Overview
Product Information on SAP Financial Consolidation
What is SAP Financial Consolidation?
SAP Financial Consolidation Pricing
Overall experience with SAP Financial Consolidation
“Best tool for the consolidation of financial reports for businesses”
“Fast financial statements”
About Company
Company Description
SAP was founded in 1972 and is headquartered in Walldorf, Germany. The company employs over 105,000 people globally and develops software solutions for enterprise resource planning (ERP) and related business functions. SAP’s early products, SAP R/2 and SAP R/3, were widely adopted for managing core business processes. Its current ERP platform, SAP S/4HANA, uses in-memory computing to support data-intensive operations and integrates capabilities such as artificial intelligence and machine learning. SAP offers a portfolio of software applications that support various business functions across industries. These applications are designed to operate on a unified digital platform. As of 2025, SAP reports over 230 million cloud users and provides more than 100 solutions. The company’s offerings are used by organizations to manage finance, human resources, procurement, supply chain, and other operational areas.
Company Details
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A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: SAP Financial Consolidation
Performance of SAP Financial Consolidation Across Market Features
SAP Financial Consolidation Likes & Dislikes
The accuracy of data and integrity is what i liked the most. The software ensures data consistency and accuracy across the organisation by centralising financial data and applying validation checks during the consolidation process. This reduces discrepencies and enhances confidence in financial reporting. This tool also facilitates collaboration among finance teams and stakeholders across different locations.
The fast delivery of financial statements.
What I like most about SAP is that it stores all the records of the company. So any person with access to SAP can ask for any information recorded on it.
For organisations with large volumes of data and complex consolidation rules, performance issues such as slow processing times or system lag may occur. This can impact the efficiency of the financial consolidation process and user productivity. While SAP Financial Consolidation offers powerful capabilities for financial consolidation and reporting, potential users should carefully assess this drawback against their specific business needs.
Its not user friendly
What I dislike the most about SAP is that you can't make a mass-search of receipt codes without using VBS, so you will need to search one by one everytime.
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Peer Discussions
SAP Financial Consolidation Reviews and Ratings
- TAX AND COMPLIANCE ASST CONTROLLER10B+ USDServices (non-Government)Review Source
Best tool for the consolidation of financial reports for businesses
I have been using SAP FC for more than 10 years and i can say that the tool is a must for businesses that have multiple entities for financial reporting and consolidation. Software automates many aspects of the consolidation process which reduces manual interference and reduces the risk of errors. SAP Financial Consolidation provides an intercompany reconciliation matrix report which gets prepared automatically when the data from different intercompany is matched into the software. - Stage1B-10B USDIT ServicesReview Source
SAP - take care of your financial records
SAP is an excellent tool to organize all the material codes, price codes, and more information about all products and services a company produces, especially the big ones. For financial records it's a very good option. - Accounting1B-10B USDFinance (non-banking)Review Source
Fast financial statements
It delivers fast and accurate financial statements and is extremely flexible as the processing logic is controlled by a user defined set of rules. - Global Manufacturing Performance Engineer10B+ USDBankingReview Source
Great tool for processes but user interface could improve.
The data query process could be improved a little. It is hard to query data and filter out what you need. - CFO50M-1B USDFinance (non-banking)Review Source
Easy to use
Very responsive to the needs, fast learning, easy to control.