Leveraging Digitalization Tools to Achieve Efficiency in Financial Consolidation

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  1. Prepare for IFRS with the Starter Kit for IFRS for SAP BusinessObjects Financial Consolidation

    The adoption of International Financial Reporting Standards (IFRS) as part of a global international accounting convergence can be expensive for your company because it is an implementation rather than just an accounting or reporting project. Learn about the latest starter kit from SAP for its SAP BusinessObjects Financial Consolidation application, which can speed up and…...…
  2. Transforming the Financial Consolidation Process

    With financial operations faced with system landscape complexities, a lack of standardized processes for data validation, and manually tuned processes, there is a greater emphasis on implementing solutions that offer to consolidate financial and operational planning with agility, uninterrupted forecasting, and reporting. In this article, you’ll explore how companies can address the scattered system landscape…
  3. Integrate Your SAP Data into SAP BusinessObjects Planning and Consolidation

    The purpose and the semantics of transaction level data in SAP ERP can differ significantly from what business users expect to see in SAP BusinessObjects Planning and Consolidation when they perform their forecasting and consolidation activities. Taking these differences into account when integrating data into SAP BusinessObjects Planning and Consolidation is often more complex than…...…
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    Leveraging Digitalization Tools to Achieve Efficiency in Financial Consolidation

    Reading time: 2 mins

    SAP users know that when it comes to financial planning and analysis (FP&A), precision, accuracy and speed are crucial for a company’s overall financial health. Many will find that some of their processes may not be fast or precise enough to match the demands of a company’s needs and the digital transformation. Therefore, businesses embark…
  5. SAP BusinessObjects Planning and Consolidation for SAP NetWeaver or Microsoft: How They Differ

    Compare the SAP BusinessObjects Planning and Consolidation, version for Microsoft and the SAP BusinessObjects Planning and Consolidation, version for SAP NetWeaver environments, and examine the strategies associated with this technology. Review the concept of the platform as the main issue behind a company’s reason for implementing one of these versions because of data integration issues,…...…
  6. SAP Consolidation Strategy: SAP BW-Based SEM-BCS vs. R/3 EC-CS

    An integrated financial consolidation system is crucial to facilitate the month-end closing process. Weigh the functionalities of two SAP consolidation tools, EC-CS and Business Information Warehouse (BW)-based SEM-BCS. Key Concept Companies have a choice for consolidating their financial data between the R/3 EC-CS and BW-based SEM-BCS consolidation tools. The benefits of using SAP’s consolidation instruments…...…
  7. Mitigate Foreign Trade Payment Compliance Risk Using the Cockpit for Documentary Payments

    Learn how the Cockpit for Documentary Payments can be used to facilitate international customers’ payment compliance, thereby reducing the risk of doing foreign trade. Follow steps to implement the Documentary Payments component in SAP sales and distribution (SD). Key Concept The Cockpit for Documentary Payments provides automated financial documents to facilitate payment guarantee procedures required…...…
  8. Speed Up Your IFRS Transition with the IFRS Starter Kit for SAP BusinessObjects Planning and Consolidation

    SAP BusinessObjects software provides comprehensive support for your transition to International Financial Reporting Standards (IFRS). Learn about the latest starter kit for IFRS for SAP BusinessObjects Planning and Consolidation, which can speed up the implementation time of IFRS-related configuration in SAP BusinessObjects Planning and Consolidation by up to 80%. See how to install the starter…...…
  9. 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…
  10. Automating Your Financial Consolidation Process Using Automatic Jobs and Job Templates

    Consolidating data can be difficult, as users must take time to validate its quality. This process can be made more difficult in complex environments and organizations. One of the top tools at the disposal of SAP users for this process is SAP S/4HANA Group Reporting. The product allows users to created automatic jobs and templates…