SAP Digital Asset Management
What is SAP Digital Asset Management?
Digital asset management is both a process within an organization, as well as the technology used as part of that process. The goal of digital asset management is to create a centralized system for organizations to store and organize their digital assets. Types of assets typically included within digital asset management systems include documents, images, audio content, video, media files, graphics, presentations, or any digital media that requires rights to use.
SAP Digital Asset Management by OpenText is SAP’s digital asset management solution, which is specifically focused on capturing, managing, and delivering digital assets so that organizations can promote brand and marketing messages of their portfolios, products, and services. SAP’s solution is not home grown, but is a partner solution provided by OpenText, and the official product name is SAP Digital Asset Management Cloud by OpenText.
Vendors offering digital asset management services for SAP include: OpenText
1271 results
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How to Comply with the Provisions of IFRS while Recording Capital Asset Transactions in SAP ECC 6.0
Learn key adjustments that are required to make capital asset management compliant with International Financial Reporting Standards (IFRS). See the changes you need to make in SAP ERP Central Component (SAP ECC) 6.0 while transitioning from US Generally Accepted Accounting Principles (GAAP). Key Concept An organization needs to make adjustments in accounting for financial transactions...…
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Inflation-Based Revaluation of Fixed Assets
Learn the configuration done for monthly inflation-based revaluation. This configuration needs slight changes based on the frequency and inflation calculation methodology required for a specific implementation. Key Concept Inflation-based revaluation is a statutory requirement for several high-inflation countries. These countries publish an inflation index for revaluation of the fixed asset base of the company. In...…
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AUC with Investment Measure Using Work Breakdown Structure
FinancialsLearn how to implement assets under construction (AUC) with the Investment Management module using work breakdown structure (WBS). Follow a detailed discussion of the settlement process. Key Concept A work breakdown structure (WBS) element with its assets under construction (AUCs) can be termed as an investment measure. In simple terms, an AUC is created to...…
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Achieving Effective and Efficient Asset Management
In heavy asset intensive industries from manufacturing and processing facilities through to Rail, Aerospace, Utilities, Oil & Gas and Mining operations, the largest operational expense beyond the CAPEX of building the plant resides in maintaining the equipment required to do the job. Mastering SAP Premium Access Membership Required You must be a Mastering SAP Premium…
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How to Set Up and Process Leased Assets
Learn how to configure leased assets to make sure that not only depreciation is posted but also the interest and the periodic payments. Key Concept In SAP Asset Accounting (FI–AA) you can maintain several kinds of assets. One particular kind is the leased asset. Besides the standard fixed-asset functionality for this kind of asset, the...…
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Create Multiple Assets with Individual Characteristics in One Step
Learn how to customize the functionality required to simultaneously create multiple assets and still be able to maintain specific data for each individual asset. Key Concept Within Asset Accounting (FI-AA), you can create one asset at a time or multiple assets simultaneously. Since the release of R/3 4.0A, SAP supports simultaneous creation of multiple assets....…
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3 Ways to Ensure Accurate Depreciation Values in ECC
The primary focus of the Asset Accounting (FI-AA) sub-ledger is to accurately calculate and track values for fixed asset records. Often it is possible that planned values stored in FI-AA do not reflect the existing system configuration and therefore are incorrect. You can use program RAAFAR00 (recalculate values) to ensure that calculated amounts are correct....…
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SAP S/4HANA Finance: Understand the Different Options and Nuances of Enabling Parallel Accounting in New Asset Accounting
Learn about the configuration options available in SAP S/4HANA Finance to set up parallel accounting aligned to different accounting principles, especially when you are migrating from classic Asset Accounting (FI-AA), a parallel accounts approach, to the new FI-AA module. Key Concept The SAP S/4HANA Finance system provides a transparent, real-time, optimized IT solution for implementation...…
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How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards
Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more. Key Concept International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) guide global financial...…
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Improve Your Asset Reporting with Two Overlooked Tools
Preview this excerpt from Thomas Michael’s SAP PRESS book Reporting for SAP Asset Accounting to see some key reporting features in Asset Accounting (FI-AA). The book reviews both the various kinds of standard reports available and some important reporting tools that users often overlook. Key Concept Simulation versions are functions that allow you to consider...…
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