Working with the Data Monitor in SAP S/4HANA Finance for Group Reporting

SAP S/4HANA Finance for group reporting was designed to help businesses better consolidate data to achieve accurate reporting. Its capabilities have been credited with reducing time to close, supporting continuous accounting, and enhancing auditability and reliance on reported results. In his article, Arellius Enterprises’ Dr. Marco Sisfontes-Monge, who has supported customers implementing SAP for more than 15 years, drills into the solution to provide a how-to guide for utilizing its Data Monitor functionality. He will explain how the functionality can assist in data collection and preparation, transferring data from ACDOCA to ACDOC U, currency translation, rounding, CTA calculations, journal entries, and validity checks before the consolidation process begins.

After reading this article you will be able to:
- Understand the tasks that can be completed using the Data Monitor functionality
- List the roles that an administrator will need to work with SAP S/4HANA Finance for group reporting and access the SAP Fiori tiles associated with the solution
- Define the configuration setups and security requirements needed to ensure the correct number of menus are available to the user when working in the SAP Fiori environment.

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MEET THE AUTHORS

Dr. Marco Sisfontes-Monge Managing Partner, Arellius Enterprises
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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 msisfontes@arelliusenterprises.com.