SAP Business One is an all-in-one ERP solution. The solution has a range of powerful financial management tools to control and automate all of your key accounting processes. This helps growing SMEs simplify and streamline everyday accounting and financial management tasks.
There are more than 70,000 SMEs globally whose finance teams rely on SAP Business One daily to manage, control, and track critical operations. The systematic nature of the solution is guaranteed to help you reduce inefficiencies in your finance team. You can automate standard processes and remove data duplication by managing your accounts at the click of a button.
Financial Management tools in SAP Business One
Unlike other solutions where add-ons are required to complete everyday SME tasks, SAP Business One comes complete with a range of powerful, out-of-the-box functionality for users to manage tasks powerfully. Here’s a selection of what’s included:
Accounting
Predefined or customizable chart of accounts templates
Easily complete accounting transactions, such as journal entries and recurring posting
Process multiple currencies for accounts payable and accounts receivable
Generate new balance sheets and monitor your profit/loss alongside other reports
Simplify fixed asset management
Cost Accounting
Create, monitor, and manage budgets across your business
Automate customer reminders for outstanding invoices and take payments
Control, monitor, and manage direct and indirect expenses
Track revenues for multiple cost centers, branches, or external business units
Set distribution configuration for automated revenue and expense allocation
Monitor fixed asset depreciation via multiple methods
Banking and Reconciliation
Process cash, cheque, electronic bank transfer, and credit control payments
Complete bank statements and automatic reconciliation of ledgers
Track and control multiple accounts receivable and automatically pay batch invoices
Generate payment reports
SAP Business One Financial Reports
One of the critical drivers of upgrading to SAP Business One is having the ability to manage all aspects of your business within a centralized solution. You no longer have to juggle data between disparate solutions, which makes reporting difficult, time-consuming, and often inaccurate.
Because all of your data is stored centrally in a single database – effectively providing one version of the ‘truth’ - your finance teams will be able to streamline the time spent on month-end closing and quickly generate important managerial reports. With this accurate insight at your fingertips, you’ll be able to answer the questions your business is asking and make more informed decisions to drive profits with real-time dashboards and reports helping you make informed decisions.
