Advanced Financial Closing

Summary: Three financial closing applications are considered for new S/4HANA implementations.  Limitations on licensing,  compatibility,  availability, and roadmap innovation are discussed. Spoiler Alert:  SAP S/4HANA Cloud for Advanced... Read More »

Welcome to the blog series on the Advanced Valuation Processes as announced in the Release blog SAP S/4HANA Cloud 2202 for Finance. Today, I would like to cover the Credit-Risk-Based Impairment. Pic #1: Sequence of Period-End Advanced Valuation... Read More »

Dear Finance Experts, continuing the execution of the intelligent finance strategy, SAP has released the next generation financial close orchestration solution SAP S/4HANA Cloud for advanced financial closing (AFC) on December 16th, 2020. This... Read More »

Dear Finance Experts, with the latest major release 3.0 of SAP S/4HANA Cloud for advanced financial closing (AFC) on January 19th, 2023, the new feature System for Cross-domain Identity Management (SCIM V2) was introduced. Background of this... Read More »

Elizabeth Milne, Accounting and Financial Close Expert, SAP Molly Boyle, SAP Solutions Expert, BlackLine It’s well known that “closing the books” is priority one for Accounting and Finance. At the end of each period, professionals from the... Read More »

Companies have been using ERP software systems to account for their financial transactions and create month-end financial statements for half a century. The activities that kept accountants tied to their desks at month-end have not fundamentally... Read More »

Background: The optimal design and setup of the financial close process is highly dependent on the customer’s size, industry, systems landscape, localizations, and organizational structures. Some AFC customers have a strong central team that takes... Read More »

With the release of SAP S/4HANA Cloud for advanced financial closing (AFC) on Dec. 16th, 2020 as a standalone SAP Business Technology Platform application, customers and partners want to understand the required configuration to bring the system up... Read More »

Dear Finance Experts, with the latest incremental release of SAP S/4HANA Cloud for advanced financial closing (AFC) on May 15th, 2021, the new feature of custom fields for reporting was introduced.   Background of this feature Just a few... Read More »

Dear finance experts, with the latest release of SAP S/4HANA Cloud for advanced financial closing on February 27, 2022, the Define Closing Tasks app was replaced by the brand new Manage Closing Task Lists app, which comes with many great new... Read More »