Traditionally, accounting has been focused on fact-based, actual, and historical reporting. This historical perspective provides the company with added value for understanding the current situation, but it does not necessarily help to better predict and plan for the future.
In SAP Enterprise Central Component, the planning and forecasting function was technically separated from accounting by means of tables and transactions. In the company itself, there is often an organizational separation into different departments. The disadvantage of the separation is that there are two different universes: finance and controlling, each with their own terminology, key figures, processes, and reports. This often led to misunderstandings and misaligned goals.
The integrated data model and SAP S/4HANA can help to overcome these problems. The predictive accounting solution is now the single source of truth for accountants and controllers. Combined with traditional accounting, it enables them to see where they have been, where they are now, and where they are going in the future, with no extra effort for forecasting and planning.
In this video tutorial, the presenter gives instructions for Predictive Accounting solution in SAP S/4HANA under following topics;
- How does it work ?
- Process overview with Sales Order Creation
- Predicted Sales order for Incoming Sales Orders
- Comparison of Predicted Values and Actual Values in Gross Margin App
- How does prediction work on the Purchasing?
- Overview of Commitments Analysis App