Key Advantages of SAP S/4HANA Group Reporting:
- Data Integration: Due to the seamless integration between the consolidation system and the general ledger, no ETL layer is required. The integration between S/4HANA Finance and Group Reporting can be managed by the consolidation team without requiring technical support.
- Transparency: No technical knowledge is needed to set up this functionality. This allows accountants or consolidation team members to have a better understanding of the amounts submitted from S/4HANA Finance.
- Real-Time: As the tool is integrated into S/4HANA, ledger data is immediately consolidated, leading to a faster accounting close at the group level.
Integration of Group Reporting with S/4HANA:
The integration setup between S/4HANA and Group Reporting includes two key components: the Map FS Items with G/L Accounts application, used for mapping G/L accounts to Financial Statement Items. Financial Statement Items (FS items) are the accounts treated as the group chart of accounts in Group Reporting.
Usage:
SAP Group Reporting Data Collection helps gather financial data from business units. This app is provided by the SAP Business Technology Platform and relies on data such as master data and allowed breakdowns from group reporting within SAP S/4HANA.
Prerequisites:
There are no specific prerequisites to learn SAP S/4HANA Group Reporting. However, individuals with an accounting background will find it easier to understand the concepts. If you do not have an accounting background, you may need to review the topic multiple times to fully grasp it.
Industries Where SAP S/4HANA Group Reporting is Growing:
- Computer Science
- Financial Services Retail
- Information Technology and Services
- Marketing and Advertising
Reviews
There are no reviews yet.