Period-end closing

Accurate period-end closing is essential to understand the performance and finer details of the business. Built on SAP, our solution enables faster period-end closing while increasing accuracy by automating the process. The solution is actively processing data throughout the month, reducing the number of tasks at period-end.  Our solution has reduced month-end close by 40% for our client Universal Music Group. 

Integrated Data

Ability to process SAP and non-SAP sources of data

Reduce Costs

Atomisation allows organisation to achieve a more balanced workload throughout the month, with reduced effort and costs

Better Visibility

More accurate information is provided throughout the month, allowing for on-going analysis by senior management

Better Decision Making

Timely data reporting means management can make more informed decision faster

A powerful and flexible solution for faster closing

Our solution brings together several financial and controlling modules from within SAP, along with some bespoke solutions. This customised solution can process a high volume of data essential for month and year-end closing as well as eliminating reconciliation tasks, issues and errors. 

Before our solution:


After our solution:



Alerts

An alert management system defines errors and reports issues and exceptions as and when they occur

Tax Checks

Implementation of tax regulations checks at transaction level to ensure no corrections or adjustments are required during month-end

Monitoring and Analysis

Closing cockpit is a tool from SAP to monitor and analyse closing related tasks centrally

Intelligence

Intelligence for clearing open items optimises open item management processes for sub ledgers

Automated Interfaces

These gather external information in a reporting system which reduce reconciliation issues without manual intervention. Middleware acts as a bridge between source and reporting systems.

Automated Scheduling

Standard processes which can be done in advance such as assessment and settlement will be carried out on a weekly or daily basis

High Volume Upload

Bespoke tools provide mass upload functionality of Finance, Controlling and COPA transactions with efficient checks and controls

Monitoring

A file manager tool is employed to track files received, processed and parked from external sources

Download our Period-end closing brochure

If you are running an SAP system, Invenio can help you with the Period-end closing. Find out more by downloading our brochure and getting in touch.

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