Group reporting and financial consolidation in SAP S/4HANA
Take your finance to the next level with SAP S/4HANA for Group Reporting – precision, integration, and innovation in one system!
In a world where financial data must be accurate and immediately available, SAP S/4HANA for Group Reporting is becoming an indispensable tool for capital groups. This advanced solution integrates all financial data from different entities in the group, ensuring the accuracy of reports, including the rapid preparation of consolidated financial statements.
WHY GROUP REPORTING?
Imagine that you have access to key financial data of all business entities in the group, available from one place, in real-time. With SAP S/4HANA for Group Reporting, monitoring financial performance and identifying potential problems becomes quick and easy. You can make decisions based on current information, which gives you a huge advantage in the dynamic world of business. One of the biggest advantages of this solution is a universal journal that centralizes all financial data.
INTEGRATED ENVIRONMENT:
The next step towards simplifying processes is unified reporting. With SAP S/4HANA for Group Reporting, you can generate consolidated and operational reports from a single system. Imagine that you create comprehensive financial reports at the group level, and at the same time, you have detailed data on individual organizational units. It is a complete picture of the company's financial situation that enables more informed decision-making.
SAP S/4HANA for Group Reporting also offers full insight into transaction details. Master and actual data are shared across the organization, meaning you can move from consolidated financial statements to transaction-level granular data. Such transparency significantly increases the accuracy of reporting.
WHAT ARE THE BENEFITS?
Enterprises use SAP S/4HANA for Group Reporting for many reasons. Better integration and automation of consolidation processes allow for an even better connection with other systems and automation of many steps, which translates into greater operational efficiency. Modern analytical tools provide a better understanding and control of group finances, supporting more informed and strategic decision-making. In addition, the scalability of the system means that SAP S/4HANA can grow with the needs of your company, making it a long-term solution for dynamically growing organizations. Innovation support through continuous updates and system development provides access to the latest technologies and best practices, maintaining competitiveness in the market.
The move to SAP S/4HANA for Group Reporting is a strategic decision that provides the company with a competitive advantage through better financial control, compliance, and advanced data analysis capabilities. For customers using SAP S/4HANA in any deployment option or planning to do so, SAP S/4HANA for Group Reporting is the ideal solution. SAP S/4HANA for Group Reporting will significantly reduce the time, costs, and effort involved in preparing and reconciling them. Access to the consolidated financial statements will be possible almost immediately.
SI-Consulting has both knowledge and experience that can translate into the business success of its clients. We can deliver and implement a consolidation solution in a few months and at a reasonable price, which will soon create a return on investment.
SAP S/4HANA for Group Reporting is an advanced tool for financial consolidation and group reporting, integrating financial data from various business units in a capital group. The result of the configured solution may be, among others, consolidated financial statements taking into account financial flows within the companies in the group, facilitating reporting following existing regulations.
Key features:
- Real-time data access
- It enables ongoing monitoring of the financial results of companies and the entire group.
- It makes it easier to make quick decisions based on up-to-date information.
- Universal diary:
- A central source of financial data, ensuring consistency and accuracy of information.
- Helps avoid discrepancies and errors resulting from maintaining multiple ledgers.
- Unified reporting:
- Generating both consolidated and operational reports from one system.
- It provides a comprehensive overview of the financial situation at the level of the group and organizational units.
- Common master and actual data:
- Transparency and accuracy by sharing master and real data across the organization.
- It enables detailed insights from consolidated financial statements to individual transactions.
- One integrated environment:
- Managing all financial processes in one system.
- Eliminates the need for different tools, simplifies data and process management, and increases operational efficiency.
Benefits:
- Better integration and automation:
- Better integration with other systems and automated consolidation processes increase operational efficiency.
- Scalability:
- SAP S/4HANA can grow with the needs of the company, making it a long-term solution for dynamically growing organizations.
- Innovation support:
- Continuous updates provide access to the latest technologies and practices, keeping you competitive in the market.
Compliance:
- It can be used regardless of the deployment option (cloud or on-premise).
- Compliant with legacy SAP consolidation solutions such as SAP BPC, SAP Financial Consolidation, SEM BCS, and EC CS, as part of standard maintenance.
The move to SAP S/4HANA for Group Reporting brings better integration, advanced analytics, scalability, and continuous innovation, making it a robust solution for financial consolidation and reporting needs.
