SAP Solution in Detail Banking Capital Markets Accounting and Financial Close

Solution in Detail

Banking Capital Markets

Accounting and Financial Close

Executive Summary Solution Overview Contact Us

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All rights reserved.

Transform Close-to-Disclose Process

Mergers and acquisitions result in hetero-

geneous system landscapes in banks today.

Cumbersome, outdated technologies add to the

problem of increasing complexity. At the same

time, banks want to dispose of spreadsheet-

based accounting.

External and internal stakeholders require

increasingly sophisticated financial information,

including what is needed to comply with

regulations. Banks must produce highly

detailed data faster than ever before and must

adapt to overcome these challenges without

increasing costs.

Customers want a streamlined, optimized

close-to-disclose process that incorporates

contract-level financial instruments accounting

from the initial financial transaction, through

entity and corporate close, to reporting and

disclosure.

SAP provides a comprehensive process

tailored to finance transformation requirements.

To meet reporting and disclosure requirements,

the process has to be based on underlying,

highly granular data, ideally on a single contract

level. The entire process must be streamlined

and auditable.

Banks face pressure from stakeholders who require accelerated reporting

cycles, from ever-changing regulatory requirements, and from merger-forced

system streamlining all of which accompany the need to reduce costs. Master Information Demands

Close-to-Disclose

SAP Innovations

Response to Change


56% Lower financial closing

FTE cost when the financial

system supports internal

and external accounting

requirements

Source: SAP Performance

Benchmarking



In order to meet financial information demands,

best-run banks adopt a holistic and long-term

approach instead of the quick-fix, silo-based

solutions that used to be standard practice in

capital market firms.

By establishing a single source of truth for

financial instrument accounting with centralized

rules and postings, banks are able to simplify

their application landscapes and remove

dependencies on product systems.

Chief financial officers need to stay on top of

ever-changing accounting regulations such

as IAS 39 and IFRS 9. They can do this by

implementing a flexible, centralized banking

architecture that helps them quickly and cost-

effectively comply with regulations.

SAP provides a comprehensive suite of

applications that help to automate and provide

accountability, reconciliation, and auditability

to all steps of the close-to-disclose process.

Master Financial Information Demands

Quickly provide accurate, detailed financial reporting based on single financial

instruments. This must be embedded in an automated, end-to-end, close-to-disclose

process to meet internal stakeholder demands and comply with requirements such

as IAS 39/IFRS 9, FINREP, and FASB regulations.


Master Information Demands

Close-to-Disclose

SAP Innovations

Response to Change



With SAPs finance transformation solutions, banks can implement a flexible, centralized banking architecture to respond quickly and cost-effectively to

regulatory requirements and internal information demands. SAPs finance transformation process is fully reconciled, automated, and workflow driven to

free up finance staff for analytical tasks. Contract-based accounting postings

form the foundation of all reporting and data aggregation as required.

Respond to Change

The solutions help banks achieve flexibility to respond to new regulatory and internal

information demands; full reconciliation and auditability across accounting value chain; fine

granular information on contract leveldriven reporting; faster access to financial information; and greater time and cost savings during the close process.

26% Lower days to close annual

books when the AP system is

integrated with the general

ledger and no reconciliations

are required


Benchmarking



Close-to-Disclose

SAP Innovations

Response to Change



SAP Innovations

Finance transformation software from SAP leverages technology innovations

to reduce the cost and increase the speed and reliability of creating financial

statements, allowing quick response to changing requirements and providing

highly scalable, flexible deployment options.

SAP HANA

The solutions enable banks to handle large volumes of highly granular data and perform analysis

in memory and at zero latency to drive better decisions in real time.

Analytics

Analytics solutions enable flexible reporting and provide the ability to drill down to the source data.

This helps banks analyze the cause of results and not just report them. Financial consolidation

and calculations are automated, allowing for what-if scenario analysis along with workflow and

collaboration options. This reduces risk and provides better traceability and accountability.

