Cut the Clutter: Transform Financial Workflows with SAP BTP
401 results
-
Use Reconciliation Account Determination with a Special G/L Indicator for More Flexible Invoicing
The author demonstrates how to optimize reconciliation account determination. He introduces the fundamentals of reconciliation account determination, special G/L indicator configuration, and manual adjustments. With examples, he shows how to use reconciliation account determination with a special G/L indicator in the FI-A/R module. Using reconciliation account determination, you can post customer invoices to a reconciliation...…
-
Automate Your Intercompany Reconciliation Process in ECC
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...…
-
Reduce Time-Consuming Reconciliations with Real-Time FI/CO Integration
In SAP ERP Central Component (ECC) systems, you can use a different process for reconciling FI and Controlling (CO) documents than what you did in R/3. FI and CO were often out of sync in R/3 because costs that were moved or altered in CO did not automatically translate into FI. See how to set...…
-
CNH Industrial Cultivates Automated Account Reconciliation Landscape
CNH Industrial, a global capital goods corporation specializing in the manufacture of agricultural and construction equipment, along with commercial vehicles and powertrain solutions, takes pride in designing and producing machines that “keep agriculture and industry growing.” But with more than 63,000 employees, 64 manufacturing plants, and 50 research and development centers, managing financial tasks is…
-
Clearing Open Items in SAP Systems: Q&A on Best Practices for Reconciliation and Automation
BlackLine’s Michael Gilmartin and Stephen Wolfman offer tips and best practices for reconciling open item accounts. If you missed the chat or need a refresher, you can view the chat replay or read the edited transcript below. Meet the panelists: Michael Gilmartin, Director, Solutions Consulting, BlackLine Stephen Wolfman, Director, Product Management, BlackLine Live Blog...…
-
Trintech Acquires Fiserv’s Reconciliation Solutions and 400 Blue-Chip Clients
Trintech recently acquired Frontier Reconciliation and Accurate Reconciliation from Fiserv, a prominent fintech and payments solutions provider. Trintech’s current clientele spans multiple verticals, including financial services, telecommunications, retail, insurance, and utilities, making this strategic move even more impactful for the office of the CFO. This strategic move aligns perfectly with the current trend among SAPinsiders…
-
ABAP Program Streamlines Flexible Spending Account Reconciliation
The standard R/3 transaction to track flexible spending accounts is limited, making it difficult to perform the year-end reconciliation process or to track the current fund balance. The author provides an ABAP program that streamlines the process. Many U.S. companies offer so-called “flexible spending account” (FSA) plans that allow employees to pay certain expenses with...…
-
Moving from Manual Spreadsheet Supplier Reconciliations to Automated Reconciliations in SAP
Discover how Foodstuffs South Island Limited, a prominent grocery retailer, successfully transitioned from manual spreadsheet supplier reconciliations to automated reconciliations in SAP. By leveraging the SAP certified add-on module BEST and adopting a methodical approach, Foodstuffs South Island Limited significantly reduced costs and enhanced creditor controls through the automation of hundreds of thousands of creditor…
-
Understanding the many applications of “Reconciliation” – How SAP Financial Close Solutions by BlackLine Complement SAP S/4HANA
If you’ve explored the capabilities of SAP S/4HANA you’ve probably heard that one of its benefits is the elimination of reconciliations. If you’ve seen this and you’re also evaluating SAP Solution Extensions by BlackLine for the financial close, you may be wondering whether companies running SAP S/4HANA would need SAP Financial Close Solutions by BlackLine.
-
Speed Up Period-End Reconciliation Between Affiliated Companies
During reconciliation between affiliated companies, the A/R balance in one company often doesn’t match the A/P balance in the other company. Learn a quick and easy way to assign leftover documents to each other. Key Concept The R/3 transaction F.2E can help you analyze differences between affiliated companies. This transaction shows you all the documents...…
Your request has been successfully sent