Human errors, fraud prevention, slow processing, data storage, slow internal approvals, late and duplicate payments are just some of the issues that can complicate things in your procure to pay process in SAP. Payable statement reconciliations by BEST SAP is transforming the way companies do business, read our blog to find out more.
With all the risks, errors and fraud, Accounts Payable Teams should keep a firm eye and control on the money that runs out of their business. Bringing all risk and control-related activity into one integrated and automated SAP system, such as BEST, eliminates the manual effort and associated risks and also results in greater alignment of your business with a streamlined process.
How can CFOs find more time to focus on strategically steering the business, instead of being swamped by routine financial management tasks?
Can Balance Sheet reconciliations be performed in SAP? Within standard SAP functionality, the answer is unfortunately no. However, it is not all bad news, there is a new product on the market from BEST which offers automated Balance Sheet reconciliations in SAP.
Whilst you cannot mitigate every risk of enterprise cloud migrations, there are some common and potentially damaging pitfalls you should work to avoid. Here we share our key lessons learned.
To maintain a healthy business, drive new growth, and balance current infrastructure and future innovation without disruption, Consumer Product companies need to digitise their business now. But how?