Blockchain Based Supply Chain and Finance Reconciliation Frameworks in SAP Environments
Year: 2024
Type: article
Abstract: This article presents a blockchain reconciliation framework that improves transparency, automation, and trust within the SAP supply chain and finance processes. The implemented system with smart contracts on SAP modules FI, MM, and SD permits real-time verification of supply chain activities and financial transactions, thus minimizing manual matching and third-party verification processes. The framework enables automated three-way matching and updates across modules by storing transaction states in a distributed ledger that captures changes. Based on experiments conducted using SAP simulation data, the accuracy of reconciliations increased by 92%, processing time was cut by 41%, and manual processing steps were reduced by 67%. The results demonstrate the capability of blockchain technology to solve pervasive challenges related data integrity and reconciliation within enterprise ERP systems.
Author: Nagendra Harish Jamithireddy
Institution: The University of Texas at Dallas
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4409027787