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Accounting and Financial Close

Achieve a faster, more compliant financial close and streamline accounting processes – with SAP

Close the books quickly and accurately – and simplify financial reconciliation – with accounting and financial close software from SAP. Our solutions can help you consolidate financial accounting data, no matter how disparate, and gain a single source of financial truth. Get real-time insight into your financial close process, drill into details to quickly resolve delays – and create statements and disclosures that comply with financial reporting standards such as IFRS, U.S. GAAP, and others.

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How to close the books at record speed

Achieve a faster, more efficient, and higher quality financial close with SAP S/4HANA. Get accurate, real-time insight into KPIs and closing status, quickly analyze and resolve issues, and complete your month-end close in record time. Here’s how.

Get real-time insight into your financial close

Monitor and manage your financial close any time, anywhere, on any device – with SAP Smart Business for Financial Close. Discover how the software gives you real-time insight into the progress, quality, and results of your end-to-end closing process.

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Introducing
SAP S/4HANA Finance

Reimagine financial accounting and closing processes for the digital age with SAP S/4HANA Finance. The software uses in-memory technology to help you close the books faster, improve compliance and control, and reduce workloads and costs.

Solution Capabilities

Included Capabilities

Accounting

Deliver faster, more compliant financial reports with real-time accounting support

Accelerate compliant financial reporting with automated accounting capabilities, harmonized data – and support for multiple financial reporting standards, industries, currencies, and languages.

  • Automatically record and valuate business activities from different modules or systems
  • Help ensure complete data across the general ledger, sub-ledgers, and logistics
  • Use self-service analytics on highly granular data to support rock-solid decision making


Learn more about our accounting solutions

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Entity Close

Enable stronger governance and faster execution in your entity financial close

Boost the compliance and speed of your entity financial closes – with software that supports fast, efficient peer-to-peer reconciliation of intercompany balances and invoices between subsidiaries.

  • Leverage real-time identification of mismatches, error correction, and status updates – within financial documents
  • Plan, execute, and monitor closing activities across multiple entities and cycles
  • Share best practices and improve overall governance and efficiency


Learn more about products that support this capability:

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Corporate Close

Increase the reliability, transparency, and speed of financial consolidation reporting

Combine legal and management consolidation and reporting capabilities in one tool – to get one version of the truth that accelerates your corporate close, cuts costs, and prevents the merger of multiple reports.

  • Support various currencies and global reporting standards
  • Automate the close process to reduce common errors
  • Analyze information in record time


Learn more about products that support this capability:

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Reporting and Disclosure

Streamline regulatory filings and disclosures

Automate and simplify processes for your external and internal disclosures – and use robust business intelligence capabilities to support fast, fact-based decision making.  

  • Get visibility into the KPIs driving your business
  • Analyze and share data from multiple sources
  • Create XBRL-based financial statements
  • Use preconfigured kits to accelerate legal compliance
  • Lower risk, reduce errors, and increase accountability


Learn more about products that support this capability:

SAP S/4HANA
SAP S/4HANA, cloud starter edition, finance option
SAP Disclosure Management
SAP BusinessObjects Business Intelligence platform
SAP Notes Management

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Financial Close Governance

Ensure a high-quality, compliant financial close

Create, update, and monitor financial master data in one system – and distribute changes anywhere – to accelerate the financial close process.

  • Strengthen and document internal controls
  • Streamline testing and assessments
  • Perform timely remediation
  • Generate accurate reports that comply with multiple regulations


Learn more about products that support this capability:

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9 trends shaping the finance profession

CFO Research surveyed 1,500+ finance professionals to find out how their careers are changing in the digital economy. Read the report to discover the nine trends shaping the future of financial management – and the five actions you can take to be ready.

 

Fast-track SAP deployment

Go live with SAP financial close and accounting functionality in a few short weeks – with our rapid-deployment solutions. These preconfigured software and service packages can help you accelerate the month-end close process, improve account reconciliation, comply with financial reporting standards, and more.

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Easily adopt and maintain SAP solutions

Get the support you need to efficiently implement and operate your SAP financial close software – and quickly take advantage of new technologies. We offer a range of support services, from foundation level to strategic engagement and co-innovation.

View the latest product documentation

Visit our user-friendly help portal to gain instant access to the latest SAP product documentation, and receive a wealth of information about your financial close software – from installation and upgrades to security, integration, and availability.

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SAP Digital Business Services

The digital economy is having a profound impact on SAP customers and requires a new level of orchestration to evolve your business, unleash full business value, and ensure business continuity. SAP Digital Business Services brings business and IT together to help you reimagine your business using our digital business framework.

Based on over 40 years of experience working with the world’s most progressive organizations and a robust partner ecosystem, SAP Digital Business Services can guide you on the path to innovation and digital transformation, while securing critical business processes.

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Quickly adopt tools for FP&A, accounting, financial close, treasury and risk, financial operations, and GRC

Transform finance with cutting-edge technologies such as Big Data, in-memory, cloud, and mobile

Develop a road map to maximum business value and rapid ROI – and make your projections
a reality

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