SAP Financials On Demand Review

Let our Accounting & Finance Software Experts help you find the right Software for your Business!

Last updated: Oct 21, 2018

SAP Financials On Demand Review

18 reviews
(4.5/5)

Small business, Medium business, Large business

SAP launched Financials OnDemand in late 2012 as a stand-alone financial management solution designed exclusively for the cloud. It tracks end-to-end financial transactions from order to cash and procurement to

Compare Pricing

Watch SAP Financials On Demand Video:


What is SAP Financials On Demand? Updated: Oct 21, 2018

SAP launched Financials OnDemand in late 2012 as a stand-alone financial management solution designed exclusively for the cloud. It tracks end-to-end financial transactions from order to cash and procurement to payment, provides rich embedded data analytics focused on KPIs, and supports mobile devices as well.

SAP has been the acknowledged world leader in Enterprise software for many years, and has a long history with financial management solutions with a well established global customer base. Financials OnDemand is part of SAP’s One Cloud strategy to bring together many of its major Enterprise solutions into the Cloud, which is considered one of its fastest growing business areas.

SAP Financials On Demand Average Rating -

The average rating of SAP Financials On Demand is 4.5 stars. The rating is based on 18 aggregated online reviews.

SAP Financials On Demand Typical Customers

Financials OnDemand has been designed to target medium and large businesses and is primarily focused on the Finance departments in these organizations.

It can be used by accountants to manage the complete financial process, by the Finance Manger or CFO to oversee the overall financial operations, as well as executive management to monitor real-time financial performance.

Financials OnDemand is not focused on any one industry vertical, but is instead viewed as a cross industry product that can address financial requirements in various business settings. The product has a growing customer base which includes a variety of companies such as Aasonn, Citrix, T-Mobile, Nespresso and Hilti to name a few.

SAP Financials On Demand Features

As it is a cloud based solution, Financials OnDemand can provide complete control of your financial operations with universal access via your mobile device.

It can help transform your financial data through advanced analytics into strategic information which is visible for all of your business lines. Additionally you can get a real-time view of the company’s liquidity and cash flow. The product has been designed to incorporate both local and global accounting rules to ensure financial transactions are streamlined and thereby increasing overall productivity.

There is also a seamless integration with SAP’s other cloud offerings including Sales, Travel and Payroll allowing a migration path to a full enterprise cloud solution as and when your company is ready.

SAP Financials On Demand 5 Pros

  • Financials OnDemand is standalone application with an open architecture that allows it to easily integrate financials with other LOB solutions.
  • It ensures compliance through transparent document flows and controlled workflows, with support for many global accounting methods.
  • The software allows secure enterprise collaboration of financial data through JAM social network.
  • Utilization of HANA by Financials OnDemand allows for high speed data processing and multi- dimensional reporting.
  • It is designed to provide a Single Source of Truth so there is no need for financial data reconciliation.

SAP Financials On Demand 2 Cons

  • Customers’ resistance to put critical financial data into cloud based solutions such as Financials OnDemand.
  • The software is not suited for the SME market.

SAP Financials On Demand Alternatives

Some of the main competitors for SAP Financials On Demand include Financialforce and Intacct.

Financialforce provides an ERP solution similar to SAP, with a cloud based financials module that includes core accounting; spend management, fixed assets accounting as well as revenue recognition to ensure business profitability. The product provides a collaboration platform which can be used to engage the sales & service departments on financial performance, and there are analytic tools to deliver financial reporting requirements. Additionally the product can also be accessed via mobile devices.

SAP Financials On Demand in comparison while similar in scope to Financialforce, also includes planning & forecasting tools with dashboards to analyze key financial KPIs. Additional options include financial risk & compliance, real estate lifecycle management as well as travel expense control. The product can be deployed as an on premise or cloud based model, with an option for hybrid deployment if required. It also utilizes the SAP HANA platform to improve application performance.

Then there is Intacct which provides another cloud based accounting solution. In addition to core accounting it also provides project accounting, time & expense management as well as inventory costing. Additionally there is an API to allow interconnection with other applications, as well as workflow automation which can be customized to meet financial flow requirements.

While SAP Financials On Demand includes workflows, it does not address project accounting as part of its core product. However the product does include shared services to streamline the provision of financial management services across different functional departments of an organization.

SAP Financials On Demand Pricing Information

The price depends on the deployment option and it is only available by request.

SAP Financials On Demand demo

25 questions to ask the vendor on SAP Financials On Demand demo


SAP Financials On Demand Categories

Billing & Invoicing
Budgeting & Forecasting
Core Accounting
Financial reporting
Fixed Asset Accounting
Fund Accounting
HR Accounting
Inventory Management Accounting
Payroll Accounting
Project Accounting
Work Order Accounting
Human Resources Module

Specifications

Company:
Address: Walldorf, Germany
Website:SAP Financials On Demand
Customers: Small business, Medium business, Large business
Business Area: Finance management
Platforms: Desktop
Operating Systems:


SAP Financials On Demand Features

Cash Flow
Cash flow/cash budget
Real Time Comparisons


17 Apr

Top 5 Budgeting and Forecasting Software (2018)

Top 5 Budgeting and Forecasting Software - You already know that even a slight error, negligence, and typo can affect the budgeting process, ruining the validity of budget strategies. It is here that a budgeting and forecasting software tool can come... read more


19 Jan

Top Legal Billing Software (2018)

With technological evolution, the management of law practices has undergone a change. It is helping address the ever-growing needs of the law practice, as attorneys look for specialized legal billing software to make tasks easier. Tracking billable h... read more



