SAP Closing Cockpit in mySAP ERP Automates Fast Close

  • by Gary Fullmer, Solution Architect, MI6 Solutions
  • February 15, 2007
Learn about SAP Closing Cockpit and its two central features, a template and a task list. See how it can help you perform a fast close.
Key Concept

SAP Closing Cockpit provides the ability to monitor and control the closing cycle across your corporate structure. To understand how to use SAP Closing Cockpit, you need to understand its basic structure and configuration steps. Closing Cockpit consists of a template and a task list. The template comprises the closing schedule steps, including the sequence and timing of each step. The task list is a copy of the template tied to an actual date of execution.

With mySAP ERP Central Component (ECC) 5.0 and 6.0, SAP provides a set of seven tools that you can link and schedule together to speed up all types of closing cycles — monthly, quarterly, and year end. I’ll briefly describe each tool and provide a bit more in-depth description of the least-well-known and most under-used of these tools — SAP Closing Cockpit. For a summary of the other six tools, see the sidebar, “mySAP ERP Fast Close Tools." Closing Cockpit is divided into two basic parts: a template and a task list. I’ll discuss the template in the next section.

Gary Fullmer

Gary Fullmer is currently associated with MI6 Solutions as a solution architect. Prior to MI6 Gary recently worked for SAP Labs for 13+ years. While at SAP Labs, he spent his first four years as a CO instructor developing and delivering all CO courses offered in the SAP course catalog. For the next six years, he assumed the role of a FI/CO solution manager, where he focused on interfacing with customers for CO, SEM, and FI solutions. During the remainder of his time with SAP, he worked on SAP General Ledger migration techniques, the SAP IFRS adoption model, and SAP’s enhanced financial closing, and continues to consult on these topics. His educational background includes an MBA from Rensselaer Polytechnic Institute, an MS from Utah State University, and a BS from Utah State University.

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