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Financial Management with SAP Business One

Financial Management with SAP Business One

TRC Solutions’ Solutions Director, Steven Maguire introduces SAP Business One and the benefits the Enterprise Resource Planning Software (ERP) brings to the financial management of SMEs.

As your SME grows, so does the complexity of managing its financials. While basic accounting-only software can assist you in getting set up, you need software that enables your business to grow, automating everyday financial tasks and integrating them with other processes.

Through sophisticated digitisation and rigorous research and development, SAP Business One provides intuitive features and reports that help you run your business more profitably. You can optimise liquidity by accurately forecasting your cash flow and cash requirements and effectively handle payment terms, customer reminders, and cash collections all from a single dashboard as shown in the clip.

Because SAP Business One runs on the SAP HANA platform, robust functionality and in-memory computing power take cash-flow forecasting to the next level of performance by including sales orders, purchase orders, down payments, recurrent postings, and other critical, cash-related transactions in real-time calculations.

SAP Business One is a comprehensive, integrated solution that helps streamline your financial operations. You can:

• Accelerate transactions and improve cash flow by automating your everyday financial tasks and integrating them in real time with other business processes, such as purchasing and sales

• Get an accurate picture of your business with better cash flow management, and stay on top of actual versus planned figures with budget tracking

• Maintain control of your fixed assets throughout their lifecycle

• Enhance the efficiency and accuracy of credit card collections and bank reconciliations through direct, online connections with financial institutions

• Compile up-to-date financial statements to support business decision making by reducing the time it takes to close your books at the end of every period

• Comply swiftly and fully with the legal requirements of each country where you do business

• Meet your company’s fiscal responsibilities by streamlining the computation, payment, and reporting of taxes

• Satisfy the financial analysis and reporting requirements of your business and make better top-level strategic decisions with powerful analytics

Learn more about the benefits available to your business through SAP Business One and contact TRC Solutions.

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