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    SAP Cloud ERP for Accounting

    Modernize your accounting processes with SAP Cloud ERP

    As an accounting leader, you are facing increasing pressure to ensure your organization has the tools and data needed to drive growth and success. Outdated or underpowered systems will start hindering your ability to provide the insights necessary for timely, strategic decision-making, such as maximizing return on investment, improving free cash flow, and reducing costs. By undertaking a business system modernization project and implementing a future-proof cloud-based ERP , you’ll gain access to a single source of financial truth, process automation to streamline and eliminate manual tasks while providing the real-time information needed to support your organization's strategic planning, goals and achieve optimal financial visibility and health.

    Record-to-report optimization delivers fast, reliable financials

    The core of SAP's accounting, financial close, and reporting software helps you optimize your finance and accounting operations, including AP/AR, closing, consolidation, management reporting, and legal reporting.

    • Streamline Operations with Automation:
      • Eliminate manual tasks: Leverage intelligent automation to automate accounting postings, financial consolidation, and reporting, reducing manual effort and increasing efficiency. (AI (Artificial Intelligence), ML (Machine Learning) and RPA (Robotic Process Automation)
    • Drive Informed Decision-Making:
      • Enhance data reliability: Gain deeper insights and make more confident decisions with accurate, auditable financial and management reporting.
      • Strengthen compliance: Ensure adherence to financial regulations and accounting standards.
      • Leverage the predictive capabilities of the system to gain confidence in your decision-making.
    • Achieve Real-Time Business Intelligence:
      • Centralized data: Access a unified source of financial truth for comprehensive reporting and analysis. User configurable dashboards allow instant access to the KPIs relevant to need and role without having to request IT resources.
      • Flexible insights: Gain granular visibility into financial performance and explore various scenarios to support strategic decision-making.
    Accounting processes inside the SAP Cloud ERP solution.

    Group Reporting:

    • Unified entity and group close reporting- Access a single source of truth for local operational and group-level data, and drill down from consolidated reports to transactional data.
    • Continuous accounting- Achieve real-time performance monitoring, identify and correct issues pre-close, and distribute workloads continuously and evenly over the accounting period.
    • Advanced group consolidation features- Collaborate across embedded intercompany reconciliation processes, and support inter- and intra-segment elimination with innovative reporting functionality.
    Group Reporting, Financial Statement Item Details
    Financial Close, Approving Closing Tasks

    Financial Close

    • Closing templates- Start with best-practice entity close content, then use sequencing and dependencies to fit your organization’s needs and reuse templates across multiple companies and cycles.
    • Closing automation- Increase the efficiency and speed of your close with automation routines, execute jobs across your landscape, and give your team intuitive, self-service access to closing transactions.
    • Monitoring and insights- Achieve real-time insight into your financial close process and help ensure the quality and governance of each close to meet regulatory disclosure mandates.

    Account Substantiation

    • Streamlined reconciliation- Accelerate financial closings by bridging complexities with automated integration of SAP ERP and SAP S/4HANA.
    • Connected finance and accounting processes- Unify people, information, and technology and support continuous accounting and improvement.
    • Automation of labor-intensive financial close and compliance processes- Reduce or eliminate routine manual tasks and increase visibility and standardization with intelligent workflows that help accounting and finance teams focus on high-risk areas and support ongoing business strategies and policies.
    Account Substantiation in SAP Cloud ERP
    Intercompany Management in SAP Cloud ERP

    Intercompany Management

    • Efficient Transaction Processing- Establish clear intercompany trading guidelines and streamline the entire transaction lifecycle, from creation and validation to workflow management and substantiation.
    • Automated Reconciliation and Settlement- Automatically match intercompany transactions, identify discrepancies, and minimize settlement efforts through bilateral netting, reducing the number of transactions required between entities.
    • Enhanced Transparency and Control- Gain a comprehensive view of intercompany settlement balances from a single location, ensuring data integrity, regulatory compliance, and improved visibility into aggregated, bilaterally netted payables or receivables.

    Accelerate your journey to the cloud with GROW with SAP

    The GROW with SAP program equips you with proven tools and methodologies to streamline your SAP Cloud ERP implementation.  Enjoy a predictable timeline that minimizes surprises and ensures a smooth transition. Furthermore, GROW with SAP provides flexible, role-specific training designed to empower your entire team. Build essential skills and maximize user adoption, paving the way for a successful cloud migration.

    Integrate & Extend SAP Cloud ERP

    Accelerate new integrations , reduce redundancies, see real-time data updates, and gain a deeper understanding of revenue and growth.

    Treasury Management

    Optimized working capital and mitigation of financial risks.

    • Strengthen Cash Flow Management:Centrally manage bank accounts and monitor cash flow for optimal liquidity and working capital.
    • Effortless Payments:Simplify and centralize internal and external payments with automated workflows and secure bank communication channels.
    • Proactive Risk Mitigation:Mitigate financial risks, optimize investments and borrowing decisions, and ensure regulatory compliance.

