The Universal Journal brings together the once-separate components Financial Accounting (FI) and Controlling (CO) into one pool of relevant business data.
The year or month-end closing process is among the most critical yet laborious processes of the accounting department. The SAP S/4HANA Accelerated Financial Closing process will address these concerns holistically.
SAP plans to transform S/4HANA Finance into an intelligent ERP that can leverage machine learning and apply predictive analytics to the data explosion expected from the Internet of Things (IoT). Future releases include a personalized digital assistant driven by natural language processing (NLP) and artificial intelligence.