Advance your financial operations by leveraging customer and supplier facing functionality in accounts receivable collections and cash management processes.
With SAP software you will have the ability to easily clarify processes more efficiently, administrate customer credit risk and faster analyzing ever-growing data to accelerate critical business decisions.
Why your organization needs SAP Financial and Controlling?
Accounts Payable:
- Real time integration of purchasing and accounting via invoice verification.
- Preliminary posting and tracking of invoices.
- Management of one-time accounts.
- Online processing of payment proposal.
- Posting in foreign currency.
- Integration with Cash Management.
- Down payment processing.
Accounts Receivable:
- Real time integration with general ledger.
- Flexible credit management for accounting and sales.
- Flexible dunning procedures can be defined.
- Generate different corresponding forms.
- Interest for invoices overdue.
- Integration with treasury.
Cash Management:
- Manage your company’s cash position and liquidity forecast.
- SAP cash management uses information from operational transaction in SAP finance to support, monitor it continuously and anticipate as much as possible to take the best financing decisions and avoid unnecessary penalties due to negative back accounts or worst bankruptcy.
General Ledger:
- Fully integrated with the other SAP Modules. It is within the GL that all accounting postings are recorded. These postings are displayed in real-time providing up-to-date visibility of the financial A/Cs. ”Accounts Receivables ”.
- Free choice of level: corporate group or company.
- Automatic and simultaneous posting of all sub-ledger items in the appropriate general ledger accounts (reconciliation accounts).
- Simultaneous updating of general ledger and cost accounting areas.
- Real-time evaluation of and reporting on current accounting data, in the form of account displays, financial statements with different financial statement versions and additional analyses.
Assets Management:
- Managing and supervising the fixed assets of an organization.
- Extract the exact values of the fixed assets owned by the organization on a particular date.
- The basic functions cover the entire life of the asset from the purchase order or initial acquisition (which can be managed as an asset under construction) all the way to the asset retirement.