Emphasizing Business Value Drivers and Benefits of Financial Management

Steering the company based on both financial and non-financial data is a critical aspect of SAP Business Suite's financial management capabilities. By transforming planning across the organization, businesses can align sales, supply chain, and financial planning, breaking down organizational silos. This integrated approach allows corporate strategy to be connected with divisional plans, supported by flexible modeling and limitless scenarios. Leveraging SAP Business AI, users can gain natural language-triggered analysis and more precise predictions, enabling data-driven decision-making.

To steer towards sustainability, SAP Business Suite facilitates strategic and operational decision-making by analyzing carbon data at a granular level and targeting actions based on accurate data. This helps businesses succeed in a decarbonized economy. Additionally, the suite allows for group wide steering based on actual closing data and drives agile decisions by combining planning, analytics, automation, and AI-driven forecasts.

Streamlining accounting processes with automation is another key area where SAP Business Suite excels. By providing a single source of truth across local and group data, the suite guides decision-making with full visibility and detailed insights. The compliant and auditable processes across data collection, validation, consolidation, and reporting ensure accuracy and reliability.

The suite orchestrates the financial close with powerful AI-supported automation, improving compliance, efficiency, and transparency. AI capabilities generate financial statement commentary, explain complex accounting treatments, and identify insights in large data quantities. Automating entity and group closing activities before period-end further enhances the efficiency of the financial close process.

Moreover, SAP Business Suite supports the transition from carbon counting to carbon accounting based on universally accepted accounting principles. This includes tracing and auditing actual carbon footprints, reusing existing financial audit processes and controls, and ensuring data lineage from the integrated report down to the prima nota.

Funding the business and supporting sustainable growth is a central focus of the treasury and working capital management features in SAP Business Suite. The suite provides real-time visibility into the cash position and optimizes cash flow by centrally orchestrating cash flow processes. Leveraging highly granular data and SAP Business AI, users can predict liquidity and manage risks effectively.

Accessing financial markets and unlocking free cash is facilitated by integrating operational and treasury processes into a unified management system. Connecting internal and external data enables comprehensive financial risk management, optimization of supply chain financing, and utilization of AI-driven transaction recommendations.

Payment and cash collection processes are streamlined with AI-powered automation. The suite automates full payment cycles using a common data model across procurement, payroll, and expense management. Additionally, customer satisfaction is improved by optimizing cash collection and analyzing credit risk with AI insights.

Growing profitable revenues is a fundamental goal supported by the quote to cash capabilities in SAP Business Suite. Combining products, services, and subscriptions into diversified offerings allows businesses to win in the market. These solutions can be monetized as subscriptions, transforming the business into an Everything-as-a-Service (XaaS) model. The suite executes on quote to order management, execution, billing, and revenue management along the entire quote to cash process.

Balancing growth and profitability is achieved by relating top- and bottom-line insights to measure the market success of the most profitable offerings. Furthermore, the suite increases customer lifetime value by using AI and end-to-end visibility on customer relationships. This optimizes the solution offering in a closed-loop quote to cash cycle.

Managing risk and compliance while accelerating reporting is a vital function of SAP Business Suite's governance, risk, and compliance features. The suite monitors controls for various regulations, such as Internal Control over Financial Reporting, Foreign Corrupt Practices Act, and environmental, social, and governance (ESG) regulations.

Corporate audit processes are revolutionized by increasing efficiency and productivity for auditors, controls performers, and monitors. Automating controls execution and implementing centralized review by exception enhances operational effectiveness. The suite also eliminates manual control performances completely, reducing the number of control reviewers while maintaining agility to adapt the compliance environment to business transformation needs.

Cybersecurity risks are reduced by securing the end-to-end environment from access rights to data usage along any business process. This comprehensive approach ensures robust risk management and compliance across the organization.

By addressing these five key areas, SAP Business Suite provides a holistic and effective approach to financial management that drives business success and sustainability.

SAP Business Suite represents concrete value for finance teams. From shortening forecasting and reporting cycles to cutting audit costs and accelerating the month-end close, the benefits of SAP Business Suite span every corner of the finance function. In fact, benchmarking data shows that leaders can reduce their total finance cost as a percentage of revenue, potentially saving millions per year.

By uniting applications, data, and AI, finance teams unlock higher productivity, lower risk management overhead, and better liquidity insights, resulting in a leaner, more proactive finance function that drives business strategy.

• SAP Business Suite's financial management capabilities help steer the company based on financial and non-financial data.
• It streamlines accounting processes with automation, improving compliance, efficiency, and transparency.
• SAP Business Suite supports treasury and working capital management, optimizing cash flow and managing risks effectively.
• It supports quote-to-cash capabilities, allowing businesses to grow profitable revenues and monetize diversified offerings.
• SAP Business Suite manages risk and compliance while accelerating reporting, reducing cybersecurity risks and improving operational effectiveness.