This will cater to the requirements of the real time data entry and reflection into General ledger, Customer, Customer and Vendor accounts, Asset accounting. Functions related to Purchase, project and budgeting are highly integrated and hence the financial values are available for all analysis on a real time basis. System is also capable of having workflows for posting at parked level and final level at different users Id’s, this is also helpful in delegating responsibilities.
All the requirements of Budgeting, allocations and tracking will be handled at a primary level by this module. This will also provide the users with the requirements of Information like the total budget, head-wise allocated budget and also the utilizations.
SAP is also able to handle multiple currencies with compliance to the prevailing legal and taxations laws. SAP CO module can be used for budgeting, costing and variations. The costs can be tracked at WBS element level. Integration of SAP Finance module with Project systems, Sales & materials module will give milestone-based invoicing.