SAP Financial Consolidation

Financial consolidation software for current SAP customers with complex tax and statutory requirements.

Product Overview

SAP Financial Consolidation is a software for current SAP customers with complex tax and statutory requirements. Key features include automated consolidation processes, matrix consolidation for diverse reporting needs, and real-time reporting capabilities on platforms like SAP HANA. SAP Financial Consolidation is still being maintained and supported by SAP, with mainstream maintenance extended until December 31, 2030.


  • Automated consolidation processes
  • Matrix consolidation
  • Fully traceable audit trail


  • Only for SAP Business One customers
  • Overwhelming for businesse with simpler consolidation needs

Target Market

Larger enterprises with complex consolidation needs, including handling multiple currencies, compliance with various accounting standards, and dealing with diverse business entities.

About 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.

This product is only available for current users of SAP solutions, such as SAP Business One.

SAP Financial Consolidation Key Features

  • 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.

SAP Financial Consolidation Alternatives

1 Prophix

A multi-user financial software application with budgeting, planning, financial consolidation, management reporting, and analysis tools.

Prophix: Unified Platform
Prophix: Revenue Planning
Prophix: Profitability Analysis
Prophix: Member Properties
Prophix: Ad Hoc Analysis
What We Like
Cloud and on-premise implementation
Spreadsheet-style interface
Supports all types of financial and non-financial budgeting
What We Don’t Like
Could be more user-friendly for non-admins
Free trial is limited
Pricing details not readily available
Price Range: $$$
Client OS: Windows, macOS, iOS, Android, Web
Deployment: Cloud or On-Premises

2 CCH Tagetik

An enterprise performance management (EPM) software offering budgeting, forecasting, consolidation, and performance reporting.

CCH Tagetik: CCH Tagetik Top Down Planning
CCH Tagetik: CCH Tagetik Forecasts
CCH Tagetik: CCH Tagetik Dashboard
What We Like
Capable of handling complex consolidations
Cloud-based platform is very stable
Expands to meet changing regulations
What We Don’t Like
New configurations are difficult
System can slow when adding new users
Requires a lot of data manipulation to get accurate forecasting
Client OS: Windows, iOS, Android, Web
Deployment: Cloud or On-Premises

3 OneStream

A corporate performance management (CPM) software providing data management, financial close, consolidation, planning, reporting, and analytics.

OneStream: Long Term Plan
OneStream: Financial Consolidation
OneStream: Dashboard Reporting
What We Like
Versatile platform with unique data management capabilities
Streamlined financial close and consolidation process
Powerful reporting and analysis capabilities
What We Don’t Like
Some areas require manual workarounds due to limitations
Price Range: $$$
Client OS: Windows, iOS, Android, Web
Deployment: Cloud or On-Premises

Video Overview

Product Overview

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User Reviews of SAP Financial Consolidation

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