The Essential Role of e-Signatures in Modern Business Practices Docusign
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Improve Speed and Consistency with Manual Control Performance in SAP Process Control 10.1
Learn how to ensure faster evaluation, improved reliability, enhanced consistency of controls, and clear accountability using the Manual Control Performance functionality in SAP Process Control 10.1. Key Concept Manual Control Performance in SAP Process Control 10.1 enables business process owners and relevant teams to plan and perform control activities manually at the transaction level and...…
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Navigating Manual Journal Entry Challenges in SAP for a Streamlined Financial Close
In SAP, every transaction is a journal entry. The system doesn't differentiate between manual and automatic entries, making it hard to analyze them in the general ledger. Even though SAP ERP can create many journal entries automatically, manual corrections and inputs are still essential. Manual entries are often made for unique or irregular transactions that…
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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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Get Optimal Service Performance from Vendors Using Vendor Evaluation for External Services
Learn how the Vendor Evaluation functionality for external service vendor appraisal can give optimal service delivery. This functionality helps organizations mitigate poor service delivery and uncover and remove unnecessary costs. Key Concept It is important for an organization to measure from time to time the performance of vendors that provide external services. This measurement provides...…
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Build Business Resilience in Uncertain Times with Robotic Process Automation
The sudden business interruption caused by COVID-19 has highlighted the need for organizations to ensure that their business processes are resilient and agile enough to adapt to rapid changes. Robotic process automation (RPA) can play a key role in helping organizations achieve these goals. With RPA, robots (or “bots”) can quickly and efficiently execute manual,…
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McAfee Saves 2,500 Hours of Manual Effort with Test and Business Process Automation on Its Journey to SAP S/4HANA
McAfee was amidst sweeping change – shifting its accounting standards and financial reporting in SAP ERP, separating its IT systems from its parent company in a spinoff, and moving from a waterfall method to an agile methodology. In response, the business wanted to increase the velocity of its application delivery and testing. Learn how the…
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Moving Average Price: Learn How It Functions in Project Stock and Figure Out How to Explain the Unexplainable
A lot can go wrong if you don’t understand moving average price. Sort out the complexities that arise when material movements, invoices, reversals, and purchase order history interact with moving average price. Understand both the cause and the cure for the frustration and confusion. Key Concept Materials that are entered into an SAP system as...…
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Optimizing Financial Workflows: How SAP Journal Entry Solutions Can Transform Your Business
Promenta’s SAP journal entry solutions enhance financial workflows by automating tasks, integrating systems, and providing analytics, resulting in improved efficiency, accuracy, compliance, and strategic focus for organizations. Fill out the form below to read the full blog!
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Make Inventory Valuation More Accurate by Manually Adding Actual Costs to Materials
In product cost controlling-based standard costing, various options exist to add additional costs to a product cost estimate, such as the use of an overhead costing sheet, an additive cost estimate, or statistical pricing conditions. Understand the solution to add actual costs manually to a material that is subjected to actual costing in the material...…
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Mahindra CIE Automotive Ltd. Reduces Risk and Hours of Manual Effort by Automating Its SAP User Provisioning Processes
Mahindra CIE Automotive Ltd. (MCIE), as a growing, publicly traded, international company, must follow a variety of regulations and compliance standards and undergo various statutory audits. In the first quarter of 2019, the company’s board of directors stressed the importance of putting in place stronger security and compliance controls to provide better assurance to investors…
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