The Universal Journal is one of the key innovations that was introduced with SAP S/4HANA Finance. It contains a Universe of data which is always reconciled by design and which you can slice & dice as per YOUR reporting requirements. At the end of the day, reporting is what matters for an accountant! It contains not only financial and controlling information at one place, but also operational data originating from logistics processes, which facilitates collaboration between finance and other areas of the organization. This ground-breaking approach allows for real-time access to information without the need to wait until the completion of the period-end close. In this session, Amit Verma will do a deep dive into Universal Journal and answer the following questions:

• Why was the Universal Journal introduced?
• The Universal Journal – What’s it all about?
• Gain insights into the definition of the Universal Journal, including the information it contains across financial, controlling, and operational processes
• Understand how the Universal Journal contains a universe of data easily accessible for reporting and How Real-time integration & reconciliation is guaranteed by design
• Understand how the Universal Journal is one source of the truth, which enables the concept of continuous accounting
• Learn what are the Multidimensional Capabilities are of the Universal Journal & how does it support “Self-service” reporting
• Want to adopt Universal Journal for new generation finance – How do we get there?
• Explore the migration paths available to move from SAP ECC to the Universal Journal in SAP S/4HANA Finance

Read the presentation here