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SAP calls PI an integration broker because it mediates between entities with varying requirements in terms of connectivity, format, and protocols. According to SAP, PI reduces the TCO by providing a common repository for interfaces.
Intercompany accounting is the accounting process when transactions occur between two business entities with common ownership. Companies with common ownership include parent companies and subsidiary companies. Intercompany transactions arise when business transactions occur between entities that are not independent since control of both is held ...
SAP Exchange Infrastructure (XI) (From release 7.0 onwards, SAP XI has been renamed as SAP Process Integration (SAP PI)) SAP Extended Warehouse Management (EWM) SAP FICO; SAP BPC (Business Planning and Consolidation, formerly OutlookSoft) SAP GRC (Governance, Risk and Compliance) SAP EHSM (Environment Health & Safety Management)
Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. [1]
Invoice processing : involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: Invoices associated with a company's internal request or purchase order (PO-based invoices) and; Invoices that do not have an associated request (non-PO invoices).
A commercial invoice is used to calculate tariffs, international commercial terms, and is commonly used for customs purposes. Commercial Invoices are generally not needed for shipments between EU Countries—just between EU Countries and non-EU Countries. [3] Commercial invoices in European countries are not normally for payment.
BlackLine IPO. BlackLine was founded in 2001 by Therese Tucker, a former CTO at SunGard Treasury Systems. [7] [8] [9] The initial goal was to help customers replace their use of Excel with a suite of accounting software.
SAP BC comes with the "SAP Adapter", while on the wM IS it has to be installed separately The SAP Adapter inside the Business Connector is a shared development between SAP and webMethods. It was further enhanced in UI functionality (mainly for usability issues) by SAP after the end of the partnership.