Advanced Financial Closing

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 incremental release of SAP S/4HANA Cloud for advanced financial closing on January 23, 2022, the access management abilities of the solution were massively enhanced. Background of this update Segregation of... Read More »

Dear finance experts, with the latest update of the SAP ERP connector 1.0 for SAP S/4HANA Cloud for advanced financial closing (AFC), you can now benefit from pre-delivered content for SAP ECC backend systems. This will help you accelerate your... Read More »

  This is Blog #13 in our Record to Report Blog Series. You can find the complete series outlined HERE. Author: Maximilian Köbler, Global Solution Owner Advanced Financial Closing, SAP The entity close process is at the core of what finance... Read More »

Dear Finance experts, Sometimes it can happen that you don’t know exactly what something on the UI means, what a specific app function does and how settings and features work together. In that case, in-app help and documentation may be able to... Read More »

Dear finance experts,  are you new in this topic and did you ever wonder which materials are actually available for SAP S/4HANA Cloud for advanced financial closing (AFC)? Notes? Documentation? Learning? In this blog, I want to guide you through... Read More »

Dear finance experts, Sometimes you may be wondering which user assistance materials really exist, what they’re all about and how you can provide feedback. So, let me give you a small overview. What Is User Assistance About? So, what is it... Read More »

Background: AFC is a financial close solution that brings a high level of automation into the process. One of the key features of AFC is the ability to automatically trigger, execute, and report back on the execution of ABAP programs and jobs. Did... Read More »

Background In SAP S/4HANA Cloud for advanced financial closing (abbreviate as AFC below), users can define various types of closing tasks. One, which can bring in a lot of automation into the process, is the task type “Job”. These tasks are... Read More »

“Closing the books” is the priority one for Accounting and Finance. Typically, at the end of each period, professionals from the staff accountant to the CFO perform activities and review outputs to ensure the timely and accurate reporting of... Read More »