Profit and Loss, Balance Sheet, and Management Reports with AI and IoT Using SAP S/4HANA

Author(s)	Madhava Rao Kunchala
Country	India
Abstract	In modern business operations, finance departments rely on accurate financial statements and management reports to track the organization's performance and support decision-making. The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) into enterprise resource planning (ERP) systems like SAP S/4HANA enhances the ability to generate real-time insights from data. This paper discusses the significance of Profit and Loss (P&L) statements, balance sheets, and management reports, particularly when combined with AI and IoT. The use of SAP S/4HANA facilitates smarter data processing, real-time analysis, and decision-making.
Keywords	Profit and Loss, Balance Sheet, Management Reports, AI, IoT, SAP S/4HANA
Field	Computer Applications
Published In	Volume 14, Issue 2, April-June 2023
Published On	2023-04-05
DOI	https://doi.org/10.71097/IJSAT.v14.i2.1325
Short DOI	https://doi.org/g83wvz

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International Journal on Science and Technology