While many SAP financial processes are ripe for automation, Winshuttle customers tell us that tackling these 5 improvement priorities enabled them to get some quick wins, prove ROI, and secure funding to continue their automation journey: Speeding up general ledger entries Reducing invoicing traffic jams Improving Master Data accuracy Improving compliance across key business processes Spending less time preparing for audits The question is, how do you make headway on automation when your IT teams have a huge backlog of requests? The good news is that Winshuttle software doesn’t require specialized SAP programming skills, so SAP super users or analysts… Read more
In this post, find out why giving business users full access to LSMW might be putting your company at risk during an audit.
Learn how Winshuttle Studio and Foundation can be used to implement governance and control to support your audits and 3 lines of defense in finance.
Learn how utilizing Winshuttle Studio allows you to ensure SAP compliance, and implement anti-fraud measures to improve your SAP financial processes.
Find out why customers like Worcestershire County Council are choosing Winshuttle as a fast, flexible and SAP compliant alternative to LSMW.
The industrial age began when companies were able to repeat endlessly the same process with a consistent result, which meant they could deliver their promises to a larger customer base. Today, there is no question for companies whether they should or should not be on top of data quality, or whether their governance should be compliant or not. For them, not to be compliant or not to be on top of data quality means reduced margins, a shrinking customer base and reduced access to vital markets. The barriers to data governance are erased when an organization adopts the techniques and best… Read more
Patrick Leonard and Fred Hargrove’s Finance Transformation Challenges white paper covers finance transformation. They found that even though business literature on finance transformation is abundant, “most of what is available –focuses on the drivers of finance transformation, the ‘Why,’ the ’What’ and the ‘Wow.’ However, there is very little available that addresses the challenges of executing finance transformation, or the ‘How.’ “ So, how do you transform your finance operations? How do you buy back time? Organizations often apply the word “transformation” to any effort which improves operations by making changes to people, processes, or technology. But simply changing one… Read more
Manual journal entries are considered high-risk transactions for SAP finance professionals for a number of reasons, including their susceptibility to fraud and overriding of controls. So, with all of the concerns here are some of the important aspects to consider to ensure you have full control over your journal entry process. At a recent event, experts from Price Waterhouse Coopers (PWC) highlighted that there are a number of ways to implement mitigating controls to handle manual journals. The experts pointed out it’s relatively easy to use these entries to manipulate financial records. Material misstatements of financial statements due to fraud often involve… Read more