What's New Viewer - SAP S/4HANA

Financials

Use

This feature provides you with steering and control mechanisms for a centralized governance of financial master data. The governance of the master data is managed by an approval process. Master data records can be created, completed, or changed in a staging area before they are made available in connected business applications.Master Data Governance for Financials (MDG-F) offers a pre-delivered single data model (“0G”) that combines several entity types of financial master data. The data model uses only flexible entity types. Both actual (active) data and staging (inactive) data, which only exists within a governance process, are stored in general MDG tables.

Although some entity types refer to existing objects in SAP systems, active master data is not directly stored in the related backend tables. To send active MDG data to the related SAP system tables, data replication is necessary. The entity types are composed of three areas: accounting, controlling, and financial consolidation. Nonetheless, most of the entities are connected to each other, for example, in groups or hierarchies. MDG-F supports versioning, which allows you to achieve transparency of your financial data. It also supports traceability of the data. Editions make it possible to maintain time-independent data simultaneously without any risk of confusion. MDG-F can be deployed as a hub, and also as a co-deployment in an S/4HANA environment. Since MDG-F uses the independent data model 0G, there are no general differences in the installation and use as regards deployment options.

Technical Details

Application Component

CA-MDG

Additional Details

Software Components

Application

Software Components

Master Data Governance, Central Governance

MDG APPLICATIONS 801, MDG ADDITIONAL UI 801, MDG FOUNDATION 801, S4CORE 101, UIS4HOP1 200

Effects on Customizing

To configure MDG Central Governance, run the Customizing under Start of the navigation pathCross-Application Components Next navigation step Processes and Tools for Enterprise Applications Next navigation step Master Data Governance, Central GovernanceEnd of the navigation path.