When part of a global organization, the role of the CFO becomes more and more strategic. Effectively managing the closing and reporting process is not only of vital importance of a company’s own performance, it is often a mandatory part of corporate headquarter rules and regulations to which a company simply must comply.
While the target deadlines keep decreasing, the demand for accurate and insightful information is not. As the closing process is the moment to recognize, analyze and when necessary correct your balances, this process must be supported by easily accessible reporting and extensive controlling mechanisms. Additionally there is an increasing pressure of internal and external stakeholders, industry regulators and special interest groups to ensure smooth, accurate and in-depth reports.
The fast close process is often experienced as a recurring burden for the finance department. This highly stressful and pressurized period which is paralyzing parts of your organization is therefore a key candidate to manage effectively with SAP Business ByDesign Software.
Fast close with SAP Business ByDesign
If you recognize the following topics:
- Shortening corporate deadlines pressuring fast -close processes.
- High organization costs of month-end closing processes due to resource absorption at the expense of the real value added business processes.
- Increasing pressure of stakeholders, regulators and industry special interests groups which demand fast, accurate and in-depth reporting.
SAP Business ByDesign, an out of the box comprehensive cloud ERP solution, can help you overcome these challenges.
The key words representing SAP Business ByDesign are:
- Simple: Simply in operation – Simple in integration
- Insightful: Transactional and Analytic data in one
- Structured: Task driven – Workflow driven
- Run anywhere and on any device
itelligence supports you
The experiences gained in the various implementations lead to best practices and expertise of our consultants to recognize and understand the challenges which companies face. As itelligence we value business consultancy above system implementation to make sure that your organization can focus on its value added business processes.
Interested? Please contact us!