universal journal

Masterclass: Single Source, ONE Truth – Have Real Time Info Anytime!Harness the power of a single source of truth to drive the success and sustainability of your business transformation project. By adopting a process-based approach, fostering transparency, and enabling analysis and retrospection, a single source of truth establishes a solid foundation for efficient and effective operations.

Jun 18, 2023

•

1 minute read

SAP Central Finance For companies looking to reimagine their business models for greater operating efficiency, better customer service, and improved financial performance, unifying their enterprise finance model can be a game changer. SAP S/4HANA innovations such as SAP Central Finance make this possible, according to two SAP advisors. In this thorough breakdown, which explains other innovations within SAP S/4HANA (such as the Universal Journal) and the value of SAP Central Finance, detailed diagrams and comprehensive explanations will help you understand how SAP Central Finance can assist finance teams in moving from a back-office role to become strategic partners to the business. After reading this article you will be able to: - Understand how SAP S/4HANA innovations allow for continuous financial operations, analysis, and reporting; - Explain the value SAP Central Finance can provide on a global level and across SAP and non-SAP systems; - See the different components of SAP Central Finance’s architecture; and - List SAP Central Finance deployment considerations.

Jul 7, 2020

•

16 minute read

Accelerate Your Financial Close to Support Strategic Decision Making Establishing an efficient financial close is a challenge for many businesses due to the number of people and complexity of tasks involved, and yet it is key to a best-run finance organization. By understanding how financial transformation—including the use of automation to increase operational efficiency—can support finance teams in the close process and add more value to the business, finance teams can spend less time on mundane tasks and more time engaging in value-added activities. This article analyzes two workstreams that are essential to the financial close process, and how SAP solutions complemented by BlackLine applications can support these workstreams and improve the close process. After reading this article you will be able to: --Understand the stages of the financial close, which range from transactions to analytics; --Explain how financial accounting, controlling, and planning work together to enable insight into the financial status of a company; --Define the solutions that are available to support both the R2R and the FP&A workstreams; and --Identify how BlackLine applications complement the solutions provided by SAP and how they fit into the overall financial close process.

Jul 6, 2020

•

17 minute read