The SAP Financial Closing Cockpit can help organizations take full control of their financial closing process. It provides tools to structure and automate large parts of the closing process, giving managers central oversight and real-time status updates. This allows them to orchestrate the process more efficiently while reducing errors. By optimizing the closing process, finance teams gain time to take on more strategic work instead of managing recurring crises to meet deadlines.

1. Take full control of your closing process with
the SAP Financial Closing Cockpit
Fast Close is not about finishing the closing process as fast as possible. It is all
about balancing speed with accuracy, boosting your efficiency. A disciplined
and timely close process will not only aid compliance with filing requirements
but will also lead to higher quality, more accurate reporting. It will also provide
for stronger control over financial reporting, leading to transparency (which is
critical to demonstrate in today's world of Sarbanes Oxley compliance). Finally,
A well managed and optimized process won’t slow down your company during
the closing period and it will give the finance team time to add more value as a
strategic partner to the organization.
In many companies today, the financial closing process is quite the stressful event. It is a recurring managed
crisis, depending largely on the controller or closing manager, who attempts to contain the chaos within tight
deadlines, trusting on static spreadsheets.
The SAP Financial Closing Cockpit can help you take full control of this process. By structuring and automating
large parts of the closing process and providing you with real-time status feedback, this tool will provide you
with a central crisis center from which you can orchestrate, follow up and communicate.
“Not automating the orchestration & communication of your closing process leaves room
for inefficiency & errors. It’s like one policeman organizing traffic for an entire
city, without the help of traffic lights.”
What is it all about?
Four important aspects
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