Mobile

Mobile solutions give finance professionals immediate access to financial reports, ensuring

quick responses and better decision making.

Cloud

Fast and flexible deployment of business processes reduces costs and optimizes operations.



Close-to-Disclose

SAP Innovations

Response to Change



Keep Ahead of Regulatory Changes

Accounting for Financial Instruments

Account for core business on a single contract level with full regulatory compliance.

Financial Accounting

Conduct accounting for business-support operations.

Entity Close

Establish an entity close process with stronger governance and better execution.

Corporate Close

Eliminate bottlenecks in financial consolidation proceedings and reporting cycles.

Reporting and Disclosure

Create XBRL filings and publish mandated disclosures, enabling a holistic

disclosure process.

Financial Close Governance

Take a trusted view of performance and compliance via consistent financial

master data.

Solution Overview

Finance in Capital Markets


Accounting for Financial

Instruments

Entity Close



Corporate Close


Why SAP?



Accounting and financial close

runs financial instrument

accounting, general ledger,

entity, and corporate close

to disclosure processes.

Accounting and Financial Close


Solution Overview




Instruments

Entity Close



Corporate Close

Why SAP?

Compliance

Governance

Operations

Local Finance

Organization

Corporate

Finance (HQ)

Accounting for

Financial

Instruments

Reporting and

Disclosure

Entity and

Corporate Close

Financial

Accounting

Valuation

of Financial

Instruments

Intercompany

Reconciliations

Financial Close

Governance

Subledger

Posting

and GL

Transfer

Fixed

Assets,

A/P, Payroll

Hedge

Analysis

Monitor Risks and Controls, Remediate Issues

Hedge

Accounting

Financial

Close

Monitoring,

Consolidation

Facilitate Consistent Financial Master Data Across the Enterprise

Entity Close

Scheduling/

Execution

Manual

Adjustment,

Approvals

Corporate

Reporting/

Analysis

Disclosure

Management

Including

XBRL

IFRS and

GAAP

Standards

Operational

Reporting/

Analysis

Entity

Reporting/

Analysis

Notes

Management

XBRL

Filing on

Entity Level

IFRS and

GAAP

Standards



The solution provides banks with full subledger

functionality on single-contract level and covers

the whole accounting process. It helps banks

register business transactions from operational

systems, update accruals, calculate deferrals,

and perform valuations for financial instruments.

It supports posting and valuation in full accor-

dance with hedge accounting requirements of

IAS 39 and offers transparency throughout the

complete lifecycle of a hedging relationship and

sophisticated functionality for effectiveness

testing. It enables banks to post daily aggregated

subledger documents to an integrated general

ledger.

The solution provides a subledger for

financial instruments on single-contract

level. It is embedded in multi-GAAP

architecture and helps banks comply

with different accounting regulations

such as IFRS and U.S. GAAP.

Accounting for Financial Instruments

40% Lower compliance and risk

management FTE cost when

the internal audit department

regularly performs financial,

operational, compliance and

IT audits


Benchmarking

Capabilities


Instruments

Benefits

SAP Innovations

Solution Overview




The solution offers full subledger functionality

for financial instruments on single contract

level; handles multiple sets of books to cope

with different accounting regulations like U.S.

GAAP and IFRS; covers entire financial

accounting process from registering operational

transactions, updating accruals, calculating

deferrals, executing valuations, and posting

subledger documents to fully integrated general

ledger; offers centralized accounting rules and

valuation engine in a comprehensive integrated

framework; supports multicurrency accounting;

captures the complete lifecycle of a hedging

relationship for fair value hedges, portfolio fair

value hedges, and macro cash flow hedges initialization, designation, prospective and retro-

spective effectiveness testing and dedesignation;

and integrates hedge accounting functionality

fully with the accounting processes of account-

ing for financial instruments and the general

ledger.

