"SAP S/4 HANA Group Reporting"
Vaoyo Approach is to design and simplify the financial consolidation process for organizations. Group Reporting is embedded within SAP S/4HANA Finance and runs directly on the financial data in the S/4HANA system.This integration enables a smooth process between local and group closing activities, as both are in the same system.
Consolidation Capabilities:Group Reporting provides functions for group accounting and management reporting, including process control, data collection, data quality control, consolidation, and reporting.It supports matrix consolidation, allowing consolidated data to be viewed by a hierarchy of consolidation units or other dimensions like profit centers.Data Collection:For data not in S/4HANA, Group Reporting offers the SAP Group Reporting Data Collection (GRDC) module, a cloud-based application for accessing and transforming external data.
Reporting and Analytics:Group Reporting integrates with SAP Analytics Cloud for advanced reporting, data visualization, and business analysis of consolidated data.It also has a roadmap to connect with SAP Disclosure Management for producing final financial statements and reports.
Strategic Solution:SAP positions Group Reporting as their new, strategic solution for consolidation, with continuous investment and improvements planned.It aims to provide a future-oriented, complete solution for consolidation, available in cloud and on-premise versions.
A data explosion that does not generate revenue growth. Ongoing market consolidation. Value migration. Rapidly changing business models. Technology disruption. It is all changing the face of the telecommunications industry. Providers who can safely navigate these waters and keep value-based growth top of mind will emerge as winners, regardless of their size, maturity, or geographic location. Overall, however, telecommunications are a dynamic and growing industry, driven by widespread adoption of broadband Internet, cell phones, and Wi-Fi data transmission. The industry is engaged in a steady effort to keep up with advancing technology and consumer demands that requires regular upgrading and improvement of infrastructure, such as cell towers, fiber optic lines, and bandwidth.
These advances and improvements have reduced the need for traditional workers in this industry, such as electrical and electronics engineers and telecommunications equipment installers and repairers but increased demand for those with expertise in new technology. The telecommunications market remains competitive. The largest cable and cell phone and data providers often go head-to-head to win customers and subscribers.
Legal consolidation & Management Consolidation is used by the finance department of a corporation to consolidate financial numbers from its subsidiaries and produce consolidated financial statements.It focuses on the legal entity view and statutory reporting requirements.
Consolidation Process:consolidation involves aggregating trial balances from multiple legal entities or company codes within the group.
It requires all companies to be on a common data platform or significant integration effort to map to a single chart of accounts.
Key Features:Provides visibility into underlying financial transactions at the legal entity level.Supports standard consolidation tasks like currency translation, intercompany eliminations, and investment consolidation.
Comparison to Management Consolidation:Legal consolidation is focused on the statutory/legal reporting view based on legal entities.Management consolidation is focused on reporting by segments, profit centers, or other management views beyond just legal entities.
In SAP S/4HANA, legal consolidation is part of the Group Reporting solution, integrated with S/4HANA Finance.
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VAOYO
VAOYO is a Technology services and global consulting company. Our global delivery enables us to deliver business process and integration services such as API, CRM, ERP, data warehousing and software development services.