SAP Financial Consolidation

SAP Financial Consolidation helps create fast and accurate financial statements with multiple currencies and among varying levels of departments, entities, mergers, and acquisitions. SAP Financial Consolidation is a way to streamline compliance and meet management/global regulatory requirements when it comes to reporting your financial close. The solution will help you meet accounting standards such as IFRS and GAAP.

Video Overview

Features of SAP Financial Consolidation

• Automated consolidation processes: Streamline the production of financial statements and meet reporting requirements such as local Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
• Matrix consolidation: Satisfy both statutory consolidation and management reporting requirements by using two different reporting unit rollups in a single consolidation.
• Performance: Run all processes with a fully traceable audit trail that doesn’t compromise performance.
• Reporting structures: Combine legal and management reporting structures in a single consolidated view. Compare what-if simulations side-by-side to analyze organizational changes, mergers, or acquisitions.
• Real-time reporting: SAP Financial Consolidation runs on the SAP HANA^® platform, in addition to Microsoft SQL and Oracle.
• Open integration: Seamlessly integrate data and master data from both SAP and non-SAP sources into your financial planning and consolidation environment.