Compliance for Financial Instruments


Capabilities


Instruments

Benefits

SAP Innovations

Solution Overview



The solution provides regulatory compliance

for financial instruments with state-of-the-art

standardized software. Accounting on a single-

contract level ensures that information is

available on all dimensions.

The multicurrency functionality is state-of-the-art

and fully aligned with the general ledger. The

central accounting and valuation functionality

handles local GAAP and IFRS requirements in

parallel using the same source data and helps

ensure flexibility to new requirements.

The solution allows a clear distinction between

operational and analytics responsibilities.

Accounting and valuation rules are maintained

consistently in the analytic AFI solution and are

clearly separated from numerous operational

systems.

Full integration with the general ledger reduces

reconciliation efforts, giving a full audit trail

through to the subledger. The solution helps

ensure complete and consistent data in an inte-

grated framework, flexibility, and extensibility to

other processes due to a common architecture.

The solution helps banks comply with

IFRS and local accounting standards in

a comprehensive integrated framework,

and centralized accounting and the

valuation functionality helps them to

easily adapt.

Respond to Regulatory Requirements with

Contract-Level Data

90% Lower general ledger and

financial closing costs when

general ledger and financial

systems are integrated to

produce accurate data


Benchmarking


Capabilities


Instruments

Benefits

SAP Innovations

Solution Overview



Analytics solutions enable the office of the

CFO to analyze large volumes of financial

instrument data in conjunction with reporting

and disclosure. This helps banks to produce

disclosures in the required format, provides

sophisticated visualization into financial data,

and supports intelligent decision making based

on up-to-date Big Data.

Innovations for Accounting for Financial Instruments

Accelerate subledger reporting for

financial instruments and get real-time

access on single transactionlevel data.


Capabilities


Instruments

Benefits

SAP Innovations

Solution Overview



In todays business environment, banks need to satisfy a wide range of internal and external

reporting requirements quickly and efficiently.

To achieve this, SAP solutions support both

managerial and financial accounting in a single

robust application.

Financial accounting software from

SAP manages local and corporate

accounting and reporting requirements

by unifying robust managerial and

financial accounting for greater

efficiency and transparency.


74% Lower general ledger and

financial closing cost for

banking organizations when

financial system can support

internal/external accounting

requirements


Benchmarking

Capabilities


Benefits

SAP Innovations

Solution Overview


The SAP General Ledger application flexibly

meets the accounting and reporting require-

ments of the most complex organizations

including multinational financial reporting,

parallel accounting, accelerated closing cycles,

and regulatory compliance reporting require-

ments of the bank.



SAPs financial accounting solution provides the right foundation for

accounting and reporting teams.

Enable Accounting Excellence


Capabilities


Benefits

SAP Innovations

Solution Overview

It unifies robust financial accounting functional-

ities to help manage the complexities of global

accounting and reporting requirements, yielding

greater efficiency and transparency. It records

all financial processes into a comprehensive

general ledger and supports multidimensional

reporting and parallel accounting standards.

The solution helps banks achieve complete

financial accounting by integrating financial

instruments, fixed assets, and payables.

A bank can leverage the comprehensive

functionality of the solution for closing

automation, reporting, and audit support.

SAP General Ledger enables internal

and external reporting including IFRS and

U.S. GAAP.

36% Lower budgeting and

forecasting costs when

business and operational

analysis uses single

information source


Benchmarking



The solution provides unified reporting banks can create reports in compliance with multiple

financial reporting standards, including IFRS,

U.S. GAAP, and other accounting standards;

real-time reconciliation managerial and financial accounting are always reconciled

within the general ledger, which helps further

accelerate the financial reporting cycle; faster

close SAP General Ledger helps banks get greater transparency for auditing and

corporate governance; lower costs the solution is designed for easy setup and use,

and applications in the SAP ERP Financials

solution help reduce your total cost of ownership.

Financial accounting software from

SAP improves financial transparency

and productivity. It automates processes

and cuts closing times while enabling

flexible reporting for improved decision

making.

