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THE NEW GENERAL LEDGER CAPABILITIES OF mySAPâ„¢ ERP
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Short Description: The mySAPâ„¢ ERP. solution now unites all general. ledger applications into a single. function to support all internal. and external accounting require- ...
Content Inside: SAP Solution Brief mySAP ERP THE NEW GENERAL LEDGER CAPABILITIES OF mySAPTM ERP In today's environment, your Internal and External Reporting, Combined "Where traditional G/L solutions have required the reconciliation organization needs to satisfy a of multiple applications, mySAP ERP now provides a unified wide range of internal and exter- structure that includes the functions cost of sales ledger, profit nal reporting requirements and center accounting, special ledger, and the consolidation staging do so quickly. The mySAPTM ERP ledger." solution now unites all general The world of accounting has changed dramatically in recent years. ledger applications into a single And the mySAPTM ERP solution has changed with it. Where tradi- function to support all internal tional general ledger solutions have required the reconciliation and external accounting require- of multiple applications, mySAP ERP now provides a unified ments. As a result, it helps your structure that includes individual ledgers, such as the cost-of- sales ledger, profit center accounting, and the consolidation organization comply with the staging ledger. As a result, it speeds reconciliation, ensures trans- latest standards for corporate parency and auditability, and enables you to meet both internal governance, international and external reporting requirements. financial reporting, flexibility, and fast close. Best of all, it The general ledger capabilities within mySAP ERP are based on a broader unified database. For instance, company code, segment, adapts easily to the specific and profit center are contained in a single data record which can reporting requirements of your easily be extended to include other fields. This functionality industry and your enterprise. increases data quality, eliminates reconciliation measures, and allows faster execution of period-end closing. And because all relevant data is united in the general ledger capabilities, working with the system is considerably easier than before. These features make the general ledger capabilities of mySAP ERP an essential part of your company's overall compliance efforts.
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