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Financial Consolidation Consulting
Financial Consolidation, supported by SAP Strategic Enterprise Management Business Consolidation, or SAP SEM BCS, is a complex subject, requiring deep expertise across a wide variety of domains, both financial and technical.
SAP BW Knowledge Required
In addition to being well versed on the finer aspects of corporate financial consolidation, a fully qualified SEM BCS SAP consultant also needs to understand how to specify and configure required SAP BW (SAP Datawarehouse) system, as it is an integral part of the system.
SAP SEM BCS Consulting
We provide SAP Certified SAP SEM BCS Consulting Support to companies like yours. We can help you set up or refine your consolidation chart of accounts, in full compliance with the applicable IFRS and GAAP Rules while helping you:
- Deal with foreign currency conversion rate differences.
- Work with the various acquisition methods, such as equity method.
- Eliminate inventory differences.
- Use the SAP SEM BCS Consolidation Monitor to ensure your consolidation process is on track.
We have worked with very large multi-national companies with thousands of legal entities and very complex relationships as well as government entities and smaller enterprises. What is key is working the issues in organized, methodological manner that is proven to work, time and again.
Preparing Your Consolidated Financial Statements
Did you know you can use SEM-BCS to track the progress of the consolidated financial statements in real time and process data at the same time. The reclassification function of SAP BCS allows you to perform the consolidation tasks that are not yet automated to meet your statutory requirements for creating consolidated financial statements. You can also perform proportionate consolidation with reclassifications Proportionate Consolidation. This can greatly simplify the consolidation process.
Financial Data Collection Automation
SAP SEM BCS optimizes the consolidation processes, collects and analyzes financial data, including master data and transaction data, down to the receipt level, meets compliance requirements and improves reporting. It allows data collection from both SAP and non-SAP systems. SAP SEM BCS uses the functions of SEM-BIC for collecting financial statement data of the subsidiaries.
Leverages SAP Business Warehouse multidimensional Data Model
SEM BCS, in contrast to SAP EC-CS, uses a multidimensional data model in the SAP Business Warehouse. This provides the ability to map your business requirements much more flexibly. Need to create a cost center that crosses country borders and handles multiple transaction currencies and tax regime simultaneously? SEM BCS is your tool of choice.
Easy Elimination of Inter-unit Profit/Loss of Transferred Assets
Whether you're dealing with inventory profit or loss or asset transfers, both between business units or to outside entities, SEM BCS provides you with an easily executed and tightly integrated consolidation process. Hou can load reported financial data from transactional SAP systems directly into SEM-BCS without extracting them to BI storage first.
Advanced Group Reporting
SAP SEM BCS offers provides companies modern group reporting that meets increasingly complex business process requirements. Successor systems, like SAP FC, S/4 for Group Reporting offers intuitive definable posting logic as well as consolidation processing that can be automated and easily tracked.
Reliable Internal Decision Support
Because SEM BCS offers various methods that support both the Purchase Method and Equity Method, it plays a key role in helping the CFO and CEO make strategic decisions informed by accurate financial reporting.
Not sure where to start?
Just complete the SAP SEM BCS Consulting Services Request Form on the right and we'll get started.
We have one of the most capable SAP SEM BCS teams available in the market.