Comprehensive Financial Accounting Improves

Transparency

19% Lower days to close annual

books when general ledger

system supports multiple-

currency accounting

processes and entries


Benchmarking


Capabilities


Benefits

SAP Innovations

Solution Overview



Use the SAP HANA platform to consolidate

data from fragmented sources and provide

instant real-time insight to end users.

Increase operational efficiency and productivity

through a new user experience for expert users.

New mobile solutions for executive and casual

users allow valuable financial insights anytime,

anywhere while providing an enhanced user

experience.

Innovations for Financial Accounting

Focused innovation in process modeling

and rapid-deployment functions enable higher

flexibility and lower total cost of ownership for

deploying new functions and enhancing

existing functions.

Select replacement of current finance

solutions by new cloud solutions offers new

levels of flexibility and operational efficiencies.

68% Greater ability to use Big Data

with enterprise-wide, high

performance analytics


Benchmarking

Nondisruptive, next-generation finance

yields better insight, improved user

experience, higher flexibility, and

lower cost.


Capabilities


Benefits

SAP Innovations

Solution Overview



SAP supports customers in planning, executing,

monitoring, and analyzing the closing steps

for all subsidiaries. This helps banks achieve

greater governance and control, higher

efficiency, reduced cost, increased analysis,

and better transparency in fulfilling tight closing

schedules.

Intercompany reconciliation software from SAP

helps banks to improve the overall financial

close, enabling them to work faster, enhance

quality, and dedicate resources to more value-

added analysis.

SAP solutions help banks achieve

timely and accurate closes for

subsidiaries through greater

standardization and automation,

enhanced user efficiency, and

centralized monitoring and control.

Entity Close Management

37% Fewer days to close annual

books for organizations

that streamline, automate,

and integrate core finance

processes


Benchmarking

Capabilities

Entity Close

Benefits

SAP Innovations

Solution Overview




SAP supports banks in planning,

execution, monitoring, and analyzing

all closing tasks manual steps, transactions, programs, jobs, workflows,

and remote tasks.

Entity close monitoring and analysis delivers

full transparency on closing status and progress

across all legal entities and multiple closing

cycles.

Intercompany reconciliation allows banks to

load intercompany balances or transactional

detail from multiple systems of the group and

reconcile them in real time via an intuitive,

powerful Web application.


books for organizations that

integrate processes within

finance as well as outside


Benchmarking

Manage Legal Entity Close


Capabilities

Entity Close

Benefits

SAP Innovations

Solution Overview

Entity close planning provides an intuitive,

efficient, template-driven approach to

standardize best closing practices across

legal entities and closing cycles.

Entity close execution and scheduling helps

task owners collaborate effectively via an

intuitive interface and automate the closing

cycle using event-driven execution of func-

tionality in accounting and other software

of the SAP Business Suite applications.



The solution helps increase governance and

compliance by standardizing best closing

practices via a flexible template concept. SAP

software provides a comprehensive audit trail,

automatic logging of closing results, and user-

defined notes and attachments per closing task.

The solution helps improve closing efficiency

by automating closing tasks across SAP and

non-SAP systems. It has event-based execution

and notifications and is a powerful, collaborative

application for managing the close across

multiple systems, entities, and time zones.

Banks gain better transparency and insight

via real-time reporting on closing status and

closing progress across the group and across

closing cycles. It can get reports on planned

versus actual start times and duration.

Banks can increase efficiency and reduce cost

of intercompany reconciliation by leveraging

SAPs peer-to-peer approach, empowering individual business units and speeding up

the reconciliation through automatic matching

of intercompany invoices.

The solution supports a collaborative

and highly automated end-to-end

close for group entities. It helps quickly

identify and resolve intercompany

differences and eliminate close process

bottlenecks.

