SAP Finance Automation
Finance automation initiatives are becoming ubiquitous in today’s connected, digital world.
For many SAP finance organizations, there’s no question as to the need for an automation platform – it’s about selecting the right one that eliminates slow, manual processes, and improves data quality, governance, and compliance. All while offering the flexibility and scalability to grow and change with their business.
If you’re ready to drive better, faster, and more efficient digital transformation throughout SAP finance, we’re here to help you conquer your biggest challenges.
Adapting to ever-changing needs
Your business isn’t static, and your automation platform shouldn’t be, either.
For record to report (R2R) teams, that means you need a dynamic solution that delivers a complete set of capabilities – ranging from desktop automation to centralized workflow management, with the perfect combination of data management and process automation that delivers speed, agility, higher data quality and better governance.
You need a solution that solves automation challenges throughout the various areas of the R2R process, including:
Poor data quality, complex account creation processes, and strict governance needs make G/L master data some of the most difficult to manage in SAP, and each organization is unique.
A flexible automation solution is key to meeting your business where it’s at, and provides the option to choose the best type of automation for each of your G/L processes.
Managing day-to-day journal entries manually is tedious, slow, and error-prone – particularly during the month-end crunch.
Start streamlining those processes by deploying desktop automation or implementing our Enterprise Journal Entry Solution to manage massive amounts of financial data – all while improving governance, data quality, and employee productivity.
Often involving some of the most complicated processes in finance, reconciliation is ripe with opportunities for automation, and a platform supporting many specific reconciliation scenarios is crucial. Precisely Automate’s ability to link scripts and perform a “round-trip” – where data is extracted from SAP, transformed, compared or changed, and then reposted to SAP – has proven particularly valuable to customers.
The period end financial close often means long hours and late nights for finance and accounting staff members. With countless administrative tasks and the associated transactions needed to complete these tasks, the complexity of closing compounds an already tedious process.
Through automation, you can speed up these transactions, improve data quality for fewer corrections, and govern processes for better audit performance – all leading to a more efficient close. In fact, some of our customers reported seeing 30-50% efficiency gains in their closing process after automating their transactional activities.
in many companies, ad-hoc reporting is still a manual process involving routing, reviewing, and approving Excel files via email chains. This process creates a significant risk of reporting inconsistencies, file corruption, and the inability to track file movement and changes, creating considerable risk of audit failure.
Eliminating those business hazards through our dedicated SAP automation enables you to extract data from SAP for reporting and analysis, govern reporting files through review and approval workflows, and simplify audits.
“We don’t ever want to go back to our lives before Precisely — especially with how easy it’s made annual statements!”
From complicated to customizable
Asset accounting involves some of the most data-heavy, complicated, recurring finance processes in your business.
Asset accounting teams are tasked with updating data for massive numbers of assets – and doing so manually means an arduous undertaking where data errors and governance issues can easily create problems down the road.
Our flexible, scalable SAP automation platform will speed up asset accounting processes, improve data quality, maintain compliance, and give team members more control over time-sensitive activities.
And, more complex asset creation and management processes are simplified as well. Procedures, such as assets under construction, that require input and validation from multiple users, or that need to create new equipment in SAP automatically, can make use of business-friendly and role-based forms that enable distributed teams to contribute specific data in a governed, step-by-step process.
Accounts Payable (AP)
CFO’s consistently rank vendor invoices as one of the processes most in need of automation – and for good reason.
Invoice processing inefficiencies, matching and data entry errors, and duplicate payments are just a few of the struggles encountered regularly for AP teams working with manual processes.
Transform these issues with automation and see powerful results, including:
- Managing vendor master data with more speed, while simultaneously improving data quality, compliance, and governance
- Eliminating large portions of manual matching with a system that enables you to match invoices with PO’s automatically and post matches to SAP, while alerting you to non-matches
Accounts Receivable (AR)
The Order-to-Cash (O2C) process can be difficult to manage due to all of the moving parts and input required from various departments. And, when issues arise with cash collection, errors often take considerable effort to correct.
When O2C is done efficiently, it can lead to increased revenue and greater customer satisfaction. For AR, improving the process means employing a dynamic automation solution that optimizes customer account management, streamlines sales order processing, and eliminates time-consuming manual processes.
One solution, many uses
Automation is imperative for SAP finance and accounting organizations, yet many of them struggle to effectively automate complex processes.
Our Automate Studio and Automate Evolve SAP automation platforms supports finance digital transformation efforts ranging from simple desktop automation of mass data updates and changes to complex process automation for activities that cross multiple departments or have strict compliance and governance requirements.
In other words, it’s one flexible automation platforms for many uses.
Get started today to be on your way to faster processes, better data, and increased agility to meet changing business needs – it takes only one investment to complete an automation transformation across your SAP landscape.
Protect your resources: reduce costs and save time
The efficiency of your SAP financial shared service center can be hindered by a variety of factors.
When we talk to customers, the top three desired process improvements that we hear about are:
- Reducing cost per transaction
- Automating manual tasks
- Improving business process inefficiencies – such as receiving requests via email or even text message
If those are resonating with you, we’re here to help.
Our SAP automation platforms deliver streamlined, high-performance delivery mechanisms for data collection, review, and processing, enabling users to simplify, standardize, and automate key business processes to meet service level agreements – all at a lower cost per transaction.
Enable your teams to process more SAP transactions faster, with better data quality and higher compliance, while driving greater efficiencies across your organization.