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Accounting and Financial Close

Close the books quickly with streamlined financial accounting processes

Run your accounting department leaner and deliver real-time insight with simplified financial reconciliation. Consolidate financial accounting data to create a single view of the business and generate reports faster than ever before.

Solve your specific accounting and financial close needs

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Adopt finance innovation quickly and non-disruptively

Lay the foundation for next-generation finance solutions in the digital age with integrated financial accounting. 

Transform diverse data into a single source of truth

See how you can combine data and transactions from different systems and processes to create trusted financial insight. 

Gain a clear view of leases, from initiation to termination

Learn how you can gain insight into all your leasing activities and comply with new standards and regulations such as IFRS 16.


Choose your SAP software for accounting and financial close

SAP S/4HANA Finance

Create one common view of financial data to minimize reconciliation efforts and enable real-time processes.  Use predictive simulation and analysis to evaluate financial implications, before taking action. Speed your transition to SAP S/4HANA Finance with SAP S/4HANA for central finance foundation.

 

  • On-premise, cloud, or hybrid deployment
  • SAP S/4HANA for central finance deployment option
  • Universal journal
  • Compliance with reporting standards

SAP Business Planning and Consolidation

Achieve faster and more compliant close by running financial consolidations with direct access to real-time data within SAP S/4HANA. Gain live access to transactional and master data, and eliminate the need for periodic data replication.

 

  • On-premise, cloud, or hybrid deployment
  • Access to real-time data through an embedded model
  • No data replication needed
  • Collaboration tools

SAP Revenue Accounting and Reporting

Comply with new statutory regulations for revenue recognition, such as IFRS 15, while supporting existing requirements. Handle orders, invoices, and events from multiple SAP and non-SAP systems. Gain flexibility by decoupling revenue recognition rules from order entry and billing systems.

 

  • On-premise, cloud, or hybrid deployment
  • Consolidation of orders, invoices, and events
  • Regulatory compliance
  • Easy-to-use accounting processes

SAP Lease Administration by Nakisa

Provide a 360-degree view of revenue and lease contracts, from initiation to termination. Support compliance with standards and regulations, such as IFRS 15 and IFRS 16.

 

  • On-premise, cloud, or hybrid deployment
  • Central revenue lease contracts
  • Compliance with new reporting standards
  • Real-time analysis
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Financial closing cockpit

Speed up even the most complex closing cycles while meeting regulatory requirements and financial reporting standards. Increase user efficiency with central monitoring and control and enhanced automation. 
 

  • On-premise, cloud, or hybrid deployment
  • Intuitive user interface
  • Automated closing cycle
  • Template-driven process

Cloud financial and spending management

Gain visibility and access to up-to-the-minute budget and spending information.  Cloud technology pulls data from core financial reporting systems, allowing line managers to perform ad hoc spend analysis and other calculations for live business processing. 
 

  • Cloud deployment
  • Real-time view of spending
  • Budget adjustment and optimization
  • Ad hoc analysis

Personalized ad hoc analysis of financial accounting data

Discover hidden trends and enhance strategic decision making by analyzing financial statements in real time. Delivered in the cloud, SAP Financial Statement Insights makes full use of the in-memory functionality of SAP S/4HANA Finance. 
 

  • Cloud deployment
  • Real-time reports
  • Simulated organizational changes
  • Ad hoc analysis

Transform your business faster with help from SAP Digital Business Services

Jump-start your SAP solutions and drive ROI by collaborating with industry experts, consultants, and support engineers to receive guidance, prescriptive best practices, and expertise – no matter where you are on your journey.
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Realize your business goals by simplifying and accelerating your digital transformation

In an era focused on continuous innovation and anticipating customer needs, it can be hard to turn your vision into reality. This is where SAP Digital Business Services can help. We’re part of SAP, so we know SAP software better than anyone else. With over 40 years of experience, we can help you reach your business transformation goals, and everything in between.

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Transform your business with unparalleled service support enterprise-wide

SAP Digital Business Services connects business and IT to help you close the gap between your digital transformation strategy and execution. From designing and value discovery to accelerated innovation to productive usage for tangible business results, you can evolve your business by breaking new ground with a trusted adviser that knows SAP software best.

Choose the leader in accounting and financial close

Get the facts

50%
faster month-end closing with SAP S/4HANA Finance.

Siam City Cement customer story

1.5days
to close monthly books with SAP ERP.

Airbus DS Optronics customer story

See how customers are succeeding with SAP

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Reduced year-end financial close with SAP S/4HANA

Learn how GDT increased financial and operational insight using real-time data and a modern user experience. 

50% faster month-end closing with SAP S/4HANA Finance

See how Siam City Cement slashed its closing process and supports decision makers by better understanding customer data. 

1.5 days to close monthly books with SAP ERP

Find out how device manufacturer Airbus DS Optronics accelerated its financial close and reporting processes. 

Learn how CFOs are accelerating financial close

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Forward-thinking CFOs and finance executives regard digital transformation as an opportunity to increase value across the enterprise. This recent survey by CFO.com provides a view into how these leaders are using innovative technologies to capitalize on the rapidly changing business and regulatory environment.  

Get the latest news and trends from experts

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Thack Brown
GM and Global Head
SAP Finance Solutions

Prepare for revenue recognition changes

Learn how new accounting standards will change the way corporations perform revenue recognition, and what steps financial executives should take to prepare.

Neil Krefsky
Sr. Marketing Director
SAP Finance Solutions

Create real-time insight with continuous accounting

Discover how “always-on accounting” can help you close the books faster and with greater accuracy, providing a financial view of the business at any time.

Brian Sommer
Finance expert
Diginomica

Get ready for new revenue recognition accounting rules

Identify the key changes coming in January 2018 to revenue recognition rules and review the implications for your business. 

Looking for more accounting and financial close products to meet your business needs?

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