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):
Mac OS, Web browser (OS agnostic)

82 Reviews of SAP ERP Core Finance

 

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Software Advice Reviews (7)
More Reviews (75)

Showing 1-7 of 7

Kevin from Technology
Specialty: Software / Technology
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Perfect product with right additional tools.

Ease-of-use

Functionality

Product Quality

Customer Support
N/A

Overall very simple to use. All the normal tools you need are there. If anything, there are a few too many tools - sometimes have to search a lot to find what i'm looking for. We use BPC as our Excel report tool.

Key for journal entries, use third party tool GLSU.

Pros

Everything option you need is there.

Cons

Need 3rd party tools to make it complete.

 
 

Michael from ConocoPhillips
Specialty: Oil & Gas / Energy
Number of employees: 10,000+ employees Employees number: 10,000+ employees

November 2016

November 2016

Powerful and Stable but user hostile.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

SAP ERP is very useful but does take a steep learning curve like most SAP suites.

 
 

Rob from BUS
Specialty: Education

September 2016

September 2016

Hard to install hard to use

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Likes Best

Not much. User experience has been bad and it takes longer to implement than advertised. Its been a bad experience all around.

Likes Least

No ease of use, customization is poor. Time to run transactions is slow.

Recommendations

Ask for user testimonials in your specific space. We got user experience in other verticals and it did not translate well

 
 

Mike from RigMaster power international
Specialty: Manufacturing

October 2015

October 2015

SAP is over rated beside extremely weak in accounting functions

Ease-of-use

Functionality

Product Quality

Customer Support

Likes Best

ERP functionality is easy process and covered all aspects of the process

Likes Least

Extremely weak taxes and accounting functionality
Seprate model and different supplier for payroll
Many bugs in printing
Limited number of letters for items descriptions
Limited to no warranty functionality
Customer service and support is poor
Limited control over the purchased licences.

Recommendations

Do not listen to anyone sales people. They claim many things that is not true. Read and talk to more than five of their customers in similar industry.

 
 

Juli from Servco Pacific Insurance
Specialty: Retail

June 2015

June 2015

Review of SAP ERP Core Finance

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Likes Best

Robust system; powerful features. Was able to provide efficiencies with the payment process, easier to research and identify the underlying transactions when performing analytical reviews. Had strong capabilities for complex consolidation structures and multi-country currencies.

Likes Least

Complex and time consuming conversion process. Required a lot of time during the testing and researching mapping issues phases of the conversion. Important to have a well-trained superuser in each location that can assist other team members during and after the conversion process. Because the system has so many features, there are also a lot of new things to learn.

Recommendations

Hire conversion resources who are dedicated and have prior knowledge of this system. Implement in phases due to its complexity and tendency to overwhelm finance team members. Prioritize what can be done in later phases so that that users are not ovewhelmed with too many changes. Once the system is in place, it delivers what you need.

 
 

Linda from Tennant Company
Specialty: Manufacturing

February 2015

February 2015

My SAP ERP Experience

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
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.

 
 

David from Eclipse Aerospace
Specialty: Manufacturing

February 2015

February 2015

IT manager responsible for product

Ease-of-use

Functionality

Product Quality

Customer 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.

 
 
 
Showing 1-20 of 75

Pooja from Spicejet
Number of employees: 5,001-10,000 employees Employees number: 5,001-10,000 employees

October 2017

October 2017

SAP ERP incorporates the key business functions of an organization.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

In case the product is out of stock, the sales team approaches the Production Planning Department to manufacture the product

Pros

SAP system consists of a number of fully integrated modules, which covers virtually every aspect of the business management.

SAP is #1 in the ERP market. As of 2010, SAP has more than 140,000 installations worldwide, over 25 industry-specific business solutions and more than 75,000 customers in 120 countries

Other Competitive products of SAP Software in the market are Oracle, Microsoft Dynamics etc

Cons

Client contacts the sales team to check the availability of the product
Sales team approaches the Inventory department to check for the availability of the product

Source: Capterra
 

Don from Frontier

October 2017

October 2017

Good product after you get used to it.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Pros

More standard reports and features than you'll ever need. Drill down functions and shortcut keys also make navigating very time efficient.

