SAP TR stands for Treasury, providing competitive advantage through treasury process management. Module automates tasks and strengthens SAP SCM financial system. Enables cash management, liquidity forecasting, and risk mitigation
Oversees organization's financial health and strategy development. Creates financial reports and manages investments. Analyzes data and market trends to develop financial plans. Ensures compliance with financial regulations and laws. Manages cash flow and liquidity requirements
Accounts payable managers verify invoices to prevent fraudulent payments. Invoices are checked against purchase orders and delivery notes. Only complete information matches supporting documentation for payment
Invoice requests payment with detailed goods/services information. Receipt proves transaction completion and shows payment has been made. Both documents are legally required for tax purposes
Top management has highest authority in organization, directly reporting to owner. Top executives focus on strategy and vision, dismissing lower-level managers
COO is a senior executive overseeing business operations and strategy. Second in command after CEO in company hierarchy. Part of C-suite, including CFO, CIO, CMO, and CTO