SAP FICO: SAP RUN BOOK : One solution for all period end closing activities

Most of the SAP Consultant not aware of the RUNBOOK in SAP R/3.

Runbook is a third party tool, which is used to perform Period End Closing in SAP R/3.

Runbook is a flexible Period End Closing tool for financial close and reconciliation in SAP.

Runbook is developed especially to coordinate, execute and monitor financial closing processes in SAP using Excel interface technology.

This PeriodEnd Closing module is a component of the Runbook (SAP certified integration product).

RUN BOOK FINANCIAL CLOSE KEY BENEFITS:

Closing support for all levels involved in the closing process, from the finance department employees to the CFO;
Runbook drives the closing process by integrating all tasks and dependencies in daily routines;
Integrated Digital Audit Trail, for efficient and centrally archived document storage;
Closing activities fully controlled and managed by the financial department;
Freely definable closing areas: by company code, geographical area, etc...;
Efficiency improvement, critical path analysis and fast close integration;
Fast implementation, normally an average implementation takes 2-3 months;
No SAP customizing is needed;
User friendly Excel interface for maintenance and graphical reporting;
No additional batchjob scheduling tool needed. So no additional investment needed;
100% integrated in SAP, with SAP look and feel and the familiar screens for operators.
Flexibility of running Scenarios or Transactions in sequential order. We can load closing processes from Excel.

RUN BOOK INTERNAL CONTROL KEY BENEFITS

Runbook minimizes financial risks by integrating the IC-framework in daily routines;

Runbook generates an automated audit trail and delivers real time management information;

Execution of controls via personal checklists and execution reminders by email;

Start to finish guidance for operators and process owners throughout the whole internal control cycle;

Supporting the definition, execution, monitoring and remediation of Internal Controls;

Runbook enables secure remote auditing by internal and external auditors;

Runbook is fully controlled by the finance department; they manage, maintain and mature the internal control cycle;

Runbook contributes to efficiency and transparency in your Finance Close & Control processes.

RUN BOOK COMPLIANCE DOCUMENTATION KEY BENEFITS

A complete digital audit trail during the execution of your Financial Close processes;
Easy accessible account specifications;
Archiving of all relevant documents like SAP reports, Excel and Word documents;
Archive browser functionality for remote auditing;
One digital bin for audit documents and auditor comments;
Documents can be retrieved and commented upon to facilitate an efficient audit process;
Significantly reduces the yearly audit costs.

SAP FICO