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Accounting and Financial Close Solutions

Gain greater financial insight and control through a faster, compliant financial close with less cost and effort

Streamline the recording of accounting data for multiple companies, currencies, charts of accounts, reporting standards, and industry requirements with SAP software for accounting and financial close. Efficiently close books on time, and create financial statements at the entity and corporate levels for International Financial Reporting Standards, U.S. GAAP, or other local requirements. Gain real-time financial insight based on a single source of truth of detailed information.

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Solution Capabilities

Included Capabilities

Accounting

Enable accounting support for multiple financial reporting standards, industries, currencies, and languages

Automatically record and valuate business activities from different modules or systems with SAP software for accounting. Help ensure complete and consistent data across the general ledger, sub-ledgers, and logistics with a full audit trail. Enable harmonization, and get real-time, self-service analytics directly from highly granular operational data. Deliver better and more compliant reports, enable smarter and faster decisions, and close books quickly at less cost.

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Entity Close

Enable stronger governance, faster execution, and higher efficiency in your entity financial close

Enjoy fast, efficient peer-to-peer reconciliation of intercompany balances and invoices between subsidiaries with SAP software for entity close. Work directly on financial documents, supporting real-time identification of mismatches, error correction, and status updates. Plan, execute, and monitor close tasks across multiple entities and closing cycles to improve governance, share best practices, and drive efficiency. Increase the compliance, efficiency, and speed of entity closes.

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Corporate Close

Increased reliability, transparency, and speed of consolidated financial reporting

SAP software for corporate close provides legal and management consolidation and reporting capabilities within the same tool. This saves time and money, providing one version of truth and preventing the merger of multiple reports. Supporting multiple currencies and global reporting standards in a faster, automated fashion reduces manual effort and prevents common errors. You can generate timely, reliable information and analysis by automating the consolidation process.

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Reporting and Disclosure

Better insight and reduced time, risk, and costs of regulatory filings and disclosures

Rely on business intelligence solutions from SAP for fact-based decision making. Get information when and where you need it to better understand business needs. Gain visibility to key performance indicators to know what's driving business. Analyze, digest, and share data from multiple sources. Eliminate manual processes, reduce errors, and increase accountability for external and internal disclosures. Create XBRL-based statements and accelerate legal compliance with preconfigured kits.

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Financial Close Governance

Enable a high-quality and compliant financial close through consistent financial master data and sound internal controls

Efficiently execute, control, and monitor the creation and updating of important master data with SAP software for financial close governance. Maintain master data in one system, and distribute changes across multiple systems. Access reliable data to accelerate the financial close, generate accurate reports, and comply with multiple regulations. Increase compliance by documenting the internal control system, streamlining testing and assessments, and performing timely remediation.

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Take the Fast Lane with Rapid Deployment

Improve operational efficiency, increase compliance and accelerate accounting and financial close processes with packaged solutions and simplified deployment options.

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Quickly adopt and maintain SAP solutions

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

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View product documentation

Get a wealth of information – about everything from installation and upgrades to security, integration, and product availability.

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Accelerate accounting and financial close with SAP Service and Support

CFOs today are asked to accelerate financial and regulatory reporting, but many operational challenges exist. The lack of integration leads to manual error-prone reconciliation. Your teams are faced with long posting and closing cycles with multiple batch runs and dependencies. And, the insufficient corporate governance, transparency, and traceability are increasing pressure to initiate change and transformation. You have the opportunity to simplify your business and drive business strategy.

Make sure your SAP solutions meet your business needs simply and seamlessly – with help from SAP Service and Support. Our 30,000+ consultants have unparalleled product knowledge, technology expertise, and experience across 25 distinct industries.

We’ve recently refined the way we engage with customers, to make it even easier for you to drive transformation and simplify your business. Whether you want to speed up implementation, move to the cloud, customize your solution, optimize IT, or do something completely different – the SAP Service and Support team is here to make it happen.

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Reduce days to close by 41%*

Lower audit costs by 67%*

Achieve 56% lower G/L and financial closing costs*

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Need a faster financial close?

Get a glimpse of a new solution that features SAP Business Suite powered by SAP HANA, the latest technological revolution available from SAP.

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Real-time insight delivers benefits

See how SAP Smart Business for Financial Close provides real-time insight into the progress, quality, and financial results of the end-to-end financial close process—and also supports related actions.

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