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With the new release of SAP S/4HANA Group Reporting, SAP presents one of the most exciting advancements in the consolidation process: the Fiori app "Consolidation Monitor (New Version)." It not only boasts a more modern design but also elevates the entire consolidation process to a new level in terms of efficiency and flexibility – truly delivering "one-click consolidation." Both versions of the Consolidation Monitor are currently available in the system.
The new app gradually replaces the previous consolidation monitor and offers numerous functional improvements. While the old monitor displayed measures in a matrix, the new version uses a clear list view structured by consolidation group, process period, and measure. This makes navigation more intuitive and significantly improves the overview of multiple consolidation groups or periods.
Transparency is a key feature, especially in consolidated financial statements. The new interface enables quick and targeted management of all relevant measures. Automatic, manual, and dependent actions are clearly displayed, status changes are immediately visible, and all consolidation processes can be managed centrally.
A key new concept is the introduction of process periods. This allows multiple fiscal years or periods to be bundled and processed together. This saves time and reduces the effort involved in recurring financial statements. Simultaneous processing of multiple consolidation groups in a single run is also possible, which is particularly advantageous for corporate groups with complex hierarchical structures or international subsidiaries.
The "Open/Close Periods" function also allows multiple periods to be opened or closed simultaneously. This grouping enables extremely flexible periodic control of consolidation measures.
The centerpiece of the new app is the "Run Full Consolidation" function. With just one click All automated consolidation measures are initiated without requiring the user to trigger each step individually. The monitor handles job control, executes the measures sequentially, and transparently displays the progress. The key feature: Execution can also be scheduled via the central job scheduling system ("Schedule Jobs for Consolidation Tasks"), for example, overnight or at specific times.
The combination of automation and flexible control significantly reduces manual effort and ensures a consistently traceable process history – from individual financial statements to consolidated financial statements.
Also new is the ability to execute actions individually or in batches, block them, or change their status – all directly within the app. For manual booking steps, you are automatically redirected to the appropriate Fiori app. This makes the integration of the consolidation environment even smoother.
With Release 2508, SAP also introduces push notifications. Users are automatically informed as soon as a consolidation is complete or a measure fails. This significantly simplifies monitoring and minimizes waiting times for results review.
Another useful new feature is the percentage completion indicator, which displays the processing progress at any given time. Actions with the status "Blocked" or "User Intervention" are included in this metric, allowing you to see at a glance where your completion process stands.
Detailed action and job logs provide deeper insights into the process of each consolidation. They help to quickly identify sources of error, thus enabling significantly more efficient troubleshooting than before.
The new period logic allows for individual control of different period assignments (monthly, quarterly, or planning-based). This enables companies to adapt their consolidation cycles to their own reporting and planning processes without requiring complicated reconfiguration.
The transition between multiple periods is also seamless: With just one click, process periods can be bundled and consolidated together – ideal for organizations with parallel financial statements or reporting levels.
The new version of the Consolidation Monitor now allows for the simultaneous display and management of multiple versions. While users previously had to switch back and forth between individual versions, versions can now be filtered and monitored together with multiple periods and consolidation groups in a consistent monitor view. This creates, for the first time, true, cross-version transparency across all relevant financial statement statuses. This significantly increases efficiency, especially in complex corporate structures, because analysis, comparison, and processing are considerably faster and more structured. Users can thus benefit noticeably from more flexible management of their consolidation processes – without media breaks or context switching.
The new advantages at a glance:
And finally ...
With the new "Consolidation Monitor" app, SAP Group Reporting takes consolidation to the next level. "One-click consolidation" is no longer a vision, but a lived reality: efficient, transparent, and future-proof. Companies that want to accelerate their closing processes and simultaneously improve management should prepare to switch to the new app now.
We will gladly support you in making the best use of the new features for your consolidated financial statements.
