhanced the project API to allow for more dynamic handling of project networks. With the ability to create, update, delete, and change the status of project networks and their sub-entities directly through the API, project managers now have greater flexibility and control. The expanded API also supports network scheduling and the ability to create or cancel confirmations for network activities. These upgrades enable smoother integration into various business processes, ensuring greater data consistency and improved process flexibility across SAP solutions.

Reading partner information for WBS element and project using an API

A new API for reading partner information linked to WBS elements and projects allows businesses to further integrate and streamline processes. This innovation increases the flexibility of integration scenarios, boosts data consistency, and makes project management more transparent. With aligned domain models across SAP solutions, this enhancement ensures smooth data flow between various business processes, creating an optimized environment for project and portfolio management.

This API is available on the API Business Accelerator Hub
Project Network at the SAP Help Portal

Simplified retrieval of archived details for a commercial project and its financial plan

For businesses managing commercial projects, the retrieval process for archived project and financial plan details has been greatly simplified. Authorized users can now access these historical records in a user-friendly UI, allowing for better visibility into past projects. This update not only supports efficient data retrieval but also enhances decision-making by providing an interactive and structured view of past project details.

For more information, read here: Archived Financial Plan Overview

Updating portfolio financial and capacity planning information using an API

Now we offers an API for managing financial and capacity planning information within portfolios. This API makes it easier to create, update, and delete planning values for portfolio items and buckets, ensuring greater stability across integration scenarios. By using this API, businesses can enhance their process flexibility, improve data consistency, and maintain a semantically aligned domain model that spans across SAP solutions and software processes.

Reading portfolio item object links using an API

To further enhance integration and data management, SAP introduces an API that enables users to read object links for portfolio items. This improvement helps maintain data consistency and supports smoother integration scenarios, contributing to a more efficient flow of information. By aligning domain models across SAP solutions, this update ensures that portfolio management is connected seamlessly with other business processes, creating a unified environment for enterprise planning.

For more information, read here: Read Project Portfolio Item Object Link and https://api.sap.com/api/sap-s4-OP_PROJECTPORTFOLIO_0001-v1/overview

Releasing development objects to enable the clean core: project, portfolio, and project system BAdIs

This innovation facilitates the release of selected development objects related to project and portfolio management, following the SAP S/4HANA Cloud extensibility approach. By allowing developers to use specific data elements, business add-ins (BAdIs), and core data services (CDS) views, this update enhances extensibility options. It also helps reduce the total cost of ownership for custom extensions, making it easier to adapt the system to meet unique business needs.

For more information, check here: CDS Views for Project Systems

Using an API to read if a project task is ready to start

With the new API service, businesses can now determine whether a task for a development project is ready to begin. This API, built on the OData V4 protocol, can be consumed by apps and other user interfaces. It enhances integration scenarios, improves data consistency, and allows for a more flexible and efficient project management experience. With this functionality, businesses can ensure that tasks are only initiated when all conditions are met, leading to smoother project execution.

Customer-driven updates from SAP Continuous Influence: portfolio and project management, usability, and more

SAP has introduced various customer-driven updates to enhance usability and flexibility in portfolio and project management. These updates include improved handling of WBS element identifications, enhanced search options for resource staffing, and the ability to run reports for financial integration scenarios. By simplifying configuration and providing more options for version creation and task settings, these updates improve data quality and reduce maintenance efforts, ultimately enhancing the overall user experience.

Setting up Business Partner Availability Without IDOC Configuration - SAP Note- 3443317
Default Values Can be Set for Create Project Version and Version Type - SAP Note 3470328
RFC Destination Can be Specified in /RPM/FICO_INT_PLANNING Report When the Logical System and RFC Destination are Different - SAP Note 3485148

These improvements are valid for all countries.
For more information about SAP Continous Influence Program, see https://influence.sap.com

SAP Product Lifecycle Management (PLM)

Dynamic agent determination enhancements for change record process routes in SAP solutions

This feature enables better control over the assignment of work items within a change record process. Using additional business logic (BADI), organizations can determine which user within a team or organization will receive the work item for specific process routes. This improvement helps reduce product development costs by more effectively managing changes throughout the lifecycle, ensuring that the right people are assigned to the right tasks at the right time.

For more information, see Determining Agents.

Maturity enhancements for Product Change Management

With new fields like Priority Selection and Reason for Change in the Change Record Header, along with updates to the related OData APIs, this enhancement supports a more sophisticated change process. Businesses can now manage dependencies better, document changes more thoroughly, and track them across multiple languages and interfaces. The improvements to the user interface also make it easier to search for and manage change records, contributing to smoother change management workflows.

