SAP extends the maintenance of SAP Financial Consolidation by 3 years.
Set the course for your group reporting in good time. The introduction of a new solution can take between six months and almost two years, depending on the complexity of the accounting and reporting requirements. Minimize your risk and switch to the successor solution for SAP Financial Consolidation well in advance:
The new strategic solution SAP S/4HANA for Group Reporting for the preparation of consolidated financial statements and group reporting integrates the following strengths of SAP Financial Consolidation, among others:
With these conceptual similarities in some areas, Group Reporting from SAP is the ideal successor to SAP Financial Consolidation. SAP provides migration tools to simplify the transition. However, these tools only enable the transfer of transaction data between SAP Financial Consolidation and Group Reporting. As a transfer of posting logic is not supported, comprehensive knowledge of SAP Financial Consolidation is essential for the migration to Group Reporting.
With BCS/4HANA and BPC, SAP offers two additional powerful products for preparing consolidated financial statements and group planning. Depending on your requirements, these two products may also be a perfect option. The choice of software is therefore of particular importance here.
See the switch to a new solution for your group reporting as an opportunity and benefit from the technical advancements of these modern products, for example: