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.
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.
One of the best ways for accounts payable managers to sleep easily at night is the reconciliation of vendor statements, however this task is often overlooked as it can be time consuming. An effective process for reconciling vendors must therefore be used… and that’s where BEST come in with their AP Module – a SAP certified add-on solution.
If you missed the G3G and BEST webinar on automated GL Reconciliations with the BEST SAP Modules, you can access the recording here.
If you missed the G3G and BEST webinar on Automated Supplier/Vendor Statement Reconciliation with the BEST Accounts Payable Module, you can access the recording here.