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Get a grip over SAP Business ByDesign for the Finance industry

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Thanks to its industry-oriented solutions, SAP Business ByDesign’s Finance module has been the favourite of many. As a result, every industry can benefit from it immensely.

It has been used globally, thanks to its effective features that would cater to all your business’s finance management needs. So what are the top features available in it? Let’s take a look at it keenly.

What is SAP Business ByDesign?

SAP Business ByDesign is a comprehensive, cloud-based ERP system that helps small and midsize businesses manage their finances, operations, and customer relationships. It offers a wide range of features and capabilities, including:

– Financial management: streamline your financial processes, including budgeting, forecasting, and invoicing.
– Sales and marketing: manage your sales pipeline, create and send marketing campaigns, and track customer interactions.
– Operations management: streamline your production processes, manage inventory, and track shipments.
– Customer relationship management: manage customer data, track customer interactions, and create customer profiles.

Cash and Liquidity Management

Every midsize company can efficiently meet the cash flow deadlines that are laid in front of them. SAP Business ByDesign implementation is the right choice to achieve high-end transparency in your company’s liquidity position.

You can handle the cash flow information you receive from receivables, payables and taxation, and liquidity and payment management. Streamlining the daily cash management cycle when you collect and aggregate the information automatically would be possible. You can cover the cash flow management cycle directly from the liquidity snapshot to the way of forecasting.

Also, You can analyse different steps via optimized cash flow, from cash flow to money transfers, with the assistance of iQuantM technologies, an SAP Business ByDesign implementation partner.

Fixed Asset Management

The fixed asset management business scenario would allow businesses to manage their fixed asset accounting. You can easily cover the entire fixed assets life cycle, from purchasing to selling and asset retirement.

This solution would let you value all your fixed assets to the principles of tax-oriented valuation, cost accounting, and statistical, local, and international valuation.

An SAP Business ByDesign implementation partner in UK would allow you to enable continuous compliance with country-oriented regulations. Via fixed asset lifecycle. You can calculate the depreciation values and post them automatically.

Financial Closing

The business scenario involving Financial Closing and SAP Business ByDesign integration in UK would help everyone perform financial period-end closing activities to ensure correct financial statements, like Income statements, Balance Sheets, and Cash Flow Statements.

We perform many other relative closing activity lists and the finest SAP Business ByDesign implementation service in UK per the company’s scope. So you can adapt it as per year-end or month-end closing requirements.

Your accountant would prepare your closing activity by enabling operational transactions you enter into your system. It can be paying or entering invoices, and it might involve an SAP Business ByDesign implementation partner in UK.

It can also involve performing your physical inventory counts. Your closing cockpit can support all the legal requirements. It would also reduce the risk when you might take vital steps or involve wrong timing.

While your accountant would perform all the periodic valuation tasks like foreign currency remeasurement or asset depreciation, you can allocate all the revenues and costs to the right periods. It would involve more compliant financial analysis and report.

Expense Reimbursement

Every small and medium company would look forward to ways to reduce their overall travel expense. You can also automate and streamline your reimbursement cycle through an SAP Business ByDesign implementation service.

You can involve country-oriented reimbursement rates through standard configuration, which you can adopt to your company-oriented expense policy. Integrating this process with Employee Self Services, Human Resources, Payment Processing, Manager Work Center and other projects is highly beneficial.

And such processes are possible when iQuantM technologies perform the SAP Business ByDesign implementation service in UK.

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