2024 Sep 02 11:49 AM - edited 2024 Sep 02 11:51 AM
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?
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
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