Improved Close Governance, Compliance,

Efficiency, and Insight

31% Lower audit cost for banking

organizations that reduce

number of manual controls,

monitors, and audits


Benchmarking


Capabilities

Entity Close

Benefits

SAP Innovations

Solution Overview



SAP HANA

Intercompany reconciliation solutions from SAP

work efficiently on enormous volumes of

intercompany balances and invoices and

guarantee an efficient, real-time, peer-to-peer

reconciliation process between subsidiaries.

Innovations for Entity Close

Analytics

The SAP Financial Closing cockpit helps banks

increase quality and governance with real-time

monitoring and analysis of all tasks via the SAP

BusinessObjects business intelligence

solutions for the closing cycles of subsidiaries.

Mobile

The SAP Financial Closing cockpit provides

flexible notifications on different events, such

as tasks overdue, to support people on the go.

40% Greater insights from Big

Data with well-established

analytics and data modeling


Benchmarking

SAP innovations speed up the closing

cycle and provide real-time insight into

status and progress of the entity close.


Capabilities

Entity Close

Benefits

SAP Innovations

Solution Overview



SAP financial consolidation software helps

banks deliver fast, accurate financial consolida-

tions, freeing teams up to focus on strategy and

analysis. It helps navigate multiple currencies,

mergers and acquisitions, and evolving

standards and regulations like IFRS, GAAP,

and XBRL electronic filing format.

The solution helps banks reduce time and cost

of closing and reporting cycles while keeping

controls; make better, faster decisions based

on accurate information; comply with IFRS

and GAAP; strengthen investor relations with

transparent data; and improve flexibility

business-wide to quickly adapt to change.

SAP corporate close solutions give chief

financial officers the speed, processing

power, agility, and breadth of analysis

they need to complete financial

consolidation and reporting cycles

faster.

Corporate Close


books for organizations that

provide comprehensive

documentation of risks and

risk-mitigation processes


Benchmarking

Capabilities

Corporate Close

Benefits

SAP Innovations

Solution Overview




The solution gives banks the power,

financial intelligence, process control,

and transparency to comply with global

reporting requirements like GAAP,

IFRS, and FINREP.

In addition, the solution helps banks maintain

a fully documented audit trail for regulatory

compliance and reduced audit costs, and it

easily integrates to SAP and non-SAP software

systems.

Finally, the software provides planned and

consolidated financial reporting from a single

application, and it gives banks the ability to

leverage native Microsoft Office tools via a new

enterprise performance management (EPM)

add-in for Microsoft Office.


management FTEs when risk

management system supports

automated reports and alerts


Benchmarking

Support Regulatory Reporting


Capabilities

Corporate Close

Benefits

SAP Innovations

Solution Overview

It also gives banks timely, reliable information

and analysis; automated consolidation proces-

ses such as journals, intercompany matching

and reconciliation, eliminations, dividend, and

investment elimination; the ability to run different

simulations of data for better analysis, and

variations on currency calculations, organiza-

tional roll-ups, and regulatory requirements.



Stakeholder confidence is crucial for both inter-

nal and external reporting. SAP applications

for corporate close provide the functionality for

legal and management reporting from within

the same tool. This saves time and money and

provides one version of the truth, which

eliminates the need to tie multiple reports

together.

The solution supports multiple currencies and

reporting standards with automated processes,

which are quicker and more accurate than

manual processes.

The automated financial processes generate an

electronic audit trail. This allows banks to trace

back to the source of information and to find

out what, when, and by whom adjustments

were made, making the data more reliable and

ensuring individual accountability.

The key benefit to banks is support for making

more informed decisions, and automation

quickly provides reliable data.

The solution helps banks produce

financial statements to instill stake-

holder confidence, supports multiple

currencies and reporting standards,

and gives full visibility to help make

better decisions.

Streamlined Financial Consolidation and

Reporting Process

23% Lower days to close

annual books reported by

organizations that drive

effective consolidation

and reporting


Benchmarking


Capabilities

Corporate Close

Benefits

SAP Innovations

Solution Overview



SAP HANA

The SAP Business Planning and Consolidation

application leverages the power of the SAP

HANA platform to report and analyze large

volumes of data accurately and efficiently.

