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Accelerate Your SAP Financial Closing Process Many firms struggle with, or wish to speed up, their financial closing cycle. Typical closing cycles involve time-consuming manual tasks, such as journal entries, accruals, intercompany reconciliations, manual SAP batch job modification and submission, and the gathering of financial data from across different systems for consolidation and validation for final report production.
In larger companies, the closing cycle can be even more complicated because the work of numerous people must be coordinated across different subsidiaries, divisions, time zones, and software systems. Each closing task must be performed correctly and in the proper sequence, or delays can result.
Typically, these tasks are managed using spreadsheets with a lot of manual interaction from the financial teams. Although spreadsheets may help in identifying particular tasks and the time in which they need to be completed, they fail in their ability to enable scheduling, collaboration, monitoring, and control across various teams and locations.
Typically we can speed up your Financial Close by between 25% and 60%
Whatever size company you are, we can dramatically improve the automation, speed, visibility, control and accuracy of your Financial Close. It may be a case of simply automating your existing closing processes using standard SAP Scheduling and Automation tools (often free of charge for a single general ledger system) or you may wish to investigate implementing SAP's Financial Closing Cockpit which is a graphical tool designed for the purpose of standardizing and fully automating the closing cycle, giving you complete control and visibility over the entire process.
Please complete the form below to arrange for a free of charge 1 day Business Value Assessment to determine how we can best Accelerate Your Financial Close (UK&ROI only)
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