Tackling Challenges of Month-end Close by Utilizing Business Planning and Analytics Platforms

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  1. a photograph of two people standing over pieces of paper with data and graphs, month-end close

    Tackling Challenges of Month-end Close by Utilizing Business Planning and Analytics Platforms

    Reading time: 2 mins

    Many organizations realize that the traditional methods of month-end close are no longer sustainable, and choose BP&A platforms instead.

  2. Give Your Procure-to-Pay the Next Power of Analytics with SAP Spend Performance Management Solutions

    BIFinancialsGet an overview of the SAP Spend Performance Management solution and learn about the business case for implementing it. Learn the details about the features of Spend Performance Management. Using a case study example, gain an understanding of Spend Performance Management implementations and lessons learned. Key Concept SAP Spend Performance Management is an SAP BusinessObjects…...…

  3. Speed Your Month-End Close with Automated Reserve Setup, Utilization Tracking, and Over/Underrun Calculation

    Use results analysis to automatically calculate reserves for installation and warranty based on the costs planned for the relevant work breakdown structure elements. Key Concept Results analysis (RA) is a standard function in the cost object controlling module or SAP ERP Central Component. RA is used for many different objects, including internal orders, work breakdown…...…

  4. 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…

  5. How to Automate an Internal Control for Missing Bank Statements

    In today’s world, financial transactions are becoming virtualized and bank-related transaction flows are essential for organizations’ financial systems. Banks periodically (usually daily) send electronic bank statements to an organization that are imported into the system and processed to do reconciliations with the financial system. This process creates the need for tracking whether or not the…...…

  6. Ensure Accurate Inventory Valuation by Using Actual Costing Functionality

    Break through a common misconception about how the actual cost is updated as the standard price in the material ledger and actual costing. Understand the process of how you can use the functionality to compute the actual cost of the material and carry out accurate inventory valuation at the end of the period. By following…...…

  7. Set Up a Dynamic Rolling Forecast Input Form in the EPM Add-In

    Learn how to create a fully dynamic input form in the SAP Enterprise Performance Management (EPM) add-in. The benefit to a company is that it offers a low cost-of-maintenance feature that can generate monthly forecast data. See how to create this form from start to finish. Discover how to use Excel functions for automatically determining…...…

  8. Prepare Your Landscape for the Migration to SAP S/4HANA Finance

    Whether you are already implementing SAP S/4HANA Finance or you are still in the evaluation stage, you need to learn about the architecture considerations before making the move to better prepare your current SAP ERP system for the migration. Sonam Pawar, A speaker at the upcoming SAP Financials 2016 conference in Singapore, answered questions on…...…

  9. Simplify the Process for Creating BW Monthly Inventory Reports

    Meet the challenge of creating SAP NetWeaver BW monthly inventory data targets, including reports. Learn how to create a customized report that quickly displays opening balance, receipts, issues, end balance, and valuated stock for the current month and previous month. Sample code is included. Key Concept Receipts and issues are important points to be familiar…...…

  10. How Tate & Lyle “Makes Food Extraordinary” with Improved Finance Functions

    Tate & Lyle, a global provider of specialty food ingredients and solutions, relied heavily on manual, spreadsheet-based processes to manage its account reconciliations. With locations in the Americas, Europe, the Middle East, and Africa, regional reconciliations were an unwieldy exercise that often tied up the finance team in administrative tasks like hunting down missing signatures…