The growing, dynamic business environment with the pace of transformation has increased the importance of the Financial Planning & Analysis (FP&A) function and its insights for real-time decision making across people, process, and technology through Process Integration.
To make run proactive FP&A function, Enterprises must have real-time data sources available on business transaction activities. SAP S/4 HANA delivers such promise across both cloud-based ERP as well as Integrating Traditional On-Premise ERP i.e., SAP or Non-SAP through HANA Cloud Integration.
VisionTree can implement the latest 1809 SAP S/4 HANA Release for Predictive Accounting by deploying Transformation Expert to enhance overall Financial Experience for Enterprise Customers.
In general, predictive analytics tools use top-down information and mathematical tools to predict a range of outcomes based on time series algorithm; considering historical data to forecast future values after considering trends, cycles, and fluctuations. On the contrary, predictive accounting uses transactional line item data available within the SAP S/4HANA environment. The document flow across business processes drives predictable data sources using the bottom-up prediction model compare to mathematical algorithms to derive Predictiveness.
Additionally, as organizations can create predictive journal entries and transform any financial KPI from Real-time business scenarios based on document flow; Future forecasting is much easier and more accurate.
With the predictive accounting feature, organizations get a comprehensive overview of all orders and their values for the given period despite the billing status. They can derive accurate insights on the financial situation in the next quarter or the last day of the month, which is pivotal to make strategic business decisions.
VisionTree enables global organizations to leverage the SAP S/4 HANA to meet its strategic financial goals and performance improvement initiatives with better planning, budgeting, and forecasting capabilities. We help you migrate from traditional spreadsheets to a single-source-of-truth application that unifies financial information and thereby strengthen your predictive capabilities.
To learn more about unleashing the power of predictive accounting in SAP S/4 HANA, please get in touch with the experts at VisionTree. Engage VisionTree Transformation Expert for Discovery Today!