Financials: Comprehensive

Accounting, controlling, and treasury: an integrated approach that makes the R/3 Financials modules the management instrument for all of a company's departments.

Links to the supply chain from the procurement market to the sales market make it possible to optimize operational processes. The integration of strategic alliances with customers, vendors, and financial institutions increases the efficiency of such solutions.

The R/3 Financials modules can be used in:

*	Companies of all sizes: from multinational groups to mid-sized operations
*	Industrial operations, retail companies, financial service companies, and the public sector
*	All industrialized nations

One of the most important enhancements in Release 3.0 is Activity-based Costing (CO-ABC). It expands conventional cost accounting with additional functions and contributes to optimizing business processes. The functions of Cash Management and Treasury Management have been enhanced. A new Investment Management (IM) module includes functions that cover the entire capital investment process, from the planning phase to settlement. Of special interest to accounting departments in large corporations is the new module Coexistence of Distributed General Ledgers (FI-GL). It allows implementation of various SAP applications on different platforms, so large companies can integrate data from several SAP accounting systems into a centralized general ledger at the head office.

The functionality of R/3 Financials has been extended in Release 3.0 with the addition of new modules. Workflow integration for process automation is of particular benefit in accounting, since it creates the basis for the fast exchange of data and information throughout the company.

 Financials Highlights in 3.0
Accounting:
*	Enhanced payment processing
*	Workflow integration
*	Business area consolidation

Controlling:
*	Activity-based cost management
*	Product cost controlling for process manufacturing, schedule-related production, order-related production, and made-to-order production
*	Reconciled profitability analysis based on accounts
*	Profit center accounting and management consolidation

Treasury:
*	Commitment accounting
*	Loans, securities, financial innovations, foreign exchange dealings, and money markets

Investment management:
*	Integrated management of financial assets