Steering efficiently by optimizing financial closing processes

This multi-tenant application, built on SAP Business Technology Platform, accelerates companies' financial processes by optimally integrating individual and consolidated financial statements into SAP environments. It is designed to integrate seamlessly into any existing SAP landscape.

Overview

Deliver data efficiently from company to group holding

Optimize the interface between decentralized legal entities and the group consolidation department by using group consolidation policies as part of the legal entity's closing process.

Centralize and automate tax reporting

Standardize tax processes for all companies and for all group-managed tax reporting scenarios with comprehensive end-to-end integration with SAP Financials.

Streamline your closing process with exceptional process guidance

Provide state-of-the-art process support at the junction between legal entity closing and group closing supporting audit-proof workflows and an appealing user interface

Details

Solution type

Extensions and Add-ons

Industry

Cross-Industry

Compatibility

Works with

This product is compatible with or enhances the functionality of these SAP solutions but doesn't require them.
SAP S/4HANA Cloud Private EditionSAP BuildSAP S/4HANA Cloud Public Edition

Features

Prepare data for transfer and consolidation

Harmonize company-specific data within uniform corporate structures. Automate intergroup reconciliations to resolve discrepancies early on. Perform group-level validations based on company-specific data and consolidation rules.

Prepare data for transfer and consolidation
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Use centralized tax directives for all tax entities

This solution calculates income taxes, reconciliations, and deferred taxes in accordance with the German Commercial Code (HGB) and International Financial Reporting Standards. It prepares and submits electronic balance sheets to the tax authorities and supports BEPS Country-by-Country reporting.

Use centralized tax directives for all tax entities
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Have an overview about the current state of the process

This solution includes a process monitor for guided workflows, deep SAP ERP integration, preview of group reports by individual units, and extensive customization options according to SAP standards.

Have an overview about the current state of the process
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Plans and pricing

All plans include:

Access to ConsPrep Cloud tenant

Technical Information

Solution type Extensions and Add-ons
Category Accounting and Financial Close
Industry Cross-Industry
Works with
  • SAP S/4HANA Cloud Private Edition
  • SAP Build
  • SAP S/4HANA Cloud Public Edition

Resources

Solution Overview

ConsPrep Preview Video

Architecture Overview

Publisher