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SAP S/4HANA Cloud for Advanced Financial Closing (AFC)

The BTP platform's strategic cloud hub for managing, configuring and coordinating the entire enterprise closure process.

With S/4HANA Cloud Advanced Financial Closing, SAP offers a powerful cloud-based solution to simplify and automate financial closings of group companies, which can be used for on-premise or cloud solutions. This is achieved, among other things, through predefined templates that sequentially describe and document the closing process. Based on SAP best practices, the most important tasks for the preparation of financial statements are provided in templates and optimised processes and dependencies on the latest SAP S/4HANA releases are taken into account. SAP Best Practice templates can be used as a starting point to adapt them to your individual needs. Each task in a template includes standardised work instructions, responsible person names including approvers, approval requirements and timelines - all of which enable you to manage the closing processes across your entire organisation.


Automate processes

As the complexity of modern financial close processes continues to grow, organisations are increasingly looking for ways to streamline and automate these processes. Implementing a plan and orchestrating repeatable best-practice financial close processes with sequenced automated tasks and workflows across teams and time zones is one option for how organisations can achieve this goal.


Reduce manual effort

The AFC enables companies to reduce manual effort by automating key activities such as data entry, consolidation, validation checks, etc., thus improving the efficiency of the process. In addition, the integration of systems across different departments helps ensure that all stakeholders have access to up-to-date information about their respective areas of responsibility at all times - regardless of how geographically dispersed they are - enabling them to collaborate better throughout the process. In addition, self-service access facilitates collaboration between users from different areas of a company or external parties, such as auditors, who need certain information related to the finance department quickly without having to wait long or depend on the availability of others.


Real-time insight into the financial closure process

The AFC provides real-time insight into your financial close process. This allows you to make informed decisions faster than ever before, while maintaining compliance with regulatory requirements at all times. This is a critical requirement when dealing with sensitive corporate finances.

Your benefits

The month-end closing is one of the most complex and time-consuming tasks for companies. It requires a lot of time to plan and execute all the necessary steps, slowing down financial processes. To overcome this challenge, SAP S/4HANA Cloud for Advanced Financial Closing (AFC) provides a best-practice approach, ena

  • Standardisation - a best practice approach that can be reused every month
  • Automation - many of the required activities can be triggered automatically without the need for manual intervention
  • Workflow notifications - with automated workflow management, team members receive notifications about upcoming tasks or approvals. This keeps everyone involved informed about what needs to be done next
  • Visibility - the completion plan and central status tracking are available and visible to every key user, regardless of location
  • Innovative - SAP AFC is the only SAP solution for the closing process that is strategically developed by SAP and to which innovations and functionalities are regularly added

SAP AFC Funktionen

SAP S/4HANA Cloud for Advanced Financial Closing is a product strategically placed by SAP to support financial closing. It is a cloud-based tool that can be seamlessly integrated into existing SAP systems, regardless of whether ECC, on-premise or S/4HANA Cloud. We would be happy to support you in the implementation of a solution tailored to your individual requirements.

Holger Dunkel, Partner CONSILIO GmbH Contact expert

Our services

  • Advice on whether SAP S/4HANA Cloud for Advanced Financial Closing (AFC) is the right tool for your closing process and where you can benefit from the new SAP innovations.
  • Support in the implementation of SAP S/4HANA Cloud for Advanced Financial Closing (AFC) 
  • Implementation of best practices for structuring, architecture, security and use of cloud services in the SAP-BTP environment

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