In the highly competitive, dog eat dog world that is the business sector, in order to give their companies the best possible chances of surviving, business owners are being forced to become increasingly innovative. The business world is constantly changing and evolving, and truthfully, it can be tough for some businesses to keep up. To ensure that your business isn’t left to fester in the dark ages, you must embrace modern technology, and embrace change, rather than fear it. Take finance for example. Thanks to the advances in modern technology, it is now potentially easier than ever before for businesses to keep tabs on their finances, especially in regards to SAP simple finance. SAP simple finance is a relatively new concept which has expanded upon existing software in the form of SAP HANA. If you’ve heard great things about SAP simple finance but wish to learn more, you’ve most certainly come to the right place. Below we’ll be breaking SAP simple finance down for you, to help show you everything there is to know about it.
What is SAP simple finance? – As mentioned, SAP simple finance is based upon SAP HANA. It is best described as being a finance solution which is fully comprehensive and can be deployed either on premise or within the cloud. The software solution was created in order for businesses to tackle common financial problems, helping to break things down and make them a great deal simpler and easier to understand. As it has been specially created with simplicity in mind, finance professionals from all business sectors can benefit heavily from this software solution. SAP simple finance takes the existing financial portfolio from SAP itself and expands upon it. If things are still unclear, SAP simple finance can cover all of the following:
• Fully collaborative finance options
• Financial and treasury risk assessment
• Enterprise compliance and risk management
• Financial and accounting close
• Financial analysis and planning
Future trends from a business perspective – One thing that all businesses have in common, no matter how big or small they may be, is that they all have accounts and finances which will need to be managed. For smaller businesses, initially managing finances is not that tough, but as you begin to expand, things will become a great deal more complex, which is why SAP simple finance would prove so useful. Current research data and analytics show that more and more businesses are soon going to be utilising SAP simple finance, which is why it’s important that you get yourself and your employees certified and trained in using this finance software solution now. Learning how to utilise SAP simple finance can be tough, which is where acquledge.co.uk come into the picture. They have a team of fully certified and highly qualified and experienced trainers who will dedicate their time to helping you master the art of SAP simple finance utilisation, and much more besides. If you wish to master SAP simple finance, you should learn from the best, so check out acquledge.co.uk and see what they can do to help you.
What are some of the main benefits of SAP simple finance? – Currently, SAP simple finance is localised for use in more than 60 countries worldwide, with some of the key business benefits including the following:
Simplicity – One of the most important benefits associated with SAP simple finance is the fact that it has been specifically designed with simplicity in mind. It has been specially created to reduce IT complexity in businesses of all sizes, which is, of course, a real boost. Businesses can gain valuable insight into all aspects of their accounts and finances, without having to get too complex or technical.
Personalisation – Another key benefit of this creation is the fact that it can be fully personalised as well. It offers a stunning user experience which is HTML 5 based, with SAP Fiori. This means that it can offer a consistent and modern user-experience, on any device, and on any application that can be fully customised and personalised to suit the needs of you and your business.
Reduced costs – Another very important benefit to consider when it comes to SAP simple finance, is the fact that it can actively reduce business costs in your company. This is achieved in a variety of different ways, though particularly, users will notice a distinct reduction in costs relating to reporting generation which is carried out manually, along with reduced data reconciliation costs.
Security – Finally, the last benefit we’ll look at today is the fact that switching to SAP simple finance, will help improve security for you and your company’s finances. This is because there will be far fewer operational risks from noncompliant activities, and fraud. As it is a cloud-based service, this will provide you with additional peace of mind because your valuable data will be backed up on the cloud, and subsequently can be accessed from any device.
One of the greatest clichés that training institute Acquledge agrees with is to swim with the tide. If IT embraces a new technology, the demand for skilled employees will increase, thus the number of students requiring training will also increase. Acquledge is one of the first external training institutes to offer this course at a very competitive price. Although understanding SAP FICO is a strong recommendation, Acquledge also provides additional courses for those who would like to familiarise themselves with SAP FICO.
Acquledge stands for Acquiring Knowledge, which ultimately is the reason behind why the training institute was born.