Starting from release 2021, you can use the new option of displaying direct cash position. Here the opening balance is calculated from historical accounting flows. The Cash Position or Cash Flow Analyzer app which is used to show cash position always read data from the One Exposure table. In the previous releases, you got only the option to display the Cash Position based on accounting data. You can either look at your accounting data, which means what is posted to your cash relevant GL accounts or you can establish it directly from data sent from banks. There are 2 ways how to obtain a cash position on your bank accounts. ![]() ![]() Therefore, it is crucial that it is accurate and up to date. The current cash position is one of the most important information, cash managers rely on when making their daily decisions. Direct Cash Position (based on a bank account balance)Ĭash position is simply the amount of cash an organization has at a specific point in time. This feature has been made available for S/4HANA 2021 via SAP Note 3098318 – Technical Note for Enabling Bank Account Control Mode “Two-Person Verification“. At the moment of writing this blog, you can find the comparison of different activation modes in the SAP Help for S/4HANA Cloud release 2111. With this mode, users can not only approve the changes but also reject them, comment on them, etc. Compared to Dual Control this mode offers additional capabilities. It means when users create or change bank accounts, the revisions must be approved by another authorized user. This mode is a more comprehensive version of Dual Control. Now you can choose to use the new activation mode which is called Two-person verification mode. In the previous release, you could choose one of the 3 activation modes available – direct activation, Dual Control, or Workflow. Revisions must be activated before they can be used in daily operations. With Bank Account Management, every time you create a new bank account or make changes to an existing bank account, your changes are saved as a bank account revision. With The Bank Account Applications, app, users can check pending and approved applications.With the Approve Bank Account Applications app, the cash manager can approve or reject the application.The user is asked to fill out only the basic information a such as type of bank account, currency, and a reason for the request With the Submit Bank Account Applications app, users can apply for opening a bank account.Only after processing the request the process for opening a bank account within the Treasury function will start. With the new FIORI apps, anyone within the company now can send an application for opening a bank account without a need to access the Manage Bank Accounts app. The new functionality is foreseen to be used by users outside of the Treasury function when requesting the opening of a bank account. ![]() ![]() It also means that it requires granting user authorizations for the Manage Bank Accounts app which is not always desirable. Based on the settings this will trigger an approval workflow where the request to open a bank account is either approved or rejected. This part of the process starts with a user accessing Manage Bank Accounts app and creating the bank account. So far the functionality covered only the part of the process for opening a bank account which is normally done within the Treasury department. We have the new functionality introduced to support opening new bank account applications. SAP S/4HANA Cash Management – What is new in release 1909.SAP S/4HANA Cash Management – What is new in release 2020.In addition, I will introduce two new enhancements which have been down ported from S/4HANA Cloud edition into S/4HANA release 2021 via SAP Notes and are planned to be released in the next feature pack.įor delta in the previous releases, you may refer to my previous blogs You can always find the complete list of new features in the What is new viewer, either in HTML or PDF format. I will focus on the most significant developments and try to explain them in more detail. It is not the purpose of this blog to explain all the new functionalities. In this blog post, we will take a look at what is new in SAP S/4AHANA Cash Management release 2021.
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