Transforming Finance Operations with Touchless Record-to-Report by Redwood

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  1. Automation Transforms Record-to-Report Processes

    Accounting and finance teams are under near-constant pressure to innovate their processes for greater efficiencies and a competitive edge. This has led to the integration of emerging technologies such as analytic tools and robotic process automation, allowing finance professionals to focus on broader financial strategies across the enterprise. That drive for innovation and efficiency led…

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    Transforming Finance Operations with Touchless Record-to-Report by Redwood

    Reading time: 3 mins

    Automation streamlines organizational processes by replacing manual tasks like journal entries, currency revaluations, and reconciliations for intercompany and bank accounts with automated systems. This not only simplifies the execution of numerous tasks required during financial close but also ensures they are completed in the intended sequence. Redwood’s technology significantly automates the record-to-report (R2R) process, handling…

  3. Time Recording in the Service Desk: Capturing Support Efforts in Incident Management

    Reading time: 12 mins

    ManagerImplement SAP Solution Manager’s Time Recording feature to capture, track, and report on the effort your support teams invest in processing incidents. Learn the fundamental configuration activities to integrate Time Recording into both new and live Service Desk solutions. Key Concept With Support Package 21 of SAP Solution Manager 7.0 came a new functionality for...…

  4. Configuration Validation Reporting Made Easy

    Configuration validation is a reporting utility that helps you know the technical configuration of any SAP system either in flat-list values or in a comparison. The comparison of a group of systems against a target reference system or against predefined configuration values is the crux of the configuration validation utility. Key Concept Configuration validation is...…

  5. Migrate Your Classic PCA Reports to SAP General Ledger PCA

    Transitioning to SAP General Ledger profit center accounting (PCA) not only provides seamless integration with other FI modules but also makes drill-down reporting available for developing profit center reports. However, a major challenge while transitioning from classic PCA to SAP General Ledger PCA lies with making standard or customized profit center reports developed with Report...…

  6. Optimize Your Statutory Reporting Tasks Using SAP S/4HANA for Advanced Compliance Reporting

    In multinational organizations, reporting requirements are increasing day by day. Keeping track of all the reports generated and submissions can consume a lot of time and resources. The reporting format also changes over time due to changing regulations, and compliance with this format is of the utmost importance. Learn how to use SAP S/4HANA for...…

  7. Optimizing Financial Close and Record-to-Report Process

    In This Report: Over the last two years, SAPinsider research has shown that the financial close and record to-report process represent significant pain points for most organizations. Over-reliance on manual processes and poorly integrated systems have left many companies struggling with inefficiency. Read this report to: Discover where SAPinsiders are when it comes to improving...…

  8. Get a Single View of the Customer by Linking Customer Master Duplicates in SAP CRM

    When your SAP CRM system has to account for a customer master that has duplicates, an approach based on linking master data records can provide you with a single view of this data. For example, Customer XYZ exists in the system as XYZ1 and XYZ2, and transactions or installed base products are scattered between the...…

  9. Set Up Intuitive and Automated Reporting Functionality with Crystal Reports

    Discover a strategy for configuring and developing Crystal Reports for your organization’s SAP BusinessObjects GRC solutions, such as SAP BusinessObjects Process Control. Walk through key installation requirements and configuration steps for your SAP BusinessObjects GRC solutions related to the SAP BusinessObjects Enterprise server, and identify key configuration settings that need to be put into place....…

  10. How to Change Infotype Data Using Standard Classes and Methods

    SAP provides a number of standard classes (and methods) for updating records in infotypes. Learn the detailed steps required to create new records in an infotype, delete a record, and change fields of an already-existing infotype record. Key Concept Casting allows you to carry out assignments between two reference variables. Once the assignment is successful,...…