SAP Financial Closing cockpit in SAP S/4HANA; status and Roadmap

PUBLIC

Christoph Ernst, SAP

July, 2017

SAP Financial Closing cockpit in SAP S/4HANAStatus and Roadmap

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assumes no responsibility for errors or omissions in this presentation, except if such damages were caused by SAP’s intentional or gross

negligence.

All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from

expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates,

and they should not be relied upon in making purchasing decisions.

Disclaimer


Agenda

SAP Financial Closing

cockpit (SAP FCc) Overview

Status

SAP S/4HANA Financial

Closing cockpit

Roadmap

SAP S/4HANA 1709

Outlook into the Cloud

Use cases

Central Close

SAP Shared Service Framework and SAP S/4HANA FCc

SAP Process Control and SAP S/4HANA FCc

Beyond Closing

Analytics SAP FCc Analytics with SAP Smart Business

SAP FCc Analytics with SAP Lumira

SAP BI Content

Additional Information Availability options

Key Capabilities (SAP FCc process)

Closing cockpit


Agenda



Status


Closing cockpit

Roadmap

SAP S/4HANA 1709


Use cases

Central Close



Beyond Closing



SAP BI Content



Closing cockpit


SAP Financial Closing cockpit with SAP ECC

SAP ECC

SAP Financial

Closing

cockpit

Faster close

Stricter Close governance

Less effort and cost

Increased Compliance

Improved data quality

Less errors

Higher transparency

Central planning,

execution and monitoring

of all close activities in all

areas

Templates for process

steps of entities

Documentation of status

Design Value


SAP Financial Closing cockpit with SAP S/4HANA

SAP ECCSAP S/4HANA

1511, 1610

SAP Financial

Closing

cockpit

SAP Financial

Closing

cockpit


Customers who use the SAP Financial Closing

cockpit in ECC can continue to use the SAP

Financial Closing Cockpit in SAP S/4HANA.

Customers can start using SAP Financial Closing

cockpit with SAP S/4HANA 1511 or 1610 as well.

SAP Financial Closing cockpit = Transactions

codes „FCLOCOx“

However, SAP Financial Closing cockpit remains

part of the compatibility scope matrix (since the

list should remain stable; note: 2269324)

SAP Financial Closing cockpit with SAP S/4HANA: Detail

SAP S/4HANA

1511, 1610

SAP Financial

Closing

cockpit


Existing SAP Financial Closing cockpit can also

work with other scheduling solutions than Redwood

(note: 2391918)

Business Automation Enabler (BAE) is an interface

between SAP Financial Closing Cockpit and External

Scheduling Tools like SAP Central Process Scheduler

(CPS) for scheduling jobs and job chains and integrating of

business and infrastructure events.

Before 01.11.2016 the usage of this interface was

restricted to SAP BPA and SAP CPS only.

Starting from 01.11.2016 it was released for all external

schedulers that have passed either the SMSE or the BAE

certification procedure.

UC4 Automic, Redwood Cronacle, IBM Tivoli, CA Workload

Automation, Honico Batchman, SAP BPA, SAP CPS

SAP Financial Closing cockpit: open to various scheduling solutions

SAP ECC/SAP S/4HANA

SAP Financial

Closing

cockpit


Agenda



Status


Closing cockpit

Roadmap

SAP S/4HANA 1709


Use cases

Central Close



Beyond Closing



SAP BI Content



Closing cockpit


Perfect Planning, Automation and Monitoring –

SAP S/4HANA Financial Closing cockpit

Benefits

Faster Entity Close through

improved closing efficiency

Governance and Compliance

Transparency and Insight

15-25% Faster Closing cycle – while ensuring high quality compliant results Source: SAP Performance Benchmarking

Capabilities

Automated closing tasks, even in remote

systems and powerful, user-friendly

application for manual tasks

Collaboration, notifications, and workflows

Define a global game plan for the entity

close; leverage it for multiple org units and

closing cycles

Audit trail, logging, documentation

Real-time insight into the closing status

Monitoring by subsidiaries and headquarter

Close Analysis

* This is the current state of planning and may be changed by SAP at any time without notice.


