As a financial leader, in addition to undertaking daily financial work, you also shoulder the responsibility of planning for the future. Enterprises need you to continuously improve efficiency, control expenses, reduce costs, and increase return on investment to drive business growth in a cost-effective manner. However, the limitations of traditional systems have limited the development of enterprises.
Relying on decades of professional knowledge accumulation, SAP has launched a cloud solution for the future, aimed at helping you optimize the operations of your finance department, continuously improve processes, promote business growth, and stand out in the industry.
Achieving business growth requires significant investment, but with the help of SAP ERP public cloud, you can drive enterprise development while reducing operational costs.
1、The SAP S/4HANA Cloud adopts a unified data source to support transaction processing and analytical processing, which helps improve data quality management while reducing the time required to generate reports.
2、All ledger information is stored centrally, so data can be quickly moved, allowing you to accelerate financial settlement and even support instant settlement.
3、Industry specific excellent practice processes, combined with AI, machine learning, and robot process automation technologies, can automate existing manual financial processes, improve work efficiency, and do not increase indirect costs.
4、Multiple end-to-end business scenarios, including order to receipt, purchase to payment, record to report, etc., targeting 25 industries, can help you improve business operational efficiency.
5、Digital assistants can help financial users complete their work faster, execute plans more accurately and quickly compared to reality, analyze differences, and settle financial statements.
6、The intelligent situation handling function will remind users to pay attention to urgent issues, and will also provide follow-up action suggestions and automatically solve problems, so that you can solve critical business problems faster.
In addition, smarter, faster, and more accurate reporting functions can help you gain a deeper understanding of the factors that affect profits and the achievement of the company’s sustainable development goals. For example, with the built-in financial reporting tools of SAP S/4HANA Cloud, you can comprehensively manage budget, forecasting, and sustainability affairs, gain in-depth insight into key factors affecting profitability, including customers, products, and channels. Embedded analysis functionality is used in business processes to obtain detailed real-time insights and make informed decisions, shifting from providing analysis to taking practical actions. Through predictive financial tools and future accounting simulations, accurately predict financial settlements, gain insights into challenges and opportunities, and achieve outstanding performance. Integrating environmental, social, and governance (ESG) factors into financial statements can help you fully understand the impact of business decisions.
SAP ERP public cloud not only provides technology, but also enables you to gain a deep understanding of basic processes, analyze process performance in real-time, and benchmark the analysis results against industry benchmarks. After mastering this information, the finance team can continue to deliver better business results for the enterprise.
1、Integrate financial, personnel, and operational data, and integrate planning, accounting transactions, and legal/management consolidation processes into one system, shifting from calendar based settlement to ongoing accounting.2、Integrate financial and operational activities, including financial planning and analysis, provide KPI comparison results for different enterprise entities, profit centers, departments, and locations, and comprehensively understand the business situation of the entire enterprise.
3、Create and associate financial plans, operational plans, forecasts, and budgets to make smarter decisions and deliver integrated strategic plans across business domains.
4、Utilize AI processes customized for finance, sales, customer service, procurement, and HR departments to overcome complex business challenges.
For enterprises, migrating from traditional systems to the next generation ERP cloud is no longer optional, but a necessary condition for maintaining competitiveness. SAP and Acloudear will provide customized evaluation tools and next-generation service support to ensure smooth and seamless migration of financial systems to the cloud. This will become the first step in your transformation journey, allowing you to operate mission critical businesses globally, ensuring global compliance no matter how regulations and tax regulations change.
1、Meet the IFRS and GAAP reporting requirements of international and different countries and regions.
2、Utilizing built-in localization capabilities for 43 countries and regions, 27 languages, to drive business compliance development, while providing local tax reports, country charts of accounts, statutory reports, and other necessary reports, quickly realizing value.
3、Protect your sensitive business data with embedded network security technology and automated data protection measures.
4、Quickly implement extended components and applications to address new requirements, processes, or pain points without disrupting ongoing ERP cloud processes.
Let enterprises become industry leaders and continue to meet current and future needs, then from now on, break barriers, break restrictions, and reform and innovate. If you want to achieve global business growth, you also need a cloud partner who continues to create value for customers. Acloudear Network, as a staunch supporter of SAP ERP public cloud, has always been committed to providing high-quality SAP cloud solutions for growth enterprises, promoting digital transformation, and accompanying enterprise growth.
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This article "Implement a solution for financial leaders" by AcloudEAR. We focus on business applications such as cloud ERP.
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