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42 Accounts Payable Interview Questions and AnswersRahat Kazmi
The Most Common 42 Accounts Payable Interview Questions: Please review these with Answers. If it helped you in anyway, please Like our pages and recommend us to your Network.
We provide SAP FICO Online Training (professional level) by 6+years real-time experienced certified professional along with server access, resume preparation, interview questions for top MNCs, real-time scenarios, errors correction and monitoring.
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
42 Accounts Payable Interview Questions and AnswersRahat Kazmi
The Most Common 42 Accounts Payable Interview Questions: Please review these with Answers. If it helped you in anyway, please Like our pages and recommend us to your Network.
We provide SAP FICO Online Training (professional level) by 6+years real-time experienced certified professional along with server access, resume preparation, interview questions for top MNCs, real-time scenarios, errors correction and monitoring.
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP FinancialsSAPinsider Events
View this session from Financials 2015 in Las Vegas. Coming to Europe! www.Financials2015.com
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP Financials by David Cohen, EY
This session will outline and provide resolutions for the seven most common intercompany accounting challenges that companies face within the areas of sale of products, charge of services, AP/AR reconciliation, profit elimination, assets transactions, and month-end closings. By attending you will receive:
- Practical examples on the most effective ways to use standard functionality of SAP ERP, SAP BusinessObjects BI, and SAP HANA to alleviate these issues
- Examples of overcoming difficulties in implementing asset transactions across borders, such as purchase and leasing
- Alternatives to performing inter-company profit elimination
- Lessons for configuring and running your month-end close
Chart of Accounts Setup in SAP Business One version 9.0Keith Taylor
LBSi published documentation on how to define and setup the chart of accounts in SAP Business One. The setup of the chart of accounts is a critical task in your implementation. Document focuses on proper setup and contains a detailed explanation of segment accounts and how they can help you.
Supplier statement reconciliations in sap video Liza Reyneke
Our SAP certified add-on product is called BEST, and it now allows supplier statements to be loaded into SAP (through a variety of electronic means or by fast online copy and capture). Once the statement is in SAP, automatic matching is performed. Reconciliation reports can be produced at any time and they always balance. A multi-level approval system of each reconciliation is available, with full audit trails. We will reduce the amount of personnel time spent on supplier statements, and improve accuracy, and internal audit control. The product is fully integrated to SAP with supplier statement fields added to the standard SAP creditors line item displays, and drill-downs to SAP documents. The product uses standard SAP authorisations, and has configurable settings that are applied using the standard transport mechanism.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP FinancialsSAPinsider Events
View this session from Financials 2015 in Las Vegas. Coming to Europe! www.Financials2015.com
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP Financials by David Cohen, EY
This session will outline and provide resolutions for the seven most common intercompany accounting challenges that companies face within the areas of sale of products, charge of services, AP/AR reconciliation, profit elimination, assets transactions, and month-end closings. By attending you will receive:
- Practical examples on the most effective ways to use standard functionality of SAP ERP, SAP BusinessObjects BI, and SAP HANA to alleviate these issues
- Examples of overcoming difficulties in implementing asset transactions across borders, such as purchase and leasing
- Alternatives to performing inter-company profit elimination
- Lessons for configuring and running your month-end close
Chart of Accounts Setup in SAP Business One version 9.0Keith Taylor
LBSi published documentation on how to define and setup the chart of accounts in SAP Business One. The setup of the chart of accounts is a critical task in your implementation. Document focuses on proper setup and contains a detailed explanation of segment accounts and how they can help you.
Supplier statement reconciliations in sap video Liza Reyneke
Our SAP certified add-on product is called BEST, and it now allows supplier statements to be loaded into SAP (through a variety of electronic means or by fast online copy and capture). Once the statement is in SAP, automatic matching is performed. Reconciliation reports can be produced at any time and they always balance. A multi-level approval system of each reconciliation is available, with full audit trails. We will reduce the amount of personnel time spent on supplier statements, and improve accuracy, and internal audit control. The product is fully integrated to SAP with supplier statement fields added to the standard SAP creditors line item displays, and drill-downs to SAP documents. The product uses standard SAP authorisations, and has configurable settings that are applied using the standard transport mechanism.
