Symptoms
- GL accounts out of balance
- Discrepancies between sub-ledgers and GL
- Delayed month-end close
- Audit findings related to financial integrity
Root Causes
- Misunderstanding of automatic account determination (AADA)
- Incorrectly used movement types
- Lack of awareness of period locking procedures
- Untrained on specific reconciliation reports
SAP ECC FI/COBank Systems
Impact: Serious compliance risks, inaccurate financial insights, and significant time wasted in rectification, potentially leading to audit failures and regulatory penalties.
Cogent Approach: We provide detailed training for finance teams on the configuration and implications of financial postings within SAP ECC, focusing on best practices for month-end close and reconciliation.