The financial close process is remarkably manual and a recurring challenge for most F&A organizations. Achieving a highly secure and intelligent financial close automation with SAP solutions is possible with these steps:
- Evaluate your financial close procedures to confirm all processes are standardized across the organization
- Prioritize the tasks on which people should focus and which should be automated
- Adopt embedded automation technology for SAP to optimize return on investments
- Ensure automated financial controls are in place for audits and to gain visibility into process and performance
- Apply continuous improvement to workflows and processes as needed to continue to make the best use of resources and be more strategic