23 Dec

Xero VS QuickBooks Online 2017 Comparison

When it comes to choosing an accounting software solution, you have plenty of options. But a plethora of options is certain to leave you overwhelmed. It is a challenge to pick the best from the rest. Worry not! Here are a few noteworthy points of com... read more


22 Jan

2017 Cheapest Accounting Solutions

Keeping track of your financial activity is critical to the smooth running of your business. Of course, you don’t want to invest too much on an accounting tool. Worry not! We bring to you a list of some of the cheapest accounting solutions that will ... read more




18 May

The Best FREE Business Accounting Software for 2018

When looking for an accounting solution, you want a tool that can save you time while taking care of a majority of your tasks, taking the stress out of small business accounting. This includes financial reports, invoicing, automated entries, expense ... read more


27 Sep

How to Find Distribution Software in 5 Easy Steps

Implementing the proper distribution system is crucial to the success of your business. The right distribution software can facilitate management of business operations by tracking products and terms for customers and suppliers. Distribution systems ... read more


02 Sep

#1 Accounting Software for Small Business

Most small businesses fail for the lack of a good accounting software system that could give them a clear picture of their finances and alert them that their business is in a financially crunching situation and could run out of cash. When it comes to... read more


21 Dec

5 Easiest to Use Accounting Solutions

As a business, you do not want to be inundated with crunching numbers, invoices, taxes, financial transactions, and payroll processing. It is here that the right accounting solutions can come to your rescue and get the job done for you, helping you m... read more


22 Dec

5 Differences Between BambooHR and Zenefits Software

An efficient workforce can bring a dynamic change in the success of your organization. A robust, intuitive, and feature-rich HR solution can help manage your workforce and key aspects of the employee lifecycle. With a user-friendly workforce manageme... read more


07 Nov

2018 Best Payroll SaaS Software for Enterprise

Payroll processing is a crucial part of business processes. Efficient management of payroll is important to keep the processes running smoothly. Payroll software could save you time and money by efficiently managing payroll and employee data, increas... read more



04 Oct

2018 Best Law Firm Accounting Software

Since time is value for law firms, an accounting software solution that can efficiently record billing and time information is of high importance. The solution should be able to flawlessly organize work time and schedules, producing detailed accurate... read more



29 Sep

Top 5 School Accounting Software

Education accounting systems are crucial for smoothly managing and organizing your school accounting records. With tight budgets, schools are under intense pressure to be transparent in their financials. The education accounting software gives crysta... read more


30 Sep

Leading Accounting Software for Engineering Industry

Project-based accounting software is what engineering firms need to efficiently handle unique accounting challenges, including tracking labor, billable hours, and usage of materials. Accounting tools are designed to perform time-recording and billing... read more


28 Sep

Top Accounting Software for CPAs

Make your practice more productive and profitable with cutting-edge accounting solutions while reducing time-consuming manual efforts. As certified public accountants, you need a solution that can help you manage finances for dozens of corporations a... read more


24 Sep

2018 Best Budgeting & Forecasting Software

Budgeting & forecasting software is an indispensable part of every business today, especially with so much planning and work going into your financials. Such a tool can come in handy to pull together all the information about different areas of your ... read more


27 Sep

Accounting Software for Small Business

If you are a starting a new business or you are already a business owner then such a software is essential. New or Small businesses do not usually have a CFO or an accountant/bookkeeper as a staff member and in these cases, a good accounting software... read more


16 Aug

Top Web-Based Project Management Solutions

You aim to deliver projects on time and need a solution that can make life much easier and, of course, more productive. Online project management software solutions are designed to enable efficient management of multiple projects, facilitating planni... read more


20 Jul

Top 5 Fixed Asset Accounting Software

Whether you are a small or large business, fixed asset accounting software will benefit you in more ways than one, helping you track asset characteristics, such as audit history, location, and maintenance scheduling, and calculate cost and depreciati... read more


19 Jul

How to Choose Business Accounting Software: Flow chart

Without a doubt, a good accounting system in a corner stone in any company, regardless of its size or industry and this is why, when selecting one, you should focus on the benefits and future needs other than core accounting. Core accounting is a gi... read more


11 Oct

5 Accounting Tools for Small Business

Accounting software records and processes financial transactions related to the main functions of accounts payables & receivables, general ledger, billing, stock & inventory, and purchase and sales orders. There are many available solutions that addr... read more



30 Oct

Top 5 Accounting and Finance Software for Startups

Accounting and Finance are one of the key operations of any organization as they determine the ultimate profitability of the company. It is only through these activities that a company can recognize its primary expenses, and key revenue earners, iden... read more


30 Oct

Top 5 Accounting and Finance Software for SMBs

Financial operations at a company are important for understanding cash position and business profitability, as well as see how well the organization is receiving its payments and managing its costs. The basic premise is that companies need to ensure ... read more


16 Nov

Top 5 Fixed Assets Accounting Software for Startups

Financial management for companies covers a number of domains these days as the complexity of accounting requirements and regulations have increased. This has primarily been caused due to need to streamline costs and ensure profitability over numerou... read more



26 Jan

5 Free or Low Cost Accounting Software

So this year 2015 has just started and you promised yourself that you would start using a better Accounting Software for your company, but then prices bring you back to reality? Don’t worry, we at ITQlick have brought for you a selection of five FREE... read more


14 Jul

10 Mistakes to Avoid When Choosing Accounting Software

The growth and success of a business depends on focusing on your core competencies while paying attention to the management of your accounts and overall finances and track of your income and expenses. Choosing the right accounting software could be t... read more



SAP Financials On Demand 8 Alternatives