SAP Digital Asset Management
What is SAP Digital Asset Management?
Digital asset management is both a process within an organization, as well as the technology used as part of that process. The goal of digital asset management is to create a centralized system for organizations to store and organize their digital assets. Types of assets typically included within digital asset management systems include documents, images, audio content, video, media files, graphics, presentations, or any digital media that requires rights to use.
SAP Digital Asset Management by OpenText is SAP’s digital asset management solution, which is specifically focused on capturing, managing, and delivering digital assets so that organizations can promote brand and marketing messages of their portfolios, products, and services. SAP’s solution is not home grown, but is a partner solution provided by OpenText, and the official product name is SAP Digital Asset Management Cloud by OpenText.
Vendors offering digital asset management services for SAP include: OpenText
835 results
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Asset Accounting for Today’s Economy
Asset accounting is the process of tracking and recording all company assets. By tracking and recording all company assets, businesses can more easily identify the most critical investments and make better strategic decisions about where to allocate resources. This information can help finance and accounting teams make better strategic decisions about allocating resources to improve...…
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Drive Business Insight with Shared Asset Intelligence
Smart products have become important components of manufacturing networks. The information that smart devices can deliver about an organization’s assets has the power to transform business processes, business models, and manufacturing — particularly when that information can be shared across the entire ecosystem of suppliers, original equipment manufacturers (OEMs), service providers, and asset operators involved…
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Improve Your Asset Reporting with Two Overlooked Tools
Preview this excerpt from Thomas Michael’s SAP PRESS book Reporting for SAP Asset Accounting to see some key reporting features in Asset Accounting (FI-AA). The book reviews both the various kinds of standard reports available and some important reporting tools that users often overlook. Key Concept Simulation versions are functions that allow you to consider...…
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How to Use SAP’s Multiple Calendar Tool for Asset Accounting to Manage Multiple Fiscal Calendars
Discover how the Multiple Calendar Tool from SAP solves the requirement to create financial statements or tax values in more than one fiscal calendar. Key Concept The Multiple Calendar Tool is an add-on component to Asset Accounting that provides the required functionality to facilitate the creation of accurate financial statements for different fiscal calendars. The...…
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Use Depreciation Below Zero Net Book Value for Better Product Costing
Many organizations face scenarios in which they have some assets used even after the net book value (NBV) reaches zero. Once the NBV reaches zero, no more booking happens in accounting for legal reporting. However, from a management point of view, the depreciation needs to be accounted into cost estimation even if the NBV is...…
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Transfer Small Amounts of Legacy Data into Asset Accounting with Ease
The SAP R/3 Asset Accounting component has a little-known tool, known as Transfer Legacy Data to Asset Accounting using Microsoft Excel, for loading legacy asset data into an SAP system. Data transfers in small volumes can be a snap if you follow these steps and know where the formatting pitfalls are. Key Concept To implement...…
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Streamline Personnel Assets Assigned to Employees and Integrate HR Processes
Learn how to align personnel assets assigned to employees and streamline the associated organizational SAP ERP HCM processes. Key Concept Most organizations use manual techniques to assign assets to employees and take assets back from them when they leave the organization. To achieve this tedious task, they maintain a separate system, manual registers, or a...…
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How to Configure and Retrofit Depreciation Areas When You Add a New Depreciation Area in a Live Site
Learn how to add or retrofit depreciation areas with a specific depreciation key. See how you can use a substitution rule and worklists when a new company code with a specific legal requirement on depreciation calculation and reporting is rolled out in the same country with an already existing company code. You need to have...…
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Asset Accounting: Highlight Key Data Conversion Issues During Implementation
Prepare for an Asset Accounting implementation project with these best practices and tips for converting legacy data. Key Concept Transaction AS91 is a manual online transfer method of loading legacy data. It enables you to load the asset’s master data and historical financial data. It allows you to see how the loaded data appears in...…
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Learn How to Maintain Parallel Asset Values and Post to the SAP General Ledger
Learn how to manage parallel values in SAP Asset Accounting using depreciation areas. Follow a discussion of parallel posting to the general ledger with the use of additional general ledger accounts. Key Concept SAP Asset Accounting (FI-AA) provides functionality to manage parallel asset values. In FI-AA, asset values are managed in parallel using a structure...…
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