SAP S/4HANA Finance for Group Reporting

Name: leverX Company
Brand: LeverX
Rating: 4.9 (114 reviews)

Streamline financial consolidation and close processes by unifying operational and group reporting.

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Such companies help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. They leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

SAP S/4HANA Finance for group reporting is SAP's consolidated financial reporting solution. It helps companies improve their financial reporting consolidation process, making it faster, more accurate, and efficient, which leads to better financial resource management and strategic decision-making.

This solution collects, integrates, consolidates, and analyzes financial data from various divisions, subsidiaries, and branches in real time to provide users with up-to-date information. SAP S/4HANA Finance for group reporting is useful for companies looking to improve the management of financial data and consolidation processes.

Real-time data access

This provides up-to-date information for decision-making and prompt response to any changes.

Data integrity

Consolidating data simplifies the closing process by minimizing discrepancies and duplications and providing a single source of truth.

More accurate forecasting

Continuous monitoring of financial metrics enables more accurate forecasting and decision-making.

Reduced closing time

Automating routine tasks and integrating data help companies accelerate the financial close process and reduce the risk of errors.

Increased transparency

Combining transactional and consolidation-level data allows for easy tracking and control of all financial operations.

Deployment flexibility

The ability to choose between on-premise, cloud, or hybrid options allows companies to optimize IT infrastructure and maintenance costs.

Integrated data model

Consolidates financial data across various entities and subsidiaries within a single, unified system.
Ensures data consistency and accuracy across the organization.

Flexible reporting standards

Supports multiple reporting standards, including IFRS, GAAP, and local statutory requirements.
Allows for customization of reports to meet specific business needs and regulatory requirements.

Automated financial close

Automates repetitive tasks required in the financial close process.
Minimizes the risk of errors through automated processes and checks.

Advanced analytics and reporting

Provides advanced analytical tools for in-depth financial analysis.
Offers interactive dashboards and visualizations to track financial performance.

Multi-currency support

Handles transactions and reporting in multiple currencies.
Automates currency translation and revaluation processes.

Audit trail and compliance

Maintains a detailed audit trail of all financial transactions and consolidations.
Ensures compliance with regulatory and audit requirements.

Continuous accounting

Allows for continuous updates and monitoring of financial data.
Supports proactive financial management and decision-making.

Collaboration tools

Facilitates collaboration among finance teams with shared access to data and reports.
Enables adding comments and annotations to financial data for better context and understanding.

Scenario planning and forecasting

Utilizes predictive analytics for scenario planning and forecasting.
Allows users to create and analyze various “what-if” scenarios to assess potential outcomes.

Why LeverX?

Proven track record

For over 20 years, we have helped businesses worldwide succeed with SAP. We’ve already completed 950+ projects for over 800 clients, including top names on the Fortune 500 list.

Industry experts

The LeverX team comprises professionals with hands-on knowledge in 30+ industries, including manufacturing, logistics, and oil  and gas.

SAP partnership

We implement SAP projects end-to-end  and collaborate with SAP on the development and enhancement of its existing solutions.

Quality and security track record

LeverX operates in compliance with international standards such as ISO 9001, ISO 27001, ISO 22301, and ISO 55001, ensuring reliability and quality in every project.

Investment in innovation

We actively integrate advanced technologies, such as Data Science, IoT, AI, Big Data, Blockchain, and others, to help clients efficiently address their business challenges.

Flexibility

Our team is available 24/7, which enables us to quickly deploy projects, maintain process transparency, and adapt each development phase to meet your specific requirements.

Implementation Roadmap

We follow the SAP Activate methodology, which breaks down the implementation of SAP S/4HANA Finance for Group Reporting into six essential stages:

Current Processes Evaluation: Assess existing business processes and identify the organization's needs.
Defining Technical Requirements: Create a detailed specification of the functional and technical needs of the new system.

Discover

Setting Goals and Objectives: Establish and agree on the goals to be achieved throughout the project.
Assembling the Project Team: Appoint team members and define their roles and responsibilities.
Project Plan Development: Create a comprehensive plan that outlines project phases, timelines, resources, and key performance indicators.
Budget Determination: Estimate and approve the budget.
Specifications Preparation: Develop the technical and functional specifications for the development team.

Prepare

Ensuring Business Requirements are Met: Check that SAP S/4HANA Finance for Group Reporting aligns with business requirements and project objectives.
Data Validation: Verify the accuracy and compliance of the data.

Explore

Data Migration: Transfer data from existing systems to the new one.
System Configuration: Set up the solution according to requirements and specifications.
Customization: Develop additional features and modules, if the standard solution does not meet all needs.
Integrations: Configure SAP S/4HANA Finance for Group Reporting to work with other IT systems and applications.

Realize

Testing: Perform functional, integration, regression, and load testing to ensure that all works correctly.
User Training: Organize sessions to help users become familiar with the new system.

Deploy

System Readiness Check: Verify that the system is ready for operational use.
Launch: Officially transition to active use of SAP S/4HANA Finance for Group Reporting.
Ongoing Support: Continuously monitor solution performance to identify and resolve any issues.

Run

What is SAP S/4HANA Finance for group reporting?

SAP S/4HANA Finance for group reporting is a solution that facilitates the consolidation and reporting of financial data from multiple entities within an organization, providing a unified view for financial analysis and compliance reporting.

How does SAP S/4HANA Finance for group reporting improve financial consolidation?

It automates and streamlines financial consolidation processes, including data collection, intercompany reconciliation, currency translation, and elimination of intercompany transactions, ensuring accurate and efficient consolidation.

Can SAP S/4HANA Finance for group reporting handle different accounting standards?

Yes, it supports various accounting standards such as IFRS (International Financial Reporting Standards) and local GAAP (Generally Accepted Accounting Principles), allowing organizations to comply with global regulatory requirements.

What are the key features of SAP S/4HANA Finance for group reporting?

Key features include real-time data integration, automated consolidation processes, compliance with global accounting standards, advanced financial analytics, user-friendly interface, seamless integration with other SAP solutions, and support for multi-entity consolidation.

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An expert will reach out to you to discuss your specific migration needs and requirements.
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We will sign an NDA to ensure any sensitive information is kept secure and confidential.
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We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.