SAP S/4 HANA for Group Reporting is SAP’s next generation consolidation and group reporting solution. It is available for all deployment scenarios (on-premise, single and multi-tenant) and is designed to incorporate the best features of prior SAP consolidation solutions. For example, SAP BPC (Business Planning & Consolidation), SAP FC (Financial Consolidation), SAP SEM-BCS (Business Consolidation System). Based on latest product releases*, a short summary is given of key features of this new consolidation and group reporting solution.
Data modelling related to SAP S/4 HANA for Group Reporting is as any other consolidation solution, based on required fields, f.e. dimensions (DIM), consolidation unit (CU) , chart of accounts (CoA) etc. The addition of additional dimensions or reporting items within this new solution is as easy as indicated in the picture to the right (no extra modelling or mapping to add additional dimensions required).
You just mark a check box and additional reporting requirements are added to your data model and become master data. This is all done real-time and without any data replication. So from a master data management perspective a major advantage compared to other CPM vendors. But then again, keep in mind that this major advantage is only available for those companies that have implemented a SAP S/4 HANA for all finance related transactions (ERP).
Data collection can be done by selecting the desired upload method; in this case reading from the Universal document.
The Universal document integration allows for local currency of consolidation unit to be populated from any currency field in Universal Journal (i.e. Functional Currency).
SAP S/4 HANA core accounting master data is real-time available (can be shared (without replication)) and can be extended with master data that is only relevant for consolidation. In other words, consolidation master data can be easily combined with accounting master data. See screenshot below.
When setting-up the validation rules (in the general information tab) you have one, clear view (see screenshot below) for all necessary parameters. For each validation rule an id is created, a name for the validation rule can be given, a tolerance can be precisely set and a control level (e.g. error, warning or information) can be set. You can also enforce a textual comment for each validation rule and it is also possible to visualize the formula that a validation rule uses for the left and right side.
Analysis for Office (AFO) is the reporting solution for the creation of consolidated reports like balance sheets, P&L or Cash Flow Statement. It will be the main facilitator for reporting packs at local and consolidated level.
SAP Analytics Cloud is the reporting solution for visualization of any consolidated or non-consolidated financial information. The use of a live data connection ensures that analysis and process steps can be facilitated by looking at real time data.
When the Digital Boardroom is also used, than management can have interactive discussions using commenting and presentation decks looking at live data at any level and granularity.
Finally we can summarize the following benefits for SAP S/4 HANA for Group Reporting:
* Latest product releases: SAP S/4HANA for Group Reporting Release 1809 (on-premise and single tenant); and SAP S/4HANA Cloud for Group Reporting Release 1905 (multi-tenant)