SAP Cloud ERP for Accounting

Modernize your accounting processes with SAP Cloud ERP

As an accounting leader, you are facing increasing pressure to ensure your organization has the tools and data needed to drive growth and success. Outdated or underpowered systems will start hindering your ability to provide the insights necessary for timely, strategic decision-making, such as maximizing return on investment, improving free cash flow, and reducing costs. By undertaking a business system modernization project and implementing a future-proof cloud-based ERP, you’ll gain access to a single source of financial truth, process automation to streamline and eliminate manual tasks while providing the real-time information needed to support your organization's strategic planning, goals and achieve optimal financial visibility and health.

Record-to-report optimization delivers fast, reliable financials

The core of SAP's accounting, financial close, and reporting software helps you optimize your finance and accounting operations, including AP/AR, closing, consolidation, management reporting, and legal reporting.

Streamline Operations with Automation:
- Eliminate manual tasks: Leverage intelligent automation to automate accounting postings, financial consolidation, and reporting, reducing manual effort and increasing efficiency. (AI (Artificial Intelligence), ML (Machine Learning) and RPA (Robotic Process Automation)

Drive Informed Decision-Making:
- Enhance data reliability: Gain deeper insights and make more confident decisions with accurate, auditable financial and management reporting.
- Strengthen compliance: Ensure adherence to financial regulations and accounting standards.
- Leverage the predictive capabilities of the system to gain confidence in your decision-making.

Achieve Real-Time Business Intelligence:
- Centralized data: Access a unified source of financial truth for comprehensive reporting and analysis. User configurable dashboards allow instant access to the KPIs relevant to need and role without having to request IT resources.
- Flexible insights: Gain granular visibility into financial performance and explore various scenarios to support strategic decision-making.

Accounting processes inside the SAP Cloud ERP solution.

Group Reporting:

Unified entity and group close reporting - Access a single source of truth for local operational and group-level data, and drill down from consolidated reports to transactional data.
Continuous accounting - Achieve real-time performance monitoring, identify and correct issues pre-close, and distribute workloads continuously and evenly over the accounting period.
Advanced group consolidation features - Collaborate across embedded intercompany reconciliation processes, and support inter- and intra-segment elimination with innovative reporting functionality.

Group Reporting, Financial Statement Item Details

Financial Close, Approving Closing Tasks

Financial Close

Closing templates - Start with best-practice entity close content, then use sequencing and dependencies to fit your organization’s needs and reuse templates across multiple companies and cycles.
Closing automation - Increase the efficiency and speed of your close with automation routines, execute jobs across your landscape, and give your team intuitive, self-service access to closing transactions.
Monitoring and insights - Achieve real-time insight into your financial close process and help ensure the quality and governance of each close to meet regulatory disclosure mandates.

Account Substantiation

Streamlined reconciliation - Accelerate financial closings by bridging complexities with automated integration of SAP ERP and SAP S/4HANA.
Connected finance and accounting processes - Unify people, information, and technology and support continuous accounting and improvement.
Automation of labor-intensive financial close and compliance processes - Reduce or eliminate routine manual tasks and increase visibility and standardization with intelligent workflows that help accounting and finance teams focus on high-risk areas and support ongoing business strategies and policies.

Account Substantiation in SAP Cloud ERP

Intercompany Management in SAP Cloud ERP

Intercompany Management

Efficient Transaction Processing - Establish clear intercompany trading guidelines and streamline the entire transaction lifecycle, from creation and validation to workflow management and substantiation.
Automated Reconciliation and Settlement - Automatically match intercompany transactions, identify discrepancies, and minimize settlement efforts through bilateral netting, reducing the number of transactions required between entities.
Enhanced Transparency and Control - Gain a comprehensive view of intercompany settlement balances from a single location, ensuring data integrity, regulatory compliance, and improved visibility into aggregated, bilaterally netted payables or receivables.

Accelerate your journey to the cloud with GROW with SAP

The GROW with SAP program equips you with proven tools and methodologies to streamline your SAP Cloud ERP implementation. Enjoy a predictable timeline that minimizes surprises and ensures a smooth transition. Furthermore, GROW with SAP provides flexible, role-specific training designed to empower your entire team. Build essential skills and maximize user adoption, paving the way for a successful cloud migration.