For more information, read here: Priority Selection in Change Record Header

Smart-link enablement for change-record items

This innovation harmonizes the availability and functionality of smart links for change-record items in SAP software. It allows for easier navigation to the corresponding transaction—whether for creation, updates, or display—and enables the passing of relevant data, such as change numbers, to those transactions. By simplifying the maintenance of change records and enhancing navigation, this update streamlines the change management process and increases efficiency across teams.

For more information, read here: User Interface Visual Harmonization

Lock-dependent ECMs based on CR lifecycle status*

Now we enforces a more stringent change-management policy by locking Engineering Change Masters (ECMs) based on the lifecycle status of the associated Change Record (CR). This ensures that no further modifications can be made to an ECM once its related CR has been closed. This enhancement reinforces the integrity of the change management process, ensuring that changes are properly controlled and documented before final approval.

*Please note: Lock dependent ECMs” innovation is available as of today on SAP S/4HANA 2023 FPS03, however customers needs to implement a OSS note https://me.sap.com/notes/3558318/E and as such it will be there by default in SAP S/4HANA 2023 SP4 and SAP S/4HANA 2025 FPS0.

Product Compliance

Continuous delivery of compliance-requirement versions for dangerous goods through the regulatory content service

With the introduction of this feature, users can now continuously receive up-to-date dangerous goods regulations via the regulatory content service. This service ensures that businesses always have access to the latest compliance requirements for dangerous goods management, automating updates whenever regulatory changes occur. By simplifying the process of obtaining and activating these updates, SAP ensures that companies remain compliant without the need for constant manual intervention.

For details on the configuration of the Regulatory Content Service, see the https://me.sap.com/notes/3055767 and https://me.sap.com/notes/3526136

For more information, read here: Regulatory Content Service

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Industries

Oil, Gas and Energy

Production Regulatory Report - Forms W10 and G10 (Texas)

The SAP system now enables users to generate two important production regulatory reports for Texas: the W10 and G10 forms. The W10 is a monthly report that details the oil well status, while the G10 tracks the gas well status. These forms are particularly valuable as there were no existing forms in the production regulatory reporting module before this enhancement. With these capabilities, users can now capture and report the required production regulatory data, ensuring compliance with Texas’ regulations. This functionality enables a seamless process of managing production-related reporting in SAP, which directly supports revenue accounting in the oil and gas industry.

For more information, read here: Production Regulatory Reporting Process 2.0

Insurance

Remote-enabled Functionalities for Policy Management in the Auto Line of Business

SAP now offers remote-enabled function modules (RFMs) for policy management in the auto insurance sector. These new capabilities allow users to perform key policy management tasks such as suspending a policy, reinstating a suspended policy, shifting policy or contract start dates, and modifying contract terms—all remotely. By incorporating these RFMs, we enhance the flexibility of managing auto policies without requiring physical presence at the office. This innovation helps improve operational efficiency, reduce processing time, and enhance customer satisfaction by allowing insurers to manage policies with ease, whether from the office or on the go, boosting overall productivity in the auto insurance sector.

For more information, read here: Perform Reinstatement after Reversal and RFMs for Reset

OData Services for Simulating and Posting Commission Cases and Commission Documents

Now we have introduced enhanced OData services for commission management, enabling the simulation and posting of commission cases and documents. With the extension of the existing OData services, users can now simulate and post commission documents, both individually or in batch, making it easier to validate input and result data before processing. This innovation allows external applications to interact with SAP systems more effectively, supporting accurate and efficient commission management. By leveraging these OData services, insurers and financial organizations can improve the accuracy of their commission-related processes, reduce errors, and ensure faster and more reliable data processing across systems.

Remote-Enabled Function Modules for the Reset Business Process

This innovation enables customers to integrate their policy management systems with external applications more effectively by providing remote function modules (RFC) for the Reset business process. With this feature, you can perform critical actions, such as reinstating a policy after a reversal, from remote systems. This enhances the flexibility of policy management by allowing external systems to trigger specific reset business process functions, thus improving the integration and automation of policy workflows. For insurance companies, this feature streamlines operations, reduces manual intervention, and ensures smoother policy management across multiple platforms.

For more information, check here: Remote-Enabled Function Modules for Reset Business Process

Update of the Insurance Policy Service API: Entities for the Policy Overview Component

The Insurance Policy Service API is now updated to include key entities such as benefit cases, claims, dual control, planned processing activities, and coinsurance cashflow. This extension improves the usability and functionality of the API by providing a more comprehensive set of data points necessary for policy management. The enhancement allows organizations to efficiently track policy-related information and manage complex claims and benefits processes. With these updates, users gain a more integrated and streamlined approach to handling insurance policies, improving both operational efficiency and data visibility across systems.

