Advanced Financial Closing

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 »

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 »

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 »

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 »

Soft close, hard close, legal close, managerial close, group close – Finance organizations around the world are using software tools to help meet deadlines and expectations around “closing the books”.  Improving your financial close requires... 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 »

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 »