Analytics

The SAP EPM Unwired mobile app allows on-

the-go access to financial reports to help banks

make more informed decisions with immediate

access to online and offline information.

Innovations for Corporate Close

Mobile

The solution helps banks collect, consolidate,

and disclose financial information faster. It

enables collaboration and workflow, reducing

risk and increasing accuracy by providing a

detailed audit trail, ensuring compliance and

accountability.

20% Higher revenue per employee

when information is used to

find competitive advantages


Benchmarking

SAP innovations improve the speed

and accuracy of the corporate close by

automating processes with detailed

audit trails.


Capabilities

Corporate Close

Benefits

SAP Innovations

Solution Overview



The production and analysis of financial

statements for internal and external purposes

typically requires the involvement of many

distributed teams and multiple data sources.

Many different versions of reports are created

during the process, and each version requires

The solution helps banks in reporting

and disclosure processes. It facilitates

auditable, compliant workflow that

reduces time, risk, and cost in production

and approval of statements and

disclosures.


Capabilities


Benefits

SAP Innovations

Solution Overview


approval from different managers. These

reports include external reporting to regulatory

authorities and internal reports to board

members. Many organizations use manual

processes, which tend to have more errors than

automated processes.



The solution brings complex financial

processes into a single framework; provides

financial professionals a visual, easy-to-use

way to manage financial-statement production;

enables collaboration and workflow between

individuals and teams; meets disclosure

requirements from regulatory bodies such as

the European Banking Authority; meets the

demands of XBRL publishing and International

Financial Reporting Standards compliance; and

offers multiple output options for financial and

regulatory statement filing and publication.

Lower Compliance and Reporting Costs


Capabilities


Benefits

SAP Innovations

Solution Overview



The solution helps to create speed and

flexibility; accelerate the generation of

disclosure statements; integrate data for a

single view across the organization; optimize

the close from source to digital disclosure;

assign disclosure responsibility to distributed

teams; automate integration and data flows

designed for ownership by finance profes-

sionals; maintain compliance and control;

produce trusted financial statements in-house;

support multiple financial and regulatory

statements; enable creation of XBRL-based

statements; and accelerate legal compliance

with preconfigured starter kits embedding best

practices in compliance and XBRL filing for

IFRS, U.S. GAAP, and other local accounting

standards.

The office of the chief financial

officer can leverage the disclosure

management tool to eliminate

numerous manual processes, reduce

errors, and increase accountability in

the production of reports.

Lowering Compliance and Reporting Costs


Capabilities


Benefits

SAP Innovations

Solution Overview



Innovations for Reporting and Disclosure

24% Higher operating margins

when enterprise mobility

is embedded in business

processes


Benchmarking

SAP innovations improve the

flexibility and reduce the risk and

cost of reporting and disclosure.

SAP HANA

The SAP ERP, SAP NetWeaver Business

Ware-house, and SAP Business Planning and

Consolidation applications leverage the power

of SAP HANA to report and analyze large

volumes of data accurately and efficiently.

Mobile

SAP Mobile Platform can be leveraged in the

accounting and financial close process, providing

on-the-go access to financial reports to make

more-informed decisions with immediate access

to information.

Analytics

Analytics offerings from SAP provide many

reporting options that give banks the ability

to drill down to source data on multiple

dimensions to be able to better analyze the

root cause of variances. The SAP Disclosure

Management application reduces the time, risk,

and cost of internal and external disclosures.


Capabilities


Benefits

SAP Innovations

Solution Overview



SAP helps banks govern their financial master

data centrally. This covers the end-to-end

process from the request for new or change of existing master data, through flexible multi-

step approvals, up to the efficient delivery of

master data and hierarchies to applications in

SAP Business Suite software and beyond.

