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Overview

mySAP ERP Financials provides a complete financial management solution for a broad range of industries. It's the leading enterprise software solution for accounting, financial reporting, performance management, and corporate governance.

With mySAP ERP Financials, you can transform finance from an administrative department into a strategic business partner. One that provides deep operational insight, unifies strategic action, and measures results quickly.

The software solution offers depth of functionality in accounting, reporting, analysis, financial supply chain, and treasury management. Robust financial and management reporting, plus internal controls and documentation of all financial processes and transactions, ensures the highest levels of business analysis and governance.

mySAP ERP Financials provides industry-leading support for local market requirements, languages, and currencies. It also supports a broad range of industry-specific processes and is compatible with all SAP industry solutions. Its scalable and open architecture is built for multinational organizations and connects financial management with existing business systems.

mySAP ERP Financials powers the highest-performing finance organizations in the world. It offers a unique advantage to companies by providing market-leading financial management tools that work harmoniously with your operational systems.

mySAP ERP Financials: Features & Functions

mySAP ERP Financials gives you a complete, end-to-end solution for financial management to meet the needs of finance and accounting managers, IT professionals, and senior executives. The solution delivers features and functions to support the following business activities:

• Financial and management accounting - New general ledger functions support legal financial reporting, managerial and segment reporting, International Accounting Standards, parallel sets of books, profit center maintenance, allocations, and planning.
• Corporate governance - Internal controls, an audit information system, support for whistle-blowing, and enhancements to accounting and financial reporting enable you to revamp your entire approach to corporate governance. You can reduce the administrative costs of achieving compliance with current and emerging financial reporting standards.
• Financial supply chain management - Credit, collections, dispute resolution, electronic invoicing, electronic payments, in-house banking, cash, treasury, and risk, and bank-relationship management can be integrated as one seamless set of processes to improve your control of working capital and cash flow.

mySAP ERP HCM: Business Benefits

mySAP ERP Financials provides you with the most comprehensive global financial management solution available today. With mySAP ERP Financials, you gain the following benefits to ensure compliance and better predict business performance:

• Improve corporate performance - mySAP ERP Financials gives you the ability to quickly read, evaluate, and respond to changing business conditions with effective business strategies - such as defining financial targets, developing a suitable business plan, and monitoring costs and revenue during execution.
• Achieve faster closes - With mySAP ERP Financials, you can streamline consolidation, process scheduling, workflow, and collaboration.
• Improve corporate governance and transparency - mySAP ERP Financials provides broader support of accounting standards, federal regulations, and improved administration of internal controls.
• Shorten days sales outstanding - mySAP ERP Financials automates dispute, credit, and collections management - and offers electronic invoicing and payment capabilities that supplement traditional accounts receivable and accounts payable functions.
• Optimize global cash management - With mySAP ERP Financials, you can report, analyze, and allocate cash in real time, and establish in-house banks or payment centers.
• Improve financial and managerial reporting - mySAP ERP Financials gives you the flexibility to report performance by business unit, organization, or cost center.
• Improve process integration between finance and treasury - With mySAP ERP Financials, you can integrate risk and treasury transactions with core accounting and financial reporting processes.
• Make finance costs more competitive - mySAP ERP Financials helps you innovate processes, collaborate with supply chain partners, and establish global shared-service operations