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SAP Controlling area Common issue. This issue you face while posting the F-02 transaction for the first time in your company code in the higher EHP versions.
Active Alerts is an innovative support tool which pro-actively generates alerts on SAP application related issues. FICO users (particularly Accounts Payable / Finance managers) can be made aware when important business process events take place and IT can be alerted if a recognised problem needs attention. It’s an early warning system to help support your business.
Set up and utilize internal orders as standard SAP® functionalityJohn Jordan
Internal orders are an often overlooked part of standard controlling functionality. They offer broad and detailed functionality ranging from planning and budgeting' to cost and revenue analysis. In this whiteboard session, we will cover:
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-Standard reporting options for internal orders
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Walk away from this interactive session with a clear understanding of how you can utilize internal orders, and a better understanding of how to track costs and revenues for a specific job, service, task, or event.
5 Key Metrics that will Empower Your AP Organization
Document
The most vulnerable area of accounting in any company is the outflow of cash resources – the accounts payable function. Learn which KPIs you need to measure and how to improve them.
AP Automation makes them easy to track.
Boost Margins by Automating Vendor Incentive Management with Solution Extensi...SAP Solution Extensions
Read how rebate and cost recovery programs offer wholesale distributors numerous opportunities to improve profitability. When integrated with SAP ERP, SAP Incentive Administration and SAP Paybacks and Chargebacks enable the management of rebates, chargebacks, and claims-based programs.
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Reduce the complexity of managing the financials of your growing company. Learn how SAP Business One can help you take your business to the next level by automating and streamlining everyday accounting, controlling, banking, and reconciliation tasks, and integrating them with other business processes.
SAP FI module where it provide over all idea about FI module.
Welcome to the
presentation. This comprehensive overview will
provide a deep dive into the functionalities and benefits of SAP Finance. We will explore key features, processes, and best practices.
Financial accounting in SAP (Systems, Applications, and Products) is a comprehensive module designed to manage and record financial transactions within an organization.
SAP’s Financial Accounting (FI) module is a key component of the SAP ERP system, providing a robust solution for financial reporting and compliance.
Financial Accounting in SAP is a comprehensive solution that enables organizations to effectively manage their financial processes, ensuring accuracy, compliance, and real-time visibility into financial performance.
It’s no secret that Accounts Payable is one of the main areas of opportunity for automation and optimization within a finance department.
In this video recap of the webinar held on 2/26/ 2019; Auxis’ RPA Consulting Director Eduardo Diquez together with The CFO Leadership Council, UiPath & Ephesoft discussed a perspective on what it really takes to optimize the end-to-end AP function, its key benefits, key technology solutions in the market, and more.
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- Most Common Tools you should be implementing as part of your Digital Finance journey
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Microsoft Dynamics 365 Business Central Capability GuideDynamics Square
Microsoft Dynamics 365 Business Central Capability Guide, Get in Touch for Business Central Pricing, Demo & Implementation: https://www.dynamicssquare.com.au/business-central-implementation/
In this session, you will learn about SAP Ariba solutions for payables and finance in 2016 and beyond, specifically in EMEA. This session is a must if you are a corporate finance or A/P user or a deployment/implementation team member seeking information associated with the direction of SAP Ariba solutions for payables and finance in EMEA.
Miraculous accounts payable(ap) process improvement ideasInvoicera Tondon
In this highly competitive business environment, you need to be aware of account payable process mistakes and the steps that you can take to improve them.
Subscription management and recurring billing apps can be a bit overwhelming in regards to what it all means.
In order to save you the confusion, we have created a beginner’s guide to subscriptions, payment gateways and merchant accounts.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
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• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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involves recognizing relationships between elements of the marketing mix (e.g.,
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
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2. Why Reconcile Vendor Statements
Identify vendor invoices or credit notes not received or processed.
Ensure early settlement discounts taken.
Identify credits, payments or discounts not processed by vendor.
Prevent duplicate payment or over payment.
Reduce vendor queries, improve relationship and prevent disruption of supply.
Validate balance sheet (and determine any possible provisions or accruals).
Identify Procure To Pay issues.
