SAP Cloud for Financials

— July 08, 2013

Aasonn, a provider of cloud-based business implementation and cloud business applications, is the first company to implement and run its global financial and travel management operations on the SAP Cloud for Financials solution and integrate it with the SAP Cloud for Travel solution. This enterprise-wide implementation was completed in eight weeks, providing immediate impact.

“As an experienced SAP implementation partner, this opportunity gave us additional insight into SAP cloud processes from the customer perspective,” said Allen Peterson, CEO, Aasonn.

With consultants on five continents serving clients in more than 30 countries, Aasonn has worked with more than 1,500 customers in the U.S., Europe and Asia on cloud solution implementations from SAP and SuccessFactors, an SAP company. To effectively manage its global financial and travel operations, Aasonn required a flexible cloud-based solution that could be seamlessly integrated into the existing processes, platforms and mobile architectures that it relies on daily.

SAP Cloud for Financials provides enterprise-class financial departments with real-time business insight. This helps financial managers to quickly adapt to evolving business climates, improve financial controls, configure and roll out end-to-end financial processes and transform complex financial data into actionable intelligence for more strategic decision-making across all lines of business. SAP Cloud for Travel helps companies control travel costs, facilitate corporate compliance and increase the efficiency of processing travel requests and reimbursements.

After implementing the solution, financial managers saw improvement forecasting cash flow, calculating working capital requirements, analyzing workforce efficiency and productivity, tracking accurate cost of services delivered, and maintaining currency of accounts receivable and payable. The solutions met extensive system criteria and data management goals, including the ability to provide:

  • Support for multiple lines of business
  • Support for multiple currency management
  • Elimination of manual data loads
  • Management of projects across operating entities
  • Integration of global expense and travel systems
  • Project and financial dashboards
  • Support for global financial operations
  • Integration with Saleforce.com
  • Integration with global human resource systems
  • Real-time financial data visibility across operating entities
  • Faster turn-around of monthly, quarterly and annual reports

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