SAP Finance (FI)

Name: leverX Company
Brand: LeverX
Rating: 4.9 (114 reviews)

Manage Financial Accounting Data With SAP Finance (FI). Cover all business’ facets and reduce operational costs with the top-level financial accounting system.

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Collaborating with an SAP Gold Partner provides access to resources and seasoned professionals, ensuring your project's reliability. Their expertise tailors SAP solutions for your unique needs, optimizing ROI and efficiency.

Partnering with an SAP Global Strategic Supplier goes beyond buyer-seller dynamics. They provide critical solutions for global operations, collaborate on product development, and drive strategic initiatives.

Such companies help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. They leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

SAP Financial (SAP FI) supports all types of financial accounting with regulatory compliance in many industries, is fully integrated with logistics and production modules, and provides instantaneous financial insight at any time. Take control over the formation and analysis of external reporting with a comprehensive basis of accounting, as this module covers all financial transactions between the company, customers, and suppliers.

SAP Controlling (SAP CO) is a solution for management accounting automation. SAP Finance (FI) and CO are the core modules for any business.

Full transparency of transactions

The system clearly demonstrates its activity logs and transaction history, and such information plays a crucial role in ensuring the reliability, accuracy, and integrity of your analysis.

Parallel currencies in accounting

SAP FI supports accounting in several national currencies while meeting national, international, and administrative standards. Your ledgers are managed in these currencies in addition to the local currency.

Fiscal and calendar year

The system provides a flexible tool to generate fiscal year periods that differ from the calendar. Calculate all company taxes and prepare your financial statements in one system.

One-time data entry

Integration of FI with other SAP modules eliminates the possibility of duplicated information and allows an easy move from a financial document to a primary one (sales, warehousing, and others).

Flexibility and security

The system focuses on all the business suite needs within itself and customizes every process of launching tools with utmost data security enrollments.

Automation all along the way

Document posting is fully automated, allowing companies to observe their financial status in real-time and helping in financial reporting at the end of their financial year.

Automation of different types of accounting

Several types of accounting maintenance (national accounting, tax accounting, management accounting, accounting in accordance with IFRS or US GAAP)
Maintenance of company accounts in several parallel currencies and on several parallel charts of accounts
Optimization of routine and repetitive operations

Simplification of material accounting processes

Concurrent maintenance of various material cost estimates
Setting up the processes for automatic accounting of business operations related to the acquisition
Transfer, release into production, sale, revaluation, and write-off of materials
Control and analysis of supply and invoicing

Management of accounting processes of different types of assets

Parallel valuation of fixed and non-current assets
Management of non-current assets throughout their lifecycle (receipt and acceptance for accounting, transfer, depreciation, revaluation (including hyperinflation), sale and retirement)
Receiving analytical reports and printed forms

Management of mutual settlements with counterparties

Monitoring of payment deadlines and mutual settlements with suppliers, customers, tax organizations, employees, financial institutions, and other debtors and creditors
Management of customer credit control services
Working functions automation with accounts receivable overdue
Bad debts provisioning

Optimization of period closing and financial reporting process

Automation of expenditure and deferred income accounting processes
Revaluation of foreign exchange by various methods
Online control, transparency, and acceleration of all closing processes
Preparation of flexible tools for different financial statements

Automating the formation of consolidated reporting

Real-time generation of consolidated financial statements
Receiving flexible tools for reconciliation and elimination of intra-group turnovers
Generation of consolidated statements in a pre-configured format

Why Choose LeverX as Your SAP Implementation Provider?

Proven track record

For over 20 years, we have helped businesses worldwide succeed with SAP. We’ve already completed 950+ projects for over 800 clients, including top names on the Fortune 500 list.

Industry experts

The LeverX team comprises professionals with hands-on knowledge in 30+ industries, including manufacturing, logistics, and oil  and gas.

SAP partnership

We implement SAP projects end-to-end  and collaborate with SAP on the development and enhancement of its existing solutions.

Quality and security track record

LeverX operates in compliance with international standards such as ISO 9001, ISO 27001, ISO 22301, and ISO 55001, ensuring reliability and quality in every project.

Investment in innovation

We actively integrate advanced technologies, such as Data Science, IoT, AI, Big Data, Blockchain, and others, to help clients efficiently address their business challenges.

Flexibility

Our team is available 24/7, which enables us to quickly deploy projects, maintain process transparency, and adapt each development phase to meet your specific requirements.

Implementation Roadmap

We follow the SAP Activate methodology, which breaks down the implementation of SAP Finance (FI) into six essential stages:

Current Processes Evaluation: Assess existing business processes and identify the organization's needs.
Defining Technical Requirements: Create a detailed specification of the functional and technical needs of the new system.

Discover

Setting Goals and Objectives: Establish and agree on the goals to be achieved throughout the project.
Assembling the Project Team: Appoint team members and define their roles and responsibilities.
Project Plan Development: Create a comprehensive plan that outlines project phases, timelines, resources, and key performance indicators.
Budget Determination: Estimate and approve the budget.
Specifications Preparation: Develop the technical and functional specifications for the development team.

Prepare

Ensuring Business Requirements are Met: Check that SAP FI aligns with business requirements and project objectives.
Data Validation: Verify the accuracy and compliance of the data.

Explore

Data Migration: Transfer data from existing systems to the new one.
System Configuration: Set up the solution according to requirements and specifications.
Customization: Develop additional features and modules, if the standard solution does not meet all needs.
Integrations: Configure SAP FI to work with other IT systems and applications.

Realize

Testing: Perform functional, integration, regression, and load testing to ensure that all works correctly.
User Training: Organize sessions to help users become familiar with the new system.

Deploy

System Readiness Check: Verify that the system is ready for operational use.
Launch: Officially transition to active use of SAP FI.
Ongoing Support: Continuously monitor solution performance to identify and resolve any issues.

Run

1

An expert will reach out to you to discuss your specific migration needs and requirements.
2

We will sign an NDA to ensure any sensitive information is kept secure and confidential.
3

We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.