Our new book is intended for readers who want to familiarize themselves with the business context, capabilities, benefits and implementation of AFC. This comprises decision makers within the finance departments and also process owners and product managers, especially focusing on Record-to-report and financial close topics. Typical readers could also be consultants, key users, project members and end users of AFC.
What does the book cover?
With 92 pages of packed knowledge, the book focuses on providing a broad overview of AFC. It does not explain each screen and checkbox of the user interface, but ranges from basics like the architecture, integration and release process, the main functionalities and applications within the solution up to recommendations for initiating an implementation project and running AFC productively. Also, the book contains an outlook into the future product direction and how to stay current, which is quite important with this fast-paced SaaS solution that provides new features every month.
Table of contents
Advanced Financial Close Basics: Introduction to financial closing and related terms, key capabilities, system landscape, connectivity options, architecture
Design Your Financial Close: Organizing the close process, shared services and operating models, project team organization
Run Your Financial Close: All AFC functions around managing, processing and approving closing tasks
Dashboards and Reporting: All AFC functions around embedded analytics and close monitoring, setup of reporting characteristics to reflect organizational specifics
Initiating Your Financial Closing Project: From the tenant provisioning process to user management, configuration and change management
Future Innovations: Insights into the big innovations on the AFC roadmap and how to stay current.
This book provides you with a clearly structured overview of AFC. Whether you need a comprehensive introduction, or a reference that covers the most important product capabilities and lifecycle aspects, this book may be exactly what you are looking for!
Thank you for taking the time and reading this blog post.
For more information about SAP S/4HANA Cloud for advanced financial closing, check out the following links:
SAP Community Page for Advanced Financial Closing: here