Planned innovations: SAP S/4HANA 1709Focus: provide SAP S/4HANA on premise customers with SAP FCc

part of SAP S/4HANA Core (no add-on anymore) with comparable functionality as add-on

Fioritized UX (on the basis of existing transactions)

Product vision: Intelligent Financial Closing cockpit on SAP Cloud Platform

Focus: cloud, automation, machine learning and analytics

Cloud: Flexible deployment option, connectivity to on premise and cloud

Automation: Scheduling or processing of closing tasks in due sequence with complete audit trail for status changes, incidents and relevant

result objects; approval workflow for specific tasks

Machine Learning: leverage existing and planned

Apps like GR/IR, Intercompany, Accruals, Matching,

Reconciliation

Analytics: Financial Close KPI Overview

SAP S/4HANA Financial Closing cockpit – Roadmap*


Mus

terMus

terMus

terMus

ter


SAP FCc is planned to become a core part of SAP

S/4HANA 1709 (as opposed to being an add-on to

ECC/SAP S/4HANA 1610) with automatic technical

transition for existing SAP FCc customers.

SAP FCc is planned to come with a new and renovated

UX (Fiori) – current capabilities remain.

SAP FCc remains to be a separate license. Existing

licenses will be credited.

It comes with a new SAP S/4HANA material number

(outside Compatibility Pack), however keeping the same

metric.

7019413 SAP S/4HANA Financial Closing cockpit

8005543 Cloud (HEC) SAP S/4HANA Financial Closing

cockpit

► Reliable path into the future for existing and new

customers of SAP FCc

Planned innovation*:

SAP S/4HANA Financial Closing cockpit with SAP S/4HANA 1709

SAP S/4HANA

1709

SAP S/4HANA

Financial

Closing

cockpit



Planned innovation*:

SAP S/4HANA Financial Closing cockpit with SAP S/4HANA 1709

Muster

Muster

Muster

Muster



Intelligent

Financial

Closing cockpit

SAP Cloud Platform

SAP S/4HANA

Product Vision*: SAP Intelligent Financial Closing cockpit

Integration with SAP Cloud Platform extension approach

Focus: cloud, automation, machine learning and analytics

Cloud: Flexible deployment option, connectivity to on premise and cloud

Automation: Scheduling or processing of closing tasks in due sequence with complete audit trail for status changes, incidents and

relevant result objects; approval workflow for specific tasks

Machine Learning: leverage existing and planned Apps like GR/IR, Intercompany, Accruals, Matching, Reconciliation

Analytics: Financial Close KPI Overview

SAP ERP SAP S/4HANA

Cloud















Agenda



Status


Closing cockpit

Roadmap

SAP S/4HANA 1709


Use cases

Central Close



Beyond Closing



SAP BI Content



Closing cockpit


SAP Financial

Closing cockpit

SAP S/4HANA

Central Close with SAP Financial Closing cockpit in heterogenous

landscapes

One technical installation of SAP Financial Closing cockpit (on SAP ERP, SAP S/4HANA, or SAP

BW), connected with the entity systems, can be set up to centrally manage the respective closing

tasks in various source-systems.

SAP Financial Closing cockpit can also be technically installed on a SAP Central Finance instance.

However, it is not required to replicate the entity data into the Central Finance instance – the SAP

Financial Closing cockpit can perfectly work remotely, no need for data replication.

To allow for scheduling and monitoring tasks in Non-SAP environment, SAP Business Process

Automation by Redwood is necessary; in an SAP environment it is not.

