Group Reporting - Financial Consolidation (1SG)

This scope item provides statutory financial consolidation capabilities for SAP S/4HANA customers.

The key features included in this release include data integration with SAP S/4HANA, avoids replication (using the main actual table as a data source), flexible upload capability to collect financial data from non-S/4HANA subsidiaries, product validations to ensure data integrity, consolidation methods to produce statutory consolidation, and key audit reports and consolidated financial statements including Profit and Loss and Balance Sheet reports.

Key Process Steps Covered

• Prepare data (Financial statement item preparation, update for group transactions types)
• Load data from SAP S/4HANA and outside sources
• Validate data with sets of built-in controls
• Consolidate data
• Perform reporting and auditing

Benefits

• Integrate fully with SAP S/4HANA
• Provide flexible upload for non-SAP S/4HANA companies
• Validate product to ensure data integrity (built-in)
• Produce statutory financial consolidation with powerful calculation engine
• View reporting using the SAP Fiori launchpad

Additional Information

• This scope item is excluded from the default activation

The customers are eligible to use this scope item for free within the threshold (50 consolidation units).

Where is Group Reporting - Financial Consolidation(1SG) being used?

This Scope item is used in the following way:

• As a support function of Advanced Accounting and Financial Close within Finance Scope Item Group

Process flow of Group Reporting - Financial Consolidation (1SG)

• Best Practices of SAP S/4HANA On Premise *1
• Best Practices of SAP S/4HANA Cloud *2
• Best Practices of SAP Analytics Cloud *2
• Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

• RISE with SAP
• SAP S/4HANA Cloud
• SAP on Azure
• Business Process Management