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Home Courses SAP HANA Financial Accounting & Controlling (FICO)

Financial
Accounting And
Controlling (FICO)

Overview

Adapt to modern, digitalized business models and create a competitive edge for your company – with financial management and accounting software from SAP. Our on-premise and cloud solutions support FP&A, financial close processes, treasury and risk management, financial operations, and GRC. We can help all types of corporate finance executives run their businesses today, and prepare for change in the future.

Financial Planning and Analysis

Improve financial performance and control costs – with our software for financial planning and analysis

Accelerate planning cycles and make decisions based on real-time financial insights – using FP&A software from SAP. Our solutions support strategic planning, budgeting, forecasting, financial analysis, enterprise performance management (EPM), and more. They can help you increase profitability, track and control costs, and tightly align operations with business strategy. Use the latest technologies to adapt to changing market conditions – and seize new opportunities for growth.

When finance is live, businesses perform better

Discover SAP Business Objects Planning and Consolidation, add-on for SAP S/4HANA. This single platform lets you see across your whole organization – so you can analyze fast-breaking trends, execute live planning, and make confident decisions when it matters most.

Strategy Development and Translation

Align corporate and operational goals – and cascade strategy across the enterprise

Discover SAP Business Objects Planning and Consolidation, add-on for SAP S/4HANA. This single platform lets you see across your whole organization – so you can analyze fast-breaking trends, execute live planning, and make confident decisions when it matters most.

•  Replace spreadsheet-based performance management tracking

•  Capture cross-functional performance measures

•  Highlight the interrelationship of tasks that support common goals

Solution Capabilities

•  Strategy development and translation

•  Planning, budgeting, and forecasting

•  Profitability and cost management

•  Monitoring and reporting

Accounting and Financial Close

Achieve a faster, more compliant financial close and streamline accounting processes

Close the books quickly and accurately – and simplify financial reconciliation – with accounting and financial close software from SAP. Our solutions can help you consolidate financial accounting data, no matter how disparate, and gain a single source of financial truth. Get real-time insight into your financial close process, drill into details to quickly resolve delays – and create statements and disclosures that comply with financial reporting standards such as IFRS, U.S. GAAP, and others.

Gain a full view of leases

See how SAP Lease Administration by Nakisa provides companies a 360 degree view of leases from initiation to termination and comply with new standards and regulations such as IFRS 16.

A single source of truth

See how the Universal Journal in SAP S/4HANA Finance helps companies transform data and transactions from different systems and processes into a single source of the truth.

Solution Capabilities

Accounting

Deliver faster, more compliant financial reports with real-time accounting support

Accelerate compliant financial reporting with automated accounting capabilities, harmonized data – and support for multiple financial reporting standards, industries, currencies, and languages.

•  Automatically record and valuate business activities from different modules or systems

•  Help ensure complete data across the general ledger, sub-ledgers, and logistics

•  Use self-service analytics on highly granular data to support rock-solid decision making

Entity Close

Enable stronger governance and faster execution in your entity financial close

 Boost the compliance and speed of your entity financial closes – with software that supports fast, efficient peer-to-peer reconciliation of intercompany balances and invoices between subsidiaries.

• Leverage real-time identification of mismatches, error correction, and status updates – within financial documents

• Plan, execute, and monitor closing activities across multiple entities and cycles

• Share best practices and improve overall governance and efficiency

Fast-track SAP deployment

Go live with SAP treasury management functionality in a few short weeks – with our rapid-deployment solutions. These preconfigured software and service packages can help you tightly control complex processes for managing cash flow, liquidity, and risk.

Reporting and Disclosure

Streamline regulatory filings and disclosures

Automate and simplify processes for your external and internal disclosures – and use robust business intelligence capabilities to support fast, fact-based decision making.

