ENSURE balance sheet integrity in SAP

Balance sheet recons

Verify balance sheet account reconciliations directly inside your SAP system with BEST’s SAP Certified balance sheet recons module.
By identifying risky accounts and items to be reviewed, then channelling the workflow of recon approvals, BEST provides complete visibility and control over your balance sheet integrity.

Benefits of automated balance sheet recons

  • Always audit-ready
  • Deeper financial controls
  • Customers report 40% of no movement and low risk accounts are automatically checked and approved by BEST
  • Complete visibility into balance sheet integrity
  • Tighter governance over balance sheet integrity

Balance sheet recons module features

Automate reconciliations, gain real-time insights and leverage the security of SAP for complete peace of mind.

Reconciliation approval workflow in SAP

SAP workflows recon reviews to relevant SAP finance users, securely recording audit trails, explanations and substantiation in SAP.

Faster month-ends with stronger controls

The module automatically checks for low risk and low movement accounts while flagging risky 
items – as per your financial recon policies.

Real-time visibility dashboards

Gain instant insights into balance sheet health with customisable dashboards and reports.

Built-in compliance

BEST utilises your existing SAP access controls to maintain regulatory adherence and streamline security.

BEST automates reconciliations in SAP, giving you complete visibility and control

Benefits of BEST modules

Time and cost savings
  • Reduce the time needed for reconciliations by up
to 90%.
  • Channel skilled finance resources to focus on high-risk areas and resolution,
optimising efficiency.
Process efficiencies
  • Achieve a 95% and higher automated matching rate.
  • Tailor approval mechanisms in SAP to address high-risk areas effectively.
  • Manage month-end tasks efficiently using comprehensive control reports, identifying and resolving anomalies.
Standardisation and compliance
  • Standardise operations across business units for a structured SAP month-end close.
  • Ensure compliance and complete accuracy with full audit trails and approval history for internal and external stakeholders.
Environmental sustainability
  • Store all reconciliations within SAP, enabling easy access to historical data. 
  • Approve reconciliations online within SAP, reducing dependency on paper and lessening the environmental impact while also supporting Sarbanes Oxley compliance.

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See how BEST and our partners can streamline your SAP processes