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.
36 results
-
Premium
Driving greater efficiency, visibility and control with an automated record-to-report process
Today, the Office of Finance is heavily relied upon to be an essential strategic part of the organization by providing real-time data to shape critical business decisions. However, many organizations struggle to provide these insights due to outdated processes and technology. Because of this, organizations are now focused on adopting technology to automate those tedious,… -
BlackLine and Kyriba Combine to Improve Financial Close Management
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…....… -
Premium
Optimizing the Record-to-Report Process with SAP (IAA, AFC, Group Reporting, Disclosure, Rev Rec)
Financial Planning and Analysis is one of the biggest pain points of SAP customers according to recent SAPinsider research, and is also one of the largest areas of investment that organizations are undertaking, as they realize how critical this discipline is to their overall success. Attend this interactive session to gain an understanding of how… -
Premium
Ask the Expert | Record-to-Report Workshop
SAP and partner experts will be available to take your questions on the record to report process - from a central finance approach, to the entity and group close, to financial reporting - this is your chance to get your questions answered. This content is available to Premium Members. Sign In Learn more about Premium… -
Premium
Maximizing your SAP S/4HANA investment with financial close task automation
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.… -
Premium
Exercise control and shrink SAP reporting cycles by up to 50%
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… -
Premium
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… -
Premium
SAP S/4HANA group reporting as part of a modern finance platform
SAP S/4HANA for group reporting is SAP’s strategic consolidation solution. Learn how it not only provides integration with underlying S/4HANA local accounting but also integration with intercompany, planning, analytics and disclosure. Attend this session to find out more about these integration touchpoints which establish S/4HANA for group reporting as one cornerstone within SAP’s modern finance… -
Premium
Navigating SAP solutions for record-to-report
SAP has a host of solutions that can support various parts of the record to report process from group reporting and consolidations to end-to-end close. This session will clarify how SAP’s solutions fit together for an end-to-end process, provide a roadmap, as well as illustrate how they are using third party and solution extensions to… -
Premium
Key implementation considerations for Group Reporting
SAP S/4HANA for Group Reporting is one of the key SAP solutions for consolidations and financial close. This session will help you understand where this solution may fit into your plans and offer a real-world perspective on how to evaluate and implement for optimal gain. You will: - Understand the key business requirements which need…
