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In S/4HANA 2022, SAP introduced a tool called “Organizational Flexibility in Financial Accounting” (also called “Organizational Change” or “Profit Center Reorganization”) which enables the changing of legal and management entities that are grouped according to organizational structures, master data and transactional data. This feature allows you to update the profit center assignment in master data, such as Materials, Assets, WBS Elements CO Orders, and creates transfer postings for selected balance sheet accounts and open payables and receivables. Watch this webcast with SAP FI/CO Expert Paul Ovigele to learn the following: The various scenarios where Profit Center Reorganization is needed. How to use the “Manage Organizational Changes” app is to help you to split, combine, and replace profit centers. Which SAP Objects are affected by the reorganization. How you can navigate to related apps for organizational changes. Limitations of the “Organizational Flexibility in Accounting” feature.