In the second part of this blog post series, learn why automation of controls in the ICS makes sense and how you can achieve this with the help of data analytics.
In 5 steps to an efficient ICS - learn how you can make the internal control system more efficient with the help of automated, also data-based controls
Most of the business owners and CEOs have shift their attention in profit increases, earning ratios and cost reductions which are used to show elegantly how good an enterprise is performing. However, according to Reider & Heyler (2003), these businesses might forget their most important daily concern – monitoring the company’s cash position. Cash is the most important liquid asset of a business which ensures the payroll is met, new customers are acquired, new products are developed, vendors’ bills and taxes are paid, and most importantly growth and expansion of a business is possible. The amount of cash that a company has on its accounts at a certain point in time portrays the company’s cash position. Monitoring of a company’s cash situation is another way of measuring its financial strength and liquidity. As mentioned by Reider & Heyler (2003), it is the lack of cash which causes companies to fail and not the lack of profit or growth. Not having sufficient cash is a concern of many CEOs who fear they might lose their businesses due to such reason. On the other hand
Bitcoin as Reporting Currency Users of our dab:AnalyticSuite (formerly known as dab:FastForwards) know and appreciate the functionality of the "ReportingCurrency" or the conversion of all relevant currency amounts into a group currency. We use SAP® internal exchange rates and we even allow you to choose between the exchange rate on a specific key date and the exchange rate that was recorded at the time of the document. This results in much greater flexibility when working with the analysis results, especially if you often work with e.g. cross-company-code comparisons with foreign currency transactions.
In this blog post we talk about the question whether vendor bank account data was changed (often). We explain we it is important to get an overview about such changes, and what special aspects come into play when talking about data out of SAP®.
Actually "The Trip to Panama" would have been a better header, but the news desks of the broadcasters beat us to it. Although of course the children's book by Janosch, with the tiny tiger and little bear, has nothing to do with the affair revolving around the letterbox or shell companies of the Panamanian law firm. But the title is just so catchy.