Grow with SAP_Partner_R_pos

Treasury Management

Optimized working capital and mitigation of financial risks.

Strengthen Cash Flow Management: Centrally manage bank accounts and monitor cash flow for optimal liquidity and working capital.
Effortless Payments: Simplify and centralize internal and external payments with automated workflows and secure bank communication channels.
Proactive Risk Mitigation: Mitigate financial risks, optimize investments and borrowing decisions, and ensure regulatory compliance.

Explore Treasury Management

Spend Management

SAP Ariba is a comprehensive suite empowering businesses to transform their spend management, unlock cost savings, and gain a competitive edge.

Explore Spend Management

Expense Management

SAP Concur Expense is a powerful solution for businesses seeking to streamline expense management, improve efficiency, and gain better control over spending.

Explore Expense Management

Supply Chain Visibility

SAP Supplier Portal and Business Network streamlines collaboration and communication with vendors.

Explore Supplier Portal

Multi-Bank Connectivity

The SAP Multi-Bank Connectivity solution offers a secure network owned and managed by SAP. You can leverage multiple services over one single channel and support the deployment of new ones.

Key Benefits:

Connected businesses with financial institutions: Create a multi-bank, digital channel between your ERP system and your banks that offers embedded EBICS and Swift connectivity.
Increased control, efficiency, and transparency: Refine and simplify treasury operations by updating payment status and cash positions automatically in your ERP system.
Higher reliability of your banking network: Automate manual, error-prone steps associated with the execution and reconciliation of payments, order-to-cash applications, and order entry documents.

Explore Multi-Bank Connectivity

Treasury Management

Treasury Management

Optimized working capital and mitigation of financial risks.

Strengthen Cash Flow Management: Centrally manage bank accounts and monitor cash flow for optimal liquidity and working capital.
Effortless Payments: Simplify and centralize internal and external payments with automated workflows and secure bank communication channels.
Proactive Risk Mitigation: Mitigate financial risks, optimize investments and borrowing decisions, and ensure regulatory compliance.

Explore Treasury Management

Spend Management

Spend Management

SAP Ariba is a comprehensive suite empowering businesses to transform their spend management, unlock cost savings, and gain a competitive edge.

Explore Spend Management

Expense Management

Expense Management

SAP Concur Expense is a powerful solution for businesses seeking to streamline expense management, improve efficiency, and gain better control over spending.

Explore Expense Management

Supply Chain Visibility

Supply Chain Visibility

SAP Supplier Portal and Business Network streamlines collaboration and communication with vendors.

Explore Supplier Portal

Multi-Bank Connectivity

Multi-Bank Connectivity

The SAP Multi-Bank Connectivity solution offers a secure network owned and managed by SAP. You can leverage multiple services over one single channel and support the deployment of new ones.

Key Benefits:

Connected businesses with financial institutions: Create a multi-bank, digital channel between your ERP system and your banks that offers embedded EBICS and Swift connectivity.
Increased control, efficiency, and transparency: Refine and simplify treasury operations by updating payment status and cash positions automatically in your ERP system.
Higher reliability of your banking network: Automate manual, error-prone steps associated with the execution and reconciliation of payments, order-to-cash applications, and order entry documents.

Explore Multi-Bank Connectivity

Everything you need to succeed, and more

Always Be Closing: Improving Financial Close for the Mid-market

By looking at high-performing companies, regardless of size, while also taking into account which elements can be realistically changed, mid-market companies can learn lessons from peers of all sizes to improve their own approaches to the financial close process.

How Cloud-Based Efficiency and Innovation Address Finance Challenges

This report examines how Best-in-Class companies and their CFOs are using cloud-based technology to help navigate through this uncertainty, address financial challenges, and improve their business results.

Get to Know SAP Cloud ERP

Explore the SAP Cloud ERP Solution.

Explore the Solution

Explore the Solution

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Watch an SAP Cloud ERP Overview Demo On-demand

The sap you know, for growth-focused companies.

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