SAP MDG for Financials (MDG-F)
Inconsistencies in financial master data arise from local, non-standardized maintenance processes (e.g. different charts of accounts) with, in some cases, manual workflow steps in a heterogeneous global system landscape. This not only affects the operational efficiency, but also the input required for the respective financial statements when preparing evaluations and the subsequent manual adjustments.
In addition to this, increasing complex regulations require organizations to have change transparency and audit trails.
SAP MDG for Financials (MDG-F) offers central maintenance and governance solutions for a wide range of financial master data. These include, for example, accounting objects such as standard and group charts of accounts, general ledger accounts, companies and Controlling objects such as profit centers, cost centers and their hierarchies. In addition, customer-specific objects can also be implemented with MDG-F.
Specifics of SAP MDG-F:
- Consolidation of company financial data with the financial data of the subsidiaries
- Mapping between corporate and operative standard charts of accounts
- Tracking of the change processes and process setup possible within the scope of IFRS, Sarbanes-Oxley, GAAP, etc.
- Time-based and period-based versioning: Transparency, traceability, edition (summary of multiple work steps for the final release)
The centralized MDG-F system permits the user-friendly management of your financial data and specific customizing options in order to comply with legal requirements with the aid of holistic integration into your SAP ERP system. In particular, SAP MDG-F is notable for allowing existing SAP ERP data structures and objects to be reused, which in turn allows checks and validations to be used analogously. The user interface is based on ABAP WebDynpro programming to respond flexibly to changes in requirements.
Camelot ITLab is the expert in consulting on and implementing MDG-F, and, with its project experience and expertise, constitutes a first-class partner for the successful realization of your requirements in the area of financial master data. We analyze and evaluate your current business processes in this area, develop a customized design for your enterprise, which can satisfy all the requirements jointly defined with you, and support you in the sustainable implementation of the IT solution.