    Explore Treasury Management

    Spend Management

    SAP Ariba is a comprehensive suite empowering businesses to transform their spend management, unlock cost savings, and gain a competitive edge.

    Explore Spend Management

    Expense Management

    SAP Concur Expense is a powerful solution for businesses seeking to streamline expense management, improve efficiency, and gain better control over spending.

    Explore Expense Management

    Supply Chain Visibility

    SAP Supplier Portal and Business Network streamlines collaboration and communication with vendors.

    Explore Supplier Portal

    Multi-Bank Connectivity

    The SAP Multi-Bank Connectivity solution offers a secure network owned and managed by SAP. You can leverage multiple services over one single channel and support the deployment of new ones.

    Key Benefits:

    • Connected businesses with financial institutions:Create a multi-bank, digital channel between your ERP system and your banks that offers embedded EBICS and Swift connectivity.
    • Increased control, efficiency, and transparency:Refine and simplify treasury operations by updating payment status and cash positions automatically in your ERP system.
    • Higher reliability of your banking network:Automate manual, error-prone steps associated with the execution and reconciliation of payments, order-to-cash applications, and order entry documents.

    Explore Multi-Bank Connectivity

    Treasury Management

    Treasury Management

    Optimized working capital and mitigation of financial risks.

    • Strengthen Cash Flow Management:Centrally manage bank accounts and monitor cash flow for optimal liquidity and working capital.
    • Effortless Payments:Simplify and centralize internal and external payments with automated workflows and secure bank communication channels.
    • Proactive Risk Mitigation:Mitigate financial risks, optimize investments and borrowing decisions, and ensure regulatory compliance.

    Explore Treasury Management

    Spend Management

    Spend Management

    SAP Ariba is a comprehensive suite empowering businesses to transform their spend management, unlock cost savings, and gain a competitive edge.

    Explore Spend Management

    Expense Management

    Expense Management

    SAP Concur Expense is a powerful solution for businesses seeking to streamline expense management, improve efficiency, and gain better control over spending.

    Explore Expense Management

    Supply Chain Visibility

    Supply Chain Visibility

    SAP Supplier Portal and Business Network streamlines collaboration and communication with vendors.

    Explore Supplier Portal

    Multi-Bank Connectivity

    Multi-Bank Connectivity

    The SAP Multi-Bank Connectivity solution offers a secure network owned and managed by SAP. You can leverage multiple services over one single channel and support the deployment of new ones.

    Key Benefits:

    • Connected businesses with financial institutions:Create a multi-bank, digital channel between your ERP system and your banks that offers embedded EBICS and Swift connectivity.
    • Increased control, efficiency, and transparency:Refine and simplify treasury operations by updating payment status and cash positions automatically in your ERP system.
    • Higher reliability of your banking network:Automate manual, error-prone steps associated with the execution and reconciliation of payments, order-to-cash applications, and order entry documents.

    Explore Multi-Bank Connectivity

    Everything you need to succeed, and more

    • Resources
    • Latest News
    icon-resources-3
    Always Be Closing: Improving Financial Close for the Mid-market

    By looking at high-performing companies, regardless of size, while also taking into account which elements can be realistically changed, mid-market companies can learn lessons from peers of all sizes to improve their own approaches to the financial close process.

    Get the PDF
    Get the PDF
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    How Cloud-Based Efficiency and Innovation Address Finance Challenges

    This report examines how Best-in-Class companies and their CFOs are using cloud-based technology to help navigate through this uncertainty, address financial challenges, and improve their business results.

    Get the PDF
    Get the PDF
    icon-resources-2
    Get to Know SAP Cloud ERP

    Explore the SAP Cloud ERP Solution.

    Explore the Solution
    Explore the Solution
    Modernizing Finance Beyond SAP Business ByDesign
    SAP Business ByDesign
    Modernizing Finance Beyond SAP Business ByDesign

    by Sean Barbera

    While SAP Business ByDesign is an effective ERP platform, as your company grows, it may be time to consider migrating to SAP Cloud ERP as the next step.
    Read More
    Read More
    Make SAP Cloud ERP Simple with a Prepackaged Industry Deployment
    Cloud ERP
    Make SAP Cloud ERP Simple with a Prepackaged Industry Deployment

    by Kelsie Linden

    Simplify SAP Cloud ERP deployment with prepackaged industry solutions. Learn how to reduce costs, accelerate timelines, and go live in as little as a few months.
    Read More
    Read More
    Beyond SAP Business ByDesign: Planning the Next Stage of ERP Growth
    SAP Business ByDesign
    Beyond SAP Business ByDesign: Planning the Next Stage of ERP Growth

    by Jack Thrush

    Is your current ERP system positioned to support the organization’s next five to ten years of growth and digital innovation?
    Read More
    Read More

    Watch an SAP Cloud ERP Overview Demo On-demand

    Thesapyou know, for growth-focused companies.

    Watch a Demo
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    Have questions? Start the conversation by contacting us.

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