{"id":32274,"date":"2024-06-20T15:49:24","date_gmt":"2024-06-20T13:49:24","guid":{"rendered":"https:\/\/www.qintesi.com\/?post_type=portfolio&p=32274"},"modified":"2024-06-20T15:50:53","modified_gmt":"2024-06-20T13:50:53","slug":"consolidated-financial-statements-with-sap-group-reporting","status":"publish","type":"portfolio","link":"https:\/\/www.qintesi.com\/en\/portfolio\/consolidated-financial-statements-with-sap-group-reporting\/","title":{"rendered":"Consolidated financial statements with SAP Group Reporting"},"content":{"rendered":"
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Challenge<\/h4>

A major player, a leader in the <\/span>market for home and personal care products<\/b>, with offices both in Italy and abroad, expressed the need to <\/span>automate its consolidation process<\/b> to prepare consolidated statutory financial statements in accordance with <\/span>ITA GAAP<\/b> national accounting standards. The goal was to implement the <\/span>SAP Group Reporting<\/b> system to replace the previous manual process managed in Microsoft Excel.<\/span><\/p><\/div>

\u00a0<\/div>

Solution<\/h4>

As part of a program of evolution of its <\/span>SAP S\/4HANA<\/b> application platform, the Client expressed the need to govern the consolidation process in a structured and efficient way, in order to optimize procedures and guarantee the consistency of the final consolidation data. The choice therefore fell on <\/span>SAP Group Reporting<\/b>, which is natively integrated into S\/4HANA from which it inherits master data and data and guarantees <\/span>high performance<\/b> in terms of <\/span>data processing time<\/b>.<\/span><\/p>


With the adoption of SAP Group Reporting, the Group was able to structure the process of preparing the consolidated statutory financial statements in a homogeneous way, unifying the information needs of Group reporting in a single tool. Results have been achieved in terms of <\/span>less time consuming<\/b> in the process of preparing the Consolidated Disclosure, whose quantitative information is historicized, easily usable and navigable.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Results\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tConvergence of the statutory consolidation process into a single environment and reference tool<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tOptimizing the time of the closure process, ensuring higher data quality<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tData and Process Certification and Data Audit<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tEnhanced integration between management reporting and ordinary accounting, ensured by sharing master data between the accounting model and the consolidated model<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Quote<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    The introduction of an application to support consolidation processes, previously managed through the use of Excel spreadsheets, was one of the main tangible benefits recognized by the client. Through the integration with SAP S\/4HANA and the structured management of the closure steps executable through a dashboard, error margins and processing times have been significantly reduced with a view to Fast Closing.<\/div>\n\t\t\t\n\t\t\t\t\t\t
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    \n\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t
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    Pietro Idone<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
    Senior Manager, Qintesi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Le informazioni contenute in questo documento sono di propriet\u00e0.
    Copyright \u00a9 2014 Qintesi S.p.A. Tutti i diritti riservati.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    Challenge A major player, a leader in the market for home and personal care products, with offices both in Italy and abroad, expressed the need to automate its consolidation process to prepare consolidated statutory financial statements in accordance with ITA GAAP national accounting standards. The goal was to implement the SAP Group Reporting system to […]<\/p>","protected":false},"author":1,"featured_media":32265,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"portfolio_category":[],"portfolio_tag":[907,1119,1120,1121,849],"servizi-offerti":[811,808],"moduli_implementati":[1122],"settore":[829],"class_list":["post-32274","portfolio","type-portfolio","status-publish","format-standard","has-post-thumbnail","hentry","portfolio_tag-sap-fiori-en-2","portfolio_tag-consolidation-en-2","portfolio_tag-disclosure-en-2","portfolio_tag-finance-en-en","portfolio_tag-reporting-en-en-2","servizi-offerti-management-consulting","servizi-offerti-digital-transformation","moduli_implementati-sap-group-reporting-en-2","settore-automotive-consumer-goods-en"],"yoast_head":"\nConsolidated financial statements with SAP Group Reporting - Qintesi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.qintesi.com\/en\/portfolio\/consolidated-financial-statements-with-sap-group-reporting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consolidated financial statements with SAP Group Reporting - Qintesi\" \/>\n<meta property=\"og:description\" content=\"Challenge A major player, a leader in the market for home and personal care products, with offices both in Italy and abroad, expressed the need to automate its consolidation process to prepare consolidated statutory financial statements in accordance with ITA GAAP national accounting standards. 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