I use SAP Financial Closing Cockpit to control and track monthly, quarterly, and yearly financial close tasks, which helps in standardizing our workflow. I appreciate the reduction in manual close tracking it offers and how it solves the problem of missing deadlines while enhancing visibility. I really like its centralized visibility on the whole close process, allowing us to monitor close visibility across all processes. It's quick in tracing and identifying where problems lie. I love its ability to enhance consistency across periods, ensuring the same controlled process throughout. The integration with SAP FI ensures a seamless workflow, and the initial setup was easy because we had support. Review collected by and hosted on G2.com.

I think the usability might be a bit harsh to new users, simplifying the user interface could help. Review collected by and hosted on G2.com.

I really like having a clear view via the dashboard created by SAP, which allows me to not look at a list of open questions but directly see differences. At one glance, I can see which client has not paid and who has paid but with a delay. This feature helps me contact clients and follow up on payment issues directly. Review collected by and hosted on G2.com.

I am not using all the characteristics so the one I am using are working correctly Review collected by and hosted on G2.com.

I like using SAP Advanced Financial Closing for job automation, task tracking, and dashboards. It helps us close timely, reducing our close timeline through these automations and uses AI to help remediate issues. It's easy to follow both subledger and general ledger, allowing us to implement controls effectively. Review collected by and hosted on G2.com.

I think there could be improvements and advancements in the AI task error resolution to be more intelligent, as it's still rule-based and requires manual input. Review collected by and hosted on G2.com.

I like the automation part, more efficient and accurate. Save lots of time to repeatedly review the reports and close the book, also it is a good helper for financial statement preparation. Review collected by and hosted on G2.com.

Setting it up and configuring it is a bit complicated, and for end users, it took longer than expected to get used to it. At the beginning, the entire accounting team did not use it positively. Review collected by and hosted on G2.com.

I like the process flow of SAP Advanced Financial Closing. I also value the VIM feature because it allows invoice uploads with transaction details. Review collected by and hosted on G2.com.

It's not very user-friendly, I have used other software that is more user-friendly such as Oracle and Xero. As mentioned earlier, the user interface needs an upgrade. Review collected by and hosted on G2.com.

Pulling information and setting up your own variants makes reporting much more efficient. I also like that you can customize variants for all team members and different customer setups. Review collected by and hosted on G2.com.

Creating better templates could be more automated and would simplify the initial setup. Pulling information could also be faster, and the available fields could be more helpful and easier to work with. Review collected by and hosted on G2.com.

I love everything about SAP Advanced Financial Closing because it makes jobs easier and faster. I particularly value the Service Purchase Order and Goods Receipted features, which are important for closing off payments. Review collected by and hosted on G2.com.

Transferring of items using the system is challenging due to limited access. Review collected by and hosted on G2.com.

A real-time dashboard showing exactly where the closing stands globally.

Also we can see who is responsible for what, preventing the classic "I thought you were doing that" email chain. Review collected by and hosted on G2.com.

it runs on SAP Business Technology Platform, you need the right cloud connectors and sub-accounts configured. If your IT team isn't comfortable with BTP, the "simple" setup can become a headache. Review collected by and hosted on G2.com.

It streamlines and automates the financial close, reduces manual errors, and improves visibility across tasks. This helps teams stay organised, meet deadlines more easily, and makes the entire month-end process faster and less stressful. Review collected by and hosted on G2.com.

Limited flexibility for custom workflows, can feel complex to set up, and integration with some systems isn’t always smooth. The interface can be unintuitive, and troubleshooting issues can take time without strong support. Review collected by and hosted on G2.com.

I use SAP Advanced Financial Closing to automate the job I am scheduling, which helps me in reducing human error and the dependency of management. I like that there's no more babysitting of the system, and I don't waste my time checking. It's my best option. Review collected by and hosted on G2.com.

I would say it is not user-friendly and not easy to implement. The initial setup wasn't easy, it is a little bit complicated. Review collected by and hosted on G2.com.