Finance
Improve profitability, increase cash flow and gain greater insight into business drivers
Historically, financial processing has focused on the ability to record and report financial transactional data. However, in a world where Finance departments are under pressure to reduce costs, they are looking for ways to streamline and enhance existing processes. To emerge stronger in the face of economic downturns, and to effectively navigate ongoing market volatility, it is essential organisations are proactive in driving improvements through their financial processes. Failure to do so can have a significant impact on ability to operate and the bottom line.
To fully optimise their Finance departments, and effectively align organisational performance to overall business objectives, organisations need to focus on two key areas - automation and integration.
Financial automation
Organisations are increasingly looking to reduce the number of manually driven tasks and processes their Finance teams undertake. By identifying and defining simple automated solutions and better integrated, streamlined processes, Finance departments can significantly reduce the time and effort taken to complete fiscal and compliance activities, saving both time and money without sacrificing flexibility and accuracy.
Furthermore, automating financial processes, from data entry to complex forecast modelling will provide a centralised source of accurate, real-time information.
Financial integration
Finance departments today are running and analysing more complex reports with increasing frequency to prepare re-forecasts or develop -what if- scenarios. It is essential they are equipped with the tools to effectively analyse spending and returns, develop plans, forecasts and budgets, and accurately track performance and execution.
Financial integration between finance modules and key business processes enables powerful financial analysis through real-time visibility of data. Decision makers are better placed to spot trends and make better-informed decisions through a single platform which aligns financial strategies globally as well as locally.
How Bluefin Solutions can help
- 01Improve cash flow with Financial Supply Chain Management
- 02Increase the efficiency of your accounts payable process
- 03Support business reorganisations
- 04Optimise the potential of your finance system
SAP financials functionality
The core Finance modules within Enterprise Resource Planning (ERP) have evolved over many versions of SAP. The latest functionality can be found with ERP 6 and the latest Enhancement Packages. Recent solution developments have focused on integration and automation of processes.