Consolidation with SAP S/4HANA Finance for Group Reporting
Group Reporting is the latest innovation by SAP in S/4HANA space with 1809 release. In this blog we will see how other existing SAP consolidation products will be placed in future so that organizations are clear on their transformation strategy.
We are all aware of the below consolidation products by SAP. It is important to know the end date of their support as well.
- Enterprise Controlling Consolidation System (EC-CS) was part of SAP R/3. It offers real-time integration with the general ledger, which can be activated at the consolidation unit level by selecting the Realtime update from FI data transfer. The end of maintenance of EC-CS is planned as December 31, 2025
- Strategic Enterprise Management’s Business Consolidation (SAP SEM-BCS). It is based on the SAP Business Warehouse (SAP BW) platform. The end of maintenance of EC-CS is planned as December 31, 2025
- SAP Financial Consolidation – SAP Financial Consolidation, formerly known as SAP BusinessObjects Financial Consolidation. It supports both legal as well as managerial consolidations and can also be used for the planning and consolidation. The end of maintenance of EC-CS is planned as December 31, 2024
- SAP Business Planning and Consolidation – Most of the customers use this presently. It is available in several versions, including SAP BPC for SAP S/4HANA. It will be supported as long as the SAP S/4HANA on-premise version to which its tagged but no major developments are expected.
The New SAP S/4HANA Finance for Group Reporting
The new SAP S/4HANA Finance for group reporting comes with the best of all the past options. The functional and process scope covers data collection, eliminations, currency translations, and
Reporting (legal & management). Group reporting is embedded in the SAP S/4HANA core environment. Group reporting combines two areas which were isolated in traditional consolidation solutions: legal entity closing and corporate closing. With the new product features, both local and group closing processes are executed in the same unified environment.
I will discuss the functionalities of Group Reporting in next blog as this blog is to focus on the product roadmap.