Solution for the preparation of consolidated financial statements, seamlessly integrated into S/4 HANA.
SAP S/4HANA Group Reporting
What is SAP S/4HANA Group Reporting?
Real-time insights, automation, and compliance with accounting standards.
SAP S/4HANA Group Reporting is an advanced financial consolidation and reporting solution within the SAP S/4HANA suite, streamlining the process of aggregating and analyzing financial data from multiple subsidiaries to produce accurate group-level financial statements. It offers real-time insights, automation, and compliance with accounting standards.
SAP Group Reporting seamlessly integrates with SAP S4HANA, SAP Analytics Clouds and other systems seamlessly:
What are the Key Challenges Solved by Group Reporting?
- Iterations take a lot of time: Iterations in preparations of consolidated financials consume a lot of time.
- Lack of Audit Trail: Excel-based financials do not provide audit trails and traceability of consolidated numbers.
- Lack of Standardization: Without a system in place, crucial calculations such as currency conversions, goodwill, and NCI may not be standardized.
- Integrity of Consolidated Financials: With all the manual processes such as currency conversion, intercompany eliminations, and elimination of equity- investments the reliability of consolidated financials is lower.
- Lack of Authorization and Access Controls: The sensitive financial information contained in excel sheets/Emails is vulnerable to unauthorized access.
- Difficulty in Collaboration: Without work-flow, versioning, comments, and notifications, collaboration amongst all stakeholders is a challenge.
What does SAP S/4HANA Group Reporting do?
SAP Group Reporting has all the featured and functionality required to have an end-to-end consolidation process.
A typical consolidation process which can be set up in SAP Group Reporting is as follows:
- Collation of data from S/4HANA and other ERPs
- Flat File Upload
- Posting of Standardized Journal Entries
- Controls and Validations
- Currency Translation
- Elimination of intercompany transactions and balances
- Calculation of Goodwill, NCI and other consolidation adjustments
- Posting of Group Level Adjustments
S4HANA Group Reporting Covers End-to-End Process of consolidation
What are the Benefits of SAP S/4HANA Group Reporting?
- System Driven Collaboration
- Seamless Integration with source ERP makes iterations easy
- Clear Audit Trail for all the changes to data
- Standardized consolidation Process
- Higher Data Integrity and reliability
- Validations (Checks & Balances) can be built-in
- Substantial reduction in Consolidation Time
Looking for software solutions for the office of CFO?
We have executed various successful projects across geographies and industries…