SAP Finance Implementations
Absoft's SAP finance and control consultants can help you implement a best practice finance and accounting solution for your business. Using SAP, we help you streamline:
- General ledger
- Accounts receivable
- Accounts payable
- Fixed asset accounting
With clearer visibility and control, you can not only improve internal reporting and attainment of your KPI targets, you can also demonstrate that you meet external statutory requirements with less time and stress involved.
Joint Venture Accounting
Many of our clients work with production sharing agreements, which introduces the added complexity of rechargeable costs and reporting.
Absoft offers unique expertise with SAP’s Joint Venture Accounting application. It provides a real-time view of expenditure throughout the entire project lifecycle. One of our customers realised cost savings in excess of £12m using this tool.
With full integration into SAP’s plant maintenance and materials management software - this solution can accurately track, allocate and recover costs for any operations. Irrespective of countries and currencies.
Absoft's Joint Venture Accounting solutions can:
- Track joint venture expenditure on a partner by partner basis
- Display joint venture information in real time, not just at period end
- Streamline workflow and reduce errors
- Report detailed joint venture data
- Enable clear partner billing for venture expenses and revenues
- Separate allocations of billable and non-billable costs quickly and clearly
- Enable simplified multicurrency processing