Features & Functions of SAP ERP
SAP ERP provides powerful analytic software that enables powerful financial analysis to help you analyze your business, develop business plans and budgets, and track performance during execution. You can use the sophisticated financial analytics features of SAP ERP software to align the performance of organizational units to your overall business objectives. Plus, you can work collaboratively using a single platform – and align financial strategies globally.
SAP ERP supports financial analysis and reporting for a wide range of users – from C-level executives to line-of-business managers. You can improve profitability, increase working capital and cash flow, ensure more effective cost controls, and gain greater insight into business drivers when planning and forecasting.
SAP ERP includes features and functions that support the following business activities:
- Financial and management reporting – Provide a robust set of tools to meet the reporting needs of a wide range of end-users, including C-level executives, line-of-business managers, and front-line information workers.
- Planning, budgeting, and forecasting – Support traditional budgeting, rolling forecasts, and collaborative planning, such as cost center planning. The solution's analytical planning workbench enables you to model planning scenarios, and provides preconfigured planning applications for efficient operational planning.
- Strategy management and scorecards – Link and align operational and strategic plans and develop key performance indicators (KPIs) that support a number of popular scorecard methodologies, including Balanced Scorecard, Economic Value-Added, and activity-based costing methods.
- Cost and profitability management – Allocate overhead costs, manage the costs incurred by products and services, and analyze the profitability of products and services.
- Working capital and cash flow management – Manage working capital management with functions that optimize logistics processes and improve payables and receivables management. Optimize cash flow, including cash flow calculations and middle- and long-term planning.
- Payment behavior analysis – Manage receivables by analyzing payment histories and determining the days sales outstanding (DSO), which form the basis for payment optimization. Develop critical insights into causes of payment delays, leading to actions that accelerate the cash cycle.