Understand the role of capital to optimize cash flow
Capital is a financial strategy aimed at ensuring maximum efficiency in a company's cash flow. Its aim is for the business in SAP Business ByDesign to have adequate means to meet its day to day expenses, as well as financial obligations in the short-term.
Overview
Integrate reserves and provision functions seamlessly into the public sector
Our solution encompasses the Reserves and Provision (Accrual) functions within a unified package. Both functionalities are fullyoptimized and automated. Moreover, our solution seamlessly integrates with public sector framework, facilitating standard posting procedures for funds, functions, and grants. Notably, we have augmented grant management by introducing an additional posting, thereby ensuring improved balance in accounting records
Enhance efficiency and accuracy through streamlined accounting automation
Experience the business value of our solution with fully automated accounting postings. Activate reserves or provisions, and witness the immediate generation of initial postings. As transactions are processed, whether through journal entry vouchers, bank statements, or invoices, our system seamlessly updates and recalculates relevant objects. At the close of each accounting period, rest assured that our solution generates closing postings.
Empower flexibility in financial configuration
We have incorporated a settings work center within our solution, empowering users to configure their own general ledger (GL) accounts and profit centers for supplementary financial postings. This feature fosters adaptability and customization. Furthermore, should a new customer require additional GL accounts or rules for calculations, we are amenable to enhancing our solution to accommodate such needs.
Details
Solution type
Extensions and Add-ons
Industry
Consumer Products, Wholesale Distribution, Banking, Public Sector
Compatibility
Works with
SAP Business ByDesign
Features
Allocate assets for future needs to understand reserves
Reserves are the assets or equity that are earmarked by a firm from its retained earnings for future use, such as for the payment of likely-to-be-incurred bad debts. This reserve signals that some retained earnings won't be accessible to shareholders.
Allocate funds for future liabilities to navigate provisions.
A provision (Accrual) is an amount that is set aside for a specific purpose. It is seen as a liability and should always have a form of payment as a result. This can be a supplier invoice or any other payments scheduled, like wages or bonus or any other expenses.
Manage grant approvals by handling financial postings and allocating funds
When a company seeks a grant, approval can be denied or partially or fully granted. Upon approval, the allocated amount must be assigned to a fund, and an open item is generated for the anticipated amount, which can then be received. Two financial postings are required upon approval registration
