I have talked in detail about month end closing in SAP and also about fiscal year closing. Schedule managed is a product by SAP which helps companies streamline their period end closing processes. In days when the SAP schedule manager was not available, documentation and procedure for period end closing would normally be available in lists outside of SAP R/3 system. Access and reconcilation of the entire process was cumbersome and difficult. With the new SAP schedule manager, the period end closing process can be made more streamlined. Some of the benefits of using SAP Schedule Manager are as follows.

1. The documentation and flow for period end closing are centrally integrated into the SAP R/3 system.

2. Access to such documentation and flow procedure is available through
authorizations to users. Once users are given authorizations, they can be part of the closing process and perform their duties.

3. The system with the help of schedule manager automatically helps in
executing settlement of the closing process. This is done with the help of task lists in schedule manager.

4. Any changes made to the closing process can be seen immediately. Changes can be tracked using the monitor and worklist monitor.

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