Consolidation monitor in SAP group reporting - a brief

The Consolidation Monitor in SAP Group Reporting is your command center for managing the actual consolidation process. It provides a centralized overview and control over all the tasks involved in consolidating the financial data of your subsidiaries.

Purpose of the Consolidation Monitor

• Centralized Consolidation Management: Provides a single point of access to manage all consolidation activities for all your consolidation groups.
• Process Orchestration: Allows you to define and execute a sequence of consolidation tasks in a controlled manner.
• Real-time Monitoring: Enables you to track the progress of consolidation tasks in real-time and identify any issues.
• Error Handling: Provides tools to identify and correct errors during the consolidation process.
• Audit Trail: Logs all consolidation activities, providing an audit trail for compliance and analysis.

Key Features

• Task-Oriented Approach: Organizes consolidation activities into a series of predefined tasks (e.g., data elimination, currency translation, consolidation of investments).
• Group-Based Consolidation: Performs consolidation at the consolidation group level, allowing for flexible consolidation structures.
• Status Monitoring: Tracks the status of each task (e.g., not started, in progress, completed) for each consolidation group.
• Flexible Execution: Allows you to run tasks in test mode (to simulate the process) or in update mode (to actually perform the consolidation).
• Background Processing: Enables you to run tasks in the background, freeing up system resources.
• Integration with Data Monitor: Works seamlessly with the Data Monitor to ensure that data is properly prepared before consolidation.

Steps in Using the Consolidation Monitor

1. Access the Consolidation Monitor: You can access the Consolidation Monitor through the "Consolidation Monitor" app in the SAP Fiori launchpad.
2. Select Consolidation Group and Version: Choose the consolidation group and the reporting version you want to work with.
3. Review Tasks: The Consolidation Monitor displays a list of predefined consolidation tasks for the selected group. These tasks typically include:
   • Preparation for Consolidation: Includes tasks like carrying forward balances, reclassifying data, and performing final validations.
   • Group Changes: Handles changes in the group structure (e.g., new subsidiaries, mergers, divestitures).
   • Eliminations: Performs intercompany eliminations.
   • Consolidation of Investments: Consolidates investments in subsidiaries using various methods (e.g., equity method, purchase method).
4. Execute Tasks: You can execute tasks individually or in a sequence. You can choose to run them in "test mode" first to simulate the process and check for errors.
5. Monitor Progress: The Consolidation Monitor displays the status of each task. You can track the progress and identify any issues.
6. Error Handling: If errors occur, the Consolidation Monitor provides information about the error and allows you to take corrective action. You can then re-run the task after resolving the error.
7. Review Results: Once all tasks are completed, you can review the consolidated financial statements and perform further analysis.

Tips for Effective Use

• Understand the Task Sequence: Familiarize yourself with the predefined tasks and their dependencies to ensure a smooth consolidation process.
• Utilize Test Mode: Always run tasks in test mode first to identify and resolve any errors before performing the actual consolidation.
• Monitor Regularly: Track the progress of consolidation tasks regularly to identify and address any issues promptly.
• Document Processes: Maintain clear documentation of your consolidation processes and any customizations you make to the Consolidation Monitor.

By effectively using the Consolidation Monitor in SAP Group Reporting, you can streamline your consolidation process, ensure data accuracy, and gain valuable insights into your group's financial performance.