Record-to-Report and Financial Close

The Financial Close and core record-to-report process represents a significant pain and source of inefficiency for many companies. Sessions in this track will share new solutions, strategies, and best practices for bringing both efficiency and visibility to this critical set of business processes. Learn how organizations are applying leading edge automation to various stages of record-to-report. Explore the latest solutions from SAP and partners and learn how they integrate and complement each other so that you can make the best decisions for your organization.

Sessions at SAPinsider Financials2021:

Featured Sessions:

Tips to successfully transition from costing-based CO-PA to margin analysis – Paul Ovigele

The move to SAP S/4HANA will involve a move away from costing-based controlling and profitability analysis (CO-PA) toward margin analysis. Learn how margin analysis is integrated with the SAP S/4HANA Universal Journal and walk through the considerations associated with a transition from costing-based to margin analysis.

Navigating SAP solutions for record-to-report – Birgit Starmanns

SAP has a host of solutions that can support various parts of the record-to-report process from group reporting and consolidations to end-to-end close. This session will clarify SAP’s solution roadmap as well as illustrate how they are using third party and solution extensions to extend their overall capabilities.

Inside SAP S/4HANA group reporting and how it can support your consolidation efforts

Many customers have questions about SAP’s next-generation consolidation solution for SAP S/4HANA customers, both cloud and on premise. Attend this session to learn about SAP’s long-term strategy for consolidations and group reporting as well as key business benefits that SAP S/4HANA for group reporting can potentially offer your organization. The session will also include a demonstration of the latest version of the product as well as cover the roadmap for upcoming releases.

What you need to know about SAP S/4HANA Cloud for Advanced Financial Close

The entity close is a key milestone in every company’s record to report process. Get a detailed overview of SAP’s new Cloud service for advanced financial closing that can help your company orchestrate the close for improved efficiency and compliance

Additional Resources:


How Kellogg Company and Newell Brands Automated FICO Processes to Streamline, Speed and Improve the Financial Close 

Learn how Newell Brands and Kellogg Company leverage an Excel-based solution to overcome obstacles with their custom upload programs and automate their data entry processes. Join this webinar to explore each company’s implementation experience and learning processes. Discover new insights and tips you can use to improve efficiency, accuracy and consistency of your Finance team’s processes. 

 Research Reports:

Central Finance and Improving the Financial Close 

Financial close management increases in complexity as organizations increase in size along with the number and variety of ERP instances. To centralize or consolidate the financial information from multiple ERP instances, SAPinsider community members can manually report and reconcile the information, centralize information on a non-SAP system, deploy SAP S/4HANA for central finance foundation (also known as SAP’s Central Finance Solution), or plan a consolidation of ERP instances onto a single instance of SAP S/4HANA. 

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