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SAP consolidation tools - effective software solutions for successful corporate consolidation

SAP consolidation tools - effective software solutions for successful corporate consolidation

A clear overview of your company's financial situation, an improved balance sheet, a good competitive position - with a SAP consolidation tool you can carry out your group consolidation even faster and more effectively in the future. 

SAP consolidation tools are of great importance for companies of all sizes. With these tools you can have an optimal overview of the financial situation of your company and react quickly to changes. In this article we will introduce you to the various SAP consolidation tools and help you to find the right one.

Which SAP consolidation tools are there?

You have the choice between several SAP consolidation tools with which you can carry out consolidation, consolidated financial statements and management reporting, among other things. As an experienced SAP partner who specializes in financial consolidation specializes, we at INSIRE offer you comprehensive consulting services for the implementation of the following SAP consolidation tools:

  • SAP S/4HANA for Group Reporting
  • SAP BPC
  • SAP SEM BCS
  • SAP EC CS
  • SAP BCS/4HANA

SAP consolidation tools in detail

Each SAP consolidation tool has its advantages and disadvantages and is suitable for different use cases and companies.

SAP S/4HANA for Group Reporting

SAP S/4HANA for Group Reporting is a comprehensive solution for companies with complex structures and international business activities. The tool combines various functions of the SAP solutions SEM-BCS, EC-CS, SAP BPC and SAP Financial Consolidation. Among other things, you can perform real-time analysis, automated calculations and seamless consolidation. This corresponds to the legal requirements according to HGB, IFRS and US-GAAP. SAP S/4HANA for Group Reporting is available as an on-premise and cloud-based variant. Individual adjustments are easily possible.

SAP BPC

SAP BPC (SAP Business Planning and Consolidation) offers comprehensive options for your financial planning, consolidation and reporting. Companies that work with SAP BPC optimize their planning sustainably. The software is extremely flexible: An experienced IT specialist or business user can adapt the tool to your individual requirements at any time. BPC offers powerful solutions. Although it takes time and resources to implement the tool, the results are often rewarding.

SAP SEM BCS

SAP SEM-BCS (SAP Strategic Enterprise Management – ​​Business Consolidation System) is a comprehensive and flexible data management tool. Companies that have a large number of data sources and want to link them together are well advised to use SAP SEM-BCS. With this tool you can plan effectively, consolidate data and create reports and analyzes at the push of a button. A big advantage of SEM-BCS is that you can integrate the software with other SAP solutions such as SAP ERP or SAP BW. In the long term, SEM-BCS leads to considerable advantages, which in any case make up for the sometimes complex introduction.

SAP EC CS

EC-CS (SAP Enterprise Consolidation) is a SAP consolidation tool that is specially designed to meet the requirements of large and complex companies. It provides reliable and accurate real-time consolidation, allowing you to prepare your financial statements quickly and efficiently. The integration of HANA ensures high performance and scalability. Link EC-CS with other SAP solutions such as SAP S/4HANA or SAP Business Suite and make your degree even more effective.

SAP BCS/4HANA

Are you dependent on precise forecasts? Would you like to carry out simulations based on your data and run through scenarios in order to be able to make well-founded decisions for your company? Then SAP BCS/4HANA is a good choice for you. In SAP BCS/4HANA you will find the same functions as in the predecessor SEM-BCS - but you can access a wider range of data and thus optimize your financial processes. Automated processes, a high level of user-friendliness and intuitive administration make consolidation, consolidated financial statements and reporting easier for you.

INSIRE is your partner for consolidation, consolidated financial statements and reporting. Contact us and receive individual advice on the various SAP consolidation tools. With our support, you can make group consolidation more effective and optimize your financial planning and future reporting.

SAP consolidation tools – our services from INSIRE

We from INSIRE advise you comprehensively and support you in the implementation of the various SAP consolidation tools. We help you to select the most suitable tool for your needs and to integrate it into your existing systems. We also offer training for your employees and, if you wish, we can create an individual offer for you, which we tailor to your specific requirements.

SAP consolidation tools - let us advise you now

With a SAP consolidation tool you can improve your financial situation and optimize your group consolidation. The tools offer an excellent opportunity to gain an overview of the financial situation of your company and to optimize your group consolidation. 

If you need more information about the SAP consolidation tools, have questions or need support with the implementation, INSIRE is the ideal contact. Contact us today to receive individual advice and to benefit from the advantages of the various SAP products.