As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 293,500 customers to operate profitably, adapt continuously and grow sustainably.
In finance, SAP helps its customers achieve excellence in financial management & accounting every day, empowering finance organizations to thrive in the face of sustained market volatility - with best-in-class financial management and accounting software. SAP helps finance departments streamline financial processes to efficiently meet the demands of complex compliance regulations, growing pressure on margins, and diligent CFOs and managers who need instant financial insights 24/7.
SAP S/4HANA Finance is a set of solutions developed to bring the simplicity of SAP Cloud powered by SAP HANA to finance departments worldwide. SAP S/4HANA Finance takes full advantage of the in-memory SAP HANA platform with new finance capabilities, offering a new and beautiful user experience for easy access, all deployed in SAP HANA Enterprise Cloud under a full subscription model, making it easy for finance departments to adopt these solutions. This modern finance software is designed to help CFOs accelerate their finance transformation and deliver strategic outcomes to their business.
Put simply, SAP S/4HANA Finance solution powered by SAP HANA is designed to provide strategic value with instant insight across finance - all via a personalised and simple user experience.
SAP Cash Management powered by SAP HANA delivers drill-down analysis into global bank balances and cash positions in real time, simplifying the work of finance professionals. It removes the need for system-hopping by facilitating dynamic liquidity forecasting, including cash flow analysis, and enabling treasurers to take immediate action with integrated bank account management.
SAP Revenue Accounting and Reporting application addresses new revenue accounting standards set by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB), expected to become effective for IFRS and US GAAP preparers in 2017. The application addresses requirements derived from this new accounting standard as well as generic and existing requirements related to revenue recognition across various accounting principles.
SAP software for financial planning and analysis allows users to plan and allocate resources to accommodate market change and align performance with strategy. Finance departments can define and cascade strategy, model cost drivers, improve forecasting, and analyse huge amounts of data, while letting managers streamline budgeting processes, capture growth opportunities, short-circuit predicted variances, and customise business flows. The result is increased profitability and a closer match of tactics with organizational vision.
Finance departments can streamline the recording of accounting data for multiple companies, currencies, charts of accounts, reporting standards, and industry requirements with SAP software for accounting and financial close. The solutions enable users to efficiently close books on time, and create financial statements at the entity and corporate levels for international financial reporting standards, US GAAP, or other local requirements.
By simplifying working capital, risk management and compliance with SAP software, treasury managers can gain complete transparency into and control over interrelated activities and automate critical processes. SAP applications enable control over these complex demands, so that treasury departments can ensure adequate liquidity to drive growth and innovation while preventing exposure to growing financial risks.
GRC solutions from SAP help companies to improve business performance, and decrease the cost and effort of managing governance, risk, and compliance (GRC) processes. Users can automate GRC processes using best practices and a scalable enterprise platform, and by streamlining and automating processes organizations can anticipate and manage risk events, reduce compliance violations and extend GRC programmes into value-adding business activities.
SAP ERP software supports ERP order-to-cash processes by helping organizations increase sales, profit margins and customer satisfaction by automating the entire order-to-cash cycle, delivering orders on time, accelerating sales processes, reducing operational costs and boosting productivity. SAP invoice management streamlines accounts payables and reduces costs with automated exception handling, validation and routing of invoices, which in turn increases cash flow, enhances cash requirements and payment visibility, reduces costs, minimises fraud and improves vendor relations.
Thriving in the digital economy: Four reasons why finance is excited about the future Finance leaders in Europe weigh in on the future of their profession – and the solutions they need.
The next stage in creating the value added finance function In a business environment that demands unceasing innovation, companies will need to find ways to accelerate their “time to action” - the speed with which they absorb new information, analyse it and apply it to take decisive action in the midst of change. The findings from this important piece of research confirm that, while advances in information technology are enabling CFOs to provide significantly more financial data and information much faster to other line-of-business decision makers, major gaps remain when it comes to how to effectively translate data into analysis that those outside of the finance function can understand and use in a meaningful way.
The future of financial planning and analysis In an increasingly competitive landscape, finance executives face many obstacles as they seek to support the business. Many of these hurdles stem from having disparate information systems - leaving finance unable to provide the real-time analysis needed to cope with escalating competitive pressure. This white paper highlights the growing importance of financial planning and analysis to the enterprise and demonstrates the role that the FP&A function increasingly seeks to play - that of a trusted adviser to the business, and an agile steward of information and insight that can help the company to navigate these uncertain economic times.
Building high-performing finance functions It is clear that finance is becoming increasingly strategic and finance leaders are expected to have a thorough understanding of business operations, while working alongside their line-of-business peers to focus resources and define their company’s strategy to meet their targets for profitable growth. However, the findings from this important piece of research show that, while finance executives clearly understand the strategic potential of finance operations and have recruited and built strong teams, there are still significant obstacles in the way of this desired transformation.
Next-generation needs for cash management Cash management and forecasting have become more important than ever for a company’s success, but they have also become more difficult to do well. And the pressure to be “best in class” in terms of cash reporting and forecasting is only likely to grow, according to finance and treasury leaders from large companies around the world. This whitepaper shows the increasing expectations on treasury functions to deliver proactive and high-value business support. More and more finance leaders are realising the potential to move treasury out of the shadows of back-office processing into a more strategic role as contributor and partner to the business.