Finance & Accounting

The "towing" of a modern way of conducting business

In the digital era, determining intangible assets is increasingly crucial: the administrative sector holds a privileged position, thanks to which it can be the trailblazer of a modern way of doing business and play a key role in directing company’s strategies.

To do so, the CFO should go beyond the classic idea of a report based on the statement of account and perform a predictive analysis, in order to promptly operate in the variable market scenarios.

Finance, guided by the Chief Financial Officer (CFO), is the most adequate department to provide information to all business areas and to influence company’s strategical choices, thanks to their inclusive vision and long-standing control on data.

CST Consulting supports your company in its administrative, financial and management processes (making them more effective and efficient) in order to meet your requirements and realize the company’s strategies, working with useful tools for business management.

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The areas concerned
  • multi level accounting (IAS, IFRS, ect)
  • regulatory compliance
  • centralized treasury
  • liquidity forecast
  • cash flow statement
  • financial products
  • profit forecast
  • product cost management
  • cost analysis
  • job order accounting management
  • budget management and forecast
  • financial and analytical dashboard reporting
Financial Solutions
Capital Leasing: IFRS16, a new accounting principle

Management of real estate and leased property in SAP Real Estate flexible solution, according to the new lease accounting standard, IFRS 16, with an effective date of 1 January 2019.

Current financial resources condition

Helps you overview – in SAP – the current situation of the company’s liquidity, by analyzing the operations on bank accounts and providing you with the possibility of consulting single banks or banking group’s data.

Medium/long-term forecast data

In order to manage medium/long-term cash flow, SAP additionally provides forecast data derived from logistics (clients and suppliers orders), accounting (invoices payable and receivable) and treasury (overdraft, fundings, financial products, etc.), thus providing a valuable tool for the management of cash flow.

Cash flow statement

Cash flow statement analyzes the economical and property sides of cash flow – a crucial factor for company’s management – thus establishing on which economical and property areas to invest more, and creating a strategical vision of the planning of financial resources.

Financial products

The management of financial products is an increasingly important business need. Thanks to SAP, you can manage all your business-related financial products (Money Market, Forex, Stocks, etc.); you can manage both financial products registry and their related accounting processes – within accounting and treasury departments.

Centralized treasury processes

The management of centralized treasury processes is gaining importance, in order to optimize, streamline and control all treasury-related processes, and for saving money. SAP includes payment factory solutions to centrally manage – from the holding or parent company – all the payments and collections derived from subsidiary companies. This eliminates direct relationships between banks and subsidiary companies.

Management dashboards for Business Intelligence

Management dashboards are designed for Business Finance areas (administration, finance and control) and Business Intelligence. Thanks to management dashboards, you can analyze important data for your business, including concise data and detailed information. They offer multiple services and graphic, dynamic and interactive objects that help and guide the administration in the analysis of the information, and support their business management process.

Advanced solutions for invoicing

CST offers simple and safe electronic invoicing solutions for sending invoices to PA. This service automates PA electronic invoicing through these steps:

  • Management and support for the creation of electronic invoicing and data formats for PA
  • Automatically sign invoices with a certified digital signature
  • Store invoices in a document repository
  • Send invoices to PA via SDI Sogei Interchange System and PEC to PEC
  • Verify, control and manage automatic receipt issued by PA
  • Electronic storage according to the law on electronic invoices

The user-friendly solution that automates electronic invoicing between private citizens and helps:

  • Manage and support the creation of .xml electronic invoices
  • Automatically sign invoices with a certified digital signature
  • Store invoices in a document repository
  • Send invoices to the client via SDI Sogei Interchange System or PEC to PEC
  • Verify, control e manage System-generated replies
  • Store invoices according to the law on electronic invoicing
Management of accounts receivable - CST Accounts Receivable Solution

Accounts Receivable Solution (ARS) is the solution we designed for the management of accounts receivable. The electronic management of Accounts Receivable is one of the core-business processes we can optimize in a short time and with a better cost-benefit ratio (ROI 6-8 months). In this context, the use of IBM FileNet P8 Content Manager cutting-edge and integrated tools is a crucial factor for the fulfillment of these goals.

In order to meet lawful storage and electronic invoicing requirements – compliant with current regulations – ARS can be integrated with CST Dockeeper.

Management of accounts payable - CST Accounts Payable Solution

Accounts Payable Solution (APS) is the solution for the management and automation of accounts payable. We have designed this solution thanks to our experience in complex projects of accounts payable management and of integration with our clients’ own management systems. The solution:

  • is natively integrated with SAP and it can be integrated with other ERP systems
  • helps you manage account payable in “early” or “late archiving” mode
  • is based on the market-leading platform IBM FileNet

The steps for the automation of accounts payable are: entry of documents on accounts payable, control of data accuracy/coherence, data archiving and classification, integration between ECM and ERP systems, approval process automation and optimization of the exchange of information, all thanks to Business Process Management, which helps configure the approval procedure based on the specific client processes, and monitor and track activities in real time.