#
#
#
#
Executive Summary Get more from your SAP system by implementing the Financial Closing cockpit. You can streamline and guide the entire closing process from a single access point, allowing you to make measurable efficiency gains, improve the control on the data produced and provide a trace for all actions taken. Please join us on the SAP World Tour to find out more about the SAP FCc. The Challenges Most companies have invested significant effort to get their core financial processes up to speed, where executing these processes in a correct manner was the central focus. However, in many cases the analysis of financial processes proves to be still somewhat problematic. Companies face questions such as: “How are we doing compared to others? Are we improving our process? And if there is a bottleneck, where can we find it?” Without the proper tools and meth-odologies in place, taking your process to the next level is indeed quite the challenge. A textbook example is the financial closing process, where companies face different challenges in one amalgamated process. Broken down into four main categories, these challenges are: Transparency: How can we know what is happening in the process when it is happening? Efficiency: How can we automate data selection and communication across different systems and subsidiaries in order to free up time and resources, which should be used to analyze figures, rather than gathering & formatting them? Compliancy: How can we make sure we meet the requirements of accounting principles, SOX and other legal obligations? How can we avoid unnecessary audit costs ? Positive impact: How can we make sure that our closing proc-ess won’t slow down our entire organization during the closing cycle? How can we reduce the stress caused by this process and challenge our people in a positive way? The Solution The core idea: The SAP Financial Closing cockpit can help you take full control of the closing process. By structuring and automating large parts of the closing process and providing you with real-time status feedback, this tool will provide you with a central work center from which a company and its employees can start tasks, orchestrate the sequence of tasks, follow up in real-time and communicate. Not only will it offer a complete overview for management purposes, it will also offer your employees a central place where they can execute tasks, add notes or legal proof and see the prerequisites for a task either in classic SAP GUI or trough the SAP enterprise portal. But there is more: If your IT landscape is divided amongst many different systems and regions SAP’s FCc can team up together with SAP Central Process Scheduling (by Redwood). This will allow a company to trigger tasks & jobs in different systems directly from of the FCc, with enhanced status feedback back into the FCc. Not enough? When linked with BW, extensive reporting is available. Want to know what tasks are taking longer than expected? Want to compare different closing cycles to find those tasks that are slowing you down? All of this is possible without requiring further development. And you can even take it further and provide a high-level overview of a current closing cycle by linking an Xcelcius Dashboard, providing you with the necessary KPI’s in the blink of an eye. The differentiating factor EoZen is the first company to implement the FCc in Belgium. An FCc project requires a different, well balanced skill set that combines strong SAP knowledge, financial closing process insights and the ability to capture, model, analyze and optimize the functional process. EoZen has a dedicated team focusing on this topic. Furthermore, EoZen can rely on its partnership with both Redwood and SAP for full technical support. Therefore Eozen is the preferred partner for an FCc/ CPS implementation. “Not automating the orchestration & communication of your closing process leaves room for inefficiency & errors. It’s like one policeman organizing traffic for an entire city, without the help of traffic lights More info ? Eozen Luxembourg Claude.jonniaux@Eozen.com

Publié le 14 mars 2011