A great benefit of an ERP system is that it’s fully integrated which allows companies to run their entire operation, including their accounting and finance sections, from within a single system. In this blog we focus on 3 ways SAP Business One enhances the financial management process.
Save time and make life easier for your team by designing processes to automate tasks. SAP Business One provides the automation and best practice processes to eliminate duplication of effort and to make life easier for the team. You can easily automate the handling of all key accounting processes such as journal entries, accounts receivable, and accounts payable. You simplify the management of your fixed assets with a virtual function, eliminating the need for repetitive manual data entry.
Use real time information for quick and accurate decision making. Is it easy to create standard or customized reports from real-time data to improve your business planning and audit review processes. Single click reporting, BI and analytics functions can be tailored to your business requirements and allow you to mine your data and make previously difficult decisions crystal clear.
Manage your data. Big data is here! We are receiving data from a number of different. As SAP Business One covers your entire business process, it enables you to make data-driven decisions and incorporate new business signals into human and machine workflows, and drive growth and profit through innovation.
You need to manage a number of priorities to ensure business success. This can be done by implementing the right technology solution to get a 360-degree view of the business and put routine tasks on autopilot.
SAP Business One gives you access to a “single source of truth” across the entire organisation, in real time. Managing the finance department and balancing cash flow, budgets and forecasting and a whole lot more can be streamlined with SAP Business One.