Maximize deployment of public sector financial resources to achieve transparency and compliance
Optimize public sector financial resources requiring approved-budget maintenance and on-time, accurate financial close with SAP software. Provide comprehensive compliance of operations with financial, budgetary, and managerial reporting standards and regulations. Automate and streamline operational processes with financial processes to integrate budgetary, financial, and managerial accounting. Reduce manual effort and operating costs, and consolidate transparent financials and budget.
Explore the capabilities of our public sector financials:
Maximize reimbursements by improving the management of grant billings
Streamline your billing and collection processes to maintain uninterrupted cash flow, especially in an environment where research funding is collected when it is incurred – with grants management for grantees solutions from SAP. By automating billing, you can maximize collections by increasing visibility into receivables balances. You can also support multiple-sponsor billing, which reduces the need for billing processes that are manual and inefficient.
Maintain, manage, and monitor public funds accurately and efficiently
Allocate and distribute approved budgets and monitor and track changes throughout the entire budget cycle with solutions from SAP. Our software automates and streamlines budget processes and provides transparent budget data – improving allocation and funding management, budget data visibility, and funding and adjustment presentation. Eliminating waste and duplicate processes can help you increase public confidence in budgeting processes and results – and avoid embarrassing headlines.
Integrate operations with accounting to control funds and reduce costs
Meet customer requirements that need multiple or parallel accounting methods to support cash and accrual basis, operations and project costing, grant and fund accounting, and real-time process integration with solutions from SAP. Our software connects financial and managerial accounting with online, real-time, and parallel budget controls. Integrated budgetary and accounting processes can help you monitor and control funds, while reducing procurement and operating costs.
Plan, standardize, and monitor financial and budget close activities
Carry forward residual total or partial budgets and open commitments with integrated processes enabled by SAP software. Streamline and automate financial and managerial accounting processes to consolidate and standardize financial and accounting data and reduce manual efforts, cycle lengths, and operating costs. With faster, more accurate, and transparent budget and financial closing and reporting, you can increase confidence in financial reporting processes.
Reimagine the way you do business with SAP Digital Business Services
Businesses everywhere are transforming into digital enterprises – but it’s not always that easy. SAP Digital Business Services can help guide your transformation journey every step of the way, from strategy to technology implementation and beyond.
Our experts take a holistic approach, helping you identify and implement new processes and capabilities while ensuring your operations continue to run smoothly. We’ll work to make sure your SAP software delivers ongoing, unsurpassed value as you address the evolving demands of the digital economy.
Get the support you need to efficiently implement and operate your SAP solutions – and take advantage of new technologies. We offer a range of support services, from foundation level to strategic engagement and co-innovation.