- Improve speed, reliability, and compliance with consolidated reporting
- Support legal and management consolidation and reporting capabilities for corporate close processes – all within the same tool. Save time and money by providing timely, reliable information. Support multiple currencies and global reporting standards in a faster, automated fashion. As a result, companies can maintain a fully documented audit trail for regulatory compliance and reduced audit costs.
- Achieve timely and accurate closes with collaborative, automated processes
- Accelerate the entity close through automation and standardization. Templates can be used across multiple entities and closing cycles to improve corporate governance, share best practices, and drive efficiency. Support quick and efficient peer-to-peer reconciliation of intercompany balances and invoices between group subsidiaries. Plus, you can run closing processes across multiple SAP and third-party software.
SAP Financial Consolidation
- Fast-track the close-to-disclose process with SAP Financial Consolidation software
- Deliver fast and accurate financial statements – and free up more time to focus on strategy and analysis. Our financial consolidation software can help you navigate multiple currencies, mergers and acquisitions, and evolving accounting standards such as IFRS and local GAAP. Comply with complex financial reporting requirements – and close the books at record speed.
- As an organization grows, so does the difficulty of its financial consolidation and reporting challenges. Organizations must deal with multiple currencies, various accounting standards, and a host of reporting and compliance regulations. Many grapple with the challenges brought on by mergers and acquisitions, such as the integration of new business units into the reporting chain. Through all this, the organization must balance the need for precise financial reporting and corporate governance with the needs for timeliness in meeting reporting deadlines. A fast, high-quality close describes a corporation’s ability to complete its accounting cycles and close its books quickly and accurately. Organizations that close fast, with the support of a powerful financial consolidation system, reap the benefits of quick access to information. They have more time for value-added analysis, improved control systems and quality, and faster reporting and statutory compliance. And they can reduce costs and strengthen investor relations.
Why SAP Financial Consolidation?
Because the software helps you streamline compliance, meet management and global regulatory requirements – and ultimately accelerate the financial close-to-disclose process. It lets you spend less time reporting and more time analyzing the how and why of financial events.
- Shrink the time and cost of financial close and reporting cycles – without sacrificing controls
- Ensure compliance with IFRS and local GAAP requirements, including XBRL reporting
- Real-time reporting on consolidated data with SAP HANA in-memory computing
- Automate intercompany reconciliation and elimination, currency translation, segment reporting, and more
- Strengthen investor relations by maintaining transparent data and audit trails
SAP Business Planning and Consolidation
- Streamline planning and achieve a faster, more accurate close with our BPC software
- Spend more time growing your business and less time closing the books – with SAP Business Planning and Consolidation. The BPC software delivers planning, budgeting, forecasting, and financial consolidation capabilities in a single application. Easily adjust plans and forecasts, speed up budget and closing cycles, and ensure compliance with financial reporting standards.
Why SAP Business Planning and Consolidation?
Because our BPC software provides planning, budgeting, financial forecasting, and consolidation tools that can keep up with the fast pace of business – today and tomorrow.
- Make better decisions based on what-if analyses and scenario planning
- Use collaboration tools to improve accountability and planning accuracy
- Shrink cycle times, close the books faster, and align your plans with strategic goals
- Get real-time access to data in SAP S/4HANA Finance
- Run on your platform of choice – Microsoft or SAP NetWeaver