As we continue to strengthen our development investment in SAPs next gen consolidation software, release 2021 delivers on major new features: SAP S/4HANA Finance for group reporting 2021 inherits from the innovations delivered in the 2011, 2102, 2105 and 2108 releases of our cloud version. I could use SCC1 to copy most of the configs but would like to know if there is any guide. Skilled in Search Engine Optimization (SEO), Sales, WordPress, Market . This document provides you detailed information on SAP S/4HANA Finance for group reporting 2021, the latest version of SAP's next-generation software for financial consolidation and group close. SAP group reporting is now 6 years old after its first release in may 2017. In BPC one has to manage data manager packages that point to transformation and conversion files. Learn at your own pace and style and obtain an SAP Certification to stand out. Drive continuous improvement across your operations. It's licensed by Units. This goes for instance for Profit Center, Cost Center, GL account, WBS element, Customer, Material Number, Vendor etc. Personally, I would always go for rule based to remain flexible and future proof. With this guide to SAP S/4HANA Finance for group reporting, learn about the new group reporting architecture and data model. Group Reporting seamlessly integrates with S4 accounting. In particular: Is the feature (copy function with data transformation capabilities for reported data) available for older on premise releases? Streamline financial consolidation and close processes by unifying operational and group reporting. Join us in Barcelona. Release 2022 delivers on the following major new features: SAP S/4HANA Finance for group reporting 2022 inherits from the 2111, 2202 and 2208 cloud releases, and includes the following innovations: Check out the new/enhanced features inherited from2111 cloud release: Check out the new/enhanced features inherited from2202 cloud release: Check out the new/enhanced features inherited from2208 cloud release: For more information on SAP S/4HANA Finance for group reporting release 2022, you can refer to the following: You can interact online with the SAP Product Engineering team by joining our Customer Influence Platform and following our Community. Preparation of Consolidated Financial Statements is mandatory for Statutory compliance, example IFRS10. SAP S/4HANA for Group reporting is SAPs strategic consolidation solution moving forward, in particular for customers implementing SAP S/4HANA irrespective of deployment option (cloud or on premise) as well as for customers looking for a public cloud stand-alone offering. Possibility to perform Data entry at desired level within the consolidation system. Can you also please let me know the report execution / generation using the FIORI apps or GUI along with App name and Transaction code for the above configuration. If there is a transport guide, can you share? Automatic Reversal and Reversal spilled over to next year whether the document is valid only for one period of the current year, and whether the reversal should be restricted to the current year alone. There is a big benefit for companies that have (most of their) companies live on S4 accounting as the data integration, granularity and analysis are much better than BPCs. In a few months, SAP Universal ID will be the only option to login to SAP Community. SAP Best Practices provides the following two Sub item Categories . We need to consolidate data with out Group Reporting and BPC. You are a fabulous blogger. I understand that we can use GR alone with online S/4 HANA too. With your experience in GR and with this limited information. Versions make it possible to consolidate different sets of financial data. If these are not the right ones can you please let me know the correct ones? The note 2833748 given shown the process steps to solve the issue, but if i install SAP best practice content or or initialize the global settings for consolidation, will it help resolve this issue? Feedback from customers on this tool has been quite strong. The tool is structured slightly different from BPC. Walk through your key consolidation tasks, including currency translation, intercompany elimination, financial close . We in SAP Product Engineering are happy to announce the general availability of SAP S/4HANA Finance for group reporting 2021, on October 13, 2021. Default Sub Item assignment ensures population of default values for the data in consolidation system. How to activate the best practices content in SAP S/4HANA for Group Reporting? The focus is on On-Premise solution as of release 1809. I have not (yet) worked with the data collections tool in group reporting and therefore I probably lack the knowledge. Yes, Group Reporting requires additional license in addition to S4H OP license. It includes the following new and enhanced functionalities: You can find more detail below on the new features available in SAP S/4HANA Finance for group reporting 2021. OSS Note 2659672 also has link to some documentations. Very nice & informative blog Gayathri. Sub items : Sub items help in getting a horizontal build of an account. Any customer wants to implement Consolidation/Budgeting/Planning(Managerial Consolidation not Actual Planning) can be achieved from S4H1809(OP). Blog followed by your detailed answers to multiple queries is much appreciated. Great blog!!! CU Y - Company Y - 'Release Universal Journals'. The set up and maintenance of FS Items is managed inside Group Reporting, which means Operating Chart of Accounts are not disturbed. For example You create a version for consolidating Plan Data alongside one for consolidating Actual Data. In group reporting 2023 a Financial Statement Reporting Booklet will be introduced, (which is already available in the cloud version). Standard Processes in data- and consolidation monitor are available. In my current system to perform the consolidation we load the data through Excel and plain text files, so my question is could I implement Group Reporting without implementing a source system (Ex. The app is hosted on the SAP Cloud Platform and relies on data such as master data and allowed breakdowns from group reporting within SAP