For more information, read here: OData API: Insurance Policy

Remote-Enabled Function Modules for the Change Business Process

With this innovation, users can manage critical aspects of the change business process remotely, allowing for enhanced flexibility in policy management. Remote function modules (RFC) allow actions such as changing representatives or settling reported values to be executed from external systems. This improvement supports greater integration between policy management applications and third-party systems, enhancing the speed and accuracy of business changes in policy contracts. Insurance providers can now manage contract modifications more efficiently, making the entire change process more streamlined and responsive to customer needs.

For more information, read here: Remote-Enabled Function Modules for Change Business Process

Alternative Investment Logic for a Specific Period of Time in Fund Management

This feature enables insurance companies to define temporarily valid investment logic for unit-linked products within their fund management process. Customers can set a specific time frame for an investment logic that temporarily overrides the default investment logic. This flexibility is crucial for managing fund allocations based on market conditions or regulatory requirements. The ability to set start and end dates for these changes ensures that the investment logic is applied accurately and within the required time window, enhancing the overall management of investment funds and improving financial planning capabilities for insurers.

For more information, read here: Alternative Investment Logic for a Specific Period of Time in Fund Management

Consumer Products

Flexible Planning of Reload Stops for Deliveries in a Paper-Based Scenario

This innovation offers increased flexibility in delivery logistics, especially in scenarios where paper-based systems are still in use. It allows businesses to add last-minute reload stops for rush orders on planned vehicle routes before the vehicle departs from the distribution center or warehouse. It also supports adding multiple ad hoc stops to routes during delivery execution. This flexibility is crucial for businesses facing dynamic delivery requirements, helping them optimize routes and improve customer satisfaction by accommodating urgent deliveries seamlessly. It ensures that even in paper-based environments, the delivery process is responsive and efficient.

For more information, read here: Assignment of Deliveries to Routes to Fulfill Rush Orders in a Paper-Based Scenario

Tracking of Specific Batches During Route Execution and Settlement

This innovation allows businesses to track and manage batch-specific products during route assembly, execution, and settlement. By enabling the upload of batch information from mobile devices and updating quantities of batch-managed products, this feature ensures greater accuracy in delivery operations. Businesses can track specific batches across all delivery processes, providing better visibility and control over batch-managed products. This innovation is particularly beneficial in industries where product traceability is critical, such as pharmaceuticals and food, ensuring that deliveries are processed correctly, and batches are accurately tracked throughout the supply chain.

For more information, read here: Tracking and Processing of Specific Batches During Route Stock Management and Settlement

Utilities

Please also refer to read detailed blog on Utilities Industry by my colleague here: SAP S/4HANA 2023 FPS3: What’s in it for the Utilities Industry?

Extraction of Energy Data Management Related Master Data

This feature enhances the flexibility and capabilities of utilities-specific reporting in SAP Datasphere by enabling the extraction of energy data management (EDM) related master data. It supports the analysis and reporting of EDM profile headers and their assignments, ensuring that utilities can effectively manage and analyze their energy data. By integrating this feature, companies can gain insights into their energy usage and performance, supporting better decision-making and more efficient operations. It also modernizes the analytic capabilities of utilities by providing them with flexible cloud-based tools to work with large datasets in real time.

For more information about CDS views related to Energy Data Management, see Energy Data Management.

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More Flexible Status Handling for Energy Data Management Formulas

This innovation allows utilities companies to change the values of a standard load profile (synthetic profile), even if billing has already occurred for a specific period. It also enables the recording of value replacement requirements, even if no predefined procedure group is specified in the header data of the profile. This feature reduces manual interventions by eliminating unnecessary billing reversals and rebilling processes. Additionally, it improves the monitoring of profile value imports, which is especially useful when deploying smart meters. It provides greater flexibility and efficiency in handling energy data management formulas, enhancing the overall process for energy providers.

Analysis of Yard Management and Weighing Transactions

This feature provides enhanced analytics capabilities for yard management and weighing transactions, offering various CDS views to extract and analyze data from yard and weighing processes. By enabling real-time reporting and analytics, businesses can now access detailed data from SAP S/4HANA, SAP Business Warehouse, or SAP Datasphere. This feature also allows key users to extend the functionality by adding custom fields. The integration of these capabilities helps optimize yard management processes, providing better visibility into the movement of goods, weight measurements, and other critical data. As a result, companies can streamline their operations, improve reporting, and enhance decision-making.

