SAP Financial Consolidation


What is SAP Financial Consolidation?

SAP Financial Consolidation is SAP’s real-time consolidation solution integrated with S/4HANA Finance, deployed on-premise or in the cloud, and referred to as Group Report with S/4HANA. It is a crucial SAP application for consolidating financial data from multiple legal entities into a single company.

What is SAP Financial Consolidation?

SAP Financial Consolidation is SAP’s real-time consolidation solution integrated with S/4HANA Finance, deployed on-premise or in the cloud, and referred to as Group Report with S/4HANA. It is a crucial SAP application for consolidating financial data from multiple legal entities into a single company.

SAP customers can leverage a unified reporting framework for local and group currencies. The solution can help SAP customers achieve greater visibility into consolidated financial positions, optimize fiscal performance, and comply with financial reporting requirements. In addition, central management and consolidation process automation can help organizations generate insightful management reports.

Key capabilities include:

  • Provides visibility into underlying financial transactions with the ability to aggregate trial balances from multiple companies
  • Supports accounting document principles and logs for transparency into transactions and reconciliation activities
  • Process monitors to actively manage the execution of the consolidation process, identifying those processes that aren’t started, in progress, completed, or failed
  • Automatic consolidation of investments and intercompany eliminations

Key Considerations for SAPinsiders:

Confirm critical business needs driving Group Reporting for SAP S/4HANA implementation. SAP customers leveraging SAP Financial Consolidation in the core SAP ERP and considering a transition to Group Reporting for SAP S/4HANA can enhance financial consolidation capabilities empowered by technology that enables real-time access to information. A pre-packaged Group Reporting solution can help organizations streamline the consolidation process, with solution extensions by third-party vendors such as BlackLine to address specific business requirements with additional functionality.

Evaluate SAP Central Finance and Group Reporting for SAP S/4HANA as an initial roadmap for a finance-focused digital transformation. The finance team at Perrigo outlines in this case study how they arrived at this initial roadmap to successfully build the foundation for a gradual migration to SAP S/4HANA.

Prioritize financial consolidation function to facilitate more robust planning and forecasting. In this case study, Matthew Hertling of National Vision outlines how consolidation functions in core SAP ERP can enable more comprehensive planning and forecasting for finance teams.

39 results

  1. SAP S/4HANA Finance for Group Reporting image

    Working with SAP Group Reporting S/4HANA Finance 2022/2021

    Reading time: 21 mins

    Solutions like Group Reporting are long-term investments on which improvements are continuously made, unlike products that are in support mode and receive no maintenance support when they reach the end of their life cycle. In this article, you will explore the key functionalities of SAP Group Reporting and the recent new additions to it.
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    Reading time: 5 mins

    As businesses grow more complex, the need for accurate and timely financial reporting has never been greater. Unfortunately, legacy and manual methods for financial reporting often need help to keep up with the pace of business. Early findings from our Financial Close Transformation benchmark report, exploring the strategic priorities of SAP organizations across the financial…...…
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    Recent years have seen a dramatic shift in how businesses operate, particularly across finance function automation and transformation. Multiple factors are driving this shift, including the need to improve efficiency and reduce costs. In fact, most SAPinsiders view increasing the efficiency of core finance functions, such as consolidation, financial reporting, and forecasting, as a core…...…
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  5. BlackLine and Kyriba Combine to Improve Financial Close Management

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    by Ogo Nwanyanwu, Research Director, SAPinsider BlackLine partners with Kyriba to deliver greater cash visibility BlackLine Inc. and Kyriba, announced a new partnership to provide organizations with greater collaboration between Finance, Accounting, Treasury and Risk teams.  The partnership offers mutual customers of their respective solutions, the capacity to accelerate bank connectivity and enhance cash visibility…....…
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    Financial close automation can provide insight into how to navigate the current economic environment, while also providing for sustainable transformation within finance & accounting. As teams consider the virtual experience of financial closing, many are finding out that their technology investments to support their process and people are lacking and yet are critical for success.…
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    Would you like to automate your SAP reporting process and free up more time for data analysis? Are you struggling with inflexible data and time-consuming manual processes that limit your ability to make informed business decisions, fast? In this session, we will demonstrate how you can exercise control over your SAP reporting processes and significantly…
  10. What you need to know about SAP S/4HANA Cloud for advanced financial closing

    The entity close is a key milestone in every company's record to report process. Get a detailed overview of SAP’s new Cloud service for close orchestration that can help your company streamline the close for improved efficiency and compliance. Attend this session to: - See the solution in action - Learn how SAP S/4HANA Cloud…