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Ibm (international business machines), United States

Author:

Subash Thota

Subject Area:

Social Sciences and Humanities

Abstract:

SAP is one of the most notable Enterprise Resource Planning (ERP) solution. The uniqueness of SAP is that its various business process is seamlessly integrated. For an example, person posting goods receipt at warehouse is expected to impact financial accounting such as inventory account and account payable account. In normal case, warehouse management system generate message to post appropriate accounting entry in financial applications. In case of SAP, this posting happens in seamless way. The moment warehouse user post goods receipt in system, the financial entry posted. It’s so tightly coupled that system ensure both inventory and accounting posting happens together or none.In this paper, we’ll discuss general financial concept and SAP MM-FI integration point.

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