SAP Business One Integrated, Comprehensive 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 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 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, you can manage cash flow, track budgets, and compare actual and lanned 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, you can handle all your payment processing, including bank transfers, checks, cash, credit cards, and bank reconciliations. It should be noticed that fully complies with SEPA.
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 offers powerful reports, analytics, and tools to help you satisfy the financial analysis and reporting requirements of your business. Withcomplete 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.
It should be noticed that SAP® Business One fully complies with local standard accounting requirements in more than 50 countries. Also fully supports IFRS.