S/4HANA. Consolidation Transaction Types are for Balance sheet accounts and Functional Area are for Profit and Loss accounts. They are also looking for intercompany elimination. So my depth of knowledge in BPC is not strong but my experience with Group Reporting is extensive. Ledger in Group Reporting provides you the flexibility to choose the Consolidation currency - which could be defined same as your PC Val Currency. And while SAC is an additional license it again offers allot of . From a functional standpoint, the on premise version inherits from all the features delivered in the cloud versions each quarter. Keep default settings. FS Items replaces the old world Group CoA. Yes, there are multiple options to implement Group reporting in such a scenario: Thanks for providing the configuration details. I have only worked with the GR 2021/22 on prem versions. . Indeed I have not seen the Financial Statement Reporting Booklet. This app offers much more flexibility in reporting but at the same time a much improved customer experience. If you have multiple accounts, use the Consolidation Tool to merge your content. Also the eliminations not just by Company but by Profit Center and Segment are supported with this same logic. Instead, you have to make a download of your equity and investment accounts, and reverse out the amounts, then bring in the amounts again but with a percentage ownership against the share accounts. SAP LICENSING INTRO SAP License compliance and cost reduction through continuous optimization With more than 3,000 products, 24 user license types and 100 engine metrics, SAP software licensing is . Do we need license for each user for Analysis for Office setup. Adding fields over & above the standard available ones in GR (ACDOCU), is not currently possible. Details of these will be covered in a separate blog post. When you open the Windows Defender Firewall for the first time, you can see the default settings applicable to the local computer. It would be great for me to know more about BPC too! Lets hope that SAP keeps investing in Group Reporting to make it the complete product that BPC already is and to have to great data integration that Group Reporting already has. At SAP, we want to provide businesses with a comprehensive and streamlined financial reporting process that can help drive success, and for this we have created the Group Reporting solution. Embedded in S4HANA, hence no need of an ETL or Data Warehousing Tool like BW to intermediate between the transaction system and the consolidation system. If anybody needs any pointers on CDS side you can try to reach to me, I have done lot of crazy KPI's for the Consolidation reporting.. Any additional inputs would really be appreciated. Actually where does the consolidation take place? Regardless of the market you are operating in, Group Reporting can help you gain greater visibility and control over your financial data, so you can stay competitive and adapt to changing conditions. Our customer has long been expecting this new feature. The extension ledger also provides additional functionality by means of a single entity being able to post to multiple consolidation units and. reporting certificates, subrecipient monitoring processes, cost-sharing documentation, the review and update of sponsored programs policies and procedures, and participant verification for the student support service s program. Tagging FS Item to Operational Chart of Accounts is a prerequisite to read data directly from the Universal Journal. Hi Gayathri, Very Informative and useful Blog !!! The only thing that needs to be competed is to tag FS Items with the correct properties. I enjoy these type of conversations and I hope you take all my feedback as constructive dialog and definitely would be open to having a conversation with you in the future! You can also explore Published APIs to load data from other SAP systems into Group Reporting. Alerting is not available for unauthorized users, Right click and copy the link to share this comment, I am looking to connect the ECC system to S/4 HANA, For connecting an ECC system to S/4 HANA, Do we have an equivalent setup document to connect ECC system to S/4 HANA, https://answers.sap.com/questions/12673188/how-to-develop-consolidated-financial-statements-i.html, https://blogs.sap.com/2018/09/29/s4hana-1809-bp-activation-process-with-errors-encountered-solution/, https://help.sap.com/viewer/0f69f8fb28ac4bf48d2b57b9637e81fa/2102.500/en-US/2e84a10c430645a88bdbfaaa23ac9ff7.html, 2659672 - FAQ About SAP S/4HANA Finance for Group Reporting (On Premise). It cannot happen just using CDS views, since it is not just a report, but there are series of steps posting adjustments to the data. If you have answered yes to any of the above questions, I invite you to join the sessions organized bySAP Intelligent Adoption and Consumption Teamin collaboration with Product Management, on Group Reporting with SAP S/4HANA Cloud, public edition. Since this looks like the way forward for consolidation, what does it mean for BPC as a product? Explorehow DSM enables process efficiency and innovation. Attributes relevant for automating the consolidation processes like Currency Translation, Elimination and Consolidation of Investment (CoI). Thank you for being the guiding light on Blogging, Ajeet . I fully agree with you that the integration with operational accounting is one of the great assets of Group Reporting, there are no other tools that have comparable functionality! As S/4 Hana Group Reporting use ACDOCA (universal Journal table), how can we use it if the customer is still running on ECC 6.0 ? filter by Application Component FIN-CS to get list of all apps relevant to GR. So as of the current release, Consolidation process happens at Company level. On expanding an item, you see the details like below, Mass upload of mapping of FS Items to GL account is done using below app. Group Reporting is SAP's way forward for Financial Consolidation. Thanks for the video. or You can do 3 rd Currency (Other than Group Currency)also but you have to some additional settings/ to better understand. oin us to discover how to accelerate innovation with central finance and closing in SAP S/4HANA Cloudatone of these