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By Richard Haugen • February 21, 2018

Integrated Financials for Business Organization

Does the backend finances of your business look like an artist's craft room?

 

How are you looking to simplify your business operations with integrated financials?

Whether you are identifying new business opportunities, reacting to market dynamics, or gaining insight into financial performance, you need an integrated business solution that supports your complex and growing requirements.

Your next business solution must streamline your financial processes and simplify general accounting, so your finance team can spend more time helping your business grow using real-time, accurate information. With an intuitive interface, robust workflows, and embedded analytics, Cloud ERP (Enterprise Resource Planning) solutions automate routine tasks and provide valuable insight into approvals and process controls to help ensure compliance.

Specifically designed for growing small and midsize companies, cloud-based solutions have the functional depth of large-scale financial management solutions, but are delivered through a fixed-price, fixed-scope integration, which lowers your total cost of ownership.

Complete Business Systems

Leading Cloud ERP solutions deliver the core accounting features that growing companies need – including support for general ledger, accounts receivable, accounts payable, fixed assets, project management, cash and liquidity, compliance, and internal and external reporting, all baked right in.

The right ERP system helps ensure compliance by embedding internal controls into process flows and enhancing transparency through real-time reporting. This end to end solution accelerates period-end closings across multi-location, multiple business and multi-currencies and with monitoring tools that help you oversee the closing process.

Gain transparency and insight into financial performance

Doing business in different offices, across the city or across the world places an additional burden on your accounting staff. SAP ERP systems reduce this burden with preconfigured country versions and multi-location integrations that allow you to establish parallel ledgers that simultaneously manage reporting for company divisions with different fiscal years, currencies, and taxation requirements.

You can analyze revenue and costs by multiple dimensions to better understand profitability of individual business units. Your reports are always up-to-date and accessible across your business through intuitive analytics delivered directly to users. Users can generate detailed reports by cost center, geography, department, and customer. More important, information is available immediately at the time of the posting, so there’s no waiting for a reporting system to be updated.

Analytics from the ground up

With the solution’s built-in analytic functions, you can continuously monitor cash positions in real time, forecast inflows and outflows, identify critical liquidity issues, and take action to address those issues.

A highly-automated payment process lets you schedule payment runs to take advantage of early-payment discounts offered by your suppliers. The solution supports multiple global payment methods – including checks, electronic bank transfers, and direct debits.

Analytics embedded in SAP Business ByDesign give your executives and knowledge workers deep and timely insight into financial performance across the business. With these capabilities, you can now do all your business transaction processing, reporting, and analytics in a single solution.

Anywhere, Anytime on Any device

SAP Business ByDesign and SAP BusinessOne further simplify data analysis and reporting by letting your employees work in the familiar Microsoft Excel environment. They can export business data from the SAP system to a local spreadsheet on their personal computers. Giving your employees access the systems and reports they need, where they need them in real-time.

Solution

  • Insight into costs, revenues, period-end closing, and fixed assets
  • Comprehensive tax and regulatory compliance at local and international levels
  • Support for diverse IT environments through open architecture specifically designed for the cloud
  • Powerful analytics with interactive, mobile, real-time reporting

Benefits

  • Streamline financial processes
  • Foster decision making based on real-time financial data that is accurate and auditable
  • Optimize liquidity with timely, accurate invoicing and electronic payment processing
  • Improve business performance

 

Schedule a webinar to see how the solution will fit your company.  Join Now.