BEST Vendor Reconciliations
3. What is BEST Vendor Reconciliations?
Standard SAP does not include functionality to reconcile vendor statements.
In business, vendor statements are reconciled nonetheless, and SAP clients are forced
to process vendor statements manually (often ticking off on paper!), outside of SAP.
BEST is a fully integrated SAP add-on module that allows moving from manual, non
system statement processing to a more efficient, auditable, reportable system in SAP.
Simply, the benefits are all those associated with system processing rather than
manual processing.
BEST Vendor Reconciliations
GOODS
RECEIPT
INVOICE
ENTRY
PURCHASE
ORDER
STATEMENT
MATCHING
4. Built In SAP For SAP
Built in SAP for SAP -> additional SAP module.
The product has been certified by SAP Germany and conforms to SAP standards.
Additional screens and reports – everything is in SAP!
Same SAP user authorisations controls.
Upgradeable as conforms with standard SAP methodology.
Fits within current IT architecture -> same hardware, transport and control procedures,
SAP support staff etc.
BEST Vendor Reconciliations
5. BEST is in SAP – Additional Transactions
BEST Vendor Reconciliations
7. Statement Reconciliation Outside SAP
SAP
Creditors
Docs
SAP
Downloads
/ Interfaces
View SAP
Screen &
Retype
Non SAP
Tool.
E.g. Excel
Vendor
State-
ments
Paper
Email (e.g.
PDF or
Excel)
Manual
Matching /
Ticking
Manual
Recon &
Balancing
Print &
Sign
Manual
Approval
Save On
PC
Filing
Room
Ad Hoc Fax
/ Email To
Vendor
Printed
Recons
Limited
Management
Reports
SAP
Key
Manual
BEST Vendor Reconciliations
8. Problems With Reconciling Outside SAP
Costly (personnel time, printing, errors)
No system controls or audit trails.
GRC and other compliance tools in SAP.
Limited, cumbersome and inaccurate
management reporting.
Risk of reduced cashflow, lost discounts, over
payments, delayed payments, supply disruption,
etc.
Employee disruption.
Duplication of vendor master and transactional
data in SAP and non SAP tool.
BEST Vendor Reconciliations
9. Reconciling Vendors With BEST in SAP
Vendors
Electronic /
SAP PI /
EDI /
FTP /
iDOCs
Email
Report
Approve
Pay
Match
in
Multiple Statement Formats
Send
statement
Calculate vendor accruals
Report matching statistics
Track missing statements
Reconciliation reports
for all vendors and
companies
Automatic matches
(advanced algorithm
ensures high rate)
Suggested and
manual matches for
exceptions
No more signing on
paper – approve
online
Multiple approval
levels and criteria to
structure creditor
department
Optional payment
block if no statement
match
Match all SAP!
• Open & Cleared
• Parked & Held
• GR/IR
• Invoice tools
(OpenText,
ReadSoft, eFlow
etc)
Recon report
Load into SAP
Store in SAP
OCR (using BEST
OCR or any other) of
paper, scans, faxes
OR
Fast “Copy and
capture” to SAP
Auto into SAP from inbox, e.g.
statements@yourcompany.com.
PDF and other formats.
Upload
spreadsheets
into SAP
BEST Vendor Reconciliations
10. Quick SAP Demo
Example of no human involvement / complete automation:
Supplier emails PDF statement.
SAP matches statement and sends supplier reconciliation report.
(In most cases, your AP personnel would first review the reconciliation report).
View a few different types of reconciliation report.
BEST Vendor Reconciliations
11. Why Reconcile In SAP?
Our website / portal
Avoid risky and costly interfaces of vendor master and transactional data to non SAP
systems.
Match not only creditor documents but up the procurement chain in SAP:
Parked and Held
GR/IR (goods receipts with no invoice yet)
Invoices in process in VIM tools (Vendor Invoice Management) that interface to SAP
such as OpenText, ReadSoft, eFlow etc.
Option to block invoices for payment if not on statement.
Option to balance reconciliation to SAP payment (or proposal), not just vendor ledger.
Standard SAP creditor line item reporting shows reconciliation info.
Reconciliation report always real time as all data in SAP.
No printing or filing as:
Statement from vendor stored in SAP Content server.
