Changes In Funds Management with S/4 Public Cloud

[ankit_agarwal8]

Hello experts, I need some insights on the changes in Funds Management with the S/4 Public Cloud version. It appears that with the cloud version, budgets need to be set up at the Budget Account, Cost Center, and Fund levels. And the budget account can only be derived from the GL master.

In the earlier on-prem versions, we used to set budgets at the commitment item and Fund center levels, which did not involve the GL and Cost center levels. This allowed for greater flexibility in budget allocation at various levels. However, it seems that this flexibility is now restricted. The budgeting process at the GL level and Cost center level is also available in Cost Center Budgeting. In light of this, I am wondering why clients should opt for Fund Management. Furthermore, it seems that Fund, which was optional earlier, is now mandatory.

Could someone please confirm if I am understanding these changes correctly or if I am missing something?

@iklovski @George_Yu 

[George_Yu]

Hi Ankit, I don't know the answer to your questions. Need functional expertise here. Regards, George

[HenrikeGrötecke]

Thanks for your question. It has been forwarded to the experts.

[Frank_Godeby]

Hi Ankit, which country for S/4 HANA Cloud do you represent ? Is S/4 HANA Cloud with Public Sector Management been released for that country ? If yes, have you been part of the roll-out sessions ?

[ankit_agarwal8 · Accepted solution]

Hi Frank,

I was primarily checking it for the UK. I am unsure if it has been rolled out there yet, but I believe the core functionality will remain consistent across all countries.

Thanks

[Frank_Godeby · Accepted solution]

That is correct. We have abolished the funds center and the commitment item as in OnPremise, we always suggested to use a 1:1 relationship between cost/funds center and commitment item/GL account. So now the structures have been streamlined in order to keep the 2 worlds in sync. We are not planning to change this in the cloud. Most feedback regarding this design has been very positive so far.

[ankit_agarwal8 · Accepted solution]

Hi Frank, thanks a lot for your reponse. You said this is changed for On-Prem also. But I believe that until the 2023 on-prem version, we still had Fund Centers and commitment items. In which on-prem version was this changed?

[Frank_Godeby · Accepted solution]

No, there is no change in OnPremise/Private Cloud.