For more information, read here: CDS Views for Waste and Recycling

Period Control and APIs for Life Cycle Events and Contract Management Processes

This innovation introduces period control capabilities within sales contract management processes, ensuring precise calculation of durations and contract periods. It allows businesses to define date types, durations, and date rules through customization and output them by assigning date profiles to an item category. The updated system displays contract data and calculated time periods under the "Appointments" section of the utilities sales contract overview. By providing a structured approach to managing contract periods, this feature supports diverse business requirements, enabling utilities to better manage their contracts and related life cycle events.

For more information, read here: Display appointments in the utilities sales contract overview

Streamlining Contract Migration and Bulk Data Processing

This feature facilitates the migration of historical data into utilities sales contracts, allowing businesses to track and analyze past usage more effectively. By including detailed historical records, businesses can ensure data continuity and integrity across various contract types. Additionally, utilities can cancel or reverse contract changes during customer engagement processes. This innovation streamlines operations by simplifying the management of migrated contract data, reducing complexity, and enhancing data consistency. It improves operational efficiency and ensures that utilities can maintain clear, continuous records of contract history while minimizing the need for manual interventions.

For more information, read here: Migration of utilities contracts with a history

Extending Pricing Capabilities

With this feature, we have enhanced the pricing capabilities for sales contract management and the utilities product integration layer (UPIL). It supports contract-specific prices for sales integration, allows prices or amounts to be maintained on a product level, and adjusts the UPIL API to accommodate new templates and average price keys. This extension simplifies the process of managing prices in the utilities industry, especially for customized contract pricing. By streamlining the pricing management process, utilities can ensure more accurate pricing structures and improve overall operational efficiency in sales contract management.

For more information, read here: Prices in characteristics for Sales Contract Management and Sales Integration Interface

Native Sales Statistics and Unbilled Revenue Reporting in SAP Datasphere and SAP Analytics Cloud

This innovation allows utilities companies to extract and analyze key data, such as utilities contracts, installation, and premise data, directly from SAP S/4HANA into SAP Datasphere and SAP Analytics Cloud. By leveraging modernized cloud-based analytic capabilities, utilities can gain more flexible and powerful reporting tools for their sales statistics and unbilled revenue. This feature improves decision-making by providing real-time access to critical financial and operational data, allowing utilities to track and manage unbilled revenue and other key metrics more efficiently.

For more information, read here: Provisioning and Extraction of Data for Unbilled Revenue Reporting with SAP S/4HANA Utilities and SA...

Display of Utilities Invoices in the Business Partner Financial Overview App

The addition of the "IS-U Invoicing Documents" facet to the SAP Fiori "Business Partner Financial Overview" app makes it possible to display utilities invoices alongside other invoicing documents, such as those from Convergent Invoicing. This innovation enhances the usability of the app by allowing users to view all relevant invoicing documents in one place. By activating the industry solution SAP for Utilities (IS-U), businesses can provide better visibility into utilities invoices, helping improve financial oversight and make the invoicing process more transparent for users.

For more information, read here: Display of Utilities Invoices in the Business Partner Financial Overview App

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Travel and Transportation

Travel Planning Management

This feature introduces a more seamless and secure integration between SAP and external partner environments for travel data synchronization. The new system replaces Adobe forms with SmartForms, allowing users to download PDFs without requiring Adobe software licenses. It also offers a new process browser based on SAP Fiori, enhancing productivity for employees, managers, and HR administrative roles. This innovation reduces costs, unifies the user experience, and improves the performance of travel planning systems, ensuring that employees can easily manage and track travel arrangements, further optimizing operational efficiency.

For more information, read here: My Travel and Expenses

Travel and Expenses Management

This feature enables employees to submit expenses, assign expense types, and submit reports for review. It also helps validate expense data, enforce policies, identify exceptions, and address unassigned expenses. The system integrates with SAP Fiori to provide improved productivity for multiple roles, enhancing the overall user experience. With enhanced analytics leveraging SAP S/4HANA capabilities, it streamlines expense management, ensures more accurate expense reporting, and reduces costs associated with the manual handling of expense data. It supports businesses in maintaining compliance and better managing travel and expense processes across departments.

