Some of the previous solutions have the disadvantage that a separate consolidation solution is required, i.e. different data models and closing processes are needed. This is usually complex and costs time. The system landscapes are often complex.
In addition, the mainstream maintenance for the classic solutions will expire in the coming years or they - like the already integrated solution SAP EC-CS - will be replaced after a transition period.
With SAP S/4HANA for Group Reporting, SAP provides a new and integrated consolidation solution for the preparation of consolidated financial statements and group reporting that brings together the functions and advantages of the previous solutions.
One of the key advantages: The use of the Universal Journal under S/4HANA creates a "single point of truth" for data at the individual and group level. Group-wide financial consolidation is already integrated into the Universal Journal (continuous accounting).
Overall, group reporting thus leads to, among other things