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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

 

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