SAP S/4HANA Finance for accounts receivable management
Reimagine finance for the digital age with the SAP S/4HANA Finance solution (formerly SAP Simple Finance). This ERP financial software runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, accounting and financial close, treasury and cash management, accounts payable and receivable, risk management, and more.
- Cloud or on-premise deployment
- Common view of all financial and operational data
- Flexible, easily consumable reporting
- Automated processes
SAP Cash Application
Using SAP Leonardo Machine Learning capabilities, the SAP Cash Application software learns from accountants’ past manual actions, capturing much richer detail of customer- and country-specific behavior, without the costs of manually defining detailed rules. Using SAP S/4HANA, new incoming payment and open invoice information is passed to the matching engine powered by SAP Cloud Platform, and suggested matchings are either automatically cleared or offered for review under receivables.
- Reduce days sales outstanding (DSO)
- Lower TCO through efficiencies enabled by machine learning
- Enhance quality of work related to accounts receivable
- Scale shared services as the business grows
- Enable a single, integrated environment with SAP S/4HANA on premise, SAP S/4HANA Cloud and SAP ECC 6.0