More power for mySAP Financials

SAP has added new functionality to its mySAP Financials software designed to enhance strategic enterprise and supply chain...

SAP has added new functionality to its mySAP Financials software designed to enhance strategic enterprise and supply chain management, writes Antony Adshead.

The added functionality will allow greater processing of key performance and financial data. It includes better business planning and simulation, strategy management, performance measurement and stakeholder relationship management capabilities.

To support these additions, SAP is using Consolidator electronic bill payment and presentation software acquired from PayNet.

The new features support the Beyond Budgeting movement, which seeks to replace the typical business practice of yearly, centralised top-down budgets with a more responsive method of business budgeting that seeks input from all levels of the business.

Business planning and simulation functions enable businesses to manage planning across several locations and to compare plans to actual data, with the possibility to view push-button simulations of comparisons.

Enhancements to strategy management and performance features include greater personalisation and ease of navigation and the ability to converge value-based management and risk management in one application.

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