SAP Financial Close and Disclosure Management rapid-deployment solution

Get the financial consolidation tools you need – when you need them

Accelerate and automate your financial close. Our financial consolidation software and service package can help you quickly standardize your closing processes – from data collection to XBRL reporting – to help boost profitability, reduce risk, and comply with the latest International Financial Reporting Standards (IFRS) and local GAAP.

  • Improve risk visibility and mitigation – to better execute company strategies
  • Reduce costs and increase working capital with transparent company spending
  • Drive profitability with insight into your most valuable customers, channels, and products
  • Understand the impact of market changes to quickly align capacity with demand

 

Finance executive using our financial consolidation solution on his laptop
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Birds in a flying V formation, representing a smooth GAAP to IFRS transition

Transition from GAAP to IFRS

Smoothly transition from GAAP to IFRS. Our IFRS starter kit can help you easily differentiate between local GAAP and IFRS data, post IFRS-specific journal entries, leverage preconfigured scenarios and reports – and even produce a complete audit of the differences between the two standards.

Rising trend on a graph, representing the benefits of our preconfigured IFRS starter kit

Built-In IFRS Rules, Controls, and Calculations

Leverage preconfigured consolidation processing, automatic business rules, audit trails, validation, and analysis. This starter kit can also help you quickly support scope changes – like incoming or outgoing subsidiaries, financial rate variation, mergers, and adjustments to your consolidation method.

Financial report generated with SAP financial consolidation software

Ready-to-publish financial statements

Accelerate your reporting processes with preconfigured financial reports based on IAS 1 for financial close and IFRS taxonomy. This starter kit can help you quickly pull data from the consolidation application into ready-made XBRL documents – for faster review, analysis, and preparation of financial data.

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