SAP ERP Core Finance Software


 

Over 30,000 companies, spanning 120 different countries, are using SAP ERP Financials to conduct their financial management.  Noteworthy names include General Mills and Office Max. SAP ERP Financials is a part of SAP’s Business Suite, an application that acts as a horizontal solution for nearly any vertical industry or company size, including multinational corporations.

Functionality includes financial management, risk analysis, and compliance. The modules of SAP ERP Financials perform core accounting and reporting, management of accounts receivable, shared services, and other functions. Receivables management is particularly effective, as this component of SAP ERP Financials allows companies to investigate the causes behind late payments to claim revenue more quickly and decrease days sales outstanding. This boon to revenue is a concrete example of how the system delivers return on investment to its users.

With its management accounting functionality, the system also allows analysts and managers to interact with the same data as company accountants. This improves financial communication across the enterprise. The standard financial accounting capabilities of the system allow financial statements, fast close functions, and parallel valuations in addition to the usual General Ledger support.

SAP ERP Financials conforms to the most important industry standards, including GAAP and IFRS. Treasury applications support risk management functions and integrate with the General Ledger to ensure compliance with regulations and financial reporting standards. The system can support internal banks and payment centers to perform sophisticated cash allocation and analysis. There are 45 country-specific versions of SAP ERP Financials available - a testament to its widespread popularity.

 

SAP ERP Core Finance - Analytics
 
  • SAP ERP Core Finance - Analytics
    Analytics
Supported Operating System(s):
Web browser (OS agnostic), Mac OS

2 Reviews of SAP ERP Core Finance

 

from Tennant Company
Specialty: Manufacturing
Size of portfolio: 101 or more users Portfolio size: 101 or more users

My SAP ERP Experience

Ease-of-use

Functionality

Product Quality

Customer Support

N/A

Ease-of-use
Ease-of-use
Functionality
Functionality
Product Quality
Quality
Customer Support
Support
Likes Best

SAP is fairly easy to learn and use. It meets my needs for getting my job done.

Likes Least

The user guides could be improved to make it easier to find out how to accomplish a certain task.

Recommendations

Although I did not have any control over the implementation of the software, I would recommend it for manufacturing companies. It can be customized for the individual needs of the company.

 

from Eclipse Aerospace
Specialty: Manufacturing
Size of portfolio: 101 or more users Portfolio size: 101 or more users

IT manager responsible for product

Ease-of-use

Functionality

Product Quality

Customer Support

Ease-of-use
Ease-of-use
Functionality
Functionality
Product Quality
Quality
Customer Support
Support
Likes Best

It allows a lot of flexibility because of the complexity of the setup. Revenues and costs can be tracked in many dimensions.

Likes Least

The complexity also takes quite a bit of setup, maintenance, and training.

Recommendations

You need an integrated ERP system so that real P&L analysis is possible. SAP is one of the first that comes to the top. They are all complex and expensive, but take into account the skills you'll be able easily hire. Not all software has a large available pool of talent.

 
 
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