In today’s increasingly digitized business sphere, what is of paramount importance for sustenance and growth? Undoubtedly, it is real-time financial reporting and accurate financial forecasting. With organization growth to various geographies and businesses without boundaries, complexity and legal demands increase. To achieve business objectives, your financial consolidation should not only be quicker but also should render a unified view of your business.
Business decisions take into account real-time data as well as projections from the data, drive profit and efficiency. Trying to exploit this data, however, can be daunting, since the data itself is complex. A thoughtfully-crafted solution would go a long way in helping an organization strengthen its market position while keeping its customers satisfied. A good financial management suite, therefore, must be able to:
SAP has suite of Financial management products that can boost your organization’s finance business prowess and responsiveness. It allows organizations to Run Simple to improve processes, increase customer satisfaction and grow their business. It's essentially business and technology coming together to improve customer satisfaction and operational efficiency.
Leadership teams need a unified view of the finances in order to assess the business performance and make appropriate decisions. Contextual and intuitive dashboards, customizable reports showcasing Financial KPIs in an easy to understand manner provides actionable and accurate insights for better business planning.
Right planning and accurate forecasts enables you to analyze and simulate different business scenarios. Use SAP tools for functions such as annual and interim planning, bottom-up and top-down planning, target performance comparisons, simulations, workflows, sales planning at customer or product level, and integration with material management.
Presence in many geographies, mergers, acquisitions, partnerships, etc., increase the complexity of financial consolidation processes. Manual consolidation is prone to errors. Also, using multiple IT systems for planning and consolidation might raise the risk of duplicate data. Leverage Experience our legal and management consolidation solution which takes care of different entities, companies, currencies, legal standards such as IFRS, GAAP, and other country-specific ones and IT systems.
Reliable data leads to quality financial reporting and accurate forecasting. A single source of truth for your data eliminates inconsistencies and data integrity issues while accelerating financial reporting. Leadership can make informed investment decisions at any point by evaluating company’s performance indicators such EBIT, cash flow, working capital, and profitability.
Manual invoice-to-pay processes create a large amount of paper work leading to more administrative effort driving down the process efficiency. We help you to embrace SAP solutions to automate all invoice-to-pay processes. We automate each step of the vendor invoice process – from collection, scanning, and Optical Character Recognition (OCR) scraping, right through to posting. It not only simplifies the process but makes it less prone to errors.
A solid GRC strategy includes identifying and managing risks, supporting strategic decision making, and ensuring full compliance with all standards, rules, and regulations. We offer solutions to streamline and automate GRC activities– from access control to audit management and fraud management.