Bayer Business Services: Finance and Accounting

High-performance solutions for accounting

The Finance and Accounting core area of Bayer Business Services covers the entire value-added chain for finance and accounting services.

Bayer Business Services…

develops, implements and operates financial process solutions;
integrates solutions into existing work and process flows;
provides support;
or handles the entire business process for its customers.

Bayer Business Services’ strength in finance and accounting lies in its special expertise in systems development and implementation, workflow, system support and accounting services and the close integration of these areas. The combination of technical and business expertise is the foundation for integrated process solutions that meet the most stringent requirements.

The experts at Bayer Business Services design solutions and systems for financial reporting and financial statements consolidation (Global Company & Reporting Solutions). The Enabling Services unit provides high-performance solutions for secure electronic data processing, archiving and signature. The Global SAP Solution & Application Services department supports SAP solutions and refines them to meet customer-specific needs. It also provides special tools to extend or supplement SAP functions.
Actual accounting services are provided by Bayer Business Services' two international service centers in Leverkusen and Barcelona. The roughly 400 employees at each center are specialized in the efficient performance of the following processes:

Accounts payable and accounts receivable
Asset accounting
General ledger
Closing
Group reporting

The demands on accounting have increased sharply in recent years for a variety of reasons – with respect to currentness and consistency of data, the integration of process steps, and especially the significantly tightened accounting regulations. Quality is therefore the decisive criterion for solutions utilized by Bayer Business Services in its Finance and Accounting core area. All processes are precisely documented in accordance with regulations. Each change is made in compliance with the internal controlling system to ensure quality and is discussed in detail with all involved, including external auditors.

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