For SAP customers, an embedded solution is able to provide live and complete drill down access to all the subledgers. But how does that improve the reconciliation process?
The advantages of reconciling balance sheet accounts within your ERP system are so numerous and varied. Having direct and complete drill down access to your subledgers in SAP is one of them. Utilizing this preferential access, you could drill down into, say, your accounts payable balances and analyze the data by breaking them down into different sections. You could break down AP balances based on aging and invoices that you are debating on with your vendors. You could look at the complete information regarding a particular balance such as the name of the vendor if you so desire. You could do similar research on and document information relating all your subledgers. Only an SAP-integrated solution can provide you this advantage. What this implies is that your audit documentation will be complete and extensive.
Now, assuming the reconciliation template has been approved by the reviewer, what comes next? If the documentation is archived in a repository connected to the SAP system itself, what is so advantageous about that? Is there any additional reason why you could rest assured on the integrity of your reconciliation documentation? If that is possible, wouldn’t that be truly beneficial?
Join us on a webinar on October 24 to learn more about the advantages of having direct drill down access to your subledgers in SAP.
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