In the documentation about S/4HANA, a lot has been made of the fact that the system enables businesses to move more towards a 'soft close' so speeding up the process of month end.
What does this mean in practice? I am thinking in particular about a lot of the CO processes (allocation cycles; production variance calculation & settlement etc) - where the apps are very much the old ECC apps rather than anything clever and new, and almost all run on an accounting period basis. Is there any way of running such tasks more frequently?
For a business that relies heavily on cost allocations to see their month end result, is the old way to get an early view on how a month is looking to repeatedly run / reverse / re-run allocations?
Is there any clever approach to this that I might be missing?