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SAP Financial Closing Cockpit

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Last updated on

Company health

Employee growth
12% increase in the last year
Web traffic
5% decrease in the last quarter

Ratings

G2
4.4/5
(10)

SAP Financial Closing Cockpit description

SAP Financial Closing Cockpit, part of the SAP Signavio suite, helps businesses of all sizes manage their financial close process. This tool streamlines the month-end or year-end close by offering a centralized hub to track tasks, deadlines, and responsibilities. Through automation and increased visibility, it aims to reduce errors, improve compliance, and shorten the overall closing cycle.

Who is SAP Financial Closing Cockpit best for

We find that SAP Financial Closing Cockpit is ideal for mid-to-large businesses, especially those in finance and accounting, already using SAP systems. It helps streamline financial closing, reduce errors, and improve compliance. In our experience, it's most effective for businesses with over 100 employees.

  • Perfect for mid-sized to large enterprises (100+ employees) seeking to streamline and automate their financial closing processes.

  • Great fit for companies in Finance, Banking, and Insurance looking to optimize financial reporting and compliance.

SAP Financial Closing Cockpit features

Supported

Centralized Close Management: Centralized platform to manage and track financial close tasks, deadlines, and responsibilities.

Supported

Close Process Automation: Automates tasks within the financial close process to improve efficiency and reduce manual effort.

Supported

Real-time Close Monitoring: Provides real-time visibility into the status of the financial close process.

Supported

Error Reduction and Compliance: Aims to reduce errors and improve compliance in financial reporting.

SAP Financial Closing Cockpit pricing

The commentary is based on 1 reviews from SAP Financial Closing Cockpit G2 reviews.

We find that while SAP Financial Closing Cockpit adds to the base SAP cost, some users consider it a worthwhile investment. The potential streamlining and improvements to financial health could offset the extra expense.

See the SAP Financial Closing Cockpit pricing page.

SAP Financial Closing Cockpit alternatives

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SAP Financial Closing Cockpit FAQ

  • What is SAP Financial Closing Cockpit and what does SAP Financial Closing Cockpit do?

    SAP Financial Closing Cockpit centralizes and automates financial close tasks, providing real-time monitoring and aiming to reduce errors. We find it helps streamline month-end and year-end closing for businesses using SAP finance systems.

  • How does SAP Financial Closing Cockpit integrate with other tools?

    SAP Financial Closing Cockpit integrates seamlessly with SAP ERP systems and other SAP solutions. We find this tight integration helps streamline financial closing processes by centralizing data and automating tasks within the existing SAP landscape.

  • What the main competitors of SAP Financial Closing Cockpit?

    We find that alternatives to SAP Financial Closing Cockpit include solutions like BlackLine, Cadency, and Fluxx. These tools offer similar functionalities, such as financial close automation and task management.

  • Is SAP Financial Closing Cockpit legit?

    Yes, SAP Financial Closing Cockpit is a legitimate product offered by SAP. It's a widely used tool for managing financial close processes, and we find it particularly helpful for businesses already within the SAP ecosystem. It has positive ratings and reviews on G2.

  • How much does SAP Financial Closing Cockpit cost?

    I am sorry, but we don't have pricing information for SAP Financial Closing Cockpit. Contact SAP directly to obtain a quote tailored to your specific needs.

  • Is SAP Financial Closing Cockpit customer service good?

    We find that SAP Financial Closing Cockpit's customer support is generally helpful. Users mention the support team being helpful with some problems during implementation and daily use. However, there's a desire for more customizable reporting options within the software itself.

Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.