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Get to know about Group reporting and analytics in SAP S/4HANA Cloud

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SAP Group Reporting has developed a new consolidation solution for SAP S/4HANA. It was delivered as a part of the 1809 release. We can expect a range of management reporting and group accounting functions when we support data collection, process control, reporting, consolidation, and quality control of data.

SAP S/4HANA system implementation would indicate Group Reporting as a part of their strategic solution meant for every new-age customer. You get to manage A-Z of consolidation.

The 2020 SAP S/4HANA release combines bumper power and functionality and lets you experience top SAP consolidation features and solutions. You can expect it as a part of on-premise and cloud solutions. It would run on the financial data on the SAP S/4HANA cloud system.

How is group reporting done in SAP S/4HANA Cloud?

In SAP S/4HANA Cloud, group reporting is done by consolidating the data of all the member companies in a group. It allows you to view and analyse the group’s financial data as a whole rather than each company separately. The system performs the consolidation process automatically, and you can create different hierarchies and groupings to suit your needs.

And all these can be done by iQuantM technologies, an SAP S/4HANA Cloud implementation partner in the UK.

How can you get the most out of SAP S/4HANA Cloud for group reporting?

The latest version of the SAP S/4HANA cloud provides a range of features to help users get the most out of group reporting. These include:

  • Improved performance and scalability, thanks to in-memory processing
  • Real-time drill-down and roll-up of data
  • Flexible, user-defined hierarchies
  • Seamless integration with SAP BW and SAP Lumira

 

It is important to understand how these features work and how to use them effectively to get the most out of group reporting in SAP S/4HANA Cloud. With the right planning and configuration, you can create powerful, interactive reports that give you fast and accurate insights into your business using an SAP S/4 HANA Cloud service partner in UK.

With SAP Analytics Cloud implementation, group reporting is easier than ever. With the right tools and support, you can have your group reporting up and running in no time for SAP S/4 HANA cloud implementation in UK, LEEDS.

SAP Group reporting

What are the top features of Group reporting tool?

There are plenty of features associated with SAP Analytics Cloud and Group reporting tool: 

  • With the new Group Reporting tool, you can experience smoother processes extending from group closing and local activities. Both exist in the same SAP S/4HANA cloud database. You can integrate it well with SAP Analytics Cloud while receiving the following capabilities. 
  • Direct legal and management accounting access from your universal journal. You do not need a data warehousing or ETL tool to transfer your financial records from the transaction system to your consolidated system. 
  • Any customer can perform planning and consolidation activities under a single application with real-time knowledge with the detailed perspective they receive. It would help to hasten your closing process while providing more analysis time. Also, it can help you make quirky business decisions. 
  • Introduce Financial Statement (FS) Items when you replace the Group Chart of Accounts. Manage the overall maintenance and setup of FS items inside Group Reporting. It wouldn’t affect your Operation Chart of Accounts. 
  • Get access to validations, rule-based eliminations, and reports through breakdown items for group and local closing activities. 
  • Drill-down reports to the entity’s line items. Make use of all the details that would be under the Universal journal. Get significant data granularity with a clear integration strategy using SAP Disclosure management. 
  • If your organization doesn’t run within the SAP S/4HANA Finance system, you can load the data through the SAP Group Reporting Data Collection module. With this Cloud-based Data Collection application, you can involve native integration to SAP S/4HANA Group reporting. This way, you can access data not present in S/4HANA to transform the data. 
  • While visualizing and presenting the figures, you can add advanced forecasting and planning. The system would connect the right way to your SAP Analytics Cloud. You can get deeper insights into your business with data visualization. It can help you make the best business decisions. 
  • Enable live data connections while integrating into SAP S/4 HANA Finance for group reporting. Enable business analysis at the corporate or group level with no data replication. 

 

Do you need more information on the SAP Group reporting tool, SAP Analytics Cloud implementation service, and SAP S/4 HANA cloud implementation?  

iQuantM SAP S/4HANA Cloud Implementation is here to offer. Get in touch with us for more details. 

 

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