Get to know about Group reporting and analytics in SAP S/4HANA Cloud

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SAP Group Reporting has come up with a new consolidation solution meant for SAP S/4HANA. It has been delivered as a part of 1809 release. We can expect a range of functions meant for management reporting and group accounting when we support data collection, process control, reporting, consolidation and quality control of data.

SAP would go on to indicate Group Reporting as a part of their strategic solution meant for every new-age customers. You get to manage A-Z of consolidation. The 2020 SAP S/4HANA release consists of bumper power, functionality and lets you experience top SAP consolidation features and solutions. You can expect it as a part of on-premise and cloud solution. It would be running on the financial data on the SAP S/4HANA system.

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What are the top features of Group reporting tool?

SAP Group reporting

There are plenty of features associated with Group reporting tool:

  • With the new Group Reporting tool, you can experience smoother processes extending from group closing and local activities. Both exist in the same SAP S/4HANA database. You can integrate it well with SAP Analytics Cloud while receiving the following capabilities.
  • Direct legal and management accounting access from your universal journal. You do not need data warehousing or ETL tool if you want to transfer your financial records from the transaction system to your consolidate system.
  • Any customer can perform planning and consolidation activities under a single-application with real-time knowledge with the aid of detailed perspective they receive. This would help you to hasten your closing process while providing more analysis time. This can help you make quirky business decisions.
  • Introduce Financial Statement (FS) Items when you replace the Group Chart of Accounts. Manage the overall maintenance and setup of FS items inside Group Reporting. This wouldn’t affect your Operation Chart of Accounts.
  • Get access to validations, rule-based eliminations and reports through breakdown items for group and local closing activities.
  • Drill-down reports to the entity’s line-items. Make use of all the details that would be under Universal journal. Get significant data granularity with a clear integration strategy using SAP Disclosure management.
  • If your organization doesn’t run within the SAP S/4HANA Finance system, you can load the data through SAP Group Reporting Data Collection module. With this Cloud-based Data Collection application, you can involve native integration to SAP S/4HANA Group reporting. This way, you can access data that it not present in S/4HANA to transform the data.
  • While visualizing and presenting the figures, you can add advanced forecasting and planning. The system would connect the right way to your SAP Analytics Cloud. You can get deeper insights into your business with data visualization. This can help you make the best business decisions.
  • Enable live data connections while you integrate to SAP S/4HANA Finance for group reporting. Enable business analysis at corporate or group level with no data replication.

Do you need more information on SAP Group reporting tool? iQuantM is here to offer. Get in touch with us for more details.

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