Financial Solutions
IFRS16
Accounting postings companies need to reflect in all lease tables are transferred to the SAP system in line with IFRS16 obligations
IFRS Full Compliance
Effective Use of Resources
Adaptable & Flexible Structure
Flexible Reporting
Quick and Easy to Use
How it works?
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Contract information are saved on the cockpit screen pursuant to the adaptations. Then the calculation details can be accessed.
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Correction postings arising from the contract conditions can be saved without additional calculation.
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There is a separate program to transfer the multiple contracts from Excel.
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After the contract entries are completed, the IFRS16 entries can be accessed when the relevant parameters on the accounting screen are filled.
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With the effective interest rate, all payments are reduced to their period beginning value.
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Over this value, the interest amount and foreign exchange difference are calculated.
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The lease expense posting in the tax law book is reversed via the accounting program.
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Opening, interest expense, obligation payment, early closing, long-term/short-term transfer and depreciation postings are also created.
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In contracts in foreign currency, the national currency values ​​are displayed. Accounting postings can be created for calculated exchange rate differences.
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Calculations for contract scope changes are followed in different versions. Adjustment postings can be created over the calculation differences between the two versions.
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The solution can be integrated with Non-SAP contract management applications.
Advantages
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Tracking of all lease agreements on balance sheet under a single model, regardless of financial or operational leasing.
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Quick and easy management and reporting of complex payment, valuation, depreciation, exchange rate effects and interest transactions according to the IFRS16 standards.
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Financial statements can be practically analyzed as IFRS compliance provides a global reporting language.
Collateral Management
The solution enables the follow-up, reporting and management of the collaterals be carried out easily and practically through the screens in SAP.
100% Collateral Reconciliation
Accurate Due Date Tracking
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Confirmation Editing
Flexible Reporting
Adaptable & Flexible Structure
How it works?
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Manager screen for Entry, Transaction, Reporting and Reminder of Collaterals is accessed in the SAP.
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Old collaterals are inserted into the SAP system through the cockpit screen by uploading the collateral data and related documents.
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Thanks to the reporting and transaction screen, all the details of the collaterals are displayed.
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Transactions such as collateral exit, maturity update, document addition and commission entry are executed from this screen.
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An approval flow can be developed.
Advantages
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Reconciliations of collaterals are carried out reliably and quickly.
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Exit entries of collaterals can be issued automatically.
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Due dates of the collaterals can be updated.
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The refusal of a collateral can be reversed in order to validate the collateral.
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The details of the commission paid by the customer and the company can be displayed.
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For due or overdue collaterals, an e-mail can be sent on the details in line with the day range.
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Strategies can be set up dynamically according to the approval hierarchy of the collaterals.
Bulk Payment System Solution
The solution provides fast and easy execution of internal approval flows for payments to be made through the banks. It ensures automatic creation of accounting postings of payments in the SAP system, and secures data sharing with the banks.
100% SAP – Bank Reconciliation
Compatible with many banks
Fully Integrated with SAP
Reduction of Operational Costs
Flexible Structure & Reporting
How it works?
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The project scope, adaptations and authorizations of the payment processes are defined in the system.
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With the F110 trigger, the payments proposal list is created according to the adaptations and encodings.
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Transactions to be approved are prepared via the suggestion lists and the approval process is started.
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Approval flow takes place on fiori screens and automatic e-mail notifications are sent to the approvers.
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When the final approval is received, the documents to be sent to the bank are prepared.
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These documents are securely transmitted to the bank in the SFTP environment.
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Payments are made by the bank according to the orders received.
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SAP accounting entries are done automatically when the payments files are received from the banks.
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Notice of payment is sent to the receiving party as an e-mail.
Advantages
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Bank payment lists are prepared quickly in accordance with the controls.
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The internal approval flow is initiated and executed automatically without errors.
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Possible delays in transferring payment order documents to the bank are reduced.
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The entire payment process is saved step by step.
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Reports are easily accessible.
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It saves time and cost, increases employee efficiency.
Financial Closing Cockpit Solution
SAP Financial Closing Cockpit is a comprehensive solution that allows you to manage all aspects of the financial closing process. It provides an end-to-end view of your company's financial situation so you can make better decisions and streamline the entire process. Using the SAP Financial Closing Cockpit, finance and accounting teams can close the books more efficiently with a single point of entry for all financial data and transactions, and powerful reporting and analysis features, including drill-down and pivot capabilities.
Key capabilities include
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Automate financial closing processes and increase accuracy
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Combine data from multiple SAP and non-SAP systems into a single view
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Manage your company's liquidity and cash flow
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Gain insights into your company's performance with financial reports and dashboards
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Ability to consolidate financial data from multiple source systems.
Contact us for more information.