The New General Ledger
The streamlined functionality of the new general ledger accounting software in SAP ERP makes it significantly easier to comply with the latest standards for corporate governance and international financial reporting – while adding flexibility and supporting a fast period end close.
SAP’s enterprise resource planning (ERP) application version 5 incorporates new exciting general ledger accounting functionality that offers far-reaching improvements for companies of all sizes and industries.
We will help you implement or transition to the new general ledger, thereby enabling your business to leverage the advantages of the latest development in SAP Financials.
The implementation path to the new general ledger varies from customer to customer. To ensure a successful migration and keep your historical data intact, Logica has designed an approach to help guide you safely through the process. These risk-minimising services are a required part of every implementation project.
Implementation occurs in five stages
Stage 1 – Requirements Development
Approximately 1-2 weeks
We work closely with key decision makers in your organisation to determine current business processes and requirements for future development.
Stage 2 – Blueprint Definition & Planning
Approximately 1-2 weeks
Activities at this stage include working closely with you to create a blueprint of the requirements documented in stage 1, and developing a project plan that details key milestones and deliverables.
Stage 3 – Configuration
Approximately 1 month Changes are made to configure the system according to your organisation’s requirements.
Stage 4 – Testing
Approximately 1-2 months
All your organisation’s business processes are tested to determine how they react with the new general ledger set up. During this stage, We provide as much support as your business requires.
Stage 5 – Data Migration
Approximately 2 months
This is a key phase of the project, and the most complex. Data is transferred from the older source system to the new application and the new general ledger is activated.
Key benefits
- Considerably accelerate your periodend closings
- Flexibly perform reporting tasks based on data reconciled in real time
- Efficiently handle financial reporting, according to both local and international accounting principles.
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