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What does SAP's Tax Management solution handle?
A. Various types of taxes and e-invoicing
B. Linking financial outcomes to operational drivers
C. Supporting quote to cash processes
D. Automating financial statements
Answer: A
NEW QUESTION # 41
Which of the following SAP solutions are designed to support Implementation of Business Controls and monitoring Compliance?
Note: There are 3 correct answers to this question.
A. SAP S/4HANA Finance for Group Reporting
B. SAP Business Integrity Screening
C. SAP Entitlement Management
D. SAP Process Control
E. SAP Global Trade Management
Answer: B,D,E
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Positioning SAP Business Suite via SAP Financial Management Solutions documents:
SAP's Governance, Risk, and Compliance (GRC) portfolio provides a comprehensive suite of tools designed to safeguard the organization through automated controls. SAP Process Control is central to this effort, offering a framework for implementing and continuously monitoring internal business controls. It moves organizations away from manual, sample-based audits toward automated, continuous monitoring of processes, ensuring that compliance is maintained in real-time.
SAP Business Integrity Screening complements this by scanning large volumes of transactional data to detect anomalies that might indicate fraud or errors. By identifying these "red flags" early, CFOs can prevent financial loss and protect the organization's reputation. Furthermore, SAP Global Trade Management (within the context of SAP GTS) ensures that all international trade activities comply with complex global regulations, managing everything from sanctioned party screening to license management. Together, these three solutions provide the transparency and oversight necessary for modern risk management. While SAP S
/4HANA Finance for Group Reporting is essential for consolidation, it is a closing tool rather than a monitoring control solution. SAP Entitlement Management focuses on rights management, which is distinct from the core financial business controls described here.
NEW QUESTION # 42
The head of which finance function is most committed to streamlining operations through automation?
A. Sales / Revenue
B. Accounting and Controlling
C. Treasury and Shared Service Operations
D. Audit, Compliance, and Tax
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Positioning SAP Business Suite via SAP Financial Management Solutions documents:
While all finance functions benefit from efficiency, the head of Treasury and Shared Service Operations is typically the most committed to streamlining operations through automation. Shared Service Centers (SSCs) are designed specifically to centralize and process high volumes of transactional data-such as accounts payable, accounts receivable, and travel expenses-across the entire enterprise. For these leaders, "efficiency is the product." Automation in Treasury and Shared Services is critical because manual processing in these areas leads to high operational costs, human error, and liquidity risks. By implementing solutions like SAP Cash Application (for automated payment matching) and SAP Multi-Bank Connectivity (for automated bank communications), these leaders can significantly reduce the cost per transaction and shorten processing times.
In the Treasury function, automation ensures that cash visibility is instantaneous, allowing for more effective liquidity management and risk mitigation. While Accounting and Controlling (Option B) also seek automation, their focus is often more on data integrity and closing speed, whereas Shared Services and Treasury are fundamentally driven by the operational "throughput" and cost-efficiency that only high-level automation can provide.
NEW QUESTION # 43
How does SAP Business Suite help organizations in their financial management?
A. By automating operations and predicting sales trends
B. By enhancing procurement efficiency and securing IT operations
C. By delivering timely reporting and optimizing liquidity
D. By unifying all core business processes and enabling real-time data sharing
Answer: B,C
NEW QUESTION # 44
Which of the following is a key feature of SAP Datasphere?
A. Manual data entry
B. Batch-based reporting
C. Limited data integration
D. Real-time data unification
Answer: D
NEW QUESTION # 45
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