Christoph Bogaerts’ Post

Facing the challenge of financial and tax services? Whatever tasks or processes you would like to hand over, we can do it for you with our Financial & Tax outsourcing services. 📍 Our employees work exclusively on the systems of our customers.  📍 We are familiar with all the major systems (SAP, MS Dynamics, Sage, etc.),  therefore we can work with any of our customers' systems.  📍 We cover all languages in this area. 📍 We work for you - but the data will always stay with you. #Jindella #FinancialOutsource #TaxOutsource #Outsourcing

This week we highlighted both SAP's Q4 and full year financial performance.Our separate a follow-on commentary highlights the announced 2024 corporate wide restructuring that could involve upwards of 8,000 employees. https://lnkd.in/eEeznNy7

Rather than getting lost in the minutiae of implementation and maintenance, #CFOs should leverage their insights into the company's trajectory and strategic objectives to guide technology decisions and foster collaboration between #finance, #HR, #operations, and #IT departments. #SAP #S4HANA #CloudERP #TheBestRun

#Day7 In SAP ERP systems, each company is typically assigned a unique company code, which serves as the smallest organizational unit for which a complete set of accounts can be drawn up for external reporting purposes. However, in certain scenarios, it is possible to assign more than one company code to a single company. This approach is usually employed to accommodate complex organizational structures, mergers, acquisitions, or diverse business operations under one overarching entity. Here's how it works: 1.Shared Services Centers: Companies often establish shared services centers to centralize certain back-office functions such as HR, finance, or IT services. In such cases, multiple company codes may be assigned to a single company to streamline operations and achieve economies of scale. Each business unit retains its autonomy while benefiting from shared services. 2.Mergers and Acquisitions: When companies merge or acquire other entities, they may maintain separate company codes initially to preserve existing accounting structures or comply with legal requirements. Over time, as integration progresses, multiple company codes may be consolidated under a single company to simplify financial reporting and optimize processes. 3.Legal Entity Rationalization: Organizations may undergo restructuring efforts to streamline operations, reduce costs, or align with strategic objectives. As part of this process, redundant company codes may be eliminated, and multiple company codes may be merged into one to rationalize the legal structure and improve operational efficiency. 4.Cross-Border Operations: Multinational corporations with operations in different countries may operate under a single legal entity in some jurisdictions while requiring separate company codes in others to comply with local regulatory and tax requirements. Assigning multiple company codes to a single company facilitates compliance and enables accurate financial reporting across diverse geographies. 5.Subsidiary Management: A parent company may have several subsidiaries, each with its own distinct operations and reporting requirements. By assigning multiple company codes to the parent company, it can effectively manage and monitor the financial performance of its subsidiaries while maintaining separate accounting records for each entity. In summary, assigning multiple company codes to a single company in SAP ERP enables organizations to accommodate complex structures, facilitate mergers and acquisitions, streamline operations, comply with regulatory requirements, and optimize financial reporting processes. However, it requires careful planning, configuration, and ongoing maintenance to ensure data integrity and consistency across the enterprise. #SAPCompanyCode #SAPFI #innovation #growth #excitement

Most U.S. companies are feeling the impact of the nation’s severe finance and accounting labor shortage, with nearly 90% of finance managers reporting hiring challenges. Unfortunately, that also creates a vicious turnover cycle as short-staffed teams burn out – impacting consistency and performance. Read our latest case study to learn how Auxis helped our client, a leading public biotech company, stabilize AP and AR operations struggling against high turnover. At the same time, our finance team designed and implemented process improvements that helped our client maximize the functionality of its powerful SAP S/4HANA ERP while improving cash flow, efficiency, scalability, and regulatory compliance. #financetransformation #accountspayable #accountsreceivable #outsourcing #sap Auxis Amy Koeppl Fabiana Corredor Sruthi Ramakrishnan https://lnkd.in/edY454YU

Day-to-day challenges can be hard enough to contend with, never mind whatever surprises the future throws at your business. The positive thing, though, is that finance leaders who address certain key areas can make their businesses ready for both today and tomorrow. Knowing where to start may be the hardest part. The 5 Most Important Business Outcomes for Finance Leaders, helps bring focus to the multifaceted task of improving processes, technology, and resilience and shares how time-saving SAP Concur solutions and extensions can simplify the effort.

As the market becomes more competitive and budgets tighten, finance and accounting teams are being demanded to do more with less. The BlackLine Smart Close solution helps teams streamline and automate their #SAP financial close with fewer resources.

As the market becomes more competitive and budgets tighten, finance and accounting teams are being demanded to do more with less. The BlackLine Smart Close solution helps teams streamline and automate their #SAP financial close with fewer resources.

As the market becomes more competitive and budgets tighten, finance and accounting teams are being demanded to do more with less. The BlackLine Smart Close solution helps teams streamline and automate their #SAP financial close with fewer resources.

As the market becomes more competitive and budgets tighten, finance and accounting teams are being demanded to do more with less. The BlackLine Smart Close solution helps teams streamline and automate their #SAP financial close with fewer resources.