SAP S/4HANA Cloud for Finance
Accounting and Finance with Cloud ERP
In a competitive, global market, everything needs to be flawlessly coordinated for dynamism. Run sophisticated, highly automated financial processes that link transactions, analytics, and planning with SAP S/4HANA Cloud for Finance. These procedures encompass everything from accounting and cost management to enterprise risk and compliance.
- All financial procedures, from accounting to risk management, can be automated intelligently.
- 360-degree insights are delivered through real-time reporting and powerful finance analytics.
- Financial data and counsel powered by AI at the time of decision.
- Local compliance with internationally standardized processes.
- Subscription and usage-based billing options are supported.
- Consumer-grade user interfaces that are intuitive across all platforms.
Accounting & Finance Closure
Execute company Accounting and Financial closure procedures that are effective and highly automated, from reconciliation and reporting to IFRS and local legal compliance. It can help you with:
- Recording financial transactions in real-time and reporting on the results and status of the company.
- Automate accounting and management procedures, such as revenue recognition, to assure compliance.
- With a high degree of automation and a lot less work, close the books instantly.
- Coordinate closing processes across many entities to improve governance and compliance, spur efficiency, and achieve transparency.
- Actuals, plans, and predictive data for the entities and organizations are combined into a single universal general ledger.
Financial Operations
To decrease the number of unpaid sales, bad debt write-offs, and expenses for the day and to more quickly adjust to shifting market dynamics, increase the flexibility and efficiency of your financial operations. Our cloud-based ERP program includes the following features:
- Centralize account receivables and payables, and efficiently manage collections, disputes, and receivables.
- You can monitor cash movements in real-time with centralized cash and liquidity management.
- Worklist balancing, performance tracking, and integrated, real-time operational reporting support effective team management.
- Online payments, computerized invoicing, and bill presentation all enhance customer service.
- Integrate crucial business activities into the order-to-cash cycle to optimize financial settlement services.
S/4HANA Financial Framework
SAP S/4 HANA Finance, is built on the in-memory database platform SAP HANA.
In-memory databases allow for speedier queries and may analyze more data quickly by storing it in the computer's main memory rather than on discs, in contrast to traditional databases, which are frequently used as the data repository for an ERP system. S/4HANA unites cross-organizational functions like accounting and procurement into a unified system that combines records of business transactions with analytics and employs HANA as its core technology.
The Universal Journal is undoubtedly the most distinctive aspect of the S/4HANA financial architecture. A single data table in an S4/HANA system essentially houses all financial data. Older ERP systems often had many general ledgers, each having a predetermined number of unchangeable fields. The Universal Journal, on the other hand, centralizes ledger data into a single chart of accounts, facilitating the integration of disparate ERP systems. The number of records is infinite, and the fields are modifiable.
Why Osswal Infosystem for SAP S/4 HANA?
A fast-growing IT management and consulting firm, Osswal Infosystem Pvt. Ltd. exploits technology's potential and utility to help its clients overcome their business challenges. Our Public Cloud solution radically alters how business functions and provides value to its consumers, driving digital transformation undertakings
- Highly experienced in product execution
- In-depth understanding of business processes
- Extensive knowledge of add-on applications
- Acknowledgments from SAP as the best service partner
Cost Management & Profitability Analysis
Drive profits with robust features for product costing, overhead cost control, and profitability analysis. Accurately assess the profitability of markets, channels, products, and segments by gathering, allocating, and analyzing expenses by the project, order, cost center, or business process.
- Simplifying the overhead allocation process with an integrated journal for cost centers, profit centers, and margin analysis.
- Respond to actual and anticipated costs of manufacturing, work-in-progress, scrap, and settlements.
- Support decisions made in context using ad hoc reporting and embedded multi-dimensional data analysis.
- Get real-time access to comprehensive and reliable information.
Enterprise Risk & Compliance
To comply with regulations, particularly those about import and export, free trade agreements, electronic documents, and statutory reporting, manage compliance, risks, and controls in business operations. With cloud ERP features for managing global taxes and international trade, you can:
- Produce digital business documents under local laws.
- Prepare statutory reports on an as-needed basis to satisfy local regulations.
- Commodity codes, customer tariff numbers, intrastate service codes, and legal control attributes should all be classified and reclassified.
- Check and clear all obstructed trade compliance documents in bulk.
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