SAP Management of finance

The SAP application of Bank Communication Management which is a part of the SAP solution "Management of Finance" will help the companies to solve these problems by integration with the systems of banks. SAP solutions allow to improve payment process, to control permissions to payment for the purpose of optimization of cash flows, to implement a layered design of a statement and to book audit.

Increase in integration in relationship of business partners and data exchange — the key to success for effective interaction between the companies. SAP application of Information Interchange by Crossgate contains the built-in profiles of business partners that allows them quickly and to effectively perform electronic trading and electronic invoicing.

Timely and exact processing of supplier invoices and effective processes are important for success of business. Invoice Management SAP application from Open Text helps to process quickly invoices, to make payments in time with observance of regulatory requirements, to eliminate risks of obtaining inexact business information.

SAP solutions increase efficiency and transparency of business by complex automation of activity of departments of work with accounts payable, beginning from obtaining the invoice and its processing, and finishing with payment.

Traditionally functions of divisions on work with accounts payable were considered as exclusively technical: these departments only control timely payment to suppliers for goods and services. The strategic component of activity of divisions of accounts payable for the present only forms. A task of these departments — increase in transparency of business by elimination of the processes based on work with paper documents, and automation of support functions. It opens a new era in area of cost reduction, management of cash flows and improvements of vendor relations.