Banks experience greater efficiency in

maintaining their master data, better quality

data, and strong audit trails. This facilitates

faster financial close and more efficient

compliance with IFRS, GAAP, and local

accounting standards.

Banks use financial close governance

software from SAP to increase

governance, mitigate risks, and achieve

compliance and quality with consistent

financial master data bank-wide.


Capabilities


Benefits

SAP Innovations

Solution Overview



management cost where the

financial system can support

internal as well as external

accounting requirements


Benchmarking



Using financial close governance

software from SAP, banks efficiently

maintain financial master data centrally.

Types of data include general ledger

accounts, financial reporting structures,

and organizational units including group companies, profit centers, and

cost centers.

The application provides flexible approval

workflows that expedite and provide control

over the change-request process.

Using replication methods, the solution can

distribute changes to other applications running

in the bank, such as the SAP Accounting for

Financial Instruments and SAP ERP applications,

consolidation applications, and non-SAP

software.

Govern Financial Master Data


Capabilities


Benefits

SAP Innovations

Solution Overview

Corporate data is also easily integrated with

subsidiary master data.

The application supports the automatic distri-

bution of master data to subsidiaries, easing

the workload for them as well.

The solution tracks all changes made to master

data through auditable governance processes

that comply with the Sarbanes-Oxley Act and

similar regulations.



The solution can help banks achieve a faster

close for publishing financial statements in

good time; increased efficiency of corporate

groups due to more reliable and accurate data;

accurate, comprehensive reporting as a result

of consistent master data and hierarchies; and

improved compliance with IASB, FASB, and

other standard-setters through a governed

master data process with auditable data, data

changes, and audit trails.

Banks can also use the flexible data model to

maintain all kinds of financial master data. A

model for standard financial objects is included

in the solution, which can be refined and

enhanced as required.

The solution also provides a flexible Web user

interface model to tailor the end-user interface

to specific requirements.

The solution provides corporate

governance and increased quality of

financial data, thus supporting greater

efficiency, improved compliance,

and consistent financial results.

Consistent Financial Master Data Bank-Wide


Capabilities


Benefits

SAP Innovations

Solution Overview



Analytics

Banks utilize the SAP Master Data Governance

application to analyze processing times and

statuses of change requests. This involves

monitoring business activities, tracking

compliance with service-level agreements,

optimizing processes, and turning insight into

action.

Innovations for Financial Close Governance

Mobile

Strong governance by flexible approval

processes is a key strength of the SAP

solution. It is designed to make approvals

available via mobile devices.

Banks use SAP innovations to improve

quality, efficiency, and timeliness of

the financial close.


Capabilities


Benefits

SAP Innovations

Solution Overview




Support for accounting and

financial close a key offering from SAP.


Solution Overview




Instruments

Entity Close



Corporate Close

Why SAP?

Accounting and

Financial Close

Accounting for

Financial

Instruments

Financial Close

Governance

Financial

Accounting

Entity and

Corporate Close

Reporting and

Disclosure

Collaborative

Finance

Operations

Invoice to Pay Travel

Management

Shared Services

Framework



Why SAP?

Accounting and financial close software from SAP enables capital market firms to

maintain regulatory compliance. The software also helps provide transparency of

information to internal stakeholders rapidly and efficiently.

Wide Solution Portfolio

SAP offers the most comprehensive portfolio of finance solutions for the banking industry that

meet and anticipate information demands from regulatory bodies and internal constituents

efficiently and cost-effectively.

Leveraging Breakthrough Innovations

SAP solutions use innovative technologies, including the SAP HANA platform, mobile,

analytics, and cloud computing, that enable business process optimization at low cost.

40 Years of Delivering Value to Banks

The worlds leading banks rely on SAP software to run their finance processes.


Solution Overview




Instruments

Entity Close



Corporate Close

Why SAP?



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Solution in Detail

Executive Summary Solution Overview Contact Us Banking Capital Markets

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Documents

SAP Solution in Detail Banking Capital Markets Accounting and Financial Close