•  Get visibility into the KPIs driving your business

•  Analyze and share data from multiple sources

•  Create XBRL-based financial statements

•  Use preconfigured kits to accelerate legal compliance

•  Lower risk, reduce errors, and increase accountability

Financial Close Governance

Ensure a high-quality, compliant financial close

Create, update, and monitor financial master data in one system – and distribute changes anywhere – to accelerate the financial close process.

• Strengthen and document internal controls

• Streamline testing and assessments

• Perform timely remediation

• Generate accurate reports that comply with multiple regulations

Treasury Management

Gain better control over treasury management – and maximize visibility into cash flow, liquidity, and risk

Efficiently manage cash flow, payments, liquidity, and risk with treasury and cash management software from SAP. Our corporate finance solutions provide real-time visibility into exchange rates and working capital – and can help you automate treasury operations and related activities. Optimize cash forecasting, ensure adequate liquidity, improve financial risk management – and ensure compliance with global accounting regulations.

 

Simple tools provide a global view of treasury operations – Image putted here

To optimize working capital and effectively control cash, corporate treasury teams need up-to-the-minute visibility into cash positions. That’s why SAP S/4HANA Finance delivers a real-time view of cash flow and financial risk exposure across business units – and helps ensure adequate liquidity for growth.

Solution Capabilities

Improve payment management and bank communications

Streamline and tightly control payment management and bank communications processes while boosting transparency – to lower fees and borrowing costs.

• Simplify routing and approval processes with automated payment workflows

• Secure proper approvals and documentation with rules-based workflows

• Automate bank-to-book reconciliation to provide real-time intraday cash balances

• Reduce reliance on banks and the need to transfer cash to regions

• Shrink bank fees, borrowing costs, and unnecessary loan requests

Cash and Liquidity Management

Gain real-time insight into global cash and liquidity management

Source cash and liquidity data from multiple systems to improve business forecasting and the financial health of your business.

•  Access your global bank balances in real time

•  Get greater visibility into cash flow

•  Centrally manage bank accounts and administration

•  Accelerate cash transfer processes for worldwide operations

•  Automate cash and liquidity management to reduce demand for cash, banking fees, and borrowing costs

Debt and Investment Management

Implement strategies that cut borrowing rates and investment costs – and fuel profitable growth

Optimize capital structure and get competitive interest rates on short-term debt financing – by balancing debt trade-offs against equity, risk, and returns.

•  Automate transaction posting and position reporting

•  Quickly generate financial compliance reports

•  Gain timely insight into available cash to maximize returns on investment

Financial Risk Management

Protect assets and cash flows from financial risks

Accurately assess and mitigate financial risks so you can confidently manage the market and limit exposure to solvency issues.

• Model the severity of risks under a variety of scenarios

• Leverage real-time insight into risk positions

• Develop effective hedge accounting strategies that comply with U.S. GAAP and IFRS standards

Commodity Risk Management

Practice effective commodity risk management

Identify, quantify, and mitigate exposure to foreign-exchange and commodity price risks – and better navigate commodity procurement and sales processes.

•  Get analytics views into risk positions, calculations of mark to market, and value at risk

•  Create and update commodity risk positions in real time

•  Monitor and cut price risks from core business operations with appropriate hedging

Debt and Investment Management

Implement strategies that cut borrowing rates and investment costs – and fuel profitable growth

Optimize capital structure and get competitive interest rates on short-term debt financing – by balancing debt trade-offs against equity, risk, and returns.

•  Automate transaction posting and position reporting

•  Quickly generate financial compliance reports

•  Gain timely insight into available cash to maximize returns on investment

Financial Operations

Run highly efficient financial operations and accounting

Automate and streamline all corporate finance processes within your organization – with financial operations and accounting software from SAP. Our solutions can help you dramatically improve efficiency for accounts receivable and payable, invoicing, travel and expense management, purchasing, and more. Harness real-time insights anywhere – so you can monitor budgets, control costs, and swiftly respond to fluctuating market dynamics.

 







 

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