Advance financial close process
March 18, 2026

Advance financial close process

Nazifa Alavy | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with SAP Advanced Financial Closing

We use this SAP Advanced Financial Closing product for financial statements and closing. This product helped our client with risk mitigations around the month end closing and dependencies. We hope this will reduce the number of journal vouchers that are needed for each month end.

Pros

  • The closing cockpit
  • universal journal
  • advance reporting
  • automated journal vouchers
  • integration with treasury

Cons

  • financial statements footnotes and disclosures
  • SFIS and GTAS compliant
  • federal reporting compliant
SAP Advanced Financial Closing is user friendly

Do you think SAP Advanced Financial Closing delivers good value for the price?

Yes

Are you happy with SAP Advanced Financial Closing's feature set?

Yes

Did SAP Advanced Financial Closing live up to sales and marketing promises?

Yes

Did implementation of SAP Advanced Financial Closing go as expected?

Yes

Would you buy SAP Advanced Financial Closing again?

Yes

SAP Advanced Financial Closing is best suited for complex organization with multiple company codes and large user based. The goal is to streamline the record to report process cross the organization

SAP Advanced Financial Closing Feature Ratings

Consolidation and Close
9.0
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
9
Detailed Audit Trails
9
Reconciliation Automation
9
Close Checklist
9
Customizable Workflows
9

Comments

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