SAP ERP is developed by German company, SAP SE. SAP ERP is formerly known as R/3 ERP. SAP ERP’s financial component includes accounting, reporting, risk management, and profitability analysis. SAP ERP financials management offers applications for general ledger, journal entries, project cost accounting, budget management, financial reporting, and multi-currency support. SAP ERP runs on Windows operating systems. It addresses the needs of many industry verticals such as manufacturing, retail, service and distribution sectors. SAP ERP is designed for deployments with between one and thirty users. The system offers a remote support platform and a software development kit. Software Development Kit allows the programmers to interface external applications with ERP suite or add custom functionality.

SAP ERP Features

SAP ERP Financials integrate all accounts, fixed assets and other sub-ledgers into one general ledger. The general ledger sees both financial and managerial accounting is supported in one application.
SAP ERP helps to manage liquidity and any financial risk. It uses risk analyzer to track and manage financial risks. The platform automates financial operations and keep records of inflows and outflows for better regulatory compliance.
The use of electronic invoicing provides improved cash management and efficient invoicing and payment processes. SAP ERP offers credit workbench for credit-making decisions as well as billing and collections. The SAP ERP Pricing is customized based on the apps and services needed by the users.
SAP ERP Financials provides a smooth flow of data and communication within the internal and external view of any organization. SAP ERP also helps in analyzing possible weak points.
SAP ERP streamline flow of materials and processes, forecast and manage risk, provides reliable support, provides full control to your business’ crucial applications and information.
SAP ERP Accounting Software Financials solutions can expand to meet all financial requirements of a business including records transactions, allow integration with other SAP solutions, reports and analyses operating data for businesses.
Accounting Software

Accounting software is solutions record bookkeeping exchanges inside utilitarian modules, including debt claims, creditor liabilities, preliminary parity, and finance. These solutions operate as bookkeeping data frameworks. Accounting software is also used to monitor exchanges and incomes, perform estimations, and generate reports. Accounting software helps boost productivity and proficiency and decreases costs. To keep end of year accounting on track, users need to reconcile their books, including credit cards, bank statements, and other accounts related to their business. Accounting software basic features contains – sales tracking, automated invoicing, timekeeping, financial reporting, and accounts payable, accounts receivable functions, tracking company inventory and purchase orders, receipt capture via document and analytics for budgeting and revenue tracking.

Other vendors of Accounting software are as below – Nominal, Quickbooks, Infor Inc, Workday, Sunrise, Alignbooks, Addsum Business Software, The Gnucash Project, Freeagent, Freshbooks, Microsoft Dynamics Nav (Microsoft), Busy Infotech Pvt. Ltd., Walkover, Simply Vyapar Apps, Mint.Com, Idos, Flexi Software, Blackline, Wave, Kpi.Com, Crunch Accounting, Syspro, Sap Business One (Sap Se), Red Wing Software and Hostbooks.