SAP Solution Brief SAP Business Suite SAP ERP Financials
Accelerating the Financial Closing Process with SAP® Solutions
Summary SAP provides integrated financial management applications designed to give simplified access to relevant financial information. SAP® solutions provide company-wide accessibility so you can accelerate an accurate financial closing cycle at any level. Business Challenges • Perform closing-cycle tasks efficiently across organizations • Generate accurate financial reports • Provide access to period-end information for validation and analysis • Increase automation, visibility, and control of regulatory disclosures and financial statements Key Features • Accounting – Automate your financial close to comply with International Financial Reporting Standards and local GAAP • Monitoring – Control task sequences and manage the closing cycle over multiple types of financial software • Consolidation – Compile financial period-end reports for specific corporate levels • Disclosure – Manage production, filing, and publication of financial statements and reports and eXtensible Business Reporting Language (XBRL) submissions • Regulatory compliance – Monitor and document manual and automated internal controls Business Benefits • Speed the closing cycle with configurable, automatic workflows • Reduce the cost of finance and compliance by automating processes • Improve data accuracy by reconciling data online • Automate reconciliation with a central data repository • Minimize closing workload by completing tasks before the closing cycle starts • Reduce the time and cost of regulatory disclosures and electronic filings For More Information To learn more, call your SAP representative today or visit us at www.sap.com/erp, www.sap.com/epm, and www.sap.com/lines-of-business/finance.
Financial executives need to close their books in an accelerated, streamlined, and accurate way. SAP provides a complete set of solutions to help companies speed...