The best balance sheet reconciliation software for an SAP finance team depends on where the organisation wants the process to operate and how much of the wider financial close it needs to transform.
Balance sheet recons
Balance Sheet Reconciliation: Process, Steps and Best Practices
Your finance team finished processing vendor statements by 7pm on day three of close. The general ledger reconciliations still have not started. When auditors ask for evidence that balance sheet accounts were reconciled and approved before the financial statements were finalised, you hand them a folder of spreadsheets with unclear version histories, disconnected supporting documents, and manual adjustments. That creates unnecessary risk, delays the close, and weakens financial control.
Which Tools or Software Features Are Most Helpful for Reconciliation, Audit Trails, and Reporting Balance Sheet Accuracy?
The most helpful software features for reconciliation, audit trails, and reporting balance sheet accuracy are exception management, approval workflows, full audit trails, centralised reporting, and keeping reconciliations directly in SAP.
Sarbanes-Oxley Compliance Through Automated SAP Balance Sheet Reconciliation
SOX compliance encompasses several critical requirements that directly impact balance sheet reconciliation processes.
SAP Balance Sheet Reconciliation: From Periodic to Continuous
The shift from periodic to continuous balance sheet reconciliation represents one of the most significant advances in SAP® financial management.
Italtile on mastering SAP month end efficiency with BEST
BEST, with Eventful People on 16 November 2023, hosted an exclusive webinar with Sarah Lowe, the Retail Financial Manager, driving Group Finance processes and systems forward. Facilitating the webinar was Suresan Ellary, BEST Vendor Recons Product Manager and...
BEST & G3G webinar with UKISUG – a resounding success
BEST, in conjunction with G3G, hosted recently an exclusive webinar on BEST’s innovative GL Recon solution in SAP. The partner-sponsored event, hosted by UK & Ireland SAP User Group (UKISUG), took place on the 20 October 2023. Sixty four companies registered for...
G3G & BEST to host webinar with UKISUG on GL Recons in SAP
BEST, in conjunction with G3G, are thrilled to bring you an exclusive webinar on the innovative BEST’s GL Recon solution for SAP. The partner sponsored event with UK & Ireland SAP User Group (UKISUG), will take place on the 20 October 2023 from 10.00am-11.00am,...
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...
Countdown to SAPHILA 2023
SAPHILA 2023 took place from 9 to 11 July 2023 at Sun City, with the BEST team exhibiting at stand B11. SAPHILA is a biennial information technology conference hosted by the African SAP User Group in collaboration with SAP. The event brings SAP users together to...