Reconciliation approval in SAP – no more printing and signing.
Final reconciliation stored in SAP each month.
Accrual / provisions calculations automated in SAP.
BEST Vendor Reconciliations
12. Why Reconcile In SAP? (2)
Our website / portal
Same existing:
SAP hardware and software – no new servers etc.
SAP user logins, so easy for users.
SAP Authorisation to control access, and audit trails in SAP.
SAP transport and control procedures.
SAP database and data back-ups.
SAP support staff.
BEST Vendor Reconciliations
13. Why Reconcile in SAP?
OI (Open
Item) or BF
(Balance
Brought
Froward)
Online
reconciliation
approval
Option to block
invoices for
payment if no
statement match
Send reconciliation
(and remittance)
to vendor.
Statement and
reconciliation filed in
SAP.
If no creditor
match, also
match to
parked, held
and GR/IR.
I.E. match to
everything in
SAP!
Calculate vendor accruals.
Matching rates.
Track missing statements &
approvals.
Match invoices
stuck in AP
automation tools
such as OpenText,
ReadSoft etc
Balance to
vendor
ledger.
Also to SAP
payment /
proposalAuto load
any
statement
into SAP:
PDF, Excel,
paper etc
Same SAP user logins and
authorisation controls
BEST Vendor Reconciliations
14. Case Study Of Recon Processing Times
Our website / portal
Statement Size Before BEST Time With BEST Time
Small – 5 Lines 30 Minutes 7 Minutes
Medium – 50 Lines 1 Day 20 Minutes
Large – 1000 Lines 1 Week <45 Minutes
Very Large – > 10 000 Lines 2 – 3 Weeks 2 – 3 Hours
Reference Site 1:
Statement Size Before BEST Time With BEST Time
Small – 5 Lines < 5 Minutes < 5 Minutes
Medium – 50 Lines 20 Minutes 5-10 Minutes
Large – 1000 Lines 1 Hour 10 Minutes
Very Large – > 10 000 Lines 1 Day 20 Minutes
Reference Site 2:
BEST Vendor Reconciliations
* Case studies available on www.bestsapcbi.com
15. Return On Investment
Request a complimentary business case analysis to see the value of these benefits from
implementing BEST:
Personnel Time Savings
Paper Handling Costs
Reducing Supplier Spend
Improving Audit Controls & Management Reporting
Happier Suppliers & Employees
Built in SAP for SAP – maximise your SAP investment
*** For each benefit category above detailed slides follow to help calculate the
monetary benefits.
BEST Vendor Reconciliations
16. Personal Time Savings
Task
Days Previously
Spent Per Month
Days Saved Per
Month
Daily Personnel
Cost
Monthly
Saving
Manual matching of the supplier statement and preparation of
the reconciliation report.
0
Manually blocking and unblocking invoices for payment that are
not on the statement.
0
Printing the reconciliation report for approval and filing. 0
Scanning / faxing / emailing the reconciliation report to vendors
and others.
0
Scanning and emailing the remittance advice. 0
Preparing management reports by collating separate
reconciliation spreadsheets to prepare total figures etc.
Consider monthly operational reports, annual reports for audits,
accrual calculation etc.
0
Ad hoc query resolution, e.g.: finding filed reconciliations from
previous months; sending ad hoc reports to chase capturing of
outstanding invoices, etc.
0
Other? 0
Total 0
Consider how much time is currently spent on the activities below – and that can then be
reduced if you implement BEST:
BEST Vendor Reconciliations
17. Paper Handling Costs
Consider how much paper is currently printed, scanned, faxed and filed – and how much
this can be reduced if you implement BEST:
Task Pages Per Month
Pages Saving Per
Month
Cost Per Page
Monthly
Saving
To enable statement matching, what is printed from SAP –
vendor line items (FBL1N)? the payment proposal? GR/IR,
parked or held listings? How many pages are printed monthly?
0
How many pages of supplier statements are printed monthly,
either to enable matching of the statement or to file it?
0
Is the reconciliation report printed for approval signatures or
filing etc? If yes, how many pages are printed monthly?
0
Is the statement scanned for electronic storage – how many
pages monthly are scanned?
