Want deep Cloud
Financial and Asset Management?
SAP Business ByDesign supports the strictest financial close requirements to give firms:
• Support for consistent standards and efficient processes for reduced cycle times
• High confidence in the numbers thanks to tightened control and transparent compliance
Generate the high-quality results required by international and local financial reporting standards.
Streamline the collection and consolidation of data for management and regulatory reporting.
Put controls in place to make sure financial master data is managed consistently and across all of the applications.
Use SAP Business ByDesign to enable all required reports and disclosures in less time at lower cost.
SAP Business ByDesign provides a complete set of tools to help manage and streamline your financial operation. It automates everyday accounting tasks such as maintaining ledger and journal entries, supporting GST calculations, and enabling multi-currency transactions.
With accounting and financial software for SAP Business ByDesign, customers can drive accelerated, more reliable month-end processes and efficiently analyse the why and how behind financial results.
SAP Business ByDesign offers fully integrated financial and banking functionality for complete, across-the-board tracking, management, reporting, and control of all key financial and accounting processes.
The SAP Business ByDesign solution helps you integrate your core business processes and financials so that you have a single, up-to-date view of the financial state of your business. This single source of corporate truth serves as a centralized general ledger with related sub-ledgers and includes standard accounting logic. It helps you make informed business decisions and at the same time serves as the basis for your financial reporting.
Cash flow management in the SAP Business ByDesign solution supports your organisation in tracking and optimizing cash flow and keeping tight control of receivables, payables, payments, and liquidity. Automation speeds the collection of receivables, and analytical functions assess your cash position in real time. SAP Business ByDesign helps you optimise your liquidity, so you have sufficient financial resources available at all times.
The centralized general ledger within SAP Business ByDesign enables you to view the financial state of your company through different sets of accounting rules – such as United States generally accepted accounting principles (U.S. GAAP) and International Financial Reporting Standards (IFRS). Centralised accounting data allows your accounting department to efficiently manage the financial operations of your company and provide the financial information that your management needs, quickly and easily.
The Fixed Asset Management business scenario allows you to manage your fixed asset accounting. It covers the entire life cycle of your fixed assets, from purchasing, including fixed assets under construction, through to asset retirement or sale. The solution enables you to value your fixed assets in parallel, in accordance with local and international valuation principles, tax-based valuation principles, or for statistical or cost-accounting purposes. This ensures continuous compliance with country-specific regulations. Throughout the fixed asset lifecycle the values for depreciation are calculated and posted automatically and provided in various reports.
Cost Center Management Accounting provides functions for managing and allocating overhead costs. Examples of costs that are generally classified as overhead include operating supplies, wages and salaries, social security contributions, and depreciation.
In contrast to direct costs, overhead costs must first be accumulated on the cost centers that requested the services. At the end of each period, you use the overhead distribution and overhead absorption functions to credit the cost centers for the accumulated overhead and allocate it to the cost objects.
Detailed information about revenues and the cost of sales is needed to support critical business decisions and to monitor performance and profitability. To ensure that this information is timely and accurate, the system provides functions that automatically determine accounts, recognize revenue, and allocate overhead. The reports available for sales and profit analysis enable you to gain insight into your sales operations, such as your net profit on sales orders including costs and returns, or the gross profit on a particular product in a particular region.