Over 30,000 companies, spanning 120 different countries, are using SAP ERP Financials to conduct their financial management.
Noteworthy names include General Mills and Office Max. SAP ERP Financials is a part of SAP’s Business Suite, an application that acts as a horizontal solution for nearly any vertical industry or company size, including multinational corporations. Functionality includes financial management, risk analysis, and compliance.
The modules of SAP ERP Financials perform core accounting and reporting, management of accounts receivable, shared services, and other functions.
Receivables management is particularly effective, as this component of SAP ERP Financials allows companies to investigate the causes behind late payments to claim revenue more quickly and decrease days sales outstanding. This boon to revenue is a concrete example of how the system delivers return on investment to its users.