SAP S/4HANA Cloud Private Edition, journal upload
Accelerate period-end journal entries.
Overview
Period-end journal entries are necessary for a period closing activity but accounting teams are spending considerable time in curating data as per the policies and reporting needs. Through a new SAP Fiori app with generative AI capabilities embedded, AI-assisted journal upload in SAP S/4HANA Cloud Private Edition accelerates the creation and the upload of period-end manual journal entries. Accountants can assign a guidance document (written in natural language) for accounting posting to the journal upload case, create journal upload cases, automatically generate journal posting proposals according to assigned guidance, validate the posting proposals before posting and post the posting proposal as journals.
Benefits
- Automate processes and generate period-end entries that are aligned with posting policies faster than ever
- Save manual effort on preparing the journal upload files
- Improve the data quality through automatic data generation and pre-posting data validation
- Reduce compliance efforts by creating upload cases with a full audit trail
- Empower better business decisions and transform your team into a lean strategic finance function
Business Value
- 70% reduction in effort to curate manual journals at period-end
- 50% reduction in effort to upload and validate manual journal at period-end
- Improved quality of manual posting
Details
Solution type
AI Feature
Compatibility
Works with
SAP S/4HANA Cloud Private Edition
