SAP ERP – Central Component from SAP Business Suite Family

Financial Management Benefits

When introducing SAP R/3 Enterprise product, the organization can obtain considerable benefit in the following areas:

General Benefits:

·        Increase in productivity of labour with users, members of the staff and management; less effort needed to gain relevant information; reduction in cost of financial report creation and circulation;

·        Cost saving in the process of implementation due to the support of gradual implementation of particular applications, and protection of existing IT assets;

·        Reduction in operating costs and capital expenditures which are connected with the use of single non-integrated financial applications.

Book-keeping and Audit Improvements

·        Facilitation and promotion of efficiency in preparation of sound financial reports which enable a competent organization management;

·        Fully guarantees formal conformity of corporate financial reports with requirements specified in the law;

·        Speeds up and achieves efficiency in the processes of financial balancing and preparation of financial reports; secures reduction in in-house audit costs, costs of matching books of accounts, and costs of external auditing.

Improvement in Performance Management

·        Enables to work out financial planning and budget procedure more efficiently and properly;

·        Contributes to increase in productivity of labour of the employees by means of supporting in-house process automation, and reducing the number of necessary manual check-ups of data consistency.

Book-keeping Benefits

Reduction of process costs, speedup of balance operations and efficiency enhancement of the actual organization management belong to the key benefits of book-keeping applications. These benefits are obtained due to:

·        Automatic generating of book entries, and general and subsidiary ledger update in current time; simple searching of changes, full application of paper principles with “drill-down” support down to the level of source systems;

·        Full integration of finance accounting, budgeting, and controlling applications; integration of purchase administration including supplier balance; promotion of capital acquisition processes; automatic provision of data conformity between the general ledger and particular subsystems;

·        Full standard account reporting and flexible tools for creating user’s statements, arrangements and analyses (Quick Viewer, Report Painter and other tools);

·        Full two-way integration with applications for strategic business management and analytical applications.

Material Management Benefits

It is possible to divide the expected benefits in the area of material management into two main parts:

Cost Reduction

·        Minimization of warehouse stock, and reduction of costs  connected with their maintenance;

·        Cost reduction in purchase of material;

·        Promoting cooperation with suppliers;

Improvement in Return on Assets

·        Improvement in warehouse stock turnover leading to the investment savings of the operation capital;

·        Reduction of the stock level