Overview

SAP® S/4HANA Accounting & Financial Close encompasses solutions for all the way from conducting individual financial statements from corporate units, to consolidation preparation, real-time consolidation, up to and including support for accounts receivable and payable, asset, and bank accounting.

What's in it for you:

• With the support of artificial intelligence, you can automate and execute laborious manual processes more efficiently. Accounting regulations according to local commercial, tax, and corporate requirements can be simultaneously mapped.

• Furthermore, you can conduct consolidation preparation and real-time consolidation in the same system where you create your local financial statements. You don't need to load the data into a business warehouse, thereby eliminating complex reconciliation and clarification tasks. This is made possible, among other things, by the central database, the "Universal Journal," where all data from all business transactions are stored, and the new HANA technology.

• With CDS views and analytical FIORI apps, users can retrieve and analyze information from a wide variety of end devices. S/4HANA also offers enormous improvements for planning compared to the R/3 system.