Core Accounting & Financial Close

Recent SAPinsider research shows core accounting and financial close processes continue to be significant pain points for SAP customers. A primary reason is a proliferation of complex, poorly integrated, and manual accounting processes. Content in this category will help customers understand how to apply both best practices and technology to mitigate this pain and improve overall efficiency. We will explore the application of both automation and intelligent technologies to improve accounting processes along with lessons learned and tips for success. We will also examine the benefits, trade-offs, and challenges of standardization vs. customization within core finance and benchmark leading vs. lagging practices and results.

Results

  1. Precisely

    Reading time: 1 mins

    Precisely is the global leader in data integrity, providing accuracy and consistency in data for 12,000 customers in more than 100 countries, including 90 percent of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.

  2. Optimizing Financial Close and the Record to Report Process Research Webinar

    Thursday, February 3, 2022 11:00 AM EST 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. Attend this webinar to: Discover where SAPinsiders are when…
  3. The Universal Journal: Facilitating Continuous Accounting with One Source of the Truth

    The Universal Journal is one of the key innovations that was introduced with SAP S/4HANA Finance. It contains not only financial and controlling information in one table, but also operational data originating from logistics processes, which facilitates collaboration between finance and other areas of the organization. This groundbreaking approach allows for real-time access to information…
  4. Optimizing Ecommerce Customer Experience with Digital River 

    Reading time: 5 mins

    By Ogo Nwanyanwu, Research Director, SAPinsider     Key Takeaways   Organizations executing ecommerce transactions are subject to complex cross-border compliance requirements that can vary by each local destination.   Outsourcing back-office infrastructure using a merchant of record partner can help to simplify these responsibilities and protect organizations from compliance risks and penalties.   Digital River’s Payments, Tax, Fraud & Compliance Management app in the SAP store integrates with SAP’s commerce cloud to support compliant global ecommerce transactions that align…...…
  5. video digital river image

    Video: Digital River Talks Global Ecommerce Payments and Compliance Trends

    by Ogo Nwanyanwu, Research Director, SAPinsider Financial transaction compliance is a complex process that can impact an organization’s ability to provide customers with a positive ecommerce experience. Creating a positive ecommerce customer experience is very important for organizations to grow digital business models globally in the current operating environment. Finance transactions such as cross-border ecommerce…...…
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    SAPinsider 2022 Conference

    Save the dates for the annual SAPinsider conference taking place July 19-21, 2022, at the Bellagio Hotel & Casino in Las Vegas. Join an immersive experience designed to provide you with best practices and expert recommendations for maximizing on your SAP investments and preparing for new opportunities. The conference will bring the entire SAP ecosystem together…
  7. SAPinsider Technology Insight image

    Drive Finance Automation with Continuous Innovation Culture

    Reading time: 6 mins

    By Ogo Nwanyanwu, Research Director, SAPinsider   Digital transformation often starts with financial automation. Finance and accounting teams that embrace a “culture of continuous innovation,” are well-positioned to drive process optimization in support of financial automation adoption.  Key Takeaways: Organizations are adopting financial automation to manage increased complexities and demand facing today’s finance function  End-to-end financial process automation adoption is now a critical component of engaging a finance/accounting workforce…...…
  8. Discussion with Trintech's Michael Ross image

    Future-Proof Remote Finance Teams with Automation

    Reading time: 2 mins

    By Riz Ahmed, Chief Research Officer, SAPinsider and Ogo Nwanyanwu, Research Director, SAPinsider  With remote teams on the rise, many organizations face difficulties finding a more secure and efficient way to manage end-to-end finance workflows in concert with SAP ERP source systems. Finance and accounting professionals have long relied on spreadsheets for the majority of…...…
  9. Using Financial Analytics to Unlock Data Insights

    Watch this fireside chat with top experts who will discuss practical strategies for integrating SAP data with modern analytics to accelerate business insights for finance professionals. As a finance team, you want to become the most strategic partner to your organization’s lines of business. But are you tired of waiting for never-ending processes to gather…
  10. E2E Finance Automation Growth image

    Trintech and Planful Partnership

    Reading time: 3 mins

    by Ogo Nwanyanwu, SAPinsider, Research Director, Financial Management & Technology   Trintech and Planful Announce Strategic Global Partnership Trintech, a financial close automation software company, and Planful, a cloud financial planning & analysis (FP&A) software company, recently announced a strategic global partnership. The agreement provides mid-sized organizations with integrated, automation solutions for end-to-end finance and accounting processes.    Grant Halloran, CEO of Planful, comments on the opportunity with Trintech, “This…