Introduction to SAP Joint Venture Accounting, Part II
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How SAP Users Can Optimize Cloud Migration by Leveraging Partnerships
The countdown toward the deadline for SAP ECC maintenance in 2027 is getting closer and closer for SAP users. Cloud migration is now one of the most discussed and sought-after ERP enhancements. Knowing how complex the transformation is going to be for many companies, SAP has been consistently developing and enhancing its RISE with SAP…
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An Introduction to SAP Joint Venture Accounting, Part I
A joint venture (JV) is an arrangement in which two or more parties come together and agree to pool their resources for a specific task. This task can be a new project or any other business activity. In a joint venture, each partner is responsible for profits, losses, and costs associated with the venture. Joint…
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Introduction to SAP Joint Venture Accounting, Part II
A joint venture (JV) is an arrangement in which two or more parties come together and agree to pool their resources for a specific task. This task can be a new project or any other business activity. In a joint venture, each partner is responsible for profits, losses, and costs associated with the venture. Joint…
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Leverage SAP Product Costing for Joint Production
Joint production is a production process of two or more finished products. In this example, the production cost is shared between the finished manufactured products. Learn the basics of apportionment of the standard cost between the primary finished product and other co-products. Discover the significance of a preliminary settlement transaction for the variance calculation of...…
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Thomson Reuters Announces New $150 Million Venture Capital Fund to Drive Innovation
Thomson Reuters announced it has launched a second Corporate Venture Capital Fund, valued at $150 million. The second fund operating under Thomson Reuters Ventures, Fund 2 will focus on early-stage technology companies in key industries, including Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media. This initiative follows the company’s…
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IVECO Group: Building The New Generation of Zero-Emission Trucks
Nikola Iveco Europe GMBH partnered with Capgemini to build a cutting-edge smart factory, leveraging SAP S/4HANA to produce zero-emission trucks. This joint venture established an innovative manufacturing facility in Ulm, Germany, integrating advanced technologies such as AI, IoT, Edge, and 5G. Capgemini’s Intelligent Industry solutions streamlined assembly-line operations, ensuring real-time control and quality. The collaboration…
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SAP Invests in Leading Generative AI innovators – Aleph Alpha, Anthropic, and Cohere
SAP has announced strategic investments in three leading generative AI innovators – Aleph Alpha GmbH, Anthropic PBC, and Cohere. SAP’s AI approach includes a comprehensive strategy that involves significant direct investments, robust research and development for AI applications, and collaborations with prominent entities like Microsoft, Google Cloud, and IBM. SAP’s reaffirmed commitment to an open…
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Set Up the Optimum Order for Bank Account Transfers
Ensure that your employees’ critical accounts are credited first when setting up multiple bank transfers for payroll. Key Concept An SAP system stores bank detail information on infotype 0009. Every employee must have a subtype 0 (main bank) account. A bank transfer allows the employer to transfer funds automatically to the employee’s bank. A check...…
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SCHOTT KAISHA Bottles a Fresh Start
SCHOTT KAISHA is a prolific provider of containers for the pharmaceutical industry, but as its business increased, the organization’s legacy system could not contain its growth. The company needed a systems upgrade if it was going to keep up with the pace of production. To do so, it partnered with Deloitte to undergo an SAP…
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Use Document Types for Budget Availability Control in SAP PS
See how, why, and where you can configure budget availability control based on document types to improve your project controlling efficiency with a standard SAP system. Key Concept Budget availability control in the Managerial Accounting (CO) and Project System (PS) modules is a standard SAP functionality that automates budget control through warnings and error messages....…
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