Automating the Last Mile of Finance #2 From Systems of Record to Systems of Engagement.
From Systems of Record to Systems of Engagement.
finance” process for US companies through software automation. Secondly, we will fuel the software solution with our unique business process knowledge and US GAAP regulatory expertise. Thirdly, we will embark our innovations within SAP technology strategy and seize new opportunities by leveraging technologies like cloud, in-memory, and mobile computing. This solution is named SAP® Financial Close and Disclosure Management rapid-deployment solution for US GAAP and SEC.
- SAP® ERP/EPM Connector for US GAAP and SEC data leverages our SAP® ERP Central Component (ECC) data load capability sitting in SAP® New General Ledger (see 0FIGL_O10 above).
- This feature enables data load automation from source systems into a SAP® Business Information Warehouse (SAP BW) reporting InfoCube (see 0FIG_C10 above).
- Then everything sits in the system of engagement/EPM. SAP® Business Planning and Consolidation Staging InfoCube (see ZFIGLC10PP above) is populated according to the company ERP/EPM extract-transform-load principles.
- Finally SAP® Business Planning and Consolidation US GAAP and SEC chart of accounts is automatically updated (see SAP BPC Model for US GAAP and SEC above).
SAP “Automating the Last Mile of Finance, What’s New for US Companies?”
AIIM® “Systems of Engagement and The Future of Enterprise IT, A Sea Change in Enterprise IT”
AIIM® “A “Future History” of Content Management”
APQC® “Fortifying the Financial Close-to-Disclose Process”
SAP Press Release, “SAP® Business Suite Powered by SAP HANA® Reinvents the Real-Time Enterprise”
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