August 08, 2014
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The role of the CFO is changing. Traditionally, it has been more focused on cash flows and strictly “managing the numbers.” Today, however, the role of the CFO is much more complex as the modern CFO is the right hand of the CEO. On top of their traditional duties, CFOs are essential to planning corporate strategy and their input has a direct impact on company growth. Given the weight of these responsibilities, CFOs can benefit greatly from the visibility and flexibility of an integrated enterprise resource planning (ERP) system. In fact, several CFOs today rely on SAP Business One to help them with their daily decision making because it provides them with a full, 360° view of their business.
So, how can a CFO leverage SAP Business One to lead their company into a successful future?
It is an integrated ERP system that provides a complete set of tools to help a CFO streamline financial operations including:
Accounting
SAP Business One includes premier accounting software for all key accounting processes including journal entries, accounts receivable and accounts payable.
Controlling
CFOs and financial managers have the ability to accurate manage cash flow. They can also track fixed assets, control budgets and monitor project costs effectively from one location.
Banking and Reconciliation
With this advanced software system, CFOs can quickly process reconciliations, bank statements and payments through various methods such as checks, cash and bank transfer. SAP Business One is a flexible solution that easily accommodates customer and company needs.
Financial Reporting and Analysis
CFOs can create standard or customized reports from real-time data for business planning and audit reviews. An integrated ERP system gives CFOs complete visibility to their company at any given time so that they can make informed business decisions.
SAP Business One enhances the CFO’s role as a financial manager. With advanced data analytics and reporting, CFOs can provide more value to their company by being better informed for strategic decision making. For a real life example of how one CFO leveraged these tools to grow three companies in different industries, download our CFO Success Story.
