Phoron Team


Accelerated closing through standardization and automation with SAP S/4HANA Advanced Financial Closing

The month-end close is stressful for any business. Your financial management team needs the visibility to ensure that all the necessary activities have taken place to produce complete, accurate, and timely financial reports. SAP S/4HANA Advanced Financial Closing centralizes standard workflows, orchestrates automated routines, and accelerates manual processes. Management teams gain visibility into the progress of each close.

SAP Advanced Financial Closing Cockpit

Source: SAP


Advanced Financial Closing provides a closing template to help teams document their sequential tasks and processes. The key tasks to create a period-end closing, along with optimized sequence and dependencies for the latest releases of SAP S/4HANA, are provided as best practices. The standardized best practices approach is reusable every single month.  


SAP S/4HANA Advanced Financial Closing also provides the ability to automate closing tasks in remote systems. Advanced collaboration, notification, and workflow tools are provided to streamline manual tasks. Real-time insights into the financial closing process to make better business decisions. Quality and governance ensured for each individual company to meet regulatory disclosure requirements.