IT Knowledge How is SAP helpful in Finance software outsourcing in Ho Chi Minh city?

How is SAP helpful in Finance software outsourcing in Ho Chi Minh city?

We talk about what SAP is through this post and how SAP is beneficial in finance. Let’s scan all around this article to get more information involved in SAP and its application in finance software outsourcing in Ho Chi Minh city.

Overview of SAP

SAP (Systems Applications and products) is a commonly used enterprise resource planning software SAP makes a centralized system for organizations that stimulate each function to access and share popular data to make a great work environment for each staff across the corporation. 

On top of it, SAP is the most-used ERP software at this time and consists of hundreds of fully integrated modules that can cover each angle of business control. 

Finance software outsourcing in Ho Chi Minh city

Figure 1. SAP central finance

What is SAP used for in Finance software outsourcing in Ho Chi Minh city?

SAP stands for statutory accounting principles, which are accounting regulations for preparing the insurance company’s financial statements. The SAP’s focus is to make sure the insurance agencies’ solvency fits the obligations to their policyholders. 

What SAP module is suitable for use in Finance software outsourcing in Ho Chi Minh city?

A lot of accounting tasks are keeping ledger balance sheets. Our answer is the SAP FI module. The SAP FI module is the most commonly used module for accounting and financials. The profits and loss statements are controlled easily by SAP ERP solutions. 

Finance software outsourcing in Ho Chi Minh city

Figure 2. SAP-FICO

The role of SAP in Finance control and accounting  

SAP offers a suite of accounting and financial control systems that provide corporations tools they want to monitor their finances. Here are some of the financial control systems, such as

1. Accounts payable and receivable

This system offers more modules that support credit assessment, potential risk control, dispute control, and invoice control. 

2. Accounting and tax control

This system supports financial accounting, reporting, regulation compliance, and closing process accounting specialists. 

3. Treasury and cash control

This system consists of cash control, debt control, risk control, and investment management attributes. 

4. Financial planning and analysis

This system supports finance specialists with forecasting, budgeting, efficiency management, analytics, and reporting. 

Finance software outsourcing in Ho Chi Minh city

Figure 3. The development platform of SAP financial accounting and controlling

Is SAP good for Finance?

SAP FI can stand for Financial accounting, and it is among the crucial modules of SAP ERP. It is used for storing the financial data in the group. In addition to that, SAP FI can make you analyze the financial circumstances of the plant on the market. 

Bottom lines

That’s all about the SAP financial and accounting. This post covers necessary information related to the benefits of SAP in finance. Please return your feedback to us as soon as possible. Thank you!

Sources: Internet    

——————————

L4 STUDIO – LEADING SOFTWARE DEVELOPMENT COMPANY IN VIETNAM

Website: https://l4studio.net/

Email: hi@l4studio.net

Phone: (+84) 28 6675 6685

For more interesting blogs: https://l4studio.net/it-knowledge/

Follow us at: https://www.facebook.com/L4Studiovn/

Read more: WHAT IS THE FUNCTION OF MOBILE BANKING SOLUTION PROVIDERS?

type your search
L4 Studio – Leading Software Development Company In Vietnam - specializes in helping businesses reduce IT workforce, 100% focus on core products.

QUICK INFO

EX-WORLD Building, HCMC
Monday-Friday: 9 am to 6 pm
24/07 for Consulting
(+84) 28 6675 6685
hi@l4studio.net