Sometimes, the cooperation between accounting and controlling does not work as smoothly as it should. For example, closing activities are still prepared in specific closing schedules maintained outside the SAP® system, e.g., in Microsoft Excel. It is also not uncommon for functional departments in Financial Accounting and Controlling to create their closing schedules for their respective topic-specific closing tasks. A closing schedule defines tasks and responsibilities and the time of execution – in large companies on a daily basis, in some also on an hourly basis. From this point of view, it is not difficult to see the coordination effort that companies need to carry out the closing tasks in the correct order, in a timely and complete manner. Sometimes, the cooperation between accounting and controlling does not work as smoothly as it should. For example, closing activities are still prepared in specific closing schedules maintained outside the SAP® system, e.g., in Microsoft Excel. It is also not uncommon for functional departments in Financial Accounting and Controlling to create their closing schedules for their respective topic-specific closing tasks. A closing schedule defines tasks and responsibilities and the time of execution – in large companies on a daily basis, in some also on an hourly basis. From this point of view, it is not difficult to see the coordination effort that companies need to carry out the closing tasks in the correct order, in a timely and complete manner.
Lots of closing schedules have become more complex over time due to structural changes, such as mergers, carve-outs or even new business models, creating suboptimal execution due to the low level of automation in financial statements. Many financial closing schedules have become more complex over time due to company growth, e.g., mergers or carve-outs, or even new business models, creating suboptimal execution due to the low level of automation in financial statements.
We optimise your closing schedule and show you what a perfect closing schedule looks like with detailed planning of activities considering all relevant SAP® components and the ability to apply new functions in SAP® Standard. We optimise your closing schedule and show you what a perfect closing schedule looks like with detailed planning of activities considering all relevant SAP® components and the ability to apply new functions in SAP® Standard. Contact
