JACOB K. JAVITS CONVENTION CENTER | NYC | JAN 12-14, 2020

SAP S/4 HANA FINANCE for Retail, Wholesale, and Fashion Industry

Finance is the core of a business enterprise. Recent studies suggest that financial intelligence is the need of the hour, as it enables enterprises to access new markets, improve performance, and set realistic goals for achieving their vision for the future. Increasing the value of financial information for improved financial planning and decision making is one of today’s biggest requirements for financial leaders.

SAP S/4 HANA FINANCE

Based on our interactions with some of the leading CFOs in retail enterprises like yours, we have isolated some of the common pain points of modern-day CFOs:
• Unavailability of enterprise-wide information and insights
• Effort-intensive reconciliations and multiple batch run dependencies
• The ambiguity of data and information due to multiple ledgers
• Fragmented compliance processes and the inability to analyze the financial risks

Groupsoft’s S/4 HANA Finance team consists of Finance experts who have extensively worked in the Retail, Wholesale, and Fashion industries in multiple geographic markets. We understand that the Retail and Fashion industries have very unique business attributes, which is why we work closely with business teams to determine the right strategies, road map, and solution architecture to maximize the value of S/4 HANA Finance solution for the business.

Our S/4 HANA Finance solutions come with the flexibility of both on-premise deployments, as well as Enterprise SAP Cloud implementation. With that, we also offer a cost-effective hybrid deployment model in which we can maximize the benefits of the solutions using S/4 HANA cloud. With the help of the latest SAP S/4 Finance Fiori Apps and SAP Analytics, we provide a simpler yet efficient user experience while maximizing the business value of the solution. Our consulting and implementation offering coverage around S/4 HANA Finance includes:

Financial Planning and Analysis (FP&A)

  • Financial and strategic planning
  • Forecasting and budgeting
  • Financial analytics and reporting
  • Enterprise Performance Management (EPM)

Accounting, Financial Close, and Tax Management

  • Financial accounting and reconciliation
  • Closing process accounting
  • Financial reporting and disclosure
  • Compliance with evolving regulations

Treasury and Cash Management

  • Corporate treasury management
  • Cash flow forecasting and management
  • Debt and investment management
  • Financial and liquidity risk management

Accounts Payable and Receivable

  • Credit evaluation and risk management
  • Automated AP and AR management
  • Invoice management and e-billing
  • Collections and dispute management

Real Estate Management

  • Real estate asset management
  • Contract and lease management
  • Property management and maintenance
  • Building safety and energy management

Cybersecurity, Governance, Risk, and Compliance

  • Three lines of defense
  • Access governance and control
  • International trade management
  • Cybersecurity and data protection

GROUPSOFT ADVANTAGE IN FINANCE FOR RETAIL, WHOLESALE, AND FASHION INDUSTRY

Groupsoft’s central finance solution experts work closely with your Finance team to replicate financial transactions from existing SAP and third-party ERP and Financial Systems, within S/4 Finance, making the entire transformation journey far less challenging.

From the Retail, Wholesale, and Fashion industry point of view, we have developed a deep understanding of Finance requirements:

  • POS Sales and Return Accounting Integrated with SAP CAR POS-DT and Sales Audit Features
  • Loyalty Redemption and Accrual Accounting
  • Credit Card, Gift Card, Cash Commission and Reconciliation
  • Omnichannel Sales Order Reconciliation and Accounting
  • Store Lease and Variable Commission Accounting Store Salesforce Sales Commission Accounting
  • Trade Promotion and Vendor Settlement
  • Promotion and Markdown Reporting
  • Vendor Rebate and Settlement Accounting Process
  • Article Ledger for Retail and Fashion Industries

In Addition to SAP S/4HANA Finance consulting and implementation services, the Groupsoft RPA Innovation Team is working on a groundbreaking RPA offering, which makes S/4 HANA Finance implementation productive and effective for Retail, Wholesale, and Fashion companies.

Groupsoft Finance Team’s key objective is to provide true business value to S/4 HANA implementation, which brings the business processes and business intelligence together into a single, smooth and digital platform for Retail, Wholesale and Fashion companies.  

Our existing partners have experienced these value additions in their business processes:

  • Cost control and cost optimization
  • Revenue growth
  • Regulatory necessity and corporate governance
  • Business model optimization
  • Finance processes automation and innovations

GET OUR BROCHURE:

Groupsoft Finance

Consistently Improving Retail Processes with Innovative Business Solutions

contactus@groupsoftus.com