SAP Business ByDesign’s Finance module has been the favorite of many, thanks to its industry oriented solutions. Every industry can benefit from it immensely. It has been used across the globe, thanks to its effective features that would cater all your business’s finance management needs. What are the top features available in it? Let’s take a look at it keenly.
Every midsize company can efficiently meet the cash flow deadlines that are laid in front of them. When you want to achieve high-end transparency in your company’s liquidity position, SAP Business ByDesign is the right choice. You can handle the cash flow information you receive from receivables, payables and taxation along with liquidity and payment management. Streamlining daily cash management cycle when you collect and aggregate the information automatically would be a possibility. You can cover the cash flow management cycle directly from the liquidity snapshot to the way of forecasting.
You can analyze different steps via optimized cash flow right from cash flow to money transfers.
The fixed asset management business scenario would allow every business to manage their fixed asset accounting. You can easily cover the entire fixed assets life cycle, starting from purchasing to sale and asset retirement. This solution would let you value all your fixed assets with respect to the principles of tax-oriented valuation, cost-accounting, statistical, local and international valuation. This would allow you to enable continuous compliance along with country-oriented regulations. Via fixed asset lifecycle, you can calculate the depreciation values and post automatically.
The business scenario involving Financial Closing would help everyone perform financial period-end closing activities to ensure correct financial statements, like Income Statement, Balance Sheet, along with Cash Flow Statement. We perform many other relative closing activity list as per the company’s individual scope. You can adapt it as per year-end or month-end closing requirements.
Your accountant would prepare your closing activity by enabling operational transactions which you enter in your system. It can be paying or entering invoices. It can also involve performing your physical inventory counts. Your closing cockpit can support all the legal requirements. It would also reduce the risk when you might take vital steps or involve wrong timing. While your accountant would perform all the periodic valuation tasks like foreign currency remeasurement or asset depreciation, you can allocate all the revenues and costs to the right periods. This would involve more compliant financial analysis and reporting.
Every small and medium company would look forward to ways through which they can reduce their overall travel expense. You can also automate and streamline your reimbursement cycle. Through standard configuration, you can involve country-oriented reimbursement rates which you can adopt to your company-oriented expense policy. You can integrate this process with Employee Self Services, Human Resources, Payment Processing, Manager Work Center along with other projects.
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