Transforming Finance Operations with Touchless Record-to-Report by Redwood

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  1. SAP Bank Communication Management: What You Need to Know

    Learn the key advantages of using the SAP Bank Communication Management module. Discover how SAP Bank Communication Management increases the efficiency and automation of payment processing within organizations. Key Concept SAP Bank Communication Management is a relatively new module of SAP’s Financial Supply Chain Management component. SAP Bank Communication Management can be used to efficiently…...…

  2. Using SAP Bank Communication Management: Enhancing SAP Functionality with Custom Developments

    This article expands on the topics in the Financials Expert article “SAP Bank Communication Management: What You Need to Know.” It outlines a number of nice-to-have custom developments around payment processing using the SAP standard provided alerts messages. Key Concept SAP Bank Communication Management is a relatively new module of SAP’s Financial Supply Chain Management…...…

  3. Clarifying Issues Pertaining to SAP Bank Communication Management

    Get answers to some questions about SAP Bank Communication Management that aren’t available in standard SAP documentation. Key Concept SAP Bank Communication Management is an SAP functionality used to process payments and bank statements. SAP Bank Communication Management is a functionality added to assist accounting, treasury, and accounts payable departments with better processing of incoming…...…

  4. Ascend Performance Materials Achieves 99.9% Data Accuracy and Massive Time Savings with Supply Chain Automation

    Manufacturing organizations today are under increasing pressure to move faster, reduce errors and risk, and be more efficient. For a company such as Ascend Performance Materials — which produces chemicals, fibers, and plastics for the automotive, electronics, textile, and consumer industries — reducing risk is paramount. The business impact of having bad data could be…

  5. Take Your ABAP Skills to the Cloud

    As of September 2018, SAP Cloud Platform ABAP environment is here. This new cloud-based ABAP development and runtime environment combines the latest features of ABAP and SAP HANA with the innovations available with SAP Cloud Platform, such as SAP Leonardo, and the benefits of a cloud-based deployment. This article helps prepare you for this new…

  6. Communicate with Customs Using AES in SAP GRC Global Trade Services

    Set up SAP Global Trade Services Customs Management to take advantage of Automated Export System communication with US Customs and Border Protection. Key Concept US Customs and Border Protection uses Automated Export System (AES), which collects and retains electronic Shipper’s Export Declaration records. AES provides a standardized, efficient, real-time information exchange between customs authorities and…...…

  7. Decrease Interruptions in Process Time with CEBP Configuration for Business Roles

    Learn the steps to configure communication-enabled business processes in SAP CRM Interaction Center, which can decrease delays to critical processes if a particular employee is unavailable for a client. Key Concept Communications systems integrated with business systems can use communication-enabled business processes, which are embedded communication and presence capabilities to improve the flow and efficiency…...…

  8. Keep Your Web Applications Sarbanes-Oxley-Compliant by Running CUP for SAP NetWeaver Portal

    SAP BusinessObjects Access Control 5.3 can connect to the SAP NetWeaver Portal for automated user provisioning. Requesters can use the Compliant User Provisioning (CUP) product capability to request access to SAP NetWeaver Portal and select group memberships, portal roles, and User Management Engine (UME) roles. During the approval process, you can execute a risk analysis…...…

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    Transforming Finance Operations with Touchless Record-to-Report by Redwood

    Reading time: 3 mins

    Automation streamlines organizational processes by replacing manual tasks like journal entries, currency revaluations, and reconciliations for intercompany and bank accounts with automated systems. This not only simplifies the execution of numerous tasks required during financial close but also ensures they are completed in the intended sequence. Redwood’s technology significantly automates the record-to-report (R2R) process, handling…

  10. The Benefits of Simplifying Your Communication Channels: Streamlining SAP Output with Floe and Looply

    Simplifying SAP output through Floe and Looply enhances efficiency, collaboration, and cost-effectiveness while optimizing communication channels for improved business performance and employee satisfaction.