What is Monitor Predictive Accounting - Predictive Quality in SAP FI-PRA - Predictive Accounting?

SAP Term: Monitor Predictive Accounting - Predictive Quality

• Component: FI-PRA

• Component Name: Predictive Accounting

• Description: An app for finding and analyzing errors in source documents for the predictive accounting process. Users can then react by, for example, making corrections in the source documents or configuration as needed and improve the data that predictive accounting needs to make predictions.

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• Key Concepts: 
  Predictive Accounting is a component of the SAP Financials module that helps companies to predict and manage their financial performance. It uses predictive analytics to analyze past financial data and identify trends that can be used to forecast future performance. Predictive Quality Component (FI-PRA) is a tool within Predictive Accounting that helps companies to assess the quality of their financial data and identify potential risks. 
  
  How to use it: 
  FI-PRA Predictive Accounting can be used to analyze past financial data and identify trends that can be used to forecast future performance. It can also be used to assess the quality of financial data and identify potential risks. The tool provides users with a comprehensive view of their financial performance, allowing them to make informed decisions about their future strategies. 
  
  Tips & Tricks: 
  When using FI-PRA Predictive Accounting, it is important to ensure that the data being analyzed is accurate and up-to-date. Additionally, it is important to consider the context of the data when making predictions, as this can help to ensure that the predictions are more accurate. 
  
  Related Information: 
  FI-PRA Predictive Accounting is part of the SAP Financials module, which also includes components such as Accounts Payable, Accounts Receivable, General Ledger, and Cash Management. Additionally, SAP offers a range of other predictive analytics tools that can be used in conjunction with FI-PRA Predictive Accounting.