Why SAP Business ByDesign’s Financials is accountant’s and ... · Remarks: (*) SAP’s...
Transcript of Why SAP Business ByDesign’s Financials is accountant’s and ... · Remarks: (*) SAP’s...
Why SAP Business ByDesign’s
Financials is accountant’s and
partner’s best friend
Thomas Meder, SAP
March 14th, 2019
Internal | SAP Employees and Partners OnlySMB Innovation Summit 2019
3Confidential: Released for Partners© 2019 SAP SE or an SAP affiliate company. All rights reserved. ǀ
Intro and Overview of Scope
Accountant’s Perspective
▪ Reporting across companies, parallel accounting
▪ Compliance
▪ Management accounting
Partner Perspective
▪ Implementation
▪ Extension
▪ Ecosystem
Agenda
Accountant’s best friendAccounting, compliance, profitability
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SAP Business ByDesign provides operative and management Financials, as
well as compliance Financials.
Company
Liq
uid
ity
Man
ag
em
en
t
Co
ntr
oll
ing
Acco
un
tin
g
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35%
SMB’s are world’s away from simple.
64%Customers are running
multiple countries
in ByD
Customers are running
more than one company
in ByD
Local GAAPs, group GAAP
(Parallel Accounting),
e.g. IFRS 15, ASC 606
Multiple Currencies
Local specifics for compliance
One reporting across
companies
Processes across companies
Shared services
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Multi-GAAP Reporting using sets of books.
Business
Transaction CompanySet of Books US-GAAP
Journal Entries
Set of Books IFRS
Set of Books HGB
Local Set
of Books
Additional
Sets of Books for
Group Reporting
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Australia
Austria
Belgium
Canada
China
Denmark
France
Germany
India
Israel
Italy
Japan
Mexico
Netherlands
New Zealand
Spain
South Africa
Switzerland
United Kingdom
United States
Remarks: (*) SAP’s pre-localized countries can be scoped and in which SAP offers partial localization features. The content delivered differs
for each country. For more information, please contact [email protected].
(**) SAP Business ByDesign Partner localization includes partner solution and SAP pre-localized countries
Algeria
Chile
Colombia
Costa Rica
Egypt
Estonia
Finland
Greece
Honduras
Indonesia
Ireland
Kenya
Kuwait
Latvia
Lithuania
Luxembourg
Malaysia
Morocco
Nigeria
Norway
Philippines
Poland
Portugal
Qatar
Romania
Saudi Arabia
Singapore
South Korea
Sweden
Taiwan
Thailand
United Arab
Emirates
SAP Business ByDesignSAP Supported Country Versions
SAP
Standard
Localization
(20)
53 (*)
countries
SAP Partner
Localization(**)
& Pre-
Localized
Countries (*)
(33)
See also the capabilities page:
https://www.sap.com/products/business-bydesign/features.html
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ByDesign Customers Stories with an Internationalization Strategy
• Before: Manage organic growth plus mergers and acquisitions
leading to a heterogeneous IT landscape that required consolidation
to form a foundation for the future and establish transparency
across the company
• After: Improved processes and streamlined financials, with half
year closing down from 1 month to less than 2 weeks
• Before: Need for transparency and the timely exchange of data and
information among subsidiaries.
• After: Improved business relationship with its Japanese subsidiary,
using the same system and a single source of truth to access and
analyze data
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▪ Segregation of duties
▪ Approvals
▪ IFRS / US GAAP with constant delivery on changes, like IFRS 15 / AC 606 , GDPRs
▪ Country content for local compliance
Built-in compliance
Partner’s best friendImplementation, extension, eco system
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Configuration and Master Data
Implementation methodology for the cloud: SAP Launch
PREPARE REALIZE VERIFY LAUNCH
Go Live
…
Integration Preparation
Solution Design
Project Management
…
Cutover Planning
Solution Walkthrough
Solution Configuration
Project Team Enablement
Solution Adoption
…
Cutover Execution
Data Migration
Solution Testing
Integration Setup
indicates other streams can be plugged into the methodology…
Readiness Acceptance
Solution Acceptance
Project Verification
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SAP ByDesign Platform – Example: SAP ByDesign Financials
SAP Business ByDesign
Payment
Processing
Cash
Management
Customer Invoice API
Journal Entry Voucher API Analytics APIs
Supplier Invoice API
Accounting
Tax
Management
Customer
Invoicing
Due Item
Processing
Financial Notification API
Analytics APIs
Supplier
Invoicing
Connect
external Order Management
and run customer invoicing
in ByD Financials
Connect external Customer Invoicing
and run due item processing,
tax management and accounting
in ByD Financials
Connect
external Payroll Solutions
and post accounting documents
in ByD Financials
Connect
external Financial
Consolidation
Connect
Digital Boardroom
Thank you.
Contact information:
Thomas Meder
Product Manager
+49 6227 7 70032
Gamification Challenge Code
BAN3v5c
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