We in SAP Product Engineering are happy to announce the general availability of SAP S/4HANA Finance for group reporting 2022, on October 12, 2022. The latest version of our on-premise software includes new and enhanced capabilities to help you run your financial consolidation and close activities.
Release 2022 delivers on the following major new features:
- Tighter integration of accounting with group reporting via the introduction of new group reporting preparation ledgers at accounting level, with real-time aggregated group view into accounting
- Restatements and simulations capabilities, leveraging and enhancing the extension version capability, to help you run these critical activities of your consolidation process
- Segment reporting through flexible derivation of the consolidation unit in group reporting preparation ledgers, helping you manage the data collection process at segment level, define consolidation groups for segments, split up data from one company to several consolidation units so that you can perform the consolidation of segments, profit centers, functional areas or a combination of these
- Enhanced reclassification for equity method, with a new option called “Remove Predefined Filters” to automate the consolidation adjustments for a unit consolidated with equity method
- Integrate planning data from SAP Analytics Cloud with group reporting consolidation, with the ability to perform entity planning as well as corporate planning based on built-in integration on planning functions and analytics reporting
- Improved data feed with SAP Group Reporting Data Collection (GRDC) data mapping app including ECC as a source to populate the consolidation table, test run capabilities and enhanced segregation of duties
- Better collection of text comments, and introduction of visual controls / conditional formatting in SAP Group Reporting Data Collection (GRDC) forms
- Enhanced "Manage Substitution/Validation Rules – Group Journal Entries app", with the ability to use time and version-dependent financial statement item attributes as a pre-condition value for your substitution and validation rules
- Increased flexibility in the consolidation process with consolidation unit extensibility, enabling you to create custom attributes on your units
SAP S/4HANA Finance for group reporting 2022 inherits from the 2111, 2202 and 2208 cloud releases, and includes the following innovations:
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2022 on premise features inherited from the 2111 cloud release
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Check out the new/enhanced features inherited from 2111 cloud release:
- Increased flexibility in the consolidation process with consolidation unit extensibility
- Enhanced core consolidation rules including more flexibility in source and destination rules
- Improved “Import Consolidation Master Data” app with check and import all feature
- Use time and version-dependent as well as additional fields in the “Define Selections” app
- Reinforced guidance and controls in the additional master data fields configuration
- Enhanced movement flow management: assign a default subitem to a subitem category
- Reinforced audit capabilities with new traceability log in the GRDC “Data Mapping” app
- Enabling visual controls in the GRDC “Forms” app with conditional formatting (GIF below)
- Improved collection of text comments in the GRDC “Forms” app
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2022 on premise features inherited from the 2202 cloud release
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Check out the new/enhanced features inherited from 2202 cloud release:
- Tighter accounting-integration via group reporting preparation ledgers (screenshot below)
- Enhanced reclassification for equity method
- Time and Version dependent financial statement item attributes in substitutions and validations
- Data Mapping: “copy” function with data transformation capabilities for reported data
- Forms: use of existing forms as shortcuts in different folders and packages
- New pre-delivered totals validation / control rules
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2022 on premise features inherited from the 2208 cloud release
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Check out the new/enhanced features inherited from 2208 cloud release:
- Restatements and simulations: transparent changes on past closings (illustration below)
- Segment reporting through flexible derivation of the consolidation unit in group reporting preparation ledgers
- Ability to integrate planning data from SAP Analytics Cloud with group reporting consolidation
- Connectivity of SAP Analysis for Microsoft Office with SAP S/4HANA Cloud for group reporting
- New GRDC Forms features including ad hoc items and new C/I predefined forms
- New GRDC Data Mapping features including new import options, support of ECC as a data source, test run, and segregation of rights
- Local currency change during balance carry-forward
- Support additional and customer fields in source and destination of consolidation rules / reclassifications for increased flexibility
- Other key consolidation rules / reclassifications enhancements including rounding warnings at currency translation and equity pickup BAdI
- Increased flexibility with new consolidation unit selection attributes
- CRUD (create, read, update, and delete) APIs for group reporting master data
- Post and simulate journal entries using a synchronous inbound service
- Data warehouse extraction for group reporting
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More information
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For more information on SAP S/4HANA Finance for group reporting release 2022, you can refer to the following:
- SAP S/4HANA Finance for group reporting 2022 feature deck
- SAP S/4HANA Finance for group reporting 2022 documentation on SAP Help Portal
- S/4HANA Finance update for 2022
- SAP S/4HANA for group reporting Release Blogs
- SAP S/4HANA for group reporting Road Map Explorer
- SAP S/4HANA for group reporting Product Strategy
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