Accounting and Financial Close

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

Finance Financial Close

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.

Gain a full view of leases

See how SAP Lease Administration by Nakisa provides companies a 360 degree view of leases from initiation to termination and comply with new standards and regulations such as IFRS 16.

 

A single source of truth

See how the Universal Journal in SAP S/4HANA Finance helps companies transform data and transactions from different systems and processes into a single source of the truth.

 

Solution 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


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

 

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

 

 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

 

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
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