Accounting

The area of accounting consulting encompasses all issues relating to financial value flows. This includes

  • General ledger (traditional as well as “new GL”)
  • Sub ledgers (receivables, payables, assets incl. capital expenditure management)
  • Financial supply chain (credit, dispute and collections management)
  • Parallel accounting
  • Fast close, closing cockpit

New General Ledger (New GL)

·The general ledger capabilities within mySAP ERP – using the “new GL” are based on a broader unified database. For instance, company code, segment, and profit center are contained in a single data record which can easily be extended to include other fields. This functionality increases data quality, eliminates reconciliation measures, and allows faster execution of period-end closing. And because all relevant data is united in the general ledger capabilities, working with the system is considerably easier than before.



The world of accounting has changed dramatically in recent years. And the mySAP™ ERP solution has changed with it. Where traditional general ledger solutions have required the reconciliation of multiple applications, mySAP ERP now provides a unified structure that includes individual ledgers, such as the cost-of-sales ledger, profit center accounting, and the consolidation staging ledger. As a result, it speeds reconciliation, ensures transparency and auditability, and enables you to meet both internal and external reporting requirements.

With the new general ledger capabilities, parallel financial reporting can be represented in several ledgers. These ledgers are provided with contents through a unified posting transaction. Or, they may be analyzed through a unified reporting tool for purposes such as the balance sheet or profit-and-loss statements.

When updating the new GL, you have the option to activate a document enhancement, or online split. This enhancement is designed to project account assignment objects into line items to which they were not originally assigned. For example, in the case of an incoming invoice, the profit centers from the expense lines can be automatically projected into the payables lines. This capability increases the transparency of postings, and enables you to create supplementary internal balance sheets. As a result, it is no longer necessary to execute a periodic collective adjustment posting for balance sheet and profit-and-loss statements, since all information is already available on the document level.

SAP Financial Supply Chain Management (FIN-FSCM) optimiert die Finanz- und Informationsströme innerhalb eines Unternehmens und zwischen Geschäftspartnern. SAP Financial Supply Chain Management umfasst im Einzelnen die folgenden Komponenten:

  • SAP Bank Relationship Management (FIN-FSCM-BNK): Anwendung für das Monitoring und die Freigabe von Zahlungsträgern im Zahlungsverkehr mit den Banken
  • SAP Biller Direct (FIN-FSCM-BD): Anwendung für die elektronische Rechnungsstellung und Bezahlung
  • SAP Collections Management(FIN-FSCM-COL): Anwendung für proaktives Forderungsmanagement
  • SAP Credit Management(FIN-FSCM-CR): Anwendung für die Unterstützung und Automatisierung von Kreditentscheidungen
  • SAP Dispute Management(FIN-FSCM-DM): Anwendung für die effiziente Bearbeitung von forderungsbedingten Klärungsfällen
  • SAP In-House Cash (FIN-FSCM-IHC):=> siehe Themenblock “Treasury”
  • SAP Treasury and Risk Management (FIN-FSCM-TRM) : => siehe Themenblock “Treasury”
  • SAP Cash and Liquidity Management (FIN-FSCM-CLM): => siehe Themenblock “Treasury”
   

Dispute Mgmt Beispiel-Dispute-Fall mit integrierten Objekten aus SAP-ERP

SAP Dispute Management (DM) as one of the new, additional products of FSCM to better support your financial processes

  • controls and streamlines the dispute case process
  • as central component for handling dispute cases, SAP DM enables cross-department dispute resolution
  • SAP DM is integrated in financial but also in logistical processes
  • SAP DM organizes and stores all information and documents related to a dispute case
  • Automation, workflow and case management capabilities minimize the need for manual exception processing
  • SAP DM includes sophisticated reporting

The Financial Closing Cockpit helps to fulfil the requirements from corporate governance imperatives that require a greater control and supervision of the financial close and reporting cycle

Transparency

  • Consistency and reliability of results
  • Centralized control and monitoring
  • Real-time error detection

Efficiency

  • Fast cycle time
  • Fewer resources
  • Significant cost Savings

Compliance

  • Documentation of process for audit trial
  • Enterprise-wide monitoring of closing status and delays
  • Enhanced oversight of internal control