SAP Advanced Financial Closing (SAP AFC)

Reduce time and effort for financial closing with the innovative capabilities of SAP S/4HANA Cloud.

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Such companies help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. They leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

SAP Advanced Financial Closing (AFC) is an SAP solution that simplifies and automates the process of closing financial periods. It is part of the SAP S/4HANA suite and offers advanced features to manage and accelerate financial close at the end of the reporting period:

Process automation
Integration with other SAP modules
Task management and control
Analytics and reporting
Data quality improvement

This solution helps companies improve the efficiency, accuracy, and transparency of their financial closings and contributes to faster and more accurate closing of financial periods.

Faster time to value

SAP AFC provides pre-configured, best-practice templates that streamline the setup and execution of closing activities.

Continuous closing optimization

The solution leverages the latest advances in SAP S/4HANA Cloud to continuously enhance the closing process.

Smooth orchestration and execution of processes

This SAP module facilitates seamless orchestration and execution of financial processes, even across different systems.

Real-time monitoring

The solution provides real-time visibility into the financial closing process, to monitor progress and identify issues.

Transparency and insights

By offering insights and transparency into closing activities, SAP AFC makes the company's financial operations easier to understand.

Efficiency and speed

The solution enhances efficiency and accelerates the closing process by automating routine tasks and streamlining workflows.

Pre-configured best-practice templates

SAP AFC offers pre-configured templates based on industry best practices, which streamline the setup and execution of financial closing activities, ensuring a faster and more efficient closing process.

Integration with other SAP modules

The solution seamlessly integrates with other SAP modules to enhance the closing process and ensure that organizations benefit from the most up-to-date features and improvements.

Automated task management

SAP AFC automates the assignment, tracking, and completion of financial closing tasks, reducing manual effort and minimizing the risk of errors.

Cross-system orchestration

The module enables smooth orchestration and execution of financial closing processes across different systems, ensuring consistency and accuracy in closing activities, regardless of the number of systems involved.

Advanced reporting and insights

This solution offers advanced reporting and analytics capabilities, providing detailed insights into financial closing activities and performance.

Compliance and risk management

SAP AFC includes robust controls and safeguards to ensure compliance with financial regulations and standards. It helps in identifying and mitigating risks associated with the financial closing process, ensuring the integrity and accuracy of financial data.

Global system integrator

LeverX is an International company with 14 offices in 9 countries that specializes in SAP Implementation and customization.
Full-cycle technology consulting, development, and cost-effective implementation services for successful business transformation and sustainability.
We offer custom software development services to companies to deliver tailor-made solutions that cater to clients' specific requirements.

Technology & Management

Short engagement ramp-up and project set-up, strong management
Continuous investment in innovation and early adoption of cutting-edge technologies (Data Science, IoT, Artificial intelligence, Big Data, Blockchain etc.)
Creation of projects in accordance with ISO 9001, ISO 27001, ISO 22301, ISO 55001 quality and safety standards.

Experience

20+ years of working with SAP solutions. LeverX is an SAP-certified partner and preferred vendor.
1 600 IT-experts with deep knowledge of the latest SAP technologies and solutions.
950+ successful projects. We help companies of all sizes and across various industries to leverage the power of SAP.

Develop the implementation strategy based on your business requirements and solution capabilities.

DISCOVER

Plan the project and finalize goals. Together, we will determine a project structure, management, tracking, and reporting mechanisms. At this stage, roles and responsibilities in the project team are defined.

Prepare

Verify the project plan. We make sure that the solution and project scope meet your business requirements.

Explore

Customize and integrate SAP components into your IT infrastructure. Our experts configure and further develop the system if required.

Realize

Transfer data from legacy systems into the SAP production system, test the system, and validate roles/authorizations for all users.

Deploy

Run the solution with the provision of go-live support, fixes, and monitoring to smoothly adapt the new software to your business processes.

Run

What is SAP AFC?

SAP AFC (Advanced Financial Closing) is a solution that automates and streamlines the financial closing process, ensuring efficiency, accuracy, and compliance in period-end financial reporting.

How does SAP AFC improve the financial closing process?

SAP AFC automates repetitive tasks, provides centralized task management, ensures standardization, and offers real-time monitoring and reporting, leading to a faster and more accurate financial close.

Can SAP AFC integrate with SAP S/4HANA?

Yes, SAP AFC seamlessly integrates with SAP S/4HANA, leveraging its in-memory computing capabilities for enhanced processing speed and data accuracy.

How does SAP AFC ensure compliance?

SAP AFC maintains detailed logs and documentation of all closing activities, ensures compliance with regulatory requirements and internal controls, and facilitates audit processes.

1

An expert will reach out to you to discuss your specific migration needs and requirements.
2

We will sign an NDA to ensure any sensitive information is kept secure and confidential.
3

We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.