Balance Sheet Reconciliations

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Balance Sheet Reconciliations in SAP – Journey & Customer Success Stories

BEST presented a webcast on the GL Recons module for Balance Sheet Reconciliations in SAP. The webcast was held in conjunction with AFSUG on the 15 August 2023. BEST Product Manager, Christopher Brooks, presented on the BEST GL Recons development journey and how BEST customers are benefiting from the BEST GL Recons module functionality. Given the gap in standard SAP functionality, BEST developed a solution in 2019 for completing and approving Month End Balance Sheet Reconciliations all within SAP. Unlike time consuming and inconsistent [...]

2023-09-06T09:00:46+00:00August 23rd, 2023|

Balance Sheet Reconciliations – Bacardi’s transformation with BEST SAP

BALANCE SHEET RECONCILATIONS - BACARDI: A BEST CASE STUDY (DOWNLOAD CASE STUDY) Bacardi is a family company with more than 160 year history of making spirits. The vision of the Company is to make moments matter – for customers, consumers, partners and for employees. Jeudy Arias Rojas, Director, and Karen Vega Hidalgo, Accounting COE Manager, both from FAS (Financial & Analytics Services) at Bacardi were interviewed by BEST on 10 March 2022. The objective was to discuss the background and benefits achieved to date [...]

2022-08-04T08:26:01+00:00March 17th, 2022|

Can Balance Sheet Reconciliations be Performed in SAP?

This is a topical subject and is a question often asked by SAP Finance users – can Balance Sheet reconciliations be performed in SAP? Within standard SAP functionality, the answer is unfortunately ‘NO’. However, it is not all bad news, because BEST offers automated Balance Sheet reconciliations in SAP. The BEST GL reconciliation module offers Balance Sheet reconciliations, approvals, full audit history and reporting across your balance sheet accounts, all within SAP. But perhaps let’s back up a few steps to see why this [...]

2022-08-04T08:38:21+00:00June 3rd, 2019|

BEST & G3G Global Partner: Balance Sheet Reconciliations in SAP.

Need Balance Sheet Reconciliations in SAP? BEST is expanding its horizons and went to the UK to meet with two new partners that are based in the UK and the USA. These are global SAP Silver Partner, G3G, which is part of the group along with renowned SAP Consultancy EPI-USE. Both parties are interested in representing all the BEST Modules: Automated Supplier Recons, General Ledger Recons & General Ledger Clearing. A strong focus was placed on the new General Ledger Modules that automate [...]

2022-08-04T08:40:00+00:00April 8th, 2019|
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