The end of each accounting period is chaotic in any finance department. In order to ensure that everything runs smoothly the correct procedures need to be in place. Establishing set procedures and improving processes [...]
Why do Vendor Statement Reconciliations in SAP if You Already Have Invoice & Other Vendor Automation Tools?
During the 1990s one of our main objectives in implementing SAP R3 was to get the core SAP product installed and working. At that time many organisations had multiple different legacy systems and the [...]
A “perfect” statement is one which is system processed. It should be received without any human intervention and at a centralised place. Having a standardised system process enforces management policies, audit controls all in [...]
If you currently use SAP and are performing manual or excel reconciliations, then it’s time to learn how to do it directly in SAP. SAP, as initially delivered, doesn’t have the functionality to process [...]