Fast deployment of cloud native accounting hub for financial services
A fully integrated accounting hub and subledger which delivers a single finance platform for SAP Cloud ERP users in financial services. It provides financial and product control with multi-GAAP accounting, profit and loss, balance sheet and transactional analytics over a wide range of products including bonds, equities, FX, repo, loans and deposits, derivatives and other complex structured products.
Overview
Supports finance in the move to cloud
SAP ECC users face a move to a new cloud based platform in SAP Cloud ERP. This solution offers a migration path and target architecture for a best practice cloud based finance platform supporting the thin ledger and detailed transactional sub ledger model for drill down and accounting at trade, as well as product, book and customer level.
Supports financial control and product control in the financial services
Written by financial services experts with extensive capital markets experience with native data model support for all financial products with multi-GAAP event based accounting, FX translation and revaluation, profit and loss explain and product control workflow. This complements the existing SAP ecosystem, and supports the product set and detailed functionality needed for capital markets, retail and commercial banking and payments.
Reduced risk through increased transparency and granular accounting data
Adding our product to your SAP Cloud ERP environment is the answer to data transparency and traceability in financial services. Photon's detailed sub-ledger and accounting engine supports trade (and book, product and customer) level accounting. This granular accounting data gives financial and product control unparalleled insights into finance, risk and profit and loss trends and explains exceptional events.
Details
Solution type
Extensions and Add-ons
Industry
Insurance, Banking
Compatibility
Works with
Features
Drill seamlessly from summary to detailed balances to transactional details
Users can drill from the summary balances in the SAP Cloud ERP down to detailed balances at a transaction level, then to the transaction in the subledger. The gives the user unparalleled capability for investigation and analysis.
Extensive financial and product control functionality
Industry specific capabilities include user definable multi-GAAP accounting, subledger and reporting including summary and detailed profit and loss, trial balance, transaction reports, profit and loss explain, product control workflow and SAP Analytics Cloud user interface for business agility
Single source of truth through standardised multi-GAAP accounting
The financial services environment is typified by multiple core banking, trading and payment systems, causing accounting differences and preventing a unified view of the institution. Accounting can now be achieved in a controlled and centralised platform, eliminating inconsistencies.
Plans and pricing
All plans include:
Price on application
A yearly subscription based on customer size
Includes 1 License Price upon requestA yearly subscription based on customer size
Includes 1 License Recurring licence subscription for small to medium sized corporation
A yearly subscription based on a single region entity (dependent upon transaction volume)
Includes 1 License Per YearUSD 350,000.00A yearly subscription based on a single region entity (dependent upon transaction volume)
Includes 1 License
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Insurance, Banking |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Photon Financial Hub
Product Overview
Product Announcement
Publisher
Photon Software Limited
Photon Software is the result of two decades of the journey towards perfecting the accounting hub and sub-ledger concept. The founder was responsible for the design of these products at Aptitude and Legerity, both of which companies were successful in this field. Photon's Financial Hub Cloud is the latest generation of this type of software and revolutionises accounting in financial services - being uniquely tailored towards SAP users and designed to perfectly complement SAP's thin ledger with a fat sub-ledger, allowing drill down from the summary level of a ledger to the detail of the transactions in a unified way.
