Financial consolidation and other enterprise performance management applications require vast amounts of data – data that typically reside in numerous source systems and general ledgers (GLs) distributed throughout the enterprise. With disparate information, the process of accessing, mapping, verifying, and loading financial data can present serious logistical challenges and require manual re-keying of data or the use of intermediate text files. More than being labor-intensive and time consuming, these methods are highly susceptible to poor data quality and may lead to inaccurate results.

Organizations need a reliable, transparent, and repeatable data management process that maximizes productivity, provides transparency to minimize the cost of compliance, and ultimately increases overall confidence in the results.

SAP can help.

With the SAP BusinessObjects Financial Information Management application, finance professionals can manage the process of accessing, mapping, and loading information from source systems to the SAP BusinessObjects Financial Consolidation and SAP BusinessObjects Profitability and Cost Management applications. The software combines ease of use with functionality that facilitates full compliance, builds trust, and helps ensure data reliability – from source to disclosure. SAP BusinessObjects Financial Information Management provides extensive connectivity to both SAP and non-SAP applications. As a result, you gain robust data collection capabilities combined with strong finance controls, data validation functions, and comprehensive auditability. Helping you ensure the delivery of quality financial data.

With this powerful software, your financial business users can reap rewards that include:

• Greater confidence in your financial data
• Lower compliance costs
• Higher staff productivity in the finance department
• More accurate, consistent information
• Faster reporting, reduced closing cycles, and shorter audit time frames