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SAP Business ByDesign has native functionality for the financial services sector:*

Cost factors that influence implementation pricing in the financial services sector:

E

Compliance

Does the business need specific compliance and regulatory structures? Standard compliance (separation of responsibility can usually be implemented as a standard – for example, approvals on journals or AP invoice vs banking approvals).

E

3rd party integrated solutions

Does the business need to integrate third-party financial services industry and funds management solutions to the core finance management software?

E

Multi-entity

How many companies will be implemented? Are there many intercompany transactions, are eliminating entries required, is consolidated reporting required?

E

Multi-country

Does the business operate in multiple countries that require IFRS accounting standards, consolidated reporting and different legal and fiscal requirements?

E

Users

How many users require access to SAP Business ByDesign?

E

Financial reporting

What reporting is required – KPIs, dashboards, financial reporting by dimension etc.?

Tips and tricks to reduce the investment required for the implementation of ERP in the financial services sector:

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