Finance & Accounting

How to easily optimize your financial processes

Are accounting systems in your company no longer sufficient to keep track of the complex financial status of your company? Then integrate your core business with financial accounting with SAP Business ByDesign. 

In this way you can map essential business processes and keep an eye on receivables and payables, payment transactions and liquidity, inventory and investments, taxes and expenses as well as your reporting and compliance requirements. And all on the basis of well-founded and up-to-date financial data of all departments of your company.

CASHFLOW MANAGEMENT

The capital streams that flow between you and your customers or business partners in every business process keep your business alive. It is therefore all the more important for you to control all your business activities from a financial point of view. With SAP Business ByDesign, you reliably control your cash inflow and outflow, rationalize and accelerate your accounting processes, and also work more closely with business partners.

• Manage and control all receivables and payables centrally
• Process all incoming and outgoing payments reliably on internal and external cost centers
• Accelerate and optimize mandatory correspondence with e.g. tax authorities or banks

Range of functions

Processing claims and liabilities

• Payment and compensation
• Collection and reminder
• Assess receivables and payables

Tax Administration

• Calculate taxes on goods and services
• Edit sales and excise tax (USA)
• Edit withholding tax
• Submit tax returns

Expense and reimbursement management

• Reimbursement of expenses
• Communication

Payment transactions and liquidity

• Account management
• Support multiple payment methods
• Process credit card payment
• Cash and liquidity management
• Foreign currency valuation and handling
• Electronic banking

FINANCE AND ACCOUNTING

With SAP Business ByDesign, you can finally map your entire business processes seamlessly in finance and accounting. That way you gain a uniform, current view of your finances, e.g. in purchasing, production and sales. The advantage: You enter all the data associated with a business transaction only once and have it automatically available - in all books and for financial reports that can be created at any time. This gives you a deep understanding of your costs and proceeds and forms the solid basis for reports - in accordance with various accounting regulations. Accelerate your period and annual financial statements thanks to integrated interactive analysis tools.

• Generate reports at any time - in any desired depth of detail for different scenarios
• Manage the financial status of your investments automatically over the entire life cycle - from purchase to depreciation

Range of functions

General ledger management

• Prepare financial statements

Period-end closing

• Accrual (anticipative)
• Improve multi-currency support
• Parallel accounting
• Summary reporting

Asset Management

• Depreciation calculation
• Purchase and disposal
• Reporting for assets

Stock Assessment

• Evaluation of purchases and material movements
• Inventory valuation
• Assessment of the WIP inventory

Internal Accounting

• Cost center accounting
• Sales and profit and loss account
• Management of project costs and proceeds
• Project calculation
• Calculation of production costs
• Profit center management