SAP ERP Financials is an application from the full SAP Business Suite. Serving almost any industry and any company size, it is a truly versatile ERP solution. Managing risk, compliance, and governance, SAP ERP Financials is effective at increasing visibility within an organization, as well as reducing costs, keeping workflow organized, and minimizing waste. SAP ERP Financials has vertical-specific functionality for the distribution industry.
SAP solutions can integrate with third-party software as well. In this case, companies leveraging software systems from other vendors can keep these existing investments and combine their functionality with SAP in the distribution industry. Even as a fully-functional ERP product, SAP for Distribution delivers complete tracking, management, analytics, reporting, compliance, and collaboration processes.
As profit margins slowly shrink and the pressure to deliver efficiently increases, professionals in the distribution industry will benefit meaningfully in their planning, procurement, warehouse management, order management, and other obligations when they leverage the SAP for Distribution system. This system works well for both mid-sized and large businesses in this industry who want to quicken the pace and efficiency of sales order processing, make customers happier, and improve other general aspects of their business operations. Further drilling down beyond just overall distribution, the system serves the specific needs of companies involved in food and beverage, healthcare, high-tech, and industrial markets.
SAP’s flexibility is derived in part from its service-oriented architecture (SOA), which encourages business-specific functionality and allows interoperation of services. In addition, SAP leverages its NetWeaver technology platform, which allows users to extend their applications across the networks of their customers’ businesses. SAP has an extensive community network of partners and customers that supports the development of additional functionality for many different industries.
Alexis from Fine Tune
Specialty: Other goods
Employees number: 51-200 employees
This user interface looks like it is out of the 1980's. They have not been innovative within this aspect of the software at all. The system is also very picky and you have to do everything perfectly or else your whole process will be ruined and incorrect. It is not easy to learn how to use either.
Bad user interface, hard to learn
Go with Oracle instead
Bao from One2Send Logistics & Warehouse
Specialty: 3rd Party Logistics (3PL)
Employees number: 2-10 employees
The product, itself, is really simple to use. They are trying to integrate more and more functions that suitable to inventory management. However, I personally love the price, we be able to use it with lower cost and full function. We love the fact that the company take customer serious and always there when we need assists. I would love to recommend this service to any start-up business to control their inventory system
- Simple and easy to use
- Good interface
- Run smoothly without any lag or system problem
- Not a lot of function for warehouse inventory control
- Some equipment go with the system is expensive
- Update without notice
Better use customs service where you can find the fittest service to you
Katiuscia from K3M, llc
Employees number: 201-500 employees
My company is using this specific software for a Glass bottle Manufacturer and SAP serves as a big help for such. Being a manufacturer demands inventory be extremely organized and our supply chain work smoothly and SAP is the main software we use for such; which is extremely efficient.
The latest technology in a flexible and easy-to-use format.
There is a lot of information which can be overwhelming at first.
Make sure to get in contact with customer service when you have an issue as they will help you get a resolution much faster than wanting to figure things out on your own.
Todd from Eclipse Aerospace
Specialty: Other goods
The integration that SAP offers is extremely well done compared to other ERP software packages available.
Due to the integration and flexibility to configure SAP to fit many different business processes, SAP is not the most intuitive program to learn for new users.
Try and see past the lack of intuitiveness in the software. The integration with other modules makes it a very powerful tool (once the learning curve is behind you).
Philipp from Austrian Federal Economic Chamber
Employees number: 1,001-5,000 employees
The emcompassed functionality and possibility to adapt. Apart from financial we widely use it as a controlling tool.
The user interface is not very attractive and doesn't make one "want" to work with it. Controlling is organised verticaly - it would help if mixed projects could be implemented (cost across, vertically and horizontaly)
daniel from Argos
SAP Financials is a tool for the financial control of a company, it has worked for me to get an order and a real organization of the accounting and administrative part of the company. The software can be more practical and easy to use.
Frank from MK Metallfolien GmbH
If you use SAP Financials together with other SAP modules like MM, PP and CO you have a fully integrated ERP Software. The drilldown functionality helps you to understand and to analyse the different processes in your company. If you are used to work with Excel for analysis it is not longer necessary with SAP financials, because the standard reports give you a lot of information. They can be easily adjusted for all kinds of adhoc queries. Even if this is not enough you can implement SAP BI for more taylormade analysis. Every module costs money, often based on amount of users that work with it. So the SAP license modell makes sense from mid sized companies onwards. For small businesses are often much cheaper acounting solutions available. It is very important to take for the master data maintenance otherwise your reports and analysis may show wrong conclusions. For every SAP module a key-user in every entity/company has to be defined.
Mohammad from Hitachi Consulting
Employees number: 501-1,000 employees
SAP's Transaction Manager offers a streamlined and efficient process for tracking of and accounting for intercompany loan system in an efficient way. Transaction Manager module within SAP's Treasury and Risk Management functionality.
SAP Asset Accounting (FI-AA) and allow tax depreciation adjustments to individual asset record process made easy.
Public Sector Collections and Disbursements (PSCD):
PSCD, also known as Tax and Revenue Management, allows us to process mass transactions for receivables and payables. PSCD is designed to fit the needs of Public Sector organization for tax collection, business license, and property tax collections.
Public Budget Formulation (PBF): PBF is the latest development of SAP within Public Sector in order to provide Public Sector clients a superior budgeting platform for operating, capital and personnel budget preparation. EPI-USE signed a PBF Partner Agreement with SAP, which gives EPI-USE direct access to the SAP PBF development team
EPI-USE service offering includes SAP Financial for Public and Private Sector entities.
Besides the core SAP Financial applications, such as General Ledger, Accounts Payable, Accounts Receivable and Treasury, EPI-USE specializes on Public Sector applications, such as Funds Management and Grants Management.
Sharla from Cutting Edge Physical Therapy
I used this product early on in my career. I found it easy to use and it provided the information I needed.
Wing from WKG consulting
Employees number: 5,001-10,000 employees
Must understand your business to properly configure your system properly. Once properly configured, there are many built in reporting functions.
Cost is expensive to maintain.