Streamline Cash Management and Liquidity Forecast with SAP S/4HANA

Freeport LNG is a private company. A significant portion of internal and external reporting are cash basis. Before the implementation of SAP Cash Management and liquidity forecast, many cash-relevant transactions were recorded in SAP via manual journal entry, and cash actuals were converted from GAAP (generally accepted accounting principles)-based accounting. Process efficiency and productivity were challenged due to massive manual operations on spreadsheets.

During this webcast, Renee Fan will give a preview of her 2019 Best Practices for Oil & Gas session on the newly implemented cash functionality that introduces straight-through processing and transforms the treasury management system, using SAP S/4HANA as a side-car workstation. Finance professionals are redeployed from manual tasks to value-added analysis and the system is now able to generate cash-basis reports with consistent and reliable system data, allowing the company to share information in a more secure and effective manner.

Key takeaways:

• Significant time and cost reduction associated with manual operations
• Support real-time reporting with reliable and consistent system data
• Improved security and controls including fraud risk reduction

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