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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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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.

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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

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.

Learn more about our accounting solutions

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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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Want a fast, clean financial close?

Process management and technology are two key interdependent elements of a fast, clean, error-free financial close. Learn how you can streamline financial close through continuous business review and improvement of both elements so your finance professionals can focus on more strategic work and decision making.

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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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.

View product documentation

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