SAP Business ByDesign – Financial and Managerial Accounting: Product Demo

Discover how the SAP Business ByDesign solution can help small and midsize companies establish a truly relational general ledger that automatically links related financial and transactional data, organizational structures, and more.

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  • http://www.sap.com/demos/mmov/videos/sap-business-bydesign-financial-and-managerial-accounting-10-pt-us.mp4
    • SAP Business Bydesign Financial and Managerial Accounting When you make business decisions, do you rely on gut feel and a collection of spreadsheets? Are you frustrated by the amount of effort it takes to get a usable report out of your accounting system? Do you wish that you could drill down into the reports and manipulate the data as you deem necessary? Unless you are running an integrated ERP system, you’re probably nodding your head right now. Trying to use a financial accounting system to do managerial accounting is a real challenge, but that’s just what most entry-level accounting systems force you to do. To produce some level of management reporting in these systems, the account numbering scheme you use in your General Ledger winds up being a long string of numbers broken into multiple segments that cover the company, account code, business unit and so on. While this gives you some managerial accounting functionality, it’s cumbersome to maintain and requires that you memorize the coding to make sense of the limited analysis. In addition, using this method doesn’t give you a complete picture of your business you are still missing the relationship between the journal entries in the GL account and their related operational transactions. With the SAP Business ByDesign solution, you don’t have to make this sort of compromise. Our solution keeps managerial and financial accounting functions separate, eliminating this complex account numbering scheme. Using a point-and-click user interface, you can quickly define the relationships between each GL account and various managerial accounting structures like organization units, cost centers, profit centers, reporting units, and product groups. Taking this approach provides the foundation for linking an initial operational document such as a sales order or purchase order – to subsequent journal entries. As a result, you can establish a truly relational general ledger. The benefits of this relational approach to the general ledger are apparent in the reports embedded within SAP Business ByDesign. We include powerful, built-in analytical tools that give you complete visibility into the state of your business. For example, SAP Business ByDesign allows you to take your company’s profit and loss statement and narrow it down to see the profitability of a given customer, or even the profitability of a specific service sold to that customer. Additionally, SAP Business ByDesign goes beyond just traditional reports and dashboards by offering advanced analytics delivered using the power of in-memory technology. What that means to you is that there is a continuous, real-time link between insight, foresight, and action, which helps you make better decisions as a business. In more practical terms, you can react faster to events impacting your operations, you can pull the information you want when you need it in a crisis situation, and you can scenario plan more frequently. With SAP Business ByDesign, you can do your own analysis, enabling you to reach sound conclusions and make business decisions based on facts rather than on assumptions. The best-run businesses run SAP.
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