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SAP Consolidation Directly in the ERP System With SAP S/4HANA for Group Reporting

Real Time Consolidated Financial Reporting

Using SAP Consolidation to prepare a concern’s consolidated financial statements is generally a long and protracted undertaking. For each reporting date, the relevant data must first be extracted from the individual vouchers on the various upstream ERP systems, harmonized and then exported to a separate consolidation tool for reconciliation. This is not only time-consuming, but data quality diminishes and has to be restored in lengthy reconciliation loops. Moreover, companies lack the necessary agility to create e.g. reports with management-relevant, group-wide consolidated financial data at short notice.

The SAP S/4HANA for Group Reporting solution revolutionizes SAP Consolidation by enabling consolidated financial statements to be prepared directly in the operational ERP system, thereby making system breaks a thing of the past. Moreover, direct access to all relevant voucher data now means that, for the first time, consolidated financial statements can be prepared in a single system in real time. Companies are also able to establish a centralized financial system with a uniform data model as a single point of truth, thus eliminating the need for redundant data storage and significantly reducing the overheads associated with maintaining the master data.

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Consolidation with SAP

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Image of Sebastian Rübbelke, Manager & Consultant at LINKIT Consulting

Sebastian Rübbelke

SAP S/4HANA Expert
valantic ERP Consulting