in-person events, presented by SAP and TAC Events: Learn how to secure your intelligent enterprise, Do Not Share/Sell My Personal Information, Access a single source of truth for local operational and group-level data, Drill down from consolidated reports to transactional data, Integrate with SAP S/4HANA for central finance, Distribute workloads continuously and evenly over the accounting period, Enable finance team collaboration across embedded intercompany reconciliation processes, Support inter- and intra-segment elimination with innovative reporting functionality, Use flexible user-defined validation rules and drill down to context information and underlying journals. Experienced Digital Marketing & Marketing Operations Manager with a demonstrated history of working in various B2B industries. Security in Group Reporting is done the same way as it is done in S4 Accounting, whereas in BPC a separate security administration is needed. REPORTING - Another area I think missed the mark. So with below functionality, we should be able to do COI for equity method using reclassification method? LC, Profit Center Valuation( Currency 3), Can be Group Currency 30(USD) which is based on US Companies. A consolidation Ledger contains the Source Ledger and the Currency. Thanks for the blog. Fiori App Import Master Data for Consolidation Fields has predefined template of FS Items with all these associated attributes. October 18-19, 2022. Are there any costs that is required per user. In my opinion this is really a step back compared to BPC. From notes 2659672 - FAQ About SAP S4HANA Finance for Group Reporting (On Premise) section 1.1, "Note for SAP S/4HANA 1809, for running Group Reporting it is a mandatory prerequisite to install the BP content (scope item 1SG) for the solution". S/4HANA for Group Reporting is licensed separately to the underlying S/4HANA Enterprise Managment license in 1909 on-premise. We are on S/4HANA 1809 On Premise. Yes, as you say, all GRDC features are available both for Group Reporting on premise and cloud, unless stated differently in our limitation note https://launchpad.support.sap.com/#/notes/2646756 (the ad hoc items you mention is a good example). Also is there a way we can know about GR licence at high level. this app has had some positive feedback from customers. And while SAC is an additional license it again offers allot of capabilities to collect comments, assign reporting tasks, burst and distribute reports that you might not be aware of. It allows greater flexibility (with 2022 especially) where One Entity in S/4HANA can now post to multiple Consolidation Units in Group Reporting. My S User is S0020268226, I have been your avid follower especially on SCN. They want to implement S/4Hana Group Reporting on Cloud using FI-GL data from SAP ECC. I thought your blog post was well written and you laid out your assumptions/arguments quite logically. In general, please refer to the attached SAP Note 2921040-SAP Group Reporting Data . Data Source manual or automatic posting, file upload, or API. Thanks Gayathri. Let's talk about 2 of them. Looking forward to get your feedback on our latest innovations! Specific observations, recommendations, and management responses are detailed in the remainder of this report. GR config will not be enabled till the pre-requisites are met. SAP has provided the SAP S/4HANA Finance for group reporting in S/4 HANA Finance 1909. . From notes 2659672 - FAQ About SAP S4HANA Finance for Group Reporting (On Premise) section 1.1, "Note for SAP S/4HANA 1809, for running Group Reporting it is a mandatory prerequisite to install the BP content (scope item 1SG) for the solution" Please note we are on S/4HAN1809 On Premise not on cloud. FS items form the backbone of the consolidation process. We in SAP Product Engineering are happy to announce the general availability of SAP S/4HANA Finance for group reporting 2022, on October 12, 2022. In a few months, SAP Universal ID will be the only option to login to SAP Community. The note details out on what needs to be done to activate GR if EC-CS is already active. You wont need BW for Consolidation and Reporting since Group Reporting is part of the S4H. Yes I do except for Consolidation ledger which I could transport if it is other than Y1and other CL in SAP namespace. Do you want to learn more about the intercompany matching and reconciliation offered by the SAP Group Reporting solution? Looking forward to have it under my fingers. The rule based consolidation of investments does not differ that much from BPC Reporting. Thanks for the good question. This is especially relevant for organisations that do not have all of their company codes running on S4 HANA operational accounting. Help keep your SAP solutions running at peak performance with our IT experts and support services, including long-term plans, embedded teams, remote technology support, self-service portal, and innovation strategies. Can coding blocks fields be added in master data table where Hierarchy and BCF settings are done? Below interesting features part of the product vision will simplify complex and advanced processes in Consolidation : Integration into Financial Closing Cockpit, Automated InterUnit Profit Elimination from Inventory, Integration Scenarios with planning applications, Intelligent Data Validation leveraging Machine Learning. There are separate settings to specify how the FS Items should be Carried forward to the next year. If you have multiple accounts, use the Consolidation Tool to merge your content. So yes, the basic premise is that the currency is present in ACDOCA. S4H GRPTING is an new Consolidation tool for Legal and Management Consolidation with full functionalities/regular activities of Consolidation as of S4H 1809 and where as S4H 1909 will have more advanced Consolidation features and also MATRIX Consolidation, where as IC Recon tool is only applicable to one element of Intercompany Accounts and nothing else out of that for final reporting, IC Recon tool assists to any Consolidation process to speed up the IC Tasks and eliminate time consumption when you have un recon IC transaction which will be any customer's nightmare.
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