SAP ERP Financials
Features & Functions
SAP ERP Financials is a complete, end-to-end enterprise financial management solution designed to meet the needs of the most complex, multinational organizations. The solution comprises a robust set of applications that support all aspects of financial business activities:
- 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.
- 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 days sales outstanding. So you can quickly resolve invoice disputes and reduce the collections cycle through electronic customer billing and robust collection management applications. Seamless integration with SAP financial accounting ensures the most up-to-date information and reporting accuracy.
- Treasury applications – Treasury applications from SAP provide robust cash, liquidity, and financial risk management capabilities that enable you to more precisely forecast and manage cash and liquidity, 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.
- Governance, risk, and compliance – SAP ERP Financials integrates with SAP solutions for governance, risk, and compliance to achieve compliance, governance, and risk mitigation goals across the enterprise – with complete documentation of internal controls and audits that comply with evolving financial reporting requirements.