For more information read here: My Travel and Expense

Travel Request Management

This functionality allows employees to submit both travel and non-travel-related expense requests and manage the associated approval processes. By replacing Adobe forms with SmartForms, employees can download PDFs without requiring Adobe software licenses, enhancing the user experience. The new process browser, based on SAP Fiori, improves productivity across various roles, offering a unified, efficient workflow. Additionally, leveraging SAP S/4HANA’s analytics capabilities, businesses can more effectively track and manage travel-related expenses and requests, ensuring better policy enforcement and improving decision-making processes.

For more information read here: My Travel Requests

Travel Management for the Public Sector in Germany

This innovation addresses the legal requirements for the public sector in Germany, particularly in handling relocation, secondment, and temporary duty of public sector employees. It includes a new HCM infotype to track changes in locality and manage related expenses for both domestic and international business trips. This feature helps streamline the process of managing travel and expenses for public sector employees while ensuring compliance with government regulations. It also supports separation allowances and provides a comprehensive solution for managing relocation and related travel expenses in the public sector.

For more information read here: German Public Sector Industry Solution

Agribusiness

Load-out Matching Improvements

This feature enhances the manual application work center, offering improvements to the load-out and third-party storage matching processes. Changes include the automatic determination of the DPQS schedule and the display of additional information in the load-out and match-out application documents, such as material, commodity, and storage location. The new capabilities allow for better search functionality, making it easier for users to locate and match application documents. This innovation improves user experience by offering more intuitive and efficient ways to manage load-out matching, improving operational efficiency for agribusinesses.

For more information read here: Load-Out Matching Improvement

Performance Improvements for the Prepayment Apps

This enhancement offers several new features to improve the monitoring and management of SAP Agricultural Contract Management data. The improvements include better column-width adjustments, enhanced search capabilities, and more efficient data downloads within the SAP Fiori app "Maintain ACM Contracts." These changes enhance the user experience and streamline workflows, helping agribusinesses manage contracts more efficiently and improve overall system performance.

For more information read here: Performance and Usability Improvements in Contract and Pricing Fiori Apps

Defense and Security

Added Capabilities to Round Off Business Processes on the Remote Server

The latest update to SAP’s Defence and Security solutions enhances the system's ability to handle business processes even in communication-challenged environments. This new feature enables users to adjust external procurement data during maintenance order distribution and manage stocktaking on remote servers with seamless data distribution back to the central system. Additionally, the system now supports the distribution of stock transfer requisitions and introduces a change protection popup during mass updates to notifications and orders. These improvements increase data quality by allowing for immediate data entry, even while disconnected from the central system. The result is a more consistent and reliable data flow across both remote servers and central systems, ensuring business continuity.

For more information read here: Adjust External Procurement Data During Maintenance Order Distribution

Usability Features and Additional Capabilities of System Administration Tools

This enhancement focuses on improving the usability of system administration tools within the Defence and Security solutions. The updates to the Monitor Disconnected Operations Systems app provide a more intuitive experience, making it easier for users to manage operations in remote environments. Additionally, hyperlinks have been added to the Manage and Monitor Subscriptions app, making it simpler to access relevant information. The feature also strengthens data distribution capabilities, allowing for more efficient handling of information across systems. By improving the user interface and extending manual activity options, these changes empower administrators to analyze and manage data distribution more effectively, ensuring smoother operations in complex system landscapes.

For more information read here: Improve Usability in the Monitor Disconnected Operations Systems SAP Fiori App

Additional Framework Features Regarding Performance and Release Version Compatibility

The SAP S/4HANA`s Defence and Security solutions now feature enhancements that improve compatibility between different release versions of the mobile application and central S/4HANA systems. These upgrades allow systems with varying release versions to communicate and distribute data efficiently, even in remote or disconnected environments. This greater flexibility in upgrade timing is crucial for businesses that need to maintain operations while migrating systems. The updates accelerate subscription data derivation and data transfer processes, streamlining setup and ensuring business continuity during migration. This feature saves time during the deployment of new remote servers and guarantees that business processes remain uninterrupted across the system landscape, regardless of version discrepancies.

For more information read here: Update MAIF Table Entries for Mobile Version Downward Compatibility

Streamlining Logistical Processes for Enhanced Performance

The SAP S/4HANA`s Defence and Security solutions have streamlined logistical processes, significantly improving performance. One notable change is the enhanced visualization of installed equipment within the authorized actual comparison (AAC) feature. This update allows for more detailed comparisons, ensuring that restricted stock is appropriately considered in the actuals. By excluding infrastructure assignments from the AAC, users gain greater flexibility and clarity in their logistics management. The improved system offers more selection criteria for better decision-making and operational control. These optimizations lead to more accurate and timely logistical planning, enhancing the overall efficiency and performance of the supply chain and maintenance operations within the Defence and Security industry.