Cons

Very difficult to use at first with shortcut keys. Not easily modified and custom reports require a programmer to create.

Source: Capterra
 

Brian from DANWOR Consulting
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2017

October 2017

The best ERP!

Ease-of-use

Functionality

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It is the best ERP that every company must have.

Pros

It is a great ERP. Is is integral and every company process is connected. It has industry templates that makes the start up easy for new companies in SAP.

Cons

Sometimes the ECC look and feel is not the best, however you have a lot of information to find what you are looking for,

Source: Capterra
 

Jessica from Netafim

October 2017

October 2017

ROBUST!!!

Ease-of-use

Functionality

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Customer Support

Value for Money

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Pros

I love how much you can get done with this software! So many nooks and crannies for information. Perfect tool in a manufacturing environment.

Cons

Though it is quite a steep learning curve, once you get well trained it's quite the beast of a tool. It took me about a month of training to get the modules down.

Source: Capterra
 

Chris from MCR Safety

September 2017

September 2017

A multi faceted software with an abundance of data points

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
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Quality
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Pros

Drill down features are endless. You can find as much information about the data you are searching

Cons

The vastness of the user menu and the ability of not having a web based version. Currently have to login thru Citrix.

Source: Capterra
 

Mark from Applied
Number of employees: 5,001-10,000 employees Employees number: 5,001-10,000 employees

September 2017

September 2017

Not user friendly - too many steps to process transactions

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
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Quality
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Pros

Easy to find employees familiar with the product product knowledge in the workforce. Proven track record of working in large companies

Cons

Too much training involved to use. Need to custimize software to use efficiently. Other softwares are more defined out of the box.

Source: Capterra
 

Dilip from POWER GRID CORPORATION
Number of employees: 5,001-10,000 employees Employees number: 5,001-10,000 employees

August 2017

August 2017

SAP is the tried and tested in erp, is the best erp software i have ever used

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Quality
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efficiency improvement while handling material management related tasks.

Pros

there are different modules in sap erp, i use MM and SD modules. the Material management module is very user friendly , you can get reports like billed quantity, invoiced quantity, material in store, transfer goods from one store to another. Its all real time data updation and its very reliable.

Cons

sap erp is a little complicated software , it takes time for you to get accustomed to the interface.also many times you do not use the full features available. Also, it is industry specific and may not be wholly customised to suit the individual needs. But overall it is the best in erp,

Source: Capterra
 

Corey from IMM
Number of employees: 51-200 employees Employees number: 51-200 employees

August 2017

August 2017

This ERP is excellent and helps with planning & forecasting.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Easy to use. Helps with forecasting.

Pros

Excellent software to use in coordinating orders & inventory. It's nice to be able to track finances and helps with planning & forecasting. Being able to use the program for other departments. I like that it can be configured for daily tasks that is very efficient. It is very time saving and can help reduce costs.

Cons

Customization is a requirement to make shortcuts. It would be nice to have more tools from third party sites as you only have the basics. Having to pay for monthly maintenance and upkeep can damper the costs.

Source: Capterra
 

Christian from Scuub

July 2017

July 2017

Not very user friendly

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

SAP offers powerful tools which offer lots of customization.
Reliable and stable system that supports almost every one of our business processes.

Cons

I don't know why SAP is so famous for it's ERP sytem. It sute got better, but it still has such a complicated user Interface. Many processes and workflows could be designed much better.
You have to put so much customization that costs increase dramatically.

Source: Capterra
 

Milton from Triad Retail Construction Inc.
Number of employees: 51-200 employees Employees number: 51-200 employees

June 2017

June 2017

More than 10 successful implementations in different kinds of industries. In time and within budget.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Support

Gain of experience on different business process in several kinds of industries, like retail, pharmaceutical, media, manufacturing, etc.

Pros

It's amazing how this system is capable to change the culture within an organization, enabling it to compete in a globalized world and to achieve corporate and financial goals.

