Hershey’s Minimizes Management Adjustments to Financial Close
883 results
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How to Achieve Speed, Control, and Compliance during an Entity Close Using SAP GRC 10.0
Learn how to use SAP GRC 10.0 to improve control and accountability while automating manual activities and providing centralized access to documents during a closing cycle. Key Concept An improved closing cycle benefits the entire organization. A truly successful closing cycle focuses first on control and accountability as a means to achieve acceleration, thereby empowering...…
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How to Automate and Streamline the Financial Close Process in Your SAP Systems
In this Q&A, experts provided tips and best practices for automating and streamlining the financial close process, including deep insight into suggested tools ways to leverage those tools for improved error management, faster data extraction, and greater efficiency. If you missed the chat or need a refresher, we welcome you to view the online chat...…
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Accelerate Your Financial Close to Support Strategic Decision Making
Establishing an efficient financial close is a challenge for many businesses due to the number of people and complexity of tasks involved, and yet it is key to a best-run finance organization. By understanding how financial transformation—including the use of automation to increase operational efficiency—can support finance teams in the close process and add more…
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What You Need to Know About Period Close
SAP R/3 provides various processes to simplify the period closing for different subledgers. Learn how to contribute to and benefit from period closing information quickly and easily. Key Concept Period close refers to the end of a fiscal period. The period may be a month, a quarter, or a fiscal year. Many areas of a...…
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Improve Your Planning and Execution Process for a Successful SAP Go-Live
ManagementLearn about the Technical Implementation Gantt (TIG) methodology for improved planning and execution of your cutover. Understand the approach to build and review the TIG, its execution, and the benefits of using it. Also understand some of the pitfalls that you can avoid and best practices you can put to use for a successful go-live....…
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Factors Driving Financial Close Transformation
In this post, we will explore the drivers behind why organizations are overhauling their financial close strategies and procedures. In SAPinsider’s Financial Close Transformation report, most respondents surveyed either agreed or strongly agreed that their organization’s financial close processes and technologies are too reliant on manual methods and legacy tools. Outdated manual tools and methods…
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Cure Your Cost Allocation Fears: Overcoming the Four Causes of CO Module “Activities Phobia”
The “activities” functionality in the CO module is a powerful allocation tool, but many sites fail to take full advantage of it due to confusion. The author clears up this confusion by explaining its root causes. The Controlling (CO) functionality known as “activities” is potentially the most useful allocation tool in the module. This tool...…
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What You Need to Know About Textbook vs. SAP R/3 Activity-Based Costing
The case for Activity-Based Costing (ABC) goes something like this: Traditional accounting methods do a good job of calculating product costs for the purposes of inventory valuation for financial statements, but a poor job of allowing a cost accountant to validate the cause-and-effect relationship assumptions on which managers base their daily decisions. The case for...…
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Trintech Expands Adra Suite Financial Close Offering into EMEA Markets
Financial close is one of the most important yet difficult process for many SAPinsider organizations. Unfortunately, manual activities, data silos, and disparate systems often cause inefficiencies and make it even harder for enterprises to execute their financial close. Automated financial close solutions allow for reduced closing time by automating or eliminating any long-running steps in…
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Select and Transfer a Time Slice of Data for Testing with SAP Test Data Migration Server 3.0
The new SAP Test Data Migration Server (TDMS) is an automated solution for creating test systems that can be a real alternative to full-system copies. It can pare down the size of your test system in a variety of ways, the most popular of which is to copy only a time slice of your production...…
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