Exploring the End-to-End Overview of SAP Finance Solutions

Objective

After completing this lesson, you will be able to identify how SAP finance solutions connect to end-to-end business processes to create value for the CFO.

SAP Solutions for Finance and Risk

RISE with SAP is ideal for companies with complex business needs or legacy ERP systems. It offers a single-tenant Cloud ERP solution with flexibility and extensibility, supporting continuous innovation, efficient financial processes, and tailored industry-specific solutions.

The image illustrates the comprehensive nature of a cloud-based ERP (Enterprise Resource Planning) system as a business technology platform. It emphasizes financial management as a core component, supported by AI-powered business processes. The diagram highlights various facets of the ERP such as spend management, supply chain management, human capital management, and customer relationship management. Key functions like financial planning, record reporting, invoicing, treasury management, and compliance are also depicted.

Customers can enhance their benefits from RISE with SAP by a variety of additional solutions that they can choose from SAP and partners to extend the scope of their core processes based on their business needs.

  • extended planning and analysis (xP&A)

    Planning sets organizational goals and identifies variances for corrective measures. extended planning and analysis (xP&A), the extended planning and analysis capability for SAP Analytics Cloud, links financial outcomes to operational drivers across business lines, enhancing decision-making.

  • Accounting and Financial Close

    Financial accounting meets all (inter)national requirements, covering general ledger, receivables, payables, asset accounting, and more. SAP Advanced Financial Closing automates tasks and ensures accurate, efficient financial statements.

  • Tax Management

    SAP can manage various types of taxes in accordance with the legal requirements of a country or region. E-invoicing and document reporting to authorities are also key requirements.

  • Quote to Cash

    SAP covers end-to-end processes from quote creation to cash collection, supporting various commercial flows, including XaaS (anything as a service) models. It offers industry-specific process variants for both B2C and B2B.

  • Governance, Risk, and Compliance

    SAP has a comprehensive suite of products that help companies improve their control of their business, mitigate operational risks, and comply to internal policies and regulations.

  • Treasury Management

    SAP solutions cover all the core Treasury Management areas including: Cash & Liquidity Management, Payments and Bank Connectivity, and Treasury and Risk Management.

SAP's portfolio of finance and risk solutions is designed to meet the diverse needs of finance professionals in any organization.

A portrait is shown for each of the personas analyzed below.

The head of accounting and controlling requires accurate and reliable data to meet reporting requirements. They prioritize forecasting and budgeting precision for informed decision-making and strategic planning. They are committed to automating finance processes for streamlined operations and fewer errors.

The head of audit, compliance, and tax is focused on mitigating risks and establishing robust controls for finance processes. They need to comply with regional and global tax requirements, aiming to protect the organization from potential financial pitfalls while optimizing the tax strategy.

The head of treasury and shared service operations needs cash flow visibility and liquidity to respond swiftly to financial demands. They prioritize speeding up receivables with efficient dispute resolution to strengthen customer relationships.

The head of sales/Chief Revenue Officer finds new revenue streams to grow the organization. They explore innovative market opportunities and expand the product portfolio. They streamline operations and leverage customer insights to boost sales and foster long-term loyalty.

Various cross-functional team heads, such as the Chief Information, Information Security, and Operations Officers, need to effectively manage identities and users within applications for security and operational efficiency.

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