Introduction The typical financial consolidation process is slow, manual, and error-prone. It does not allow for frequent or ad hoc reporting, and it certainly does not support the close and the types of reports that are common with large multinational enterprises. SAP S/4HANA Group Reporting is designed for such enterprises.
What is SAP S/4HANA Group Reporting?
An all-in-one financial consolidation and reporting solution, SAP S/4HANA Group Reporting integrates financial data across several entities in real time.
Key Features of SAP S/4HANA Group Reporting
- Immediate Financial Aggregation – Removes batch processing lag.
- Ensuring regulatory compliance with automation of IFRS & GAAP.
- Data integration occurs without seams. It is possible due to several integrations with SAP S/4HANA, SAP BW, and external systems.
Why Businesses Need S/4HANA Group Reporting
- Challenge 1: Time-consuming manual consolidation.
- Challenge 2: Data inconsistencies across multiple business units are a challenge.
SAP S/4HANA Group Reporting can reduce errors and the time it takes to do financial consolidation, which means it can help automate the process.
How to Implement S/4HANA Group Reporting?
- Step 1: Reporting and consolidation prerequisites must first be defined.
- Step 2: Transition current data and consolidate financial organizations.
- Step 3: Set up automation rules for the financial close process.
Why Choose SSR Fintech for SAP S/4HANA Group Reporting?
SSR Fintech guarantees smooth financial consolidation and quicker closing cycles for enterprises. We have more than 47 successful SAP projects under our belt.
