An end to end integrated add-on based on SAP Accrual Engine
The solution is an add-on to SAP Accrual Engine through which the process of amortization and deferment of a transaction that cut across duration for more than a reporting period is automated and financial close is accelerated.
Overview
Accelerated period-end with proactive processing
Cost and Efforts savings due to accelerated period-end and Risk mitigation due to proactive transactional processing. Auto-accrual object creation from vendor and customer invoice via Data transfer interface utility.
Compliance with various accounting standards including IFRS
Availability of audit trail with drill back to source document. Historical exchange rate compliance for foreign accruals along with custom premature termination process of periodic contracts.
Detailed analytics and effective reporting with Fiori
Dynamic drill down reporting mechanism along with backward-forward integration with Financials. Consolidated console for Prepaid Expenses & Deferred Revenue with device independent reporting capabilities via SAP Fiori.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry
Compatibility
Works with
Features
Built on SAP Accrual Engine Framework
The add-on covers complete lifecycle of amortization process, i.e. Data Acquisition via Data Transfer Utility, Data Processing via Enrichment of Accrual Object and Data Output via Dynamic Drill Down reporting & Fiori Analytics.
IFRS compliance for Amortization process
The add-on is tightly integrated with AR & AP module in Finance and with Controlling module and complies with the requirement of Historical exchange rate for foreign accruals. It offers unified console for Cost & Revenue Accruals with real time reconciliation with general ledger and all possible reversals scenarios including premature termination of periodic contracts.
Dynamic reporting with Mobile capability
The add-on comes with robust ALV drill down reporting along with device independent analytics using SAP Fiori. Backward-Forward integration with Financials is in-built along with dynamic key date based reporting mechanism. Fiori Analytics includes multi-dimensional analysis by Accrual Object Categories, Business Partner, Account Assignment, Responsible person along with chart, bar and tabular visuals.
Plans and pricing
All plans include:
Per Instance
Multiple Controlling Areas & Company Codes
Includes unlimited User One-timeEUR 12,900.00- EUR per Not Applicable
Multiple Controlling Areas & Company Codes
Includes unlimited User Free Trial
Multiple Controlling Areas & Company Codes
Includes unlimited User For 30 DaysFree- Maximum contract 30 days
Multiple Controlling Areas & Company Codes
Includes unlimited User
Customer reviews
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Cross-Industry |
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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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Functional correctness This product has been tested for functional correctness using real-life business scenarios of customers. |
Resources
Overview Presentation
Product Brochure
Amortization of Accruals
Publisher
Samvadya Solutions Private Limited
Samvadya Solutions is into Application development and Consulting solutions for SAP ERP with focus on SAP Financials. Our aim is to help enterprises achieve greater efficiency and productivity by enabling them to leverage their existing IT investments in the most optimal manner.
