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.
Reduces the time to close the daily accounting
Many finance departments face long monthly processes to close the books and reconcile data to front and back office transactional systems. Drill from the summary balances in SAP Cloud ERP to the detailed balances and transactions in the sub-ledger, giving full source to posting data lineage, transparency and audit trail, supporting faster close and a reduction in time spent on manual investigations.
Reduces manual processing by automation and integration with SAP Cloud ERP
Manual effort and a proliferation of Excel and EUC environments is a cause of major concern for CFOs. Delivers universal accounting standards across your trading and settlement systems and a single source of truth for finance and ensures reconciliation between source systems and the GL. Automates month end close processes, such as FX revaluation, profit and loss and FX sell down and adjustments.
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.
Native support for financial services products
Handles a wide range of instruments including bonds, equities, FX, MM, exchange-traded options and futures, swaps, loans and deposits, payments, commodities, repo and reverse repo, mortgages, and other complex derivatives such as CDOs, asset-backed liabilities, etc.
Plans and pricing
All plans include:
- Accounting Engine for user configurable multi-GAAP, multi-currency, multi-entity accounting
- Subledger which is high performance granular, double entry, balancing operating at summary and detailed balance level
- Capital Markets data model and financial information repository operating on SAP Cloud ERP
- Configurable, highly flexible SAP Analytics Cloud interface to drill down to all aspects of the system
- Integration as standard with SAP Cloud ERP
validFrom1712880000000
validUntil1835564400000
priceDisplay{"freeStarterSubscriptionOrSubscription":{"labels":{"main":"Price upon request","subs":[],"ctas":[{"code":"LEAD_RFI","name":"Contact publisher","restrictions":[],"countries":[],"customProperties":{}}]}},"controls":{"hideCommitmentPeriodIdInFeatures":false}}
materialNumber8007120
internalIdoopAUj_8ShSZUmdWG5KXNw
lifeCycleStatusCode
entitlementTypes[{"commercialModels":[],"commercialModel":{"code":"subscription","name":"Subscription"},"customerType":{"code":"external","name":"external"}}]
includes[{"metric":{"code":"License","name":"License"},"amount":1,"unlimited":false}]
technicalName2001016620
titlePrice on application
editionIda28a4052-3ffc-4a14-9952-67561b929737
tncAvailablefalse
audiencepublic
isAddOnfalse
features[]
blocksOf{"code":null,"amount":null,"metric":null,"timeUnit":null}
commitmentPeriod
renewalTypes[]
prerequisites{"materialNumber":null,"materialName":null,"targetUrl":null,"andConnections":[],"orConnections":[]}
prices[]
salesMetric{"id":null,"name":null,"description":null,"elasticity":null}
productQuantity{"minQuantity":null,"maxQuantity":null,"quantityIncrement":null}
deploymentType
hasCustomTnCUrlfalse
hasTermsUrlfalse
hidePricefalse
- A yearly subscription based on customer size
validFrom1712880000000
validUntil1835564400000
priceDisplay{"freeStarterSubscriptionOrSubscription":{"global-USD":{"labels":{"top":"From","main":{"value":"350000.00","currency":"USD"},"tooltip":true,"subs":["Per Year"],"ctas":[{"code":"LEAD_BUY","name":"Get it now","restrictions":[],"countries":[],"customProperties":{}}]}},"global-EUR":{"labels":{"top":"From","main":{"value":"330000.00","currency":"EUR"},"tooltip":true,"subs":["Per Year"],"ctas":[{"code":"LEAD_BUY","name":"Get it now","restrictions":[],"countries":[],"customProperties":{}}]}},"global-GBP":{"labels":{"top":"From","main":{"value":"275000.00","currency":"GBP"},"tooltip":true,"subs":["Per Year"],"ctas":[{"code":"LEAD_BUY","name":"Get it now","restrictions":[],"countries":[],"customProperties":{}}]}}}}
materialNumber8007120
internalIdWD_s68FfTWOVXNTGGgQQSg
lifeCycleStatusCode
entitlementTypes[{"commercialModels":[],"commercialModel":{"code":"subscription","name":"Subscription"},"customerType":{"code":"external","name":"external"}}]
includes[{"metric":{"code":"License","name":"License"},"amount":1,"unlimited":false}]
technicalName2001016620
