SAP offers a comprehensive portfolio of finance solutions "ready-to-run" on a multi-tenant cloud ERP system. These solutions create efficiency, use best practice processes that improve transparency and standardization, and provide control.
Core capabilities delivered in GROW with SAP cover the core processes below:
- Order to cash
- Procure to pay
- Record to report
- Financial Planning and Analytics
Customers can amplify the benefits derived from GROW with SAP by incorporating additional solutions. These solutions build upon the core capabilities, extending their value by specifically addressing the unique challenges of each customer.
eXtended Planning and Analysis (FP&A): Planning sets organizational goals and identifies variances for corrective measures. SAP's eXtended Planning and Analysis (xP&A) 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.
Tax Management: SAP can manage various types of tax in accordance to the legal requirements of a country or region. E-invoicing and document reporting to authorities are also a key requirement.
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.
The finance & risk portfolio of solutions offered by SAP aims at covering the different needs the finance personas in any organization have.
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.
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.
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.
Head of sales/chief revenue officer finds new revenue streams to grow the organization. They explore innovative market opportunities and expand the product portfolio. The 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.