Financial closing consulting & services

We are your overall consulting service provider for your financial closing, based on +10 years of experience

We enable you to save time, decrease your risks, standardize and automate processes and track successes by KPIs. We empower you to fully automate your financial closing directly within SAP. Our ambition is to drive your project of financial closing implementation to success!

Our portfolio With Smart Close consulting, we strive to provide professional services for organizing and automating your closing processes. Smart Close combines all the steps before, during and after closing, connects the different groups of users, stores IC controls and is absolutely transparent.

Business Administration

All closing tasks in a single tool to facilitate harmonization
Master closing process (steps and sequence) for all companies
One communication platform for all parties involved

Fast delivery on time and high efficiency

Automated tasks reduce processing time and manual effort
Parallel processing of independent tasks speeds up closing
Event-driven processing avoids “waiting time”
Predefined exceptions save time and enable fast resolution
Less routine work through automation, allowing more time to resolve issues

Real-time transparency

Status of processes and issues can be monitored at accountability level in real time
Enables benchmarking within hub
Activity split (responsibilities) clearly defined in the system
Visibility of approval and clarification process

Precise and accurate data

Avoiding human handling errors through automation
Predefined closing tasks in a logical sequence
Controlling/reconciliation possible in a (semi-) automated way

Automatic documentation and audit trail

All documents created and stored automatically next to the respective task
Required documentation available automatically
Reports and evidence available quickly and easily
Tracking of business-related communication

Continuous improvement

Continuous improvement enabled through transparency and reports
Step-by-step fine-tuning of closing scenarios and automated tasks
Degree of automation can be raised over time
Improvements achieved for one Entity can be transferred easily to others

What makes us special

10 years of experience

We drive implementation projects in all regions of the Siemens world and have implemented Smart Close in 47 SAP systems for more than 400 companies over the last 10 years.

High-quality processes

We have reached an average automation rate of more than 75% and continuously drive increased process automation with further special key performance indicators.

Broad technical coverage

We have in-depth experience in a diverse system landscape and are therefore fully prepared to support you in all kind of possible setups. We able to work both in the classical ERP systems and in the latest SAP HANA environment.

Seamless adaptability to organizational structure

We have established processes to work in complicated organizational structures. This includes activity splits for different parts of the closing process and distributed work splits across different countries and continents as well as the related split of accountability.

Transparent information sharing in expert teams

We trained expert teams worldwide and started the local implementation project with them, handing over the further rollout with us as second-level support in the background. These people are the backbone of our worldwide community for collaboration and best practice sharing.

Closely connected to development

We are acting as a key development partner for different functionalities for the solution owner BlackLine.

Closing Consulting. worldwide community - map

Our unique information-sharing structure

Our community consists of more than 50 experienced worldwide users who actively and regularly exchange best practices.
Our Wiki pages are dedicated fully to the Smart Close topics and are constantly growing based on the swarm know-how of our community.
Our training modules are available for all users involved (from end users to the advanced automation level).

Our success in numbers

years of experience

clients worldwide

1 %

Average automation rate

Related services

Record-to-Report Services

We provide a variety of competitive, innovative and reliable Record-to-Report services from maintaining financial records to financial closing and reporting.

Why Siemens Global Business Services?

Siemens Global Business Services (GBS) designs, innovates, and efficiently operates business services for Siemens AG units worldwide as well as external customers. Its portfolio comprises transactional and expertise-driven services – with a strong focus on digitalization in areas like business administration, human resources, supply chain management, sales, marketing, and engineering.

Siemens GBS serves its clients globally out of eleven major delivery locations with about 10,000 employees. Siemens GBS headquarters are based in Munich, Germany.

Find out more

Please let us know what you need! Learn about the possibilities we can offer you to operate with maximum flexibility focusing on your core business through your entire value chain.