Putting a stop to Process Outliers: How to find Deviations in Purchase-to-Pay
Normally, outliers are referred to as extreme values that deviate highly from other observations. The causes of this can be manifold and range from fluctuations during measurement and experimental errors to more novel types of phenomena. In the following case, however, it is rather down to a lack of knowledge, omission or simple laziness in […]
How and why? – Artificial Intelligence
All day, every day, companies are now collecting enormous amounts of data about their products, customers or by simply using their information systems. Such increased availability of data raises one important question: how to use the gathered data to generate meaningful information? What is important is to connect the data and discover patterns. There are […]
2 steps to analyze inventory differences in theft-sensitive goods
Inventory differences are troublesome in many ways. After determining differences, it is often necessary to do a recount just to find out that there are some goods in the corner of a warehouse corner somewhere that nobody had thought of. At least any direct impact on profit and loss will have been avoided however. Still, […]
2 steps to analyze inventory differences in theft-sensitive goods
Inventory differences are troublesome in many ways. After determining differences, it is often necessary to do a recount just to find out that there are some goods in the corner of a warehouse corner somewhere that nobody had thought of. At least any direct impact on profit and loss will have been avoided however. Still, […]
Are you delivering dangerous goods to “rogue states”?
It is no longer always easy to ensure total transparency in international business relations. They are nevertheless subject to high compliance requirements. In recent blog posts, we have looked at the topic of how to analyze business relationships with countries which may potentially prove problematic. These first and foremost include payments to countries that might […]
Tracing flows of cash in SAP: Where did your money go?
In accounting, it is normal to always pay special attention to what is going on with your own bank accounts. This is where the cash flows in or out – depending on the circumstances. In today’s blog post, though, I would like to show you how to use the data structures in SAP to find […]
Pandora’s box: from export-restricted goods to nuclear technology
Only a small fraction of companies worldwide generally do trade in export-restricted goods. Nevertheless, SAP has still come up with and marked the appropriate fields for configuration in the customer master data. In this blog post, we will show you what export-restricted goods actually are, give you a broad overview of the issues involved and […]
Tracking down rogue states in SAP
Having already identified the top 10 “rogue states” in our last Blog Post, this week we can now go on to analyze whether any payments have actually been made to a bank account in one of those dubious states and if so to what extent. So without further ado – let’s get down to business […]
Do you also pay to banks in “rogue states”?
Not all countries in the world are safe in terms of money payments. Time and again we hear about countries that are not “completely clean” in terms of money laundering and terrorist financing. Of course, these countries are bound by compliance rules when transferring money to banks in such countries. In our small series on […]
Did you catch “December fever” too?
For many, if not all of you, December 31st was the balance sheet date for the past fiscal year. Many departments / heads of department seize the opportunity to fully use up any budget that they may have managed to save at the end of the year. This phenomenon to completely use up funds which […]