Transforming Cost and Profitability Management with the Predictive Ledger
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Key Takeaways
⇨ Predictive accounting enables you to take the most up-to-date data from SAP S/4HANA modules outside of Finance.
⇨ Predictive accounting can be used in processes such as Sales Orders, Purchase Orders, Synchronous Web Services and Travel. Expense management
⇨ Extension ledgers can be used for manual adjustments, simulating foreign currency valuation and storing predictive accounting information.
The Extension Ledger was introduced with SAP S/4HANA to enable postings to be made that do not affect the main ledger. Use cases for Extension Ledger include the creation of what-if postings for scenarios such as the introduction of a new product and the simulation of foreign currency valuation using an exchange rate prior to month-end. In the release of SAP S/4HANA 1809, SAP introduced the prediction and commitment Extension Ledger, which enables you to take the most up-to-date data from areas in SAP S/4HANA outside of finance, such as sales, purchasing, and other integrated products, such as SAP Concur; or external systems, and use it to predict future results at any time.
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