SAP Closing Cockpit can be used as a tool in particular in cases where, for 50% faster closing the book.
b) More than one person responsible are involved
c) The activities are performed within a process that has a fixed chronological sequence or is determined by dependencies
d) The activities need to be supported by a shared, uniform interface for all involved
e) The status of all periodic activities needs to be documented and made transparent and available for all involved.
The Closing Cockpit enables you to optimize your process flows by using its event-driven organization of activities, its overview and monitoring options, as well as its analysis tools, all of which cover the entire process.
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Bookmark the following, good resource URL for SAP Cockpit-