Introducing SAP S/4HANA Cloud for Advanced Financial Closing (AFC)

  • 1h 39m
  • Howard A. La Kier, Marc Six, Maximilian Köbler, Shiv Prabakar
  • Rheinwerk Publishing Inc.
  • 2022

Move over SAP Financial Closing cockpit—SAP S/4HANA Cloud for advanced financial closing (AFC) is here! Whether you’re working with on-premise SAP S/4HANA or SAP S/4HANA Cloud, see how this new solution helps you close your books. Take a first look at designing and running your financial closing processes. Then explore built-in reporting options, preview the implementation process, and take a quick look at the future of AFC. Smoother entity close awaits!

  • Discover the new closing hub for cloud and on-premise SAP S/4HANA
  • Walk through entity close: design, execution, and reporting
  • Review your closing process with reports and dashboards

About the Author

Maximilian Köbler is the global solution owner for SAP S/4HANA Cloud for advanced financial closing at SAP with a broad background in the area of financial and cost accounting processes. He is responsible for the go-to-market in this area for SAP, is a product evangelist for financial closing solutions, and is highly involved in key innovation topics. Maximilian has worked for SAP since 2013 and implemented SAP ERP, SAP S/4HANA, and SAP S/4HANA Cloud as a finance solution architect in multinational projects across different industries. His first book on SAP S/4HANA Cloud, addressing all aspects of cloud ERP, was released in 2019.

Howard A. La Kier assists clients in their digital transformations with SAP S/4HANA as the financial transformation go-to-market leader at TruQua, an IBM company. Howard has more than 25 years of experience focusing on financial and upstream processes and the technologies that enable them. He has worked with some of IBM’s largest clients and implementation projects globally, including as a program manager, global integration lead, and global budget to report lead with SAP products such as SAP R/3, SAP ERP, SAP S/4HANA, Central Finance, SAP S/4HANA Cloud, SAP Concur, the Schedule Manager, and SAP S/4HANA Cloud for advanced financial closing.

Shiv Prabakar is a senior managing consultant at IBM with more than 15 years of SAP finance consulting experience. Shiv has led SAP implementations across multiple industries ranging from life sciences and retail to telecommunications, and has deep knowledge of SAP best practices. He has led the implementation of new technologies, such as SAP S/4HANA Cloud for advanced financial closing and SAP Ariba.

Marc Six is an associate partner and the SAP S/4HANA and Central Finance practice lead at TruQua, an IBM company. He is the co-author ofCentral Finance and S/4HANA(SAP PRESS 2020) and a presenter at conferences and programs dedicated to SAP, SAP S/4HANA, and finance topics. Marc started his SAP career in the SAP MaxAttention Center of Excellence working with SAP's top clients and SAP development teams in some of the earliest adoption projects of SAP Simple Finance, Central Finance, and ultimately SAP S/4HANA. Marc also has experience as a senior consultant in the enterprise solutions SAP practice at KPMG, focusing on finance transformations; his experience spans from process optimization and design to implementation strategy and delivery.

In this Book

  • Advanced Financial Closing Basics
  • Design Your Financial Close
  • Run Your Financial Close
  • Dashboards and Reporting
  • Initiating Your Financial Closing Project
  • Future Innovations
  • What’s Next?