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 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.

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Maximizing your SAP S/4HANA investment with financial close task automation

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Exercise control and shrink SAP reporting cycles by up to 50%

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What you need to know about SAP S/4HANA Cloud for advanced financial closing

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SAP S/4HANA group reporting as part of a modern finance platform

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Navigating SAP solutions for record-to-report

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Key implementation considerations for Group Reporting

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Reducing Closing Time and Increasing Data Quality at KMD

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The Strategic Role of Finance In Today’s Business Landscape

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Trends and Opportunities to Modernize your Financial Close

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How KMD Reduced Closing Time by 50% with SAP S/4HANA for Group Reporting

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