For more information read here: Consistent Visualization of Installed Equipment in the Authorized/Actual Comparison

Performance Improvements in SAP S/4HANA Defence & Security

The latest performance improvements in the S/4HANA Defence & Security solutions focus on optimizing key features and enhancing system efficiency. By incorporating advanced database techniques, we have boosted the speed of data retrieval and streamlined core processes, resulting in faster load times and smoother operation across various functionalities. Notable improvements include the flexible material planning object, status board, assignment framework, and authorized-actual comparison features. These updates provide a more responsive user experience, reducing wait times and enhancing the system’s overall performance. With these upgrades, users can expect improved efficiency in material planning and reporting, ultimately driving more effective defense and security operations across the board.

For more information read here: Performance Improvements in SAP S/4 HANA Defense & Security

Public Sector

Overall Budget Status Monitoring

The new SAP Fiori app, "My Overall Budget," offers public sector organizations a streamlined way to monitor their overall budget. This application allows users to track consumable budgets, budget consumption, and available budgets for their control objects in real-time. Additionally, users can receive updates on critical budget situations under their responsibility, helping them take immediate action when necessary. The app also offers personalization features, allowing users to create lists of control objects specific to their needs. By simplifying the process of analyzing consumable budget details, the app accelerates decision-making and enhances visibility into budget status, ultimately ensuring better financial control and more efficient management of resources.

For more information read here: My Overall Budget App

Mandatory U.S. Federal Financial Management Capability Framework (FMCF): Reporting

SAP S/4HANA`s integration with the U.S. Federal Financial Management Capability Framework (FMCF) brings powerful tools for reporting in the public sector. The new SAP Fiori apps and reports support mandatory U.S. federal government reporting requirements, including trial balance, transaction details, and funding status reports. These reports also include schedules X and P, which detail program and financing schedules, as well as obligation, receivable, and accounts payable invoice statuses. With a modern user interface, public sector organizations can easily navigate between reports and underlying transactions. The solution also facilitates the creation of structured reports that support the generation of financial statements, making compliance and financial reporting more streamlined and efficient.

For more information read here: Trial Balance for US Federal Government app

Integration Between Contract and Lease Management, Funds Management, Fund Accounting, and U.S. Federal Financials

This feature brings essential integration between contract and lease management, funds management, and U.S. federal financials, greatly enhancing financial operations in the public sector. Now, organizations can post multi-funded, valuated lease contracts and reclassify lease liabilities into funded and unfunded portions. This allows for better tracking and management of financial balances across different funding sources. Additionally, the inclusion of U.S. federal government Trading Partner Treasury Account Symbol (TP TAS) fields in contract and lease management improves financial reporting and clarity. By reducing manual journal entries and improving the accuracy of reporting lease balances, this feature simplifies accounting and ensures transparency for both internal and external stakeholders.

For more information read here: US Federal Government: Trading Partner Treasury Account Symbol Fields in Contract & Lease Management

Profit Center and Segment in Funds Management and U.S. Federal Financials

The enhanced capabilities in funds management and U.S. federal financials allow for more precise and flexible reporting. The integration of profit centers and segments provides public sector organizations with the ability to report financial data based on multiple dimensions, enhancing the granularity and flexibility of financial reporting. This improvement helps organizations follow SAP guidelines by allowing for more detailed reporting, using profit centers and segments instead of business areas. Additionally, these updates support global hierarchies for account assignments, which simplify data management and provide deeper insights into financial performance. By offering more robust filtering and output options in financial reports, these improvements streamline the reporting process and provide more detailed, accurate data at various aggregated levels.

For more information read here: Funds Management and US Federal Reports with Segment

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Localization

For more information on released Localizations, read here: What's New for Functional Localizations in SAP S/4HANA and SAP S/4HANA Cloud Private Edition

Foreign Exchange Gain Invoice (Turkey)

With this new feature for foreign exchange gain invoicing in Turkey, allowing businesses to configure their system to automatically generate billing documents for currency exchange gains under Convergent Invoicing. This includes creating invoices when there is a foreign exchange gain due to differences in exchange rates between the time of the invoice issuance and payment, while also calculating and declaring VAT for the gain. This feature streamlines invoicing for service-based industries, especially in high-volume, digital business scenarios. By automating the invoicing process, businesses can save time, reduce errors, and ensure consistency in their financial processes, making it easier to manage foreign exchange-related gains in a compliant manner.

