Improve your SAP Month End Close. Visit BEST at Mastering SAP Financials Conference – 15-17 April 2019.

Improve your SAP Month End Close. Chris Brooks, Account Reconciliations Architect at BEST will be speaking at the Mastering SAP Conference.

He will be discussing BEST’s exciting new product: BEST General Ledger Reconciliations in SAP.

Visit us at Mastering SAP Financials.

BEST General Ledger Reconciliation Software in SAP delivers GL recon automation and standardisation to reduce time spent on your month end close and delivers more than other 3rd party non SAP General Ledger Reconciliations. See our functional comparison summary.

The benefits of automating your month end SAP GL Reconciliation process, versus a manual process, are numerous.

Save time & money:

  • Complete General Ledger Reconciliations in SAP faster and more efficiently by automating the Reconciliation process within SAP.
  • Assign risk categories to your GL Recons in SAP to ensure appropriate focus, approvals and reporting are applied to your high-risk areas.
  • User defined tolerances assist to identify document and account anomalies that require escalation and mitigation.
  • Reduce the amount of time spent on low risk, low transaction value accounts.
  • Ensure your skilled Finance resources time is spent on the recons where the focus is required, such as high-risk areas and query resolution.

Achieve efficiencies:

  • Define approval strategies as per your requirement to ensure high risk areas are appropriately reviewed and approved all within SAP.
  • With the use of comprehensive Control Reports, you can manage your month end from one central point to:
    • Review outstanding GL Recons and approvals to measure completion.
    • Drive out action to complete outstanding tasks.
    • Review and manage reconciliation anomalies such as tolerance breaches or queries raised.
    • Identify and manage your high-risk reconciliations and any mitigating actions required.
  • Use the Intercompany Matrix to simplify and reduce time spent on your Intercompany Reconciliations in SAP.
  • Existing SAP Authorisations are used for viewing and preparing reconciliations within SAP.
  • Any adjustment journals to be processed use SAP standard transactions as per your authorisations framework.
  • No interfaces or connectors are required to third party systems – it’s all within SAP.

Standardised & compliant:

  • Bring standardisation to your organisation across business units, divisions and locations for your SAP month end close.
  • Bring accuracy to your reconciliations through standard processes and clearly defined approval lines.
  • For any required adjustments, use SAP standard transactions within your existing SAP Authorization framework.
  • Ensure compliance across your SAP month end reconciliations and approvals with full audit trails and change history.
  • Provide assurance to both internal and external parties for Audit purposes.

Go completely paperless:

  • Your Balance Sheet reconciliations are now paperless and are all stored within SAP.
  • GL reconciliations for any historical date are always available.
  • GL recon approval is online in SAP – no printing and signing
  • You’ll also save on paper costs.

Automate general ledger reconciliations and do them directly in SAP with the BEST GL Recons Module. Balance sheet reconciliations with high level accuracy support Sarbanes Oxley. Regular and efficient reconciliation of your GL accounts has numerous benefits. And because BEST is built and certified for SAP, you can rely on its trusted and proven performance.