SAP ERP Non-SAP


SAP Shared Service Framework Introducing a new world of Digital Finance

SAP Shared Service Framework

enables Shared Service Organizations

to increase the efficiency of their

operations

Provides a central working environment for

the entire shared service organization

Integrates deeply along all financial End-to-

End processes

Streamlines and automates processes

Hides the complexity of typical shared

service organization landscapes to the end-

users


SAP‘s Service Management PlatformProviding state-of-the-art Service Management Capabilities

Supporting a broad set of communication

channels

Sophisticated Case Management

functionalities

Complete transparency on Service Level

Agreements

Clear responsibilities for efficient service

execution and delivery

Increased transparency with embedded

Service Analytics

SAPShared Service

Framework

Service center management

Communication management

Service delivery

Service routing

Analytics

Governance and compliance


Planning the Implementation of SAP Enablers Simplifying the Patterns of Shared Service Delivery

Service

execution

Request Feedback

A. Communication

Service

executionB. Exception Handling

Business Process

C. End-2-End

Process ManagementService

Execution


SAP Shared

Service

Framework

SAP Shared Service FrameworkDeeply integrated out-of-the-box into SAP’s Finance Solution Portfolio

Integrated out-of-the-box with SAP end-to-

end automation engines

For example:

Optimized Accounts Receivable Process with

Integrated collection and dispute worklists with SSF

and the SAP Receivables Management solutions

Simplified communication and automated execution of

the Closing Process with SSF and SAP Financial

Closing Cockpit

Enhanced issue resolution capabilities in Accounts

Payable with SSF and SAP Invoice Management by

Open Text

..and many more…

Accounts Receivable

ClosingProcess

And many

more

Accounts Payables


Support decisions and promote

accountability with insightful

analytics and sign-off

Perform automated,

exception-based

monitoring of ERP systems

Evaluate control design and effectiveness;

raise and remediate issues

Perform periodic risk

assessments to determine

scope and test strategies

Document controls and policies

centrally; map to key regulations

and impacted organizations

SAP Process ControlEnsure effective controls and on-going compliance


SAP

Process

Control

SAP Process Control and SAP Financial Closing* cockpit

SAP S/4HANA

1709

SAP S/4HANA

Financial

Closing

cockpit

It may be usefull to include

results of internal control

monitoring with SAP Process

Control into status overview

in SAP FCc (on project basis)

Documentation and archiving

of results can be performed

in SAP FCc as well.

* Use cases described are valid with SAP FCc 2.0 as well.


SAP FCc is not only about Closing:

Whenever system related tasks have to be carried out, steps

or results have to be docmented and/or collaborative work

needs to be supported, SAP FCc capabilities are ready to

support.

Customers use SAP FCc for example to plan, monitor and

execute daily routines like payment and dunning runs.

Often general, regular reporting tasks are incorporated

into the task lists to be controlled by SAP FCc.

Sometimes SAP FCc is leveraged to collect and

document certain control activities as well.

► SAP FCc is designed to support Closing – however it

can also leverage far more tasks in the Finance

Department (and is not even limited to it).

SAP S/4HANA Financial Closing cockpit*: Beyond Closing

SAP S/4HANA

1709

SAP S/4HANA

Financial

Closing

cockpit

* Use cases described are valid with SAP FCc 2.0 as well.


Agenda



Status


Closing cockpit

Roadmap

SAP S/4HANA 1709


Use cases

Central Close



Beyond Closing



SAP BI Content



Closing cockpit


SAP Smart Business for Financial Close




SAP Smart Business for Financial Close 1.0

offers monitoring and analytics apps on top of

SAP FCc. http://help.sap.com/ssb

Included in the standard license

Available with SAP ECC (requires SAP HANA)

and SAP S/4HANA Finance (aka “Simple

Finance add-on”) 1503 and 1605.

Is an optional component to SAP FCc; not

intended to fully replace BW Content, no further

investments from SAP side.


SAP S/4HANA

SAP Financial

Closing

cockpit

http://help.sap.com/ssb


SAP Lumira for Financial Close


SAP Lumira for Financial Close


SAP BI content 7.07

https://help.sap.com/viewer/8283ab99b2f540c18afbe5cbb34501e3/7.07.20/en-US/b4912e8714ed4fb79d16ac876457d375.html

https://help.sap.com/viewer/8283ab99b2f540c18afbe5cbb34501e3/7.07.20/en-US/b4912e8714ed4fb79d16ac876457d375.html


