During the COVID-19 pandemic, online sales reached new heights. As a result, more and more companies have had to rethink their sales strategy, forced by among others the closure of the physical outlets. There was little time to maneuver in the face of increasing pressure to maintain sales levels by deploying online channels. Luckily, today’s technology offered the opportunity of plug-and-play e-commerce platforms to both enable and accelerate the roll-out of online offerings.
One of the key finance related challenges that most corporates currently face is the IBOR reform. How can SAP technology support organizations with the consequences of IBOR reform? In this article we outline the SAP enhancements relating to the IBOR reform, discuss how to implement these enhancements, and pinpoint specific areas of attention based on our most recent SAP projects on IBOR reform implementation.
S/4 HANA Advanced Payment Management (APM) is SAP’s new solution for centralized payment hubs. Released in 2019, this solution operates as a centralized payment channel, consolidating payment flows from multiple payment sources. This article will serve to introduce its functionality and benefits.
The most recent S/4HANA Finance for cash management completes the bank account management (BAM) functionality with a bank account subledger concept. This final enhancement allows the Treasury team to assume full ownership in the bank account management life-cycle.
Implementing a hedging strategy to hedge against one common currency (the “base” currency) in SAP Treasury may be a daunting task, but in isolating and focusing on the individual building blocks required to bring this strategy to life, the challenge may not be as difficult as first anticipated.