In the fourth quarter of 2024, SAP will release an exciting update for Group Reporting Data Collection. The new features will make the application even more powerful and provide companies with optimal support for consolidation and reporting.
This Q4 update impresses with a variety of new features that both increase efficiency and improve user-friendliness. In this article, we take a look at the highlights and show how they can simplify daily work.
With the new multi-period data entry feature, working with multiple periods and fiscal years is easier than ever. Whether it's 2025-month budget data, long-term planning, or entering non-financial data at the end of the year – all of this can now be conveniently recorded in a single form. The "Manage Forms" app supports this with flexible configuration options. An expansion of this functionality for year-to-date data is planned for the first quarter of XNUMX.
The redesigned traceability logs provide greater transparency and simplify analysis. A new "Job Run Overview" tab provides detailed information on job runs, and mapping files can be integrated directly into the logs. Improved Excel filters and the removal of merged cells also significantly simplify editing and error analysis.
The update also brings exciting new features for tax reporting under OECD BEPS 2.0. These include the integration of rules for deferred tax liabilities and support for the under-taxation rule (UTPR). These features help companies to make their tax reporting more efficient and accurate - both in the cloud and on-premise.
One highlight is the new Green Ledger. It enables companies to integrate environmental and sustainability indicators directly into the financial reporting process. Whether it's the CO2 balance or other ESG indicators - the Green Ledger makes it easier to meet regulatory requirements and helps companies get closer to their sustainability goals more quickly.
For more information about the new features, read our detailed technical article on Green Ledger
The Q4 2024 Update of SAP S/4HANA Group Reporting improves efficiency and user-friendliness. Important innovations include simplified multi-period data entry, optimized traceability protocols and the integration of OECD BEPS 2.0 for tax reporting. Of particular note is the Green Ledger, which helps companies integrate environmental and sustainability indicators into their financial reports and achieve their ESG goals.
