An Overview on Rise with SAP

Reading time: 9 mins

Key Takeaways

  • SAP’s new Company Code Groups in Advanced Financial Closing (AFC) enhance financial management by allowing businesses to group company codes dynamically based on region or business unit, streamlining financial closing processes.

  • This update improves automation, reduces manual errors, and ensures compliance with financial regulations by enabling customizable workflows and real-time monitoring of financial close tasks across multiple entities.

  • By integrating with SAP S/4HANA, the enhanced AFC functionality enables real-time data processing, better reporting, and more efficient financial operations for large multinational corporations.

Customers moving to SAP S/4HANA come from different backgrounds and have different end goals.  RISE with SAP is designed to address unique customer scenarios. RISE is not a system upgrade, it’s a redesigned method of working that allows customers to change not only once, but to continuously transform. Rise with SAP simplifies a customer’s move to the cloud and helps throughout their business transformation journey. RISE with SAP delivers seamlessly with SAP partners, Hyperscaler partners, the Reseller community, and Software partners.  RISE with SAP is designed to help SAP customers.

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