The SAP Closing Cockpit is not a process, rather it's an application that enables businesses to create a set of structured interfaces for the successful execution of a list of transactions or programs that are part of the periodic closing process (monthly or yearly). The designed structure works within the existing organizational structure like company code/s and also with the scenarios affecting multiple organizational structures.
This is what it looks like with SAP ECC:
With the introduction of SAP S/4HANA, the Closing Cockpit was redesigned:
This is how it looks in SAP S/4HANA:
The update was easy for existing ...