Comply With Rules and Regulations Without Running Two Separate Systems
Enable all your asset accounting in one place. This solution significantly reduces month-end close time. reduces required resources and substantially lowers IT and business operation costs.
Overview
Extend your SAP S/4HANA solution for asset accounting
You can extend your fixed asset accounting to support capitalization, depreciation, and retirement processes of asset-intensive industries, like utility, energy, telecommunication, and railway, compliant to public utility accounting principle and the new lease accounting standard.
Automates asset capitalization
Do all your accounting in one place. The solution automates the capitalization process, automatically generates cost allocation rules, and creates accounting postings along the capitalization process for install and removal work.
Increase transparency by enhancing the SAP S/4HANA universal journal
Enhance the SAP S/4HANA universal journal with industry-specific categories and see plant account balance reports and lifecycle analysis for regulated assets following the lifecycle defined by Federal Energy Regulatory Commission (FERC).
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Oil, Gas, and Energy, Utilities, Travel and Transportation, Telecommunications
Compatibility
Works with
SAP S/4HANA Enterprise Management
Features
Automate asset and settlement compliance
Orchestrate your cost settlement from cost objects to retirement units represented by CWIP and RWIP assets. Automates asset and settlement rule creation and generates accounting postings along the asset installation or removal work.
Effectively manage mass assets
Effectively manage mass asset by retirement unit, plant account, vintage, and asset location. Provides a thorough view on the retirement until balance and its history, as well as vintage-based life analysis and net salvage analysis.
Automate compliance with public utility accounting standards
Allows you to automatically generate retirement postings compliant to public utility accounting standards, with cost of removal, retirement of both original cost and depreciation accrual, and gross salvage into the reserve account.
Plans and pricing
Finance4U Extended Asset Accounting
Extended Asset Accounting
Enables all your accounting in one place
- Minimum contract 1 year
Extended Asset Accounting
Enables all your accounting in one place
Customer reviews
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Cross-Industry, Oil, Gas, and Energy, Utilities, Travel and Transportation, Telecommunications |
| Works with |
SAP S/4HANA Enterprise Management |
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.
| Deployment |
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| Globalization |
Localized for business best practices This product has been localized to incorporate local business best practices (e.g. support for local currencies). |
| Operations |
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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.
| Security |
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| Compliance |
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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
Finance4U® Extended Asset Accounting
Energy Transfer Case Study
Customer Testimonials
Publisher
Cognizant Technology Solutions U.S.
Cognizant Technology Solutions Corporation is an American multinational information technology services and consulting company providing services and products to SAP customers world-wide. It is headquartered in Teaneck, New Jersey, U.S. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded in Chennai, India, as an in-house technology unit of Dun & Bradstreet in 1994.
