EY ifb Packaged Solution for financial consolidation

What EY can do for you

Financial consolidation should be a reliable and straightforward process. However, many companies still struggle with disconnected systems and error-prone manual processes, while their financial functions face internal pressure to deliver better, faster analytics and real-time data. There are external pressures, too, with regulators and shareholders demanding specific data around ESG targets, risk and compliance.

S/4HANA platform offers Chief Financial Officers (CFOs) an opportunity to develop a seamless integration between transactional data and financial reporting, using the SAP Group Reporting solution.

An integrated, fast, automated financial consolidation process offers competitive advantages and significant cost reductions. This means a complete end-to-end process, solving the integration of SAP and non-SAP data sources as well as non-financial data, while eliminating all manual processes to improve quality and speed. It provides a financial consolidation functionality based on in-memory data integration and the flexibility to use data from different data sources.

EY ifb Packaged Solution for Financial Consolidation consists of a core offering with optional extensions. We provide organizations with an end-to-end statutory consolidation solution based on their business and reporting requirements. It builds upon a standard set of templates and use cases.

Its implementation offers a seamless integration with S/4HANA Finance accounting systems or any other GL/ERP platform, to effectively achieve compliance. We make use of SAP Best Practices and have built our templates in a modular way to give you all the flexibility to extend Group Reporting for other accounting processes and reporting solutions.