Effectively balancing growth and profitability requires operational visibility and a unified financial foundation. SAP Business Suite sets this foundation and enables the AI-driven automation and analysis required for advanced financial management today and as technology evolves.
SAP Business Suite is a comprehensive package of applications and cloud-based infrastructure for managing all aspects of a business. It combines SAP S/4HANA Cloud ERP for connecting all data and applications, Business Data Cloud for unifying company data, industry-specific applications for running operations, the Business Technology Platform for extending the system and integrating with third-party solutions and cloud services, and SAP Business AI for leveraging artificial intelligence at all levels of the company.
Finance executives can modernize their business and balance growth with profitability through SAP Business Suite.
SAP Cloud ERP for Finance
From a financial management perspective, SAP Business Suite provides a unified financial foundation that helps you increase forecast accuracy, optimize capital and fund strategic initiatives with confidence and clarity.
With SAP Business Suite, you can:
- Create operational agility by applying AI across critical financial processes like purchasing, vendor invoices, customer receivables, treasury, and other areas.
- Manage uncertainty by unifying diverse data sources to power accurate, advanced end-to-end planning and forecasting analytics.
- Steer your business to more profitable growth by optimizing end-to-end, intelligent financial processes in a single, integrated platform.
AI for Finance
With SAP Business Suite, CFOs and financial executives can embed artificial intelligence across financial processes. The SAP Joule AI Copilot allows a business to connect any of the popular AI engines to their system and leverage it across applications and data sources. With this unified data and process access, AI can both serve as an intelligent copilot and perform or advise on complex workflows within a company.
From a financial management perspective, the AI within SAP Business Suite can automate and advise on working capital, accounting and financial close, compliance optimization, planning and reporting, and both travel and expense management.
Artificial intelligence can drive big gains, reducing accounts receivable matching by 71 percent, data entry by 75 percent, error investigation by up to 90 percent, and financial analysis times by 25 percent.
Data Insights for Finance
Consolidate contextual data from all business operations for more reliable predictions. By storing all company data in a single location through SAP Business Suite, financial intelligence gets smarter and more comprehensive.
Planning and forecasting gets smarter and more efficient with real-time scenario planning and performance dashboards to evaluate financial impact from shifts in demand, cost, or revenue. Forecasting liquidity improves with models enriched by external indicators like payment history, credit scores, and macroeconomic data, and financial data gets harmonized by linking it with business signals from HR, demand, and operations.
SAP Business Suite also improves core financial processes by monitoring receivables, payables, and inventory in real time to free up cash and improve liquidity across the business, tracking budget versus actuals across cost centers in real time to surface anomalies and enforce thresholds, and streamlines close and variance analysis through automated journal entries and contextual data throughout the enterprise.
Applications for Finance
Run user-friendly financial applications seamlessly integrated with AI agents for efficient and controllable financial functions.
Integrated accounting, financial management and treasury applications help you automate routine financial processes, orchestrate cash flow processes, and gain real-time visibility around working capital, sales data and financial risk.
Built-in compliance and sustainability capabilities make short work of previously onerous financial management tasks and help you adjust to changing tax and compliance requirements.
A Technology Platform for Finance
Manage your business by exceptions and oversight, letting AI and automation handle routine financial functions. Because SAP Business Suite is a comprehensive technology platform for all business operations, financial automation and coordination can run much deeper than siloed or stand-alone financial applications. This frees you up for more strategic financial activities.
By using a comprehensive business platform, you can optimize financial closing tasks and activities with automated processes, and achieve greater efficiency and deeper strategic insights by using SAP Enterprise Performance Management to apply advanced AI and automation to your SAP Cloud ERP data.
With unified, real-time financial and operational data, you can better align corporate strategy with divisional plans based on financial and sustainability drivers, ensure accuracy with a complete audit trail, and maximize group and divisional performance through multi-dimensional analyses, AI, and automated forecasts.
Learn More About SAP Business Suite and SAP Cloud ERP
Technology is changing fast, and this presents both a challenge and an opportunity for CFOs and financial executives. With SAP Business Suite, you can both modernize financial operations and future-proof them through the scalability and extensibility of SAP Cloud ERP.
Learn more about SAP Business Suite and the SAP S/4HANA Cloud Public Edition platform by contacting one of our experienced consultants at (801) 642-0123 or by writing info@nbs-us.com.
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