SAP S/4HANA Group Reporting is SAP’s next-generation consolidation software embedded in SAP S/4HANA Finance cloud or on-premise.
In a traditional legacy system architecture, ERP systems need to be mapped to a data warehouse, which will then be mapped again to the EPM system for financial consolidation. In SAP S/4HANA Group Reporting, there is no need for a data warehouse, where financial consolidation is being performed at the transactional layer.
SAP S/4HANA Group Reporting is an embedded module of SAP S/4HANA Finance integrating financial, managerial, and operational data into a single source. The overall integration of local close and group close assists in simplifying the financial architecture.
The foundation for this simplification is the S/4HANA Universal Journal, forming the basis of an integrated accounting system combining general ledger accounting, asset accounting, controlling and material ledger.
SAP S/4HANA Group Reporting closes the gap between local close and group close reporting processes.
In SAP S/4HANA Group Reporting, continuous accounting will fast-track time-consuming consolidation steps such as intercompany reconciliation and currency translation which traditionally needed to be delayed until the end of the fiscal period.
Data quality can be easily controlled before entity close based on the same validation rules without a repetitive correction process.
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