SAP Solution: Accounting

Digitization is an important means for areas such as accounting and controlling to cope with the growing volume of data. Sonepar thought so, too.

"Customer Centricity" has long since ceased to be just a marketing and sales term. Today, products can easily be imitated, so consumers have many different providers to choose from. Which one will they choose in the long run?

The digital world is becoming increasingly networked. Global networks are already shaping our future. Amazon, Google, Uber & Co. have shown the way, and the age of traditional on-premise solutions has long since passed its zenith, including in accounting.

Data is the new currency. The correct collection and management of data lays the foundation for more transparency and efficiency as well as lower costs. The "first-time-right" principle is considered the silver bullet with lean processes and reliable data.

E-3 Round Table with Petra Ellmerich, Regional Vice President at BlackLine, Reimund H. Kuche, Head of Corporate Accounting at Imperial Logistics International, Dr. Christoph Ernst, Senior Director Finance Solutions at SAP, and Martin Wolleswinkel, Managing Director and European Advisory Practice Leader at The Hackett Group.

Increasing complexity is creating new challenges for financial managers. In an E-3 exclusive, Therese Tucker, CEO of BlackLine, shows how Continuous Accounting can simplify and accelerate financial closing processes.

In the course of digitization, companies are faced with the challenge: Where should they start? The majority assume that they first have to implement a whole range of new technologies. However, this is a mistake.

The wealth of information that a company has to process continues to increase today in the course of digital transformation.

Sending business documents from SAP ERP by e-mail is only possible to a limited extent with the standard functions. Orders, purchase orders, delivery bills and invoices are still sent by mail. The remedy is an add-on that allows business correspondence to be delivered directly from the ERP system by e-mail.

At the beginning of 2012, the pharmaceutical group Dr. Willmar Schwabe commissioned the company cbs Corporate Business Solutions to replace the classic SAP general ledger with the Extended SAP ERP general ledger (New G/L - New General Ledger). The standard software cbs ET Enterprise Transformer was used for this purpose.