Soudal SAP S/4HANA Group Reporting Project

After a successful implementation of S4/HANA Finance for local close, Soudal was looking to replace the group close solution based on MS Excel templates.

SAP S/4HANA Group Reporting is a solution that integrates seamless with S4/HANA and in view of most of the companies being on S4, Soudal went ahead with the implementation of SAP Group Reporting to reap the benefits of a fully integrated group close.

The project comprises the activation of the best practices content for Group Reporting as a first step, followed by the configuration of the functionalities according to Soudal specifications.

As such, master data was loaded and consolidation rules were configured to be complaint with BEGAAP standards, intercompany matching and reconciliation (ICMR) was implemented as well as the ability for non-SAP companies to load trial balances into SAP Group Reporting and submit their reporting package.

SAP Analytics Cloud (SAC) is used as reporting front-end for the Group Reporting consolidated data.

Net debt reporting, equity reconciliation reports, KPI reporting (DSO, DIO, DPO) and consolidated contribution reports for Balance Sheet and Profit and Loss were built in SAC, allowing the Finance department to step out from the MS Excel disconnected spreadsheets and use SAC as their window to the consolidated group reporting for Soudal.

The Finance team will reconsolidate all twelve months of the year 2022 in less than 5 weeks before going live in January 2023, which will allow them to have comparative figures when reporting over 2023.