Financial Management – Innovations 2011 features

Accounting and Financial Close

• Expedite reorganization of segments with automated support
• Improve efficiency by integrating general ledger and fixed assets
• Ensure compliance with local accounting requirements
• Streamline configuration and execution of the entity close
• Facilitate corporate close by automating complex activities
• Increase governance of financial master data

Financial Performance Management

• Update user interface and transaction execution
• Get the data you need with new reporting options

Commodity Risk Management

• Ensure successful management of critical business risks and compliance with government regulations
• Accurately identify and measure commodity price and currency exposure to mitigate related risks

Modernized Finance User Experience

• Facilitate review and recording of additional information – notes, attachments, master data, and charts – during transaction execution

Receivables Management

• Document all details of credit decision making to optimize compliance with legal requirements

Travel Management

• Increase integration capabilities with third-party, online booking tools
• Optimize legal and process requirements for expense management, including localization demands

Treasury and Financial Risk Management

• Manage and reduce risk arising from commodity price volatility
• Reduce reconciliation time for bank statements
• Facilitate cash position reporting and cash forecasting