Maximizing Value by Pairing Accounting & Financial Close with the Business Technology Platform

Objective

After completing this lesson, you will be able to combine Accounting & Financial Close with SAP Business Technology Platform to maximize the value of the integrated solutions

Pair Record to Report with the BTP

How do we pair Record to Report with the BTP?

SAP Business Technology Platform is used as a delivery platform for some of our applications.

Group Reporting Data Collection, SAP Advanced Financial Closing, and Green Ledger are BTP applications that can be adapted ahead of larger cloud transformations.

These applications adopt specific SaaS innovations:

  • Group Reporting Data Collection has critical capabilities required for Group Reporting customers, whether their SAP S/4HANA Group Reporting is public cloud, private cloud, or on premise
  • Advanced financial closing is a hub that orchestrates closing tasks across multiple ERP systems, even if their accounting system is an SAP ECC on premise system
  • Green Ledger brings carbon data and the financial steering model together

Customers can also take advantage of customer-specific processes and address particular challenges with accounting automation with SAP Build Process Automation which uses a no-code, low-code approach to business process automation.

  • SAP-delivered Bots, especially to deal with media breaks
  • Advanced workflows for customer-specific processes
  • Can be fully automated within closing orchestration with SAP Advanced Financial Closing

With Business Technology Platform customers can unlock the full potential of their business applications, data, and AI.

Business Technology Platform within the SAP Business Suite enhances financial management by integrating and extending business applications, building business-relevant applications with all data, and innovating with AI. This platform allows for the seamless integration of custom and non-SAP applications, data-driven app development, and the use of AI models to optimize financial processes.

The role of Financial management within the SAP Business Suite is integral to orchestrating end-to-end business processes and ensuring the sustainable use of resources.

Extending Solutions with SAP Business Technology Platform

SAP Business Technology Platform enhances Accounting and Financial Close by delivering cutting-edge technologies, enabling automation, simplifying integration, and supporting sustainability goals, which together lead to more efficient financial processes and better decision-making.