So, last Thursday, we get a call, yeah? Big multinational, operations spanning like, ten countries, all running their spending approvals through SAP Concur. Smooth as you like for a year, no bother. But here’s the kicker – HQ’s decided they’re chucking the SAP FI module out the window. Budget cuts, innit. They just need the bare bones for financial reporting, nothing fancy.
Now, they’re thinking, “Right, let’s grab a proper, but More cost-effective accounting system from Belgium’s Odoo, and just hook it up to Concur.” Bit of a split-system job, you get me? They’re asking, “What’s the crack with running two systems like that? Is it a right faff, or a stroke of genius?”
Here is the solution we ultimately provided:
– We propose to implement a comprehensive accounting system, fully integrated with their existing SAP Concur platform.
– We automated the transfer of all approved expenses from SAP Concur directly into the new accounting system Odoo.
– We established a bank integration for payment transfers, allowing SAP Concur to focus solely on the approval process.
– Furthermore, we automated invoice processing, bank reconciliation, payment reminders, tax computation, depreciation and leasing accounting from this core accounting system with a cost effective licensing
Essentially, this system significantly reduced their expenditure on SAP licenses and finance teams can free up valuable time to focus on more strategic tasks, such as financial analysis and planning.
So, what do you lot reckon? Is this a winner, or a recipe for disaster? Chuck your thoughts in the comments, let’s have a proper chinwag!
hashtag#savingfinance, hashtag#ERP, hashtag#automation, hashtag#smartfinance