titleRecurring licence subscription for small to medium sized corporation
editionId583feceb-c15f-4d63-955c-d4c61a04104a
tncAvailablefalse
audiencepublic
isAddOnfalse
features[]
blocksOf{"code":null,"amount":null,"metric":null,"timeUnit":null}
commitmentPeriod
renewalTypes[]
prerequisites{"materialNumber":null,"materialName":null,"targetUrl":null,"andConnections":[],"orConnections":[]}
prices[{"type":"new","currency":"USD","revenueCloudMarketId":"USD","group":{"id":"0","validFrom":"2024-04-12T00:00:00Z"},"markets":[{"marketId":"global"}],"periodicity":{"code":"anniversary-yearly","name":"Year"},"fixedRates":[],"percentageFees":[],"setupFees":[],"allUnitVolumeRates":[],"tierRates":[],"blockRates":[{"metricId":"License","metricName":"License","minimumBlocks":0,"blockSize":1,"pricePerBlock":350000,"includedQuantity":0}]},{"type":"new","currency":"EUR","revenueCloudMarketId":"EUR","group":{"id":"0","validFrom":"2024-04-12T00:00:00Z"},"markets":[{"marketId":"global"}],"periodicity":{"code":"anniversary-yearly","name":"Year"},"fixedRates":[],"percentageFees":[],"setupFees":[],"allUnitVolumeRates":[],"tierRates":[],"blockRates":[{"metricId":"License","metricName":"License","minimumBlocks":0,"blockSize":1,"pricePerBlock":330000,"includedQuantity":0}]},{"type":"new","currency":"GBP","revenueCloudMarketId":"GBP","group":{"id":"0","validFrom":"2024-04-12T00:00:00Z"},"markets":[{"marketId":"global"}],"periodicity":{"code":"anniversary-yearly","name":"Year"},"fixedRates":[],"percentageFees":[],"setupFees":[],"allUnitVolumeRates":[],"tierRates":[],"blockRates":[{"metricId":"License","metricName":"License","minimumBlocks":0,"blockSize":1,"pricePerBlock":275000,"includedQuantity":0}]}]
salesMetric{"id":null,"name":null,"description":null,"elasticity":null}
productQuantity{"minQuantity":null,"maxQuantity":null,"quantityIncrement":null}
deploymentType
hasCustomTnCUrlfalse
hasTermsUrlfalse
hidePricefalse
- A yearly subscription based on a single region entity (dependent upon transaction volume)
productMarkets["AX","CN","UA","BY","IQ","ZW","ZM","ZA","YT","YE","WS","WF","VU","VN","VI","VG","VE","VC","VA","UZ","UY","UG","TZ","TW","TV","TT","TR","TO","TN","TM","TL","TK","TJ","TH","TG","TF","TD","TC","SZ","SV","ST","SR","SO","SN","SM","SL","SK","SJ","SI","SH","SG","SE","SC","SB","SA","RW","RS","RO","RE","QA","PY","PW","PS","PR","PN","PM","PL","PK","PH","PG","PF","PE","PA","OM","NZ","NU","NR","NP","NO","NL","NI","NG","NF","NE","NC","NA","MZ","MY","MX","MW","MV","MU","MT","MS","MR","MQ","MP","MO","MN","MM","ML","MK","MH","MG","ME","MD","MC","MA","LY","LV","LU","LT","LS","LR","LK","LI","LB","LA","KZ","KY","KW","KR","KN","KM","KI","KH","KG","KE","JP","JO","JM","JE","IS","IO","IL","IE","ID","HU","HT","HR","HN","HM","HK","GY","GW","GU","GT","GS","GR","GQ","GP","GN","GM","GL","GI","GH","GG","GF","GE","GD","GB","GA","FO","FM","FK","FJ","ET","ES","ER","EH","EG","EE","EC","DZ","DO","DM","DK","DJ","CZ","CY","CX","CV","CR","CO","CM","CL","CK","CI","CG","CF","CD","CC","CA","BZ","BW","BV","BT","BS","BO","BN","BM","BJ","BI","BH","BF","BE","BD","BB","BA","AZ","AW","AS","AR","AQ","AO","AM","AL","AI","AG","AF","AE","AD","US","PT","IT","IN","FR","FI","DE","CH","BR","BG","AU","AT","IM","BL"]
Technical Information
Technical details
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Insurance, Banking |
| Works with |
|
Deployment and operations
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 |
|
| Globalization |
|
| Operations |
|
Security and compliance
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 |
|
| Compliance |
|
| 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. |
terms-and-conditions-url
https://www.photon-software.com/terms-conditions/
technical-name
2001016620
is-partner
true
support-email
mailto:support@photon-software.com
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.
More solutions provided by {{publisher}} Photon Software Limited
products
service1label
Ask publisher
service1url
contact-leadform
service1description
Contact the publisher for further details
service1icon
contact-publisher
service1edition
oopAUj_8ShSZUmdWG5KXNw:LEAD_RFI
service2label
Contact support
service2url
https://store.sap.com/dcp/en/supportform
service2description
Submit a support ticket for assistance with any questions or issues
service2icon
contact-support