For more information, read here: Configuring the Creation of Billing Documents for Foreign Currency Exchange Rate Gain

Enablement of Withholding Tax for Electronic Invoices in Turkey

This innovation enables customers in Turkey to include withholding tax (tevkifat) information directly in the XML file of their electronic invoices for Convergent Invoicing. This helps businesses comply with local tax regulations by automating the inclusion of withholding tax data in the invoicing process. By managing withholding tax within electronic document processing, businesses can ensure they remain compliant with Turkey’s electronic document regulations while benefiting from a consistent user experience. Furthermore, this feature simplifies the implementation of new local requirements by leveraging platform extensibility and process automation, significantly reducing the manual workload involved in tax reporting.

For more information, read here: Configuring Withholding Tax in Electronic Invoices for Convergent Invoicing

GST Return with Input Tax Recovery Rules (Singapore)

With enhanced of the Goods and Services Tax (GST) return report in Singapore with input tax recovery rules, including de minimis rules and various regulations that apply to exempt supplies and businesses. This feature allows businesses to claim input tax incurred for making exempt supplies, helping organizations meet local tax compliance requirements more efficiently. With this enhancement, companies can streamline the tax filing process, ensuring that they remain compliant with the latest regulations while improving the accuracy of their tax returns. By automating input tax recovery rules, businesses can save time and reduce errors, ultimately improving the overall efficiency of their GST return process.

Serbia - Enablement of Cash Flow Report with SAP Document and Reporting Compliance

For businesses operating in Serbia, this feature enables the creation of a cash flow report in compliance with local financial reporting standards. By utilizing SAP Document and Reporting Compliance, organizations can generate cash flow statements that comply with the country’s legal and regulatory requirements. This ensures that businesses are equipped to address the growing demand for legal compliance in an increasingly complex regulatory environment. With this enhancement, companies can streamline their financial reporting processes, helping to meet local legal requirements while leveraging SAP’s automation features for enhanced efficiency and accuracy in their statutory reporting.

Localization of Convergent Invoicing and Contract Accounting (Israel)

SAP S/4HANA introduces localization features for Convergent Invoicing and Contract Accounting in Israel, including the integration of payment formats, bank statements, and enhancements to the "Uniform Files" statutory report. This update provides businesses with enhanced analytical capabilities for contract accounting, allowing them to generate reports that meet local regulatory requirements. Additionally, the feature simplifies the implementation of bank-specific formats, improving consistency and reducing errors. With these localization enhancements, businesses in Israel can improve their invoicing and contract accounting processes, ensuring compliance while saving time and reducing manual errors during implementation.

Additional Scenarios for Electronic Documents in Convergent Invoicing (Colombia)

We enables additional scenarios for electronic documents in Convergent Invoicing for Colombia, including credit memos, debit memos, invoices with discounts, tax exemptions, and foreign exchange rates. This feature helps businesses comply with Colombia’s electronic document regulations by expanding the scope of invoicing scenarios that can be processed electronically. By supporting these additional scenarios, SAP makes it easier for companies to manage their invoicing processes in line with local legal requirements while automating key tasks. This reduces the risk of errors, saves time, and ensures consistent compliance across a wide range of invoicing and tax scenarios.

For more information, read here: Creating Electronic Customer Invoices in Convergent Invoicing

Report for the Central Bank Payment (Japan)

S/4HANA introduces the ability to include contract accounting data in the Central Bank Payment report for Japan. This functionality enables businesses to generate the necessary reports for regulatory compliance when dealing with the Japanese central bank. The central bank payment report can now access contract accounting data directly, ensuring that businesses can generate accurate reports while maintaining consistency across their financial processes. By automating the generation of these reports, businesses can reduce errors, save time, and ensure compliance with local financial reporting requirements, making it easier to manage payments and financial transactions in Japan.

Central Bank Payment with Contract Accounting Data: Click Here
Central Bank Payment: Click Here

Localization of Convergent Invoicing and Contract Accounting (Malaysia)

Now SAP S/4HANA support the localization of Convergent Invoicing and Contract Accounting in Malaysia by enabling the processing of electronic documents for invoices validated by the Inland Revenue Board of Malaysia (IRBM). Additionally, this feature allows businesses to send validated invoices to business partners via the Peppol network. This ensures compliance with Malaysia’s local electronic document regulations, while also simplifying the implementation of bank-specific formats and statements. By automating the invoicing process, businesses can save time, reduce errors, and improve consistency, making it easier to comply with local requirements and manage cross-border transactions.

