SAP Finance (FI)
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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System That Unlocks Powerful Insights by Competent Financial Data Accounting
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.
SAP FI Key Features
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.
SAP Finance (FI) Functionality in The Whole Spectrum
General Ledger
GL collects all transaction data in a chart of accounts. Transactions are recorded in sub-modules and synchronized in real-time with general ledger data. GL helps to:
- Monitor finances.
- Track transactions and cash flow.
- Compile and maintain information for business-related reports.
- Help prevent accounting errors and fraud.
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Get the Most out of SAP Finance (FI) Functionality
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
Discover SAP Finance (FI) solutions that can make you ready for today and the future
Industries We Serve
Why Choose LeverX as Your SAP Implementation Provider?
GLOBAL SYSTEM INTEGRATOR
- LeverX is an International company with 14 offices in 10 countries that specializes in SAP Implementation and customization.
- Full-cycle technology consulting, development, and cost-effective implementation services for successful business transformation and sustainability.
- We offer custom software development services to companies to deliver tailor-made solutions that cater to clients' specific requirements
TECHNOLOGY & MANAGEMENT
- Short engagement ramp-up and project set-up, strong management
- Continuous investment in innovation and early adoption of cutting-edge technologies (Data Science, IoT, Artificial intelligence, Big Data, Blockchain etc.)
- Creation of projects in accordance with ISO 9001, ISO 27001, ISO 22301, ISO 55001 quality and safety standards.
EXPERIENCE
- 20+ years of working with SAP solutions. LeverX is an SAP-certified partner and preferred vendor.
- 1 600 IT-experts with deep knowledge of the latest SAP technologies and solutions.
- 950+ successful projects. We help companies of all sizes and across various industries to leverage the power of SAP.
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