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SAP FB01 Workflow & Compliance

Promenta’s SAP FB01 Workflow solution enables a web based, audited and reportable process for Finance teams, with comprehensive Excel integration.

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Easy to use directly from the browser or Excel using the Promenta Excel Add-in.

Overview

Promenta Solution Overview

Promenta’s SAP FB01 Workflow enables a web-based, audited, and reportable process for Finance teams, bringing automation, compliance and control to the period close. It deploys and runs inside SAP ECC or S/4 HANA and integrates with your existing SAP finance rules, transactional validation and security model. Promenta works with a fully validated virtual journal document, including external attachments, which is then cleanly created in the relevant SAP ledger when all journal approvals are in place. A high level of data integrity is ensured, through a full simulated posting at the request stage of the process. Flexible approval routing is possible at multiple approval levels. All SAP journal fields are supported. It is possible for requesters to validate and submit their Journal Request directly from Excel. Book a demo to find out more about SAP FB01 Workflow!

SAP FB01 Workflow – Explainer Video

This explainer video provides and overview of Promenta FB01 Workflow (3:30 mins)

Why Promenta SAP FB01 Workflow?

Why Promenta Solutions
  • Digitize all manual SAP Journal FB01 activity at SAP Period Close (FBD1, FBS1, FB50 and many more, also supported)
  • Automate SAP Journal FB01 Workflow with a user friendly, compliant, robust web based process.
    • Optional MS Excel Add-in allows Journals to be “Sent-To-Workflow” directly from MS Excel (includes SAP pick lists
  • Support for large journals (more than 999 line items) and multiple journals in single request
  • Multiple support/evidence attachments can be included in requests (saved in SAP against Finance document)
  • Full posting simulation before the request can be submitted for approval
  • Flexible workflow routing capability using any meaningful field in the request (company code, G/L Account, Journal Value etc.)
  • Ability to setup approval substitutes and forward requests
  • Email notifications and “team inbox” capability
  • Comprehensive audit and real-time process reporting (including process ageing by team)
  • Ability to remove all powerful SAP Finance transaction codes from end users
  • Promenta runs 100% inside your own SAP ECC or S/4 HANA system (SAP Certified Partner Product). No cloud or external server integration required.

 

SAP FB01 Journal Workflow – Audited & Reportable Approvals

Promenta Workflow Audit and Reporting

Summary

The Promenta SAP FB01 Workflow solution comes with built in workflow software, which is highly configurable to accommodate your own rules. Workflows route automatically to designated approvers according to meaningful fields in the request such as company code, journal value or G/L Account (and more). Approvers are notified by email and can also access their own personal inbox to approve journal requests. Where applicable, approvers can set up substitute approvers when they are out of office and forward requests to authorized colleagues.

 

SAP Workflow Approval Routing Rules

The workflow routing rules – sometimes called the approval matrix – defines who your approvers are according to your process. Promenta allows you to define anything from very simple one-step approvals to multi-team, multi-step, multi-level approvals, based on all kinds of data. We will collaborate with your project team to ensure a smooth translation of your exact workflow routing needs and Approval Groups, into our Promenta SAP FB01 Journal Workflow configuration tool. When this has been defined Promenta has a powerful SAP based transaction, which gives full audited control to your own in-house teams, to assign users in and out of your designated Approval Groups.

 

SAP Journal Entry Workflow – Reporting

Promenta provides a comprehensive journal process reporting capability delivering full transparency on all manual journal activity as the Financial Period is closing. Your process controllers and financial support teams will know exactly which journals have been fully approved, posted and completed and what is still pending approval and posting before the books can be closed. In addition to journal process reporting Promenta provides a real-time reportable audit trail of all users who have approved or rejected a specific journal request, providing all the information that your auditors require to prove you are running a well-planned and controlled process. All of this real-time reporting is available securely from within your SAP system itself.

SAP FB01 Workflow Compliance

Promenta Process Compliance

SAP FB01 Journal Workflow Compliance

SAP FB01 Journal Workflow compliance is often a key driver for our customers in implementing Promenta, which enables a consistent, rule based, controlled process for manual SAP journals during period close. Promenta enables compliance in these key areas:

  • End to end, fully audited, journal request an approval process, with full audit trail preserved inside Promenta, within SAP. All users involved in requesting and approving the journal are audited and are fully reportable from within SAP using Promenta reporting tools
  • Enforcement of segregation of duties (SOD), whereby a requester cannot approve their own request, unless of course the rules allow it, where a journal is correctly below an agreed approval threshold
  • Only authorized SAP users who are allowed to make requests can do so for specific parts of the business
  • Opportunity to remove all powerful SAP Finance transaction codes from end users in your SAP system, supporting Sarbanes Oxley (SOX) compliance initiatives

 

 

Promenta SAP Integration

Promenta SAP Integration

Summary

All Promenta solutions are fully integrated with and deploy into your own SAP systems. In fact they run inside the SAP system andusing the same technologies that SAP uses.

Promenta is a SAP Certified partner product which runs inside SAP ECC6 (all EHP levels), S/4 HANA (1609 onwards), CRM 7.0 and integrates with SAP Fiori. It is also possible for Promenta to communicate externally outside of SAP, using web service technology, if there is a requirement to do so. Ask Promenta about our use cases in this area.

 

Installation & Servers

Promenta can be installed into your SAP system in less than one day. It does not require any additional servers or any increased server capacity.

No cloud servers or external connections are required.

Your data is not stored by Promenta - it stays in your SAP systems, fully under your control.