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What Is Currency Translation in SAP S/4HANA?

Currency translation is a process in which an organization translates the financial data of its foreign subsidiaries from their transaction currency into the group currency of an organization.

Naveen Michael
Naveen Michael

Naveen Michael is a passionate tech writer intrigued with how emerging technologies will shape the world for the better. With a handful of years of experience as a tech-savvy writer, he is set to study SAP and inform readers on "how SAP plans to impact businesses with its AI and other emerging technology offerings". Currently, he is heading a three-member SAP content team that is dedicated to writing about SAP at ERPROOTS Private Limited, one of the world's leading SAP consulting companies, helping its clients transition to SAP S/4HANA.

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Generative AI with SAP: From Symbolic to Statistical

The process of machines learning things and mirroring human intelligence to perform complex tasks, such as logical reasoning, automating repetitive...