SAP Financials

The SAP ERP application supports the essential functions of your business processes and operations efficiently and are tailored to specific needs of your industry.

SAP Financials software provides applications that enable businesses to tailor SAP software and solutions to their specific business needs:

• Core accounting and reporting capabilities
• Financial supply chain management
• Treasury
• Shared services

• Financial and management accounting – SAP ERP Financials provides core accounting and reporting capabilities with scalability to support the requirements of large multinational companies. The general ledger simultaneously supports parallel books of accounts, including those for local GAAP, IFRS, US-GAAP, and tax. The solution integrates accounts payable and receivable applications in high-volume environments. Complete integration with the general ledger ensures the most up-to-date balances and reporting accuracy.
  
  Key features and functions include:
  • Fixed asset, accrual, bank, cash journal, inventory, and tax accounting
  • General ledger
  • Accounts receivable/accounts payable AR/AP
  • Fast close functions
  • Financial statements
  • Parallel valuations
  • Contract, profit center, project, product cost, profitability and cost-center accounting
  • Investment management
  • Revenue and cost planning
  • Transfer pricing

   

• Financial supply chain management – The SAP Financial Supply Chain Management (SAP FSCM) set of applications streamline receivables and collections management processes. These integrated solutions help you reduce operating costs, and improve cash flow and reduce days' sales outstanding. So you can quickly resolve invoice disputes and reduce the collections cycle through electronic customer billing and robust collaborative applications. Seamless integration with SAP financial accounting ensures the most up-to-date information and reporting accuracy.
  
  SAP FSCM includes the following applications:
  • SAP Credit Management
  • SAP Biller Direct
  • SAP Dispute Management
  • SAP Collections Management
     
• Treasury applications – Treasury applications from SAP provide robust cash, liquidity, and financial risk management capabilities that enable you to more precisely manage cash, mitigate financial risks, and streamline bank interactions and payment processes. The treasury applications seamlessly connect the entire spectrum of treasury activities for more effective management and control, and integrate with SAP General Ledger software to ensure strict adherence to regulatory compliance and financial reporting standards.
  
  Treasury applications from SAP include the following:
  • SAP Cash and Liquidity Management
  • SAP In-House Cash
  • SAP Treasury and Risk Management
  • SAP Bank Communication Management
  • SAP Integration Package for SWIFT

The SAP software is built on an open, service-oriented architecture (SOA) - all powered on the SAP NetWeaver platform. These SAP software applications provide businesses with the opportunity to develop practices for greater differentiation and to integrate business processes that enable them to compete more effectively in their specific industry.