During the unfolding COVID-19 pandemic, G3G is committed to providing our clients with the uninterrupted support they need to successfully deliver transformational projects and keep their day-to-day operations running smoothly.
How can CFOs find more time to focus on strategically steering the business, instead of being swamped by routine financial management tasks?
Your month-end close in SAP can be a time-consuming process. Take the pressure off with the SAP certified BEST General Ledger Software which delivers GL recon automation and standardisation to reduce time spent on your month-end close.
Can Balance Sheet reconciliations be performed in SAP? Within standard SAP functionality, the answer is unfortunately no. However, it is not all bad news, there is a new product on the market from BEST which offers automated Balance Sheet reconciliations in SAP.
Many companies have grown up having their own warehouse, processes and procedures in their own ERP to handle the business required. In the new world, companies are looking for 3PL providers to bring their expertise and scalable resources to effectively replace this part of the business, and provide significant business benefits.
As with other accounts payable processes, it is essential to digitise. A computer or automated supplier statement reconciliation will save personnel time, be more accurate and ensure proper audit controls. If you can implement an automated supplier reconciliation solution directly in your existing accounting package or ERP, this is preferable to an additional stand-alone system.