Integrating financial consolidation tools with SAP S/4HANA source data, ensuring a smooth monthly close, and remaining agile in changing business environments remains a concern for SAP customers. To address these concerns SAP created SAP S/4HANA Finance for group reporting. Initially released in version 1809, the new and improved functionality is available in version 1909. Learn how to utilize this next generation software for financial consolidation, which provides an option to close on-premise or in the cloud.
After reading this article you will be able to:
- List the functionality in the newest version of SAP S/4HANA Finance for group reporting;
- Explain how SAP S/4HANA Finance integrates with SAP Analytics Cloud and how the integration relates to reporting and management of master and transaction data;
- Understand the updates made to SAP S/4HANA Finance for group reporting in SAP S/4HANA 1809 to SAP S/4HANA 1909; and
- Apply updates and new functionality in SAP S/4HANA Finance for group reporting to achieve better financial consolidation.
MEET THE AUTHORS
Dr. Marco Sisfontes-Monge is a managing partner of Arellius Enterprises. For more than 15 years he has supported SAP implementers, direct clients, and other customers in Europe, North America, Latin America, Asia, and Africa in the industries of automotive, insurance, pharmaceutical and healthcare, logistics, software, utilities, chemical, oil and gas, exploration and natural resources, discrete and process manufacturing, retail, and financial services. His background includes project management and performance measurement, product- and activity-based costing, design optimization, discrete and process simulation, system dynamics, artificial intelligence and machine learning, and advanced statistical methods. He also has finance specializations from the London Business School and Saïd Business School from University of Oxford in England. You may contact him via email at email@example.com.