0
Is the reconciliation report scanned for storage or scanned for
sending to the vendor – if yes, how many pages per month?
0
Is the reconciliation report faxed to the vendor – if yes, how
many pages per month?
0
Will the reconciliation balance to the payment? If yes, do you
currently send remittance advices via scanning or faxing – and
what volumes per month?
0
Are reconciliations filed and stored? What is the estimated cost
of this manual storage?
0
Other? 0
Total 0
BEST Vendor Reconciliations
18. Reducing Supplier Spend
It is possible to reduce supplier spend enormously, as well as reduce the risk of erroneous
spend:
Spend Type Monthly Saving
Ensure claim all or more settlement discount as due to quicker and more accurate reconciliations,
uncaptured invoices can be quickly identified and captured
If you have a policy (or introduce such a policy) of only paying on statement, i.e. only pay invoices that
match the statement, then proper system control can ensure that no invoices are paid that shouldn’t be
paid.
As creditor personnel spend less time on mundane matching and producing of reports, more time can
be spent on resolving unreconciled items and other queries. Cleaner creditor accounts should result, as
well as a push back up the procurement chain to improve, for example, pricing data, goods receiving
practices, invoice handling and processing, etc.
If you are currently not able to manually reconcile every statement every month, you should now be
able to, and thus benefit from fast and accurate reconciliations for even the lower priority vendors.
Any credits from the supplier on the statement should be posted in SAP before the credit is reversed,
and in the current month to take advantage of cash flow.
Other?
Total 0
BEST Vendor Reconciliations
19. Improved Audit Controls & Management Reporting
Type Monthly Saving
Reconciliations are produced by the system, the reporting is consistent and understandable and
balance.
Statements can be tracked by user, date and time from statement loading, through matching and
reconciliation reporting to emailing of the supplier.
A configurable, multi-level statement approval system ensures that statements are checked according
to management policy, with associated approval audit trails.
Any missing statements for the period can be immediately identified by company, clerk and vendor.
Accrual (or estimated unrecorded liability) reports at the press of a button across all suppliers.
Analyse statement matches and clerk workload by vendor, company, profit centre, period, and SAP
document type.
As supplier statement data is in the SAP database, all manner of system reporting becomes possible.
Other?
Total 0
BEST Vendor Reconciliations
20. Happier Suppliers & Employees
Type Monthly Saving
A neat, precisely balanced reconciliation can be emailed to your supplier. Faster and more
accurate reconciliations will help resolve issues faster. This will lead to happier suppliers.
Working in a paper, manual environment can sometimes be chaotic for employees. Moving to a
more streamlined, system environment can help to create a happier work environment.
Other?
Total 0
BEST Vendor Reconciliations
21. Built in SAP for SAP – maximise SAP
Maximise your current SAP investment!
No new hardware or IT support staff or skills are required.
No complex interfaces to non SAP systems. Huge cost and risk.
No duplicate vendor masters.
No duplication of all creditors transactions (hundreds of thousands per month?).
You do not have to login to two different systems continually throughout the day.
SAP transactions are immediately and automatically reflected on the vendor reconciliation. No waiting for
interfaces to run.
Vendor statement fields can be maintained and reported within the standard SAP transactions:
Standard SAP creditor line item list
Standard SAP audit trails of changes
Standard SAP vendor master.
Standard SAP payment run (e.g. block unmatched invoices).
Standard SAP access control / authorisations.
Standard SAP transport procedure.
Benefit value?
Back…
BEST Vendor Reconciliations
22. High Level Project Plan
Phase M1 M2 M3 M4 M5 M6
Project Preparation
Design
Build
Testing (Integration/ UAT)
Data Prep/ Pilot Cutover
Training
Pilot Go Live & Support
Roll Out & Support
Project Close
While implementing BEST is not a large project, the plan is well developed after many
implementations at large organisations.
Standard timeframe is 3 months to Go Live, and a further 3 months to project close-out.
Minimal client IT and business involvement.
BEST Vendor Reconciliations
23. For brochures, customer case studies and more
please see www.bestsapcbi.com
Please contact us with questions, for a more
detailed demonstration or to discuss your
requirements.
Vendor Reconciliations In SAP