Streamlined, better-controlled period-end close for customers using SAP® solutions.

The mySAP™ ERP application from SAP AG already provides support for your fast close, through its general ledger (GL) structure, report scheduling and consolidation tools. Now CODA – in support of SAP® solutions – has taken this further, producing a software solution that manages the processes that take place outside of the GL itself.

Fast Close by CODA helps control, speed up and even automate processes that are currently manual or involve input from people or other systems in your finance department, beyond finance or even from outside organizations. It offers SAP customers a streamlined, better-controlled period close, helping to make your financial period-end processes more visible, repeatable, controlled and auditable.

Fast Close is tested and compatible with the SAP NetWeaver® Portal and certified for integration with core SAP applications and other applications compliant with the SAP NetWeaver platform. It can be up and running as part of your SAP solution-based environment in just a few days.

The month-end close can be time consuming and demanding for any finance team, including those using powerful SAP® applications. Thanks to CODA’s experience and unique insight into the finance function, combined with new technologies from Microsoft, we can now offer a solution that will make a real difference.

Unlike other month-end products, Fast Close by CODA addresses a vital and overriding aspect of period close – that it is a complex process: of collaboration between individual people; of chasing, collecting and confirming; of hassling and haggling; and of retyping and reformatting. Unless these issues are recognized and solved, then closing the books will remain a resource-hungry drain on your finance function.

Fast Close integrates with the SAP NetWeaver® Portal and harnesses proven and familiar Microsoft® technology (including Outlook®, InfoPath® and, where required, SharePoint®) to:

• deliver efficient collaboration between all stakeholders and participants in period end
• streamline, automate and integrate period-end processes
• bridge the gaps between insular systems and inaccessible data across the organization.

By speeding up the completion of repetitive and manual tasks, the finance function itself benefits, freeing up staff to do other things with their time. It also provides the business with faster access to information to help in decision making.

All in all, it’s exactly what you need to ensure the finance department can spend less time adding up your bottom line and more time adding to it.

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CODA – helping you “Take Control”

Fast Close, for use in the SAP NetWeaver® Portal, has been developed from our award-winning Manager process control software. This is part of a suite of “Control” solutions from CODA that you can use either in response to specific legislation or just for better internal control, risk management and cost efficiency across commercial or public sector organizations. Please click on the links opposite for further information or if you would like to discuss your requirements in more detail or be kept informed of future developments and events for this product, please send us your details.