Watch Now our second episode of a three-part series on using SAP Multi-Bank Connectivity (MBC) to integrate, automate and optimize cash management.

If you aren’t armed with with accurate and timely information, making the best business decision can be difficult. Our clients often come to us asking about how to enhance their way of doing revenue accounting processes, gain insights on profitability, track contract modifications and other areas to compete and win. The first phase is undertaking is a Health check that examines the organization, structure, and human factors in your solution implementation.

Banking connectivity provides an enterprise-wide foundation for security, completeness, accuracy, and timeliness of your data, along with delivering the insights and visibility to optimize daily cash positions. A fully integrated banking connectivity solution can provide you an insights into where your cash is and with whom and visibility to drive real-time cash positions and much more.

Change has never happened this fast before, and it will never be this slow again. In today’s rapidly changing business environment, learning and sharing have never been more important. ASUGForward is designed to do just that—move us forward.

Treasurers spend their working lives trying to avoid or alleviate risk, looking ahead and planning for the ‘worst-case scenario’ – an idea that has been given new importance and urgency by the COVID-19 pandemic. A driving challenge in this setback for many businesses are to proceed with business as usual in a time when business is very unusual. For treasurers, the way to do this is to ensure that the data and information are readily accessible and reliable, especially pertaining to current and future cash flows.

“Real-time data” is a very popular term in the world of reporting and analytics. Timeliness of reporting can deliver good returns to the business. Companies reporting in real time are better positioned to do strategic planning and attract investors. 

Businesses in every industry are working on strategies to move away from one-time transactions and into enduring relationships based on the premise of continuous value delivery.

Achieving an efficient financial close process is critical for providing timely information to key stakeholders, including corporate executive management, investors, SEC regulators, etc.  However, in recent years, the dynamically changing compliance environment has been making the closing and disclosure reporting processes more complex and time consuming.