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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.

SAP FI Key Features

SAP Finance (FI)  represents one of the most important modules of SAP ERP and aims to make a difference for your business, reduce operational costs, and expand your market reach to keep your business ahead of the competition.
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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.
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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.
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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.
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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).
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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.
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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.
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Check out how SAP Finance (FI) can address your current business needs

SAP Finance (FI) Functionality in The Whole Spectrum

General Ledger
Accounts Receivable and Accounts Payable
IFRS and US GAAP Standards
Asset Accounting
Bank Accounting
Travel Management
Fund Management
Legal Consolidation

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.

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. 

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  • 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