Over the many years of working with SAP’s ERP products (R/2, R/3, ECC, and now S/4HANA), we’ve seen a consistent change in the financial solution. For instance, SAP released the New General Ledger back in ECC. I blogged about previously how SAP came out with New Asset Accounting in ECC to better handle parallel valuation requirements. You can get started on them here: S/4HANA New Asset Accounting (Part 1): Introduction
I’m all for continuous improvement and evolution of a software product but at some point, the ‘new’ designation starts to feel a bit old. Well, I was doing some research in a new S/4HANA 2020 system and noticed in the IMG that there weren’t any ‘new’ text in the FI area. I started to go back into previous systems and finally found a 1610 system that had it. I did some research on the S/4HANA 1709 OP What’s New Guide from SAP and found this information below.
As of S/4HANA 1709, they’ve finally dropped the “new” designation from various parts of the FICO solution. Specifically, New GL, New Asset Accounting, and New Financial Accounting. Here is what the S/4HANA 1709 OP What’s New Guide says:
Below is a screenshot from two S/4HANA systems of the reference IMG (SPRO). On the left is a 1610 OP system and on the right is a 1709 OP system. You can see how they’ve finally dropped the “new” suffix with the exception of the migration activities. How long until we start seeing the word ‘Intelligent’ throughout the IMG !