You achieve financial excellence – and become a more effective partner in your business – when you can leverage resources, people, and technology to focus on your most critical business requirements: decreasing operating costs, driving business performance, and mitigating risks. SAP for Chemicals supports a full range of financial processes, including:

• Enterprise performance management – Provide optimal control and empower all stakeholders to respond quickly to dynamic business conditions and opportunities with capabilities for effective modeling and analysis of cost drivers, profitability, and corporate spending, as well as accurate planning, forecasting, consolidation, and reporting of financial resources.
• Financial analytics and reporting – Give your business users the information and analytical tools they need to conduct value-added analysis and make recommendations to business units that support strategic decisions and take advantage of economic opportunities.
• Financial close – Streamline, automate, and standardize labor-intensive tasks such as closing journal entries, accruals, intercompany reconciliations, and consolidations to improve scheduling, visibility, and control – and enable faster cycle times, greater accuracy, improved compliance, and lower operating costs.
• Risk and compliance management – Proactively align, automate, and monitor key risks and controls to maximize strategic and operational effectiveness – improving business predictability and enabling sustainable, profitable growth.
• Operational finance – Optimize working capital through more effective management of sources and uses of cash and liquidity. Streamline accounts receivable, accounts payable, and cash management processes – decreasing days sales outstanding (DSO) and costs, accelerating cash flow, and improving the return on invested cash.

Financial performance management is enabled with applications such as:

• SAP ERP Financials
• SAP Invoice Management by Open Text

To find out how these applications support your goals for financial excellence, please complete the "Contact SAP" form and request information about industry solutions.