SAP's AI Copilot Joule: Implications for Finance

Discover how to implement an advanced solution of intercompany elimination using SAP Business Planning and Consolidation (BPC) business rule-based automatic adjustment functionality. Find out how this solution stacks up against other BPC elimination methods, such as US elimination and standard business rule-based elimination. Key Concept Intercompany elimination is the process for eliminating transactions resulting from…...…

Learn the configuration steps needed for the intercompany loans process outlined in the article “Track Intercompany Loans Using SAP’s Transaction Manager Module, Part 1.” The configuration is in line with the process described in part 1 of this article. Key Concept When companies reach a more complex size, they often need to implement financing processes…...…

Learn the process flow, the integration points with other SAP modules, and the advantages of using SAP’s Transaction Manager for intercompany loans. Key Concept Intercompany loans are loans made from one business unit of a company to another, for various reasons. It is important to remember that intercompany loans are an asset (an investment) in one entity and…...…

Learn how to design a standard SAP solution to meet the business requirement to implement transfer prices or arm’s-length prices between intercompany, parent, or subsidiary inventory transfers. The main business reason for using transfer prices is to ensure that an organization having multiple affiliate companies is not manipulating income taxes by setting up prices over…...…

  As organizations become ever more global, it is becoming increasingly common for the employees charging time to a project to be working in a different legal entity from the one to which the project belongs. Every professional service organization is familiar with this situation, since they inevitably have consultants scattered across the world, but…

SAP ERP Central Component (ECC) includes more robust functionality for intercompany reconciliation during period-end closing. The reconciliation ledger helps to reconcile balances between companies and tags disputed or follow-up items. See how the intercompany reconciliation process works and how to handle the differences. Key Concept An intercompany process can be any of following: Intercompany posting…...…

Companies are constantly, merging, shifting, growing, and reorganizing across borders. Finance and accounting teams must coordinate transactions among different parts of the business, which often span between different geographic locations. These sectors each have their own tax laws and regulatory bodies to appease, which may be in flux. Many large multinational organizations also have a…

By Sachin Bhutani, Sr SAP Finance BPA, KLA The popularity of software-defined networking (SDN) and network functions virtualization (NFV) has revolutionized the traditional communication network architectures and has transformed the way communication service providers (CSP) design their network infrastructure.  These changes have driven network equipment industry revenue towards product support services and limited term subscription…...…

Learn how to implement SAP transfer pricing and parallel valuation in goods receipt and an accounts payable Logistics Invoice Verification (LIV) process. Key Concept Parallel valuation in an SAP system helps an organization with multiple legal entities or company codes to prepare for consolidation. Multinational companies can use transfer prices in their cross-company transactions through…...…

The material ledger records the flow of goods from the initial purchase of the raw material to the final sale of the finished product. It assigns any price differences incurred during purchasing and production to the product sold — or at least it does provided that the goods flow remains within a single company code…....…