SAP SEM BCS (Strategic Enterprise Management Business Consolidation System) is a classic SAP product and is used by numerous large corporations for the preparation of consolidated financial statements, group planning and reporting.
Users of SAP SEM BCS have access to a wide range of functions that significantly accelerate the consolidation process.
Both business users and IT managers can flexibly adapt the system to their specific requirements.
In contrast to its predecessor EC-CS and the strategic consolidation solution Group Reporting, SEM-BCS is based on a multidimensional data model in the SAP Business Warehouse.
This allows you to map business requirements very flexibly and automatically.
Thanks to the existing process view for the specialist department, you can use SEM-BCS to track the progress of the consolidated financial statements in real time and process data at the same time.
The consolidation monitor provides you with an overview of the consolidation steps and consolidation units that have already been carried out.
The consolidation steps are visible on the basis of tasks that are created in a specific order – the task hierarchy.
Consolidation managed in this way provides audit measures at various levels which, in addition to the business requirements – such as assets = liabilities – also validates the technical requirements and informs you via information, warning and error messages whether you can continue the process or whether manual intervention is necessary.
This enables you to record, evaluate and report on all Group data in real time.
The SEM-BCS software works with documents.
These in turn are created on the basis of the account assignment level concept.
Regardless of whether the tasks are carried out automatically or you make manual postings, you can view every document at any time.
All documents are assigned a unique document number and account assignment level during a posting process.
Another advantage of SEM-BCS is the ability to test the execution of measures.
This allows you to see immediately whether error or warning messages have been generated and you can correct them before the first real posting run.