Starting from SAP S/4HANA 1809, the Consolidation solution is known as Group Reporting, which provides the best of both worlds because it is embedded in the SAP S/4HANA core system (hence providing a seamless alignment of Local and Group closing activities) and can also consolidate data from other systems. An added benefit is that it uses the same data model as the Universal Journal (although it has its own table – ACDOCU) by harmonizing the fields from several modules such as General Ledger Accounting, Profit Center Accounting, Fixed Assets, and so on. Also, realtime consolidation tasks can be performed in order to provide a detailed view of the business at any point in the period, which could help to accelerate the time-to-close at the end of the month. 

Join us for an insightful presentation on how a leading biotech company transformed its financial consolidation process using SAP Group Reporting. This case study will highlight the challenges faced by the organization, the strategic implementation of SAP Group Reporting, and the significant improvements achieved in financial accuracy, efficiency, and compliance. Discover how the integration of SAP Group Reporting enabled real-time data analysis, streamlined reporting workflows, and enhanced decision-making capabilities, ultimately driving the company’s growth and success in the competitive biotech industry.

You will:

• Understand Fundamental Data Model and Master Data Concepts.  
• Discover the relationship and harmonization between Universal Journal (ACDOCA) and Consolidation (ACDOCU). 
• Understand the consolidated process for SAP S/4HANA and the benefits to your business.  
• Learn how Group Reporting Can Help Streamline consolidation close. 
• Hear about the suggested Key Design Decisions to Consider when Implementing Group Reporting.