What's New: Click Here
Sending Electronic Invoices in Convergent Invoicing Using Peppol: Click Here

Localization of Convergent Invoicing and Contract Accounting (Luxembourg)

In Luxembourg, SAP S/4HANA localizes Convergent Invoicing and Contract Accounting by enhancing statutory reports such as the Annual VAT Return, Periodic VAT Return, EC Sales List, and Balance of Payments. These reports, now available through SAP Document and Reporting Compliance, include extended analytics for contract accounting data, improving analytical capabilities. The localization also enables the processing of payment formats and bank statements specific to Luxembourg’s financial regulations. This enhancement streamlines compliance reporting, saves time, reduces errors, and ensures consistency when implementing bank-specific formats, providing businesses with the tools needed to meet local regulatory requirements effectively.

Value Added Tax Split Mechanism for Reports and Invoices (Poland)

For businesses in Poland, SAP S/4HANA introduces a VAT split mechanism within the contract accounting and invoicing processes in SAP S/4HANA Cloud Private Edition. This feature enables the use of specific payment formats, such as PL_CGI_XML_CT and PL_CGI_XML_DD for credit transfers and direct debits, as well as bank statement formats like CAMT.053. By clearly splitting payments between the VAT amount and the total amount, businesses can improve transparency in financial transactions. This feature reduces errors, saves time by using pre-configured templates, and ensures consistency during the implementation of bank-specific formats, making VAT compliance more streamlined and efficient.

VAT Split in Processing Payments: Click Here
Applying VAT Split in Payments: Click Here

Cash Flow Statement for Switzerland*

This feature allows businesses in Switzerland to generate cash flow statements using the indirect method, as per the Swiss Civil Code of Obligations. The generated cash flow statement reflects inflows and outflows from operating, investing, and financing activities, in compliance with Swiss laws. With the pre-configured solution, businesses can generate and download the cash flow statement in ALV table-view format, export it to Microsoft Excel, and create a PDF output. This functionality helps businesses comply with local financial reporting standards while ensuring transparency and accuracy in their cash flow reports, ultimately reducing the risk of noncompliance and minimizing ongoing compliance costs.

*We can use the Run Statutory Reports app to generate the cash flow statement that fulfill the requirements of the government in Switzerland. We can use the indirect method and submit it to the tax authorities on a yearly basis or based on your business needs.

For More information, Click Here: Cash Flow Statement

Payment Formats and Bank Statement (Poland)

This feature provides new payment medium formats and bank statement formats for Poland, specifically for contract accounting and invoicing in SAP S/4HANA Cloud Private Edition. By offering templates for payment formats like ISO20022 for credit transfer and ISO2022 for direct debit, as well as the CAMT.053 bank statement format, businesses can streamline their payment processing and ensure consistency. This reduces errors and saves time during the implementation of bank-specific formats and bank statements, ensuring a smoother transition to compliant and efficient financial processes in Poland.

Formats for Payment Processing: Click Here
Payment Medium Formats: Click Here

Direct Debit Notifications (United Kingdom)

SAP S/4HANA now supports the management of direct debit mandates in the United Kingdom by integrating with the Automated Direct Debit Amendment and Cancellation Service (ADDACS). This feature allows businesses to process amendments and cancellations of direct debit mandates, update mandate data, and synchronize it with master data. The system provides automated notifications of changes to mandates, reducing the manual effort required for maintaining consistent data between the bank and the business. By streamlining the direct debit process, businesses can improve accuracy, automate workflows, and maintain consistency across their financial systems, ensuring compliance with UK banking regulations.

Notification of Mandate Changes: Click Here
Notification of Mandate Changes from Banks: Click Here

Thank you for engaging with this blog post—your attention is truly appreciated!

If you are also interested in other Lines of Business and Industries for this new SAP S/4HANA Cloud Private Edition 2023 release, I would like to draw your attention to the link collection blog – The Link Collection.

For more information on SAP S/4HANA Cloud Private Edition, check out the following links:

SAP S/4HANA Cloud Private Edition release info: sap.com/s4hana

SAP S/4HANA Cloud Private Edition Community here
SAP S/4HANA PSCC Digital Enablement Wheel here
Inside SAP S/4HANA Podcast here
Best practices for SAP S/4HANA Cloud Private Edition here
Help Portal Product Page here
Feature Scope Description here
What’s New here.

Feel free to drop a kudo if you liked this blog post. Don’t hesitate to leave a comment and check out our new community page to ask your questions and engage with the experts. Follow the PSCC_Enablement tag to stay up to date with our latest blog posts. Looking forward to the next release!

Follow us on @SAP and #S4HANA, and Stay connected with me on @LinkedinHarish & @twitterHarryMangtani