Cons

It requires the allocation of human and financial resources in order to achieve the expected results. Also, is very important to select carefully the SAP implementation partner who will support and guide you during the implementation, from the start to the go live.

Source: Capterra
 

Tom from Grainger

June 2017

June 2017

Large software with features to match

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Usability
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Quality
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Pros

Encompasses entire operations landscape for a company, providing real time updates and information from customer interactions to company Financials.

Cons

Some processes within the software that are supposed to function identically show deviations from eachother

Source: Capterra
 

Diego from Universidad de Montevideo
Number of employees: 201-500 employees Employees number: 201-500 employees

June 2017

June 2017

Very robust ERP system, flexible enough to accommodate to almost every need in our organization

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
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Product Quality
Quality
Value for Money
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Support

Almost all the business processes are covered by the system. Very reliable and stable. Word class support.

Pros

World class tool and support. Very reliable and stable system, that helped us to run almost every one of our business processes on it. As it is widely used, there are plenty of resources available to implement new functionalities and maintain the system.

Cons

It is not very user friendly, at least the client the final user works with. Maintenance cost is high.

Source: Capterra
 

Shaun from Equip Your Kitchen 4 Less
Number of employees: 2-10 employees Employees number: 2-10 employees

June 2017

June 2017

One awesome tool for running my company from end-to-end!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Quality
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Support

I was able to get all of my depts and clients loaded fairly quickly. Reporting from front to back was easy to set up and the I was able to get the right reports when needed to show the "health" of my business

Pros

Set-up was a breeze! It came with many pre-configured business processes that once I got used to the navigation, I was able to set-up all of my depts. in under 3 hours.

Cons

I already had a server in place for my 7 person equipment company. However if you don't have a server, you'r queries and objects will be SLOWWWW. ANd not so much a "con" but their customer support....well I'll leave it at that.

Source: Capterra
 

Loretta from Sanders\Wingo Advertising Inc.
Number of employees: 51-200 employees Employees number: 51-200 employees

May 2017

May 2017

Excellent ERP Program SystemEasy to use

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Usability
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Functionality
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Quality
Value for Money
Value
Support

Having access to inventory at all office made my job when I was a buyer easy.
Invoice blocking for reconciliation help to avoid errors in vendor payments.

Pros

Linking departments and offsite offices
Inventory for all offices available
Easy to use
Reconciles all products and uses

Cons

Blocking of services if one area is not complete

Source: Capterra
 

Greg from Canon Solutions America

April 2017

April 2017

An Excellent ERP System

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

SAP ERP is an excellent and all encompassing system. May not be the absolutely easiest to use but is thourgh and all encompassing an gets the best results.

Source: Capterra
 

Rande from TBC Corporation

April 2017

April 2017

SAP ERP Systems

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Quality
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Overall we struggled with initial implementation but once we were more mature the product performed well and has provided great value to our organization

Source: Capterra
 

Greg from CSA planning and logistics

April 2017

April 2017

Old version but ercellent

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Works great but converting due to corporate buyout. Have no complaints and sorry to have to change rather then upgrade.

Source: Capterra
 

Stephan from Hewitt Equipment
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

April 2017

April 2017

Erp review sap

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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Quality
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Basic functionalities are never enough. You always have to put so much customization that cost increase dramatically

Advice to Others

Go see customers in that business before investing

Source: Capterra
 

Joe from Johnsonville Sausage LLC
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

April 2017

April 2017

SAP is easy to use.

Ease-of-use

Functionality

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Value for Money

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SAP is easy to use. Like that we can save features. The quality of SAP is good. One downfall is when it goes down, it takes awhile to get reloaded. Like that we can program our own programs from the one that are built in.

Source: Capterra
 

Logan from Wheaton

April 2017

April 2017

Not very easy to use

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Product Quality

Customer Support

Value for Money

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Quality
Value for Money
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Support

Wm is outdated, it is not very user friendly. Receiving product is very difficult, i guess i need to move to ewm

Source: Capterra
 
 
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