Introduction of Group Reporting in SAP S/4HANA Finance 1909

S/4HANA Finance for group reporting is the on-premise version of next-generation software application for financial consolidation. In this blog article, you will learn step by step approach. Let’s have a look:

SAP S/4HANA Intercompany Matching & Advanced Reconciliation

SAP S/4HANA Finance – Cloud Data Mapping

In SAP S/4HANA Finance 1909 release, it provides new apps to help you remove, transform as well as load data from any source system into S/4HANA Finance for group reporting consolidated data(ACDOCU). The data Mapping applications allow you to define mappings between source dimensions from any external system and target dimensions available in S/4HANA. In this version, the source is limited to.csv documents, and the destination is limited to the ACDOCU table of SAP S/4 HANA Finance for group reporting. The mappings can be directly created in Microsoft Excel files, and then uploaded in the Data Mapping definition tile. These mapping data will be utilized to transform data and import it into SAP S/4HANA, using the Run data Mapping tile. Here, You’ll find below a simplified architecture diagram. 

SAP S/4HANA Finance – Cloud Data Collection

In SAP S/4HANA Finance 1909 release, Cloud Data Collection applications with the ability to utilize additional procedures in the reports. You can now enter data in a local currency, group currency, transaction currency, and so on. Furthermore, when you define a report, you can use a new technique called “Selection by property” which allows you to produce vibrant reports with characteristics values based on FS item property.

SAP Analytics Cloud Integration

With  SAP S/4HANA Finance 1909, two new APIs that improve SAP Analytics Cloud connectivity. The first API is made to populate as well as refresh the SAP Analytics Cloud dimensions based on S/4HANA Finance for group reporting master data. The second is committed to populating and rejuvenating the SAP Analytics Cloud model’s facts from S/4HANA Finance for group reporting combined data. The refresh of SAP Analytics Cloud is done on-demand. SAP Analytics Cloud analysis reports consist of Planning, Predictive P&L reports along with a new group financial KPIs report.

Activity-based Consolidation of Investments

Consolidation of Investments deals with the elimination of investment on investors as well as of equity of their subsidiaries. It computes the non-controlling interests of the eliminated investment and equity as well as the differential quantities. Then it reclassifies the less section of profit and loss reported by the subsidiaries. The system carries out these computations and posts on the base of reported data for investment and equity and group-dependent financial investment share percentages.

I believe that this article will help you to understand in a better way. If you want to learn more about SAP S/4HANA Finance or another SAP course, visit our website & explore new articles. Hope this article meets its objectives.

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