In today's fast-paced business world, staying on top of your finances is crucial. For businesses that use SAP (Systems, Applications, and Products), managing accounts receivable is a vital part of...
Category: GRC Software
SAP Audit Step: SAP Vendor Approval and Verification with SAP Transactions
Vendors are an important part of any business, and it is essential to have a process in place to approve and verify them before doing business with them. This helps to ensure that the company is...
SAP Credit Approval Policy Controls: Ensuring Financial Stability
Introduction In the world of business, credit management plays a crucial role in maintaining financial stability. Organizations must strike a balance between extending credit to customers to boost...
SAP Audit Step – Using SAP Transaction FBKP for Maintaining Accounting Configuration
In today's fast-paced business world, managing financial data efficiently is crucial. SAP, the leading enterprise software, offers powerful tools to streamline your accounting processes. One such...
SAP Control: Using SAP Report SAPF124 to Automatically Clear GR/IR Items
Understanding the GR/IR Challenge Before we delve into the solution, let's briefly understand the challenge. GR/IR items in SAP represent discrepancies between Goods Receipts (GR) and Invoice...
SAP Audit Step – Understanding SAP MRBR Release Blocked Invoices
In today's fast-paced business world, streamlining financial processes is crucial for maintaining a competitive edge. One such process is the release of blocked invoices in SAP MRBR (Invoice...