![\"\"](\"https:\/\/e3mag.com\/wp-content\/uploads\/2026\/03\/banner_26-04_29_1200x150-1.jpg\")
<\/a><\/div>\n\n\n\nSingle Financial Truth<\/h3>\n\n\n\n
Driven by the new data model in S\/4 Hana, Finance and Controlling are transformed and converged in a single transactional table to record and report from. A central data pool is created on basis of a common journal entry table, the Universal Journal (UJ), which combines all relevant transactional data: transactions, analyses and insights are all based on this single source. This Single Financial Truth makes up the core of S\/4 Hana and paves the way towards digital transformation. <\/p>\n\n\n\n
Real-time reporting<\/h2>\n\n\n\n
Another new feature represents the multidimensional reporting in real time\u2014ad hoc and with drill-down functionalities for financial reports. Internal and external accounting are harmonized with the new common data store that enables reporting on line item level. <\/p>\n\n\n\n
Multidimensional reporting makes reporting in S\/4 simpler, more flexible, faster and significantly more granular. The new general ledger as an integral part of S\/4 meets the challenge of mapping different accounting regulations in parallel. <\/p>\n\n\n\n
With the option of keeping different valuations in different ledgers, the posting of many transactions now runs in parallel. Redundant postings for cross-valuation transactions become obsolete and only require an additional posting in the event of valuation differences. <\/p>\n\n\n\n
The new data model under S\/4 Hana significantly simplifies the introduction of the new general ledger and the associated mapping of parallel accounting rules as a ledger solution. The accounts solution still exists as an alternative option in S\/4 Hana.<\/p>\n\n\n\n
Coordinated, optimized, flexible<\/h3>\n\n\n\n
The core functionalities of Accounting Based Profitability Analysis (AB-COPA) have been enhanced as well. As \u201cSimplified COPA\u201d, AB-COPA in S\/4 Hana is embedded in the Universal Journal and enables multi-level contribution margin reports by integration of material cost estimate and its cost components. Furthermore, variance categories from manufacturing can also be recorded on dedicated GL-accounts. With these enhanced functionalities, and according to the SAP product roadmap, AB-COPA is going to replace costing-based COPA (CB-COPA) as best practice approach for management reporting in S\/4 Hana. <\/p>\n\n\n\n
Integrated in the Universal Journal, the Material ledger (ML) becomes the single source for inventory- and material valuation. Thus, the activation of this ML functionality is mandatory for all organizations with MM-Process. Additional features of ML, such as Actual Costing and Parallel Valuation with Transfer Prices for inter- and intra-company transactions in up to three valuation approaches (legal, group and profit center valuation) are still optional.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
With S\/4 Hana Finance, internal and external accounting converge. Companies should keep this in mind in order to make the necessary adaptions in their organizational setup and process landscape. <\/p>\n\n\n\n
This transformation, however, does not have to be fronted unilaterally. External consultants can render additional support and accelerate the process. With an unbiased view from an outside perspective, they can examine the prerequisites and provide holistic process consultancy. Under these circumstances, a company, and in this case particularly its finance and accounting department, can face the challenges of digital transformation.<\/p>\n\n\n\n In times of globalization, not only the economy takes giant leaps. Companies have to face new challenges on a constant basis. In order to keep up with the competition, they must keep an eye on technological innovation yet also provide profound expertise.<\/p>","protected":false},"author":2052,"featured_media":65458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[4,37393],"tags":[601,6041],"coauthors":[37588,37589],"class_list":["post-65456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management","category-mag-2003","tag-digitalisierung","tag-s4-hana-finance","pmpro-has-access"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"thumbnail":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-150x150.jpg",150,150,true],"medium":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",400,180,false],"medium_large":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-768x346.jpg",768,346,true],"large":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"image-100":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-100x45.jpg",100,45,true],"image-480":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-480x216.jpg",480,216,true],"image-640":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-640x288.jpg",640,288,true],"image-720":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-720x324.jpg",720,324,true],"image-960":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-960x432.jpg",960,432,true],"image-1168":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"image-1440":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"image-1920":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"1536x1536":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"2048x2048":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"trp-custom-language-flag":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",18,8,false],"bricks_large_16x9":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"bricks_large":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"bricks_large_square":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",1000,450,false],"bricks_medium":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",600,270,false],"bricks_medium_square":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage.jpg",600,270,false],"profile_24":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-24x24.jpg",24,24,true],"profile_48":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-48x48.jpg",48,48,true],"profile_96":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-96x96.jpg",96,96,true],"profile_150":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-150x150.jpg",150,150,true],"profile_300":["https:\/\/e3mag.com\/wp-content\/uploads\/2020\/02\/CONSILIO_Montage-300x300.jpg",300,300,true]},"post_excerpt_stackable_v2":" Gef\u00fchlt kommen w\u00f6chentlich neue Anforderungen auf Unternehmen zu, die es zu bew\u00e4ltigen gilt. Wer Schritt halten will, ben\u00f6tigt nicht nur einen wachsamen Blick auf technische Neuerungen, sondern auch tief greifendes fachliches Know-how.<\/p>\n","category_list_v2":"Business-Management<\/a>, MAG 20-03<\/a>","author_info_v2":{"name":"Carolin Foot, Consilio","url":"https:\/\/e3mag.com\/en\/author\/carolin-fuss\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts\/65456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/users\/2052"}],"replies":[{"embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/comments?post=65456"}],"version-history":[{"count":3,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts\/65456\/revisions"}],"predecessor-version":[{"id":155858,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts\/65456\/revisions\/155858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/media\/65458"}],"wp:attachment":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/media?parent=65456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/categories?post=65456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/tags?post=65456"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/coauthors?post=65456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"https:\/\/e3mag.com\/partners\/consilio-it-solutions-gmbh\/\"](\"https:\/\/e3mag.com\/wp-content\/uploads\/2017\/03\/CI-CONSILIO.jpg\" "\\"Innovations")
<\/a><\/figure>\n\n\n\n\n\n\n\n\n\n\n\nPDF in English <\/a><\/h2>","protected":false},"excerpt":{"rendered":"