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Be prepared for the future and get to know amazing developments, SAP BCS/4HANA!
With the classic products SEM-BCS (Business Consolidation System) and EC-CS, SAP has always provided technologies with comprehensive functionality that significantly accelerate and effectively structure your consolidated financial statement process.
SAP BCS/4HANA is the latest SAP tool for group reporting and preparation of consolidated financial statements based on a SAP BW/4HANA.
Take advantage of that SEM BCS Continue on a BW/4HANA platform and benefit from new innovations of BCS/4HANA.
Alternatively, SAP offers a complete strategy with SAP S/4HANA S/4HANA Finance for Group Reporting with a completely new, very strongly integrated approach. The financial consolidation is carried out technically close to the source of the data, the individual financial statements of the individual companies.
With SAP BCS/4HANA as the “successor” of SEM BCS on BW/4HANA you can design your consolidation processes efficiently on a BW/4HANA platform. The sophisticated solution offers a variety of extensive functionalities that help you carry out your consolidated financial statements for actual and planned data. Thanks to SAP BCS/4HANA, you can process and analyze even large amounts of data particularly quickly and, to a large extent, automatically as part of the closing process. Through the Maintenance commitment until 2040 Thanks to SAP, this solution is also on stable ground in the long term and gives your company planning and investment security.
The further development of SAP BCS for SAP BW/4HANA, called BCS/4HANA, offers the functionality of the old SEM-BCS tool with additional new features. These include simpler customization, improved closing processing, and enhanced posting logic.
With the introduction of SAP BCS/4HANA, SAP offers the possibility to continue to use almost all functionalities of SAP SEM-BCS, e.g.:
With SAP BCS/4HANA you access the latest business warehouse solution, currently BW/4HANA 3.0. Based on this, you have the option of integrating heterogeneous ERP system landscapes and harmonizing the data for the consolidated financial statements.
Furthermore, on BW/4HANA you have the option of running other SAP solutions on the platform in addition to SAP BCS/4HANA (e.g SAP BPC). BW/4HANA can act as a “single source of financial truth”. Also the reporting systems such as Analysis for Office or SAP Analytics Cloud are an integral part of this architecture.
In addition, SAP BCS/4HANA offers you additional functionalities. Examples would be:
Efficient data processing:
Direct access to reported financial data – without replication.
User-friendly workflows:
Improved functions for upload/download, action management and commenting on summary data.
Flexible configuration:
Version-dependent settings for account assignments, easy activation of special functions (e.g. partial disposal as a capital transaction or OCI recycling).
Optimized document management:
Powerful copying of individual items, logging of status changes and convenient processing of manual documents.
Advanced consolidation logic:
Adjustment of capital consolidation after the initial consolidation date, bidirectional validation of investment data and consistent restatement functionalities.
Intelligent reporting:
Support for multidimensional matrix consolidation for management reports and integration with SAP Analytics Cloud and Analysis for Office.
User-oriented control:
Multiple selection for consolidation groups, easy change of period status and targeted action control via named individual selections.
Would you like to carry out your future consolidation with SAP BCS/4HANA? We from INSIRE offer you extensive services in connection with SAP BCS/4HANA. Among other things, we support you with the implementation of the tool, provide training courses for employees and design tailor-made solutions.
With SAP BCS/4HANA you get a powerful and user-friendly system that improves, simplifies and accelerates your consolidated financial statements.
Our experienced and qualified team will be happy to support you with all your questions and requirements financial consolidation.