Agenda



Status


Closing cockpit

Roadmap

SAP S/4HANA 1709


Use cases

Central Close



Beyond Closing



SAP BI Content



Closing cockpit


Deployment options

SAP ECC SAP S/4HANA

Finance (add-on)

1503, 1605

SAP S/4HANA

Finance 1511, 1610

SAP S/4HANA

Finance 1709*

Fiori UX

(WebDynpro)x

SAP GUI x x x x

SAP S/4HANA

Financial Closing

cockpit

x

SAP Smart

Businessx x

SAP BW Content x x x** x**

SAP Financial

Closing cockpit 2.0x x x


** with restrictions


SAP Financial Closing Cockpit

Analyze ExecuteEntity Close

Management

Monitor

Plan


SAP S/4HANA Financial Closing cockpit



Entity Close

Management

Plan


Defining the Game Plan for the Entity Close (1)

The template contains:

all default tasks related to

Tasks are organized in hierarchies, e.g.

by organizational units, responsibilities,

and/or closing phases.

All tasks in the template are classified

by closing type to support easy reuse

Prepare Entity

Close *

GL

Submit to Corporate

Close

Assets CostsCorporate Accounting Local Accountant

Execute Entity Close Tasks

Monitorand Analyze

Define Global

Plan for Entity

Close

Local / Corporate Local Accountant


Defining the Game Plan for the Entity Close (2)

There are multiple types of tasks

- Notes (pure manual steps)

- Transactions

- Programs with or w/o variant

- Workflows -

Jobs

- Remote tasks

- Tasks in other systems

- Automation in the same system

Prepare Entity

Close *

GL

Submit to Corporate

Close



Monitorand Analyze

Define Global

Plan for Entity

Close



Improved Task Maintenance for Organizational Units

Three functions are available to maintain tasks in

the Organizational hierarchy:

- Copy task to all Organizational units

- Replace in all Organizational units

- Delete in all Organizational units


Support of different time zones



ExecuteEntity Close

Management

Plan


Preparing a Concrete Entity Close Cycle

Prepare Entity

Close *

GL

Submit to Corporate

Close



Monitorand Analyze

Define Global

Plan for Entity

Close


The task list contains all tasks related

to a concrete close cycle and the

absolute schedule for the tasks.

The task list is generated from the

template and adjusted according to

the concrete closing cycle of the

subsidiary.

Generation of task lists can even be

organized under corporate

responsibility to ensure a harmonized

closing process across subsidiaries.


Executing and Documenting the Entity Close (1)

The task list can be accessed and

processed by all stakeholders, either

using SAP GUI or via a Web

application.

Tasks can be executed online or

scheduled for batch processing.

Task dependencies are taken into

account, e.g. a task will not be started

prior to its predecessors being finished.

Prepare Entity

Close *

GL

Submit to Corporate

Close



Monitorand Analyze

Define Global

Plan for Entity

Close



Executing and Documenting the Entity Close (2)

The system provides detailed status

information on each task.

It provides links to all system-created

documentation (job logs, spool lists,

application logs).

Users can add additional external

documentation to tasks.

Prepare Entity

Close *

GL

Submit to Corporate

Close



Monitorand Analyze

Define Global

Plan for Close



Task-Schedule/Execution from Tasklist Web UI



ExecuteEntity Close

Management

Monitor

Plan


Monitoring the Entity Close

Prepare Entity

Close *

GL

Submit to Corporate

Close



Monitorand Analyze

Define Global

Plan for Close


The status and progress of the entity

close can be displayed as SAP

NetWeaver BW queries that provide

real-time access to the close figures

or in the SAP Fiori Overview page

(planned).

This enables corporate managers as

well as managers of the subsidiaries

to monitor the status of the closing

process on their levels of

responsibilities.


BI Reporting – Closing Status OverviewProvides an overview of the closing status of each task list


BI Reporting – Closing Schedule OverviewProvides an overview of each task’s schedule


SAP S/4HANA Financial Closing Cockpit

Analyze ExecuteEntity Close

Management

Monitor

Plan


Analyzing and Continually Improving the Entity Close

Gain insightOptimize

Prepare Entity

Close *

GL

Submit to Corporate

Close



Monitorand Analyze

Define Global

Plan for Close


The actual duration of the tasks

in a single close can be

compared with the planned

duration using an SAP

NetWeaver BW query or SAP

Fiori (Planned).

