SAP Business One
Financials Management
As your business grows, so do the challenges associated with managing its financials. Without an integrated and automated financials management solution, increased business complexity can overwhelm your existing financial and accounting processes, giving rise to inefficiencies and inaccuracies that can lead to missed opportunities and lost revenue.
The SAP Business One Financials Management application offers a complete and integrated set of tools to effectively manage and automate all of the accounting and financial processes in your growing company. As the core component of SAP Business One, financials management incorporates all key accounting processes, such as ledger and journal entries, accounts receivable, and accounts payable. The software automatically triggers accounting postings in real time when business transactions occur.
SAP Business One Financials Management supports automatic tax calculations as well as multicurrency transactions. Posting templates and recurring postings further streamline and simplify your accounting processes.
With SAP Business One Financials Management, you can man age cash flow, track budgets, and com pare actual and planned figures at any time to get an accurate and up-to-date picture of your business. You can readily create profit or cost centers and then allocate revenue and expenses according to distribution rules, which are customizable specifically for your business needs.
With the banking and reconciliation tools in SAP Business One Financials Management, you can handle all your payment processing, including bank transfers, checks, cash, credit cards, and bank reconciliations. You can import electronic bank statements and automatically reconcile them. The reconciliation tool also allows you to quickly reconcile incoming and outgoing payments with vendor and customer invoices.
SAP Business One Financials Management offers powerful reports, analytics, and tools to help you satisfy the financial analysis and reporting requirements of your business. With complete integration with every part of your business including sales, purchasing and inventory, you get a clear and complete overview of your business performance and ability to take quick actions.
Quick Tips
- inefficient and error-prone accounting and financial processes due to duplicate data entries and lack of integration between financial data and key business functions, such as purchasing, warehousing, and sales
- inadequate access to the full range of accurate financial information needed to complete month-end closings and make informed business decisions
- Accounting – Automatically handle all key accounting processes, such as journal entries,
accounts receivable, and accounts payable - Controlling (or cost accounting) – Accurately manage cash flow, track budgets, and
compare actual and planned figures - Banking and reconciliation – Quickly process all reconciliations and all bank statements
and payments by various methods, including checks, cash, credit cards, and bank
transfers - Financial reporting and analysis – Create a wide range of standard or customized
financial reports from realtime data for business planning and audit reviews
- Streamlined financial operations – Automate, integrate, and manage all the financial
processes in your company with a single solution, eliminating duplicate entries and errors - Faster closing process – Close your books faster with automated processes and ability
to access accurate and timely financial information - Improved decision making – get a unified financial view of your business by integrating
accounting data with sales, purchasing, inventory, and operational information
SAP Business One Financials Management Features
| Accounting | Controlling (or Cost Accounting) | Banking and Reconciliation |
|---|---|---|
| Implement and adapt predefined chart of accounts templates | Define and manage budgets | Manage incoming and outgoing payments with cash, checks, electronic bank transfers, and credit cards |
| Manage accounting transactions such as journal entries, journal vouchers, recurring postings, and posting templates | Handle payment terms, customer reminders, and cash collections | Process bank statements and perform automatic reconciliation of your ledgers |
| Manage multiple currencies for accounts payable and accounts receivable | Manage direct and indirect expenses and revenues for multiple cost centers | Clear multiple accounts receivable and payable invoices automatically in batches |
| Create balance sheet, profit and loss, and other financial reports | Maintain distribution rules for automated revenue and expense allocation | Print check batches and generate check and payment reports |
| Benefits | ||
| Streamline accounting operations | Manage costs and improve profitability | Automate reconciliation |
| Expedite month-end closes | Forecast cash-flow accurately | Minimize payment roadblocks |
Accounting
SAP Business One handles all your accounting transactions…
Controlling
SAP Business One provides intuitive features…
Banking
With the banking and reconciliation functionality…
Financial Reporting
SAP Business One provides a wide range of financial reports…
Hear it from our customers
“SAP Business One from Leverage Technologies is one of the best IT decisions we have ever made. We now have a solid platform to take us into the future and expand with our business.”
Hans Van Der Velden, Keune Australia & New Zealand“We wouldn’t recommend any other SAP Business One partner. Leverage’s capabilities, their commitment and their honesty to service delivery makes them a cut above the rest.”
Carl Roberts, Radcoflex International“When we were looking for a partner we wanted a company that had very good support and had a very good reputation in the industry and Leverage Technologies are number one.”
Noah Shroot, W9“We would recommend Leverage Technologies 100%. The support offered as well as the relationships that we have built up are really going to put us in good stead for the future.”
Chris Cole, Markris FoodsGET IN TOUCH
Call 1300 045 046 or submit the form below to get a no-obligation consultation and learn how SAP Business One can transform your business.
QUEENSLAND
- Corporate House, 155 Varsity Parade, Varsity Lakes, Robina, QLD 4226
Find our office in Queensland.
