Simplify open item clearing in SAP with BEST
Open item clearing
Automated bulk clearing of open items directly within SAP.
Intelligent matching algorithms rapidly clear items across multiple companies and account types without manual effort.
Benefits of automated open item clearing
with BEST
- Improved operational efficiency
- Faster period-end closing cycles
- Sharp visibility into unreconciled items
- Reduced compliance risk exposure
Open item clearing module features
Customise your processes, enjoy an intuitive interface, and seamlessly integrate external data, allowing you to streamline open item clearing.
Customisable clearing rules
Define flexible clearing criteria that accurately reflect your business processes.
Intuitive user interface
Easily modify references, search fields, and group items for streamlined open item clearing.
Inter company clearing
Automate matching and clearing across different company codes, e.g. for inter company trade.
Inter account clearing
Automate matching and clearing across different General Ledger accounts, e.g. for interface accounts from retail, payroll and other external systems.
| Clearing Requirements | Standard SAP | BEST |
|---|---|---|
| Same company & same account & same field & exact reference | Auto clearing | Not required as done by standard SAP |
| Across different company codes | Manual clearing | Auto clearing |
| Across different GL accounts / customer / vendors | Manual clearing | Auto clearing |
| Across different fields | Manual clearing | Auto clearing |
| Matching rules | Manual clearing or user exit programming | Auto clearing |
| Clearing Requirements | Same company & same account & same field & exact reference |
| Standard SAP | Auto clearing |
| BEST | Not required as done by standard SAP |
| Clearing Requirements | Across different company codes |
| Standard SAP | Manual clearing |
| BEST | Auto clearing |
| Clearing Requirements | Across different GL accounts / customer / vendors |
| Standard SAP | Manual clearing |
| BEST | Auto clearing |
| Clearing Requirements | Across different fields |
| Standard SAP | Manual clearing |
| BEST | Auto clearing |
| Clearing Requirements | Matching rules |
| Standard SAP | Manual clearing or user exit programming |
| BEST | Auto clearing |
OPEN ITEM CLEARING module
How it works
The open item clearing functionality automatically matches and clears open items by user-defined criteria on any account field.
Standard SAP does not allow for automated clearing across different company codes or General Ledger accounts. BEST automatically matches and clears across companies and accounts, resulting in significant operational efficiencies.
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.
Get started
See how BEST and our partners can streamline your SAP processes