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.
35 results
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Video: Experience Financial Close Excellence with SAP
Join this webinar to experience highlights from the BlackLine and SAP Financial Close Excellence session at this year’s virtual InTheBlack London event.
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Case Study: Discovery Strengthens Controls for Critical Close Processes
Discovery recognized that after growing quickly in domestic and international markets, it needed to strengthen its controls and gain better confidence in its governance.
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Article: Why Leading Organizations are Moving to the Cloud
The most cost-effective way to automate resource-exhausting, manual tasks is in the cloud. Here are four more benefits that your organization can gain. Find other insightful content from BlackLine on their Vendor Showcase
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Article: Managing Financial Close Tasks: An Ideal Combination of SAP Solutions
Learn how BlackLine can be used to provide quick wins and to complement other SAP solutions by addressing close management challenges. Find other insightful content from BlackLine on their Vendor Showcase
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Working with the Data Monitor in SAP S/4HANA Finance for Group Reporting
SAP S/4HANA Finance for group reporting was designed to help businesses better consolidate data to achieve accurate reporting. Its capabilities have been credited with reducing time to close, supporting continuous accounting, and enhancing auditability and reliance on reported results. In his article, Arellius Enterprises’ Dr. Marco Sisfontes-Monge, who has supported customers implementing SAP for more…
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SAP S/4HANA Finance for Group Reporting (On-Premise)
Integrating financial consolidation tools with SAP S/4HANA source data, ensuring a smooth monthly close, and remaining agile in changing business environments remains a concern for SAP customers. To address these concerns SAP created SAP S/4HANA Finance for group reporting. Initially released in version 1809, the new and improved functionality is available in version 1909. Learn…
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Intercompany Accounting for Product Support Service and Subscription Software with SAP
By Sachin Bhutani, Sr SAP Finance BPA, KLA The popularity of software-defined networking (SDN) and network functions virtualization (NFV) has revolutionized the traditional communication network architectures and has transformed the way communication service providers (CSP) design their network infrastructure. These changes have driven network equipment industry revenue towards product support services and limited term subscription…
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The Illustrated Guide To Connecting Your Financial Close Process
As an accounting and finance professional, you may already have a vision of what an effective, technology-enabled year-end reporting process looks like. But how do you get the rest of the organization to follow your lead? The Illustrated Guide to Connecting the Financial Close Process breaks down the modernization journey into five actionable steps. Learn…
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Financials: Case study: How National Vision implemented a dynamic forecast process with SAP BusinessObjects Planning and Consolidation
Learn how National Vision is making better and well-informed business and investment decisions by modeling financial information with SAP BusinessObjects Planning and Consolidation. FIN2017_Hertling_Casestudyhownationalvision Matthew Hertling If you have comments about this article or publication, or would like to submit an article idea, please contact the editor.... Membership Required You must be a member to…
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Financials: Case study: How IDEXX Laboratories significantly improved overall SAP BusinessObjects Planning and Consolidation performance and user experience by seamlessly upgrading to version 10.1 on SAP HANA
Learn how IDEXX Laboratories ensured no impact on critical financial planning and closing activities by executing a detailed migration plan to upgrade to SAP BusinessObjects Planning and Consolidation 10.1 on SAP HANA. FIN2017_Sethia_Kurumoju_Casestudyhowidexx Prakash Sethia If you have comments about this article or publication, or would like to submit an article idea, please contact the...…
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