This enables the user to

improve the template based on

clear insights for the next

closing cycle.


BI Reporting – Closing Schedule AnalysisAnalyses the tasks’ completion status


BI Reporting – Closing Schedule Analysis (Cross Period)Provides an overview of the cross period schedule analysis of each task


Closing Cockpit with SAP S/4HANA

SAP ECC

Closing

Cockpit

Close governance

Efficiency

Insight

Templates / task lists for

standardized closing

UI for close management

Automation via jobs, WF

Monitoring of status and

execution in SAP GUI

Design Value


SAP Financial Closing cockpit versus the closing cockpit functionality (CC)

included in the SAP ERP license

Stronger

Governance

Increased

EfficiencyBetter Insight

Attachments per task in

templates and task lists

Extended authorization

(e.g. on task, org unit)

Multiple processors per

task, HR org support

Central storage of logs

Comprehensive audit trail

Internal controls

Extended dependencies

Extended transports

Easy template definition

Filtering, mass changes

Factory calendars

Flexible notifications

Event-driven execution

Remote task execution

Integration to SAP CPS

Jobs of other schedulers

Access to WF monitor

Extensibility (e.g. variables)

Smart Business Cockpit*

Web user interface

Improved user experience

(e.g. ready to execute)

Profiles for pre-selection

within a task list

GANTT chart

Time zone support

Real-time BW queries for

monitoring / analysis

Insight across multiple

entities / close cycles

Templates / task lists for

standardized closing

CC

in

ER

P

Ad

dit

on

alC

ap

ab

ilitie

s o

f

Fin

an

cia

l C

losin

g c

ockp

it

UI for close management

Automation via jobs, WF

Monitoring of status and

execution in SAP GUI

* requires SAP HANA


Closing Cockpit with SAP S/4HANA

SAP ECC

Closing

Cockpit

SAP S/4HANA

Closing

Cockpit


Customers who use the Closing Cockpit in

ECC can continue to use the Closing Cockpit

in SAP S/4HANA.

NOTE: 2332547 - S4TWL - Closing Cockpit with S/4HANA OP

The functionality of the standard Closing cockpit (without license) is

available, but defined as "not the target architecture" in SAP

S/4HANA 1511, 1610 or subsequent releases. See SAP note

2269324 – Compatibility Scope Matrix for SAP S/4HANA, on-

premise edition. Thus transaction codes CLOCO, CLOCOC and

CLOCOS are supported but are part of compatibility scope in

S/4HANA OP. The Business Functions FIN_ACC_LOCAL_CLOSE,

FIN_ACC_LOCAL_CLOSE_2, FIN_ACC_LOCAL_CLOSE_3

(requiring a license for SAP Financial Closing cockpit) are flagged

as obsolete in S/4HANA OP.

If any of the Business Functions listed above are active, consider to

use the Add-On Financials Closing Cockpit 2.0 instead.

https://launchpad.support.sap.com/#/notes/2332547

Closing Cockpit with SAP S/4HANA: Detail

SAP S/4HANA

Closing

Cockpit

https://launchpad.support.sap.com/#/notes/2332547


Agenda



Status


Closing cockpit

Roadmap

SAP S/4HANA 1709


Use cases

Central Close



Beyond Closing



SAP BI Content



Closing cockpit

What do you think?

Contact:

Dr. Christoph Ernst

Senior Director

Finance Solutions

SAP SE

+49 160 9081 9609

[email protected]

mailto:[email protected]

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companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP or SAP affiliate company products and services are those that are

set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.

In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release

any functionality mentioned therein. This document, or any related presentation, and SAP SE’s or its affiliated companies’ strategy and possible future developments, products,

and/or platform directions and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The

information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward-looking statements are subject to various

risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements,

and they should not be relied upon in making purchasing decisions.

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SAP Financial Closing cockpit in SAP S/4HANA; status and Roadmap