SAP FPSL is a sub-ledger solution for financial instruments and insurance contracts that differs significantly from the previous sub-ledger scenarios, mainly due to its much stronger business orientation and the higher degree of standardization of the accounting process model.
With SAP FPSL, SAP SE has launched a sub-ledger solution for financial instruments and insurance contracts that differs significantly from the previous sub-ledger scenarios, primarily due to its much stronger business orientation and the higher degree of standardization of the accounting process model.
ANALYSIS & DESIGN
Analysis of the finance environment and design of a FPSL finance concept
The innovations in combination with the considerably tidied-up, primarily functional customizing structure of the solution ensure that the process of software implementation is extremely simplified across all phases and shortened its duration.
INTRODUCTION OF SAP FPSL
SAP FPSL is a MULTI-GAAP capable sub-ledger and can be fully integrated into S/4HANA. This means that, among other things, cash flow-based financial transactions can be presented securely and efficiently. The solution offers multi-currency accounting, lot accounting, hedge accounting, a fair value engine and other subledger components.
- Introduction of the central financial sub-ledger tool FPSL
- Design and implementation of a fully comprehensive finance platform with SAP S/4HANAand FSDPfor the most efficient use of SAP S/4HANA Finance and FPSL
- Implementation and integration of the central subledger for financial products SAP S/4HANA for Financial Products Subledger (FPSL) in S/4HANA Finance
MULTI CURRENCY ACCOUNTING
SAP FPSL enables multi-currency accounting and multi-GAAP accounting based on cash flow-based financial transactions. ADWEKO helps you to reduce both closing and change times and shows you ways to use the new possibilities of Continuous Accounting in your company.
- Fast and efficient monthly, quarterly or annual financial statements (hard close)
- Redundancy-free balancing
MIGRATION FROM CLASSIC AFI TO SAP FPSL
In 2025, the SAP Bank Analyzer will be phased out of maintenance and with it the Classic AFI. With SAP S/4HANA for financial products subledger (SAP FPSL), SAP has already introduced the successor product for efficient subledger accounting for financial products. ADWEKO advises you at an early stage and supports you in the upcoming migration from Classic AFI to SAP FPSL.
- Professional and technical analysis with the help of a preliminary study
- Fast entry into implementation and testing through methodical tool support
PROCEDURE MODEL FOR MIGRATION FROM CLASSIC AFI TO SAP FPSL
In 2018, SAP launched the new SAP S/4HANA for financial products subledger (FPSL) subledger solution as a successor to the previous Classic AFI solution.
Due to the SAP roadmap, a changeover to FPSL will be necessary, as Bank Analyzer will be phased out of official maintenance in 2025 and its functions will be distributed to new modules (SAP’s own or from third-party providers).
As an expert for SAP accounting solutions, we at ADWEKO developed a process model at an early stage, which provides the customer with the best possible benefit from the migration to FPSL and greatly reduces the largest technical and functional effort drivers.
For the solution, ADWEKO methodically relies on a test-driven development of prototypes using the SAP standard already in the phase of a preliminary study. From this, important bases for decision-making for the implementation or migration project can be derived, which significantly minimize the implementation risk. With the prototypes, the preliminary study is detached from theory and practical problems or customer-specific pitfalls can be identified and evaluated at an early stage. This procedure is well established and has already significantly simplified the planning of the SAP FPSL implementation for several ADWEKO customers. As with the prototype, the entire procedure is strongly results-oriented and relies on a high degree of automation in all areas. ADWEKO offers a number of “accelerators” for this purpose, which significantly simplify project progress:
With the following consulting approaches ADWEKO analyses together with you the current status, the next steps and suitable solution scenarios. We support you in the introduction of FPSL for standardized and according to the regulations secure accounting processes. Contact us and find out about your change to SAP FPSL now, because the right approach will be decisive for the success of your project!