Steering efficiently by optimizing financial closing processes
This multi-tenant application, built on SAP Business Technology Platform, accelerates companies' financial processes by optimally integrating individual and consolidated financial statements into SAP environments. It is designed to integrate seamlessly into any existing SAP landscape.
Overview
Deliver data efficiently from company to group holding
Optimize the interface between decentralized legal entities and the group consolidation department by using group consolidation policies as part of the legal entity's closing process.
Centralize and automate tax reporting
Standardize tax processes for all companies and for all group-managed tax reporting scenarios with comprehensive end-to-end integration with SAP Financials.
Streamline your closing process with exceptional process guidance
Provide state-of-the-art process support at the junction between legal entity closing and group closing supporting audit-proof workflows and an appealing user interface
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry
Compatibility
Works with
Features
Prepare data for transfer and consolidation
Harmonize company-specific data within uniform corporate structures. Automate intergroup reconciliations to resolve discrepancies early on. Perform group-level validations based on company-specific data and consolidation rules.
Use centralized tax directives for all tax entities
This solution calculates income taxes, reconciliations, and deferred taxes in accordance with the German Commercial Code (HGB) and International Financial Reporting Standards. It prepares and submits electronic balance sheets to the tax authorities and supports BEPS Country-by-Country reporting.
Have an overview about the current state of the process
This solution includes a process monitor for guided workflows, deep SAP ERP integration, preview of group reports by individual units, and extensive customization options according to SAP standards.
