Group Reporting Data Collection (GRDC) is a robust, cloud-based tool integrated with SAP S/4HANA Group Reporting, designed to streamline the capture of financial, non-financial data, and accompanying comments. This tool is particularly valuable for organizations that need to gather additional data for reporting, consolidation, and disclosure purposes, either within an SAP S/4HANA ERP environment or independently.
SAP GRDC Forms, a key feature of GRDC, allows users to create and manage custom forms for collecting non-financial data. This functionality supports companies in capturing a wide range of data from various departments and stakeholders. Whether an organization utilizes SAP S/4HANA ERP or not, GRDC provides a flexible solution for collecting and managing reported data.
To capture non-financial data using GRDC Forms, users begin by designing and creating a form tailored to their specific data collection needs. Once the form is prepared, it can be shared with relevant stakeholders to gather the necessary information. The collected data is then integrated into reports and dashboards, enabling comprehensive analysis and insights into the company’s performance.
For instance, a manufacturing company might use GRDC to track its environmental impact by collecting data on greenhouse gas emissions and water usage. This information can be utilized to generate sustainability reports, aiding in transparency and regulatory compliance. Similarly, a retail company might leverage GRDC to gather data on customer and employee satisfaction. By analyzing this data, the company can enhance customer service and boost employee engagement. Financial services firms can use GRDC to capture data related to their risk profiles, helping them make informed decisions regarding risk management.
Non-financial data capture is essential for various reasons, including regulatory compliance, transparency with stakeholders, accountability for social and environmental impacts, and improved decision-making in resource allocation, strategic planning, and risk management. GRDC facilitates the collection of diverse non-financial data types, such as sustainability metrics, statistical information like accounts receivable/payable aging, and non-financial performance indicators like sales growth and market share. It also supports data collection for ad hoc projects and information from subsidiaries or entities not utilizing SAP S/4HANA.
The process of using GRDC involves several key steps to ensure effective data collection. Initially, users manage forms by creating folders to organize their data collection efforts. They then proceed to manage packages, which involves setting up packages for data entry and defining the associated steps. Once these packages are configured, users create forms by selecting the appropriate folder, entering general information, and designing the form layout.
In the form design phase, users drag and drop dimensions into rows, columns, and filters as needed. They can further customize the form by selecting filters and adding financial statement items in rows and columns. This customization ensures that the form captures all necessary data points in a structured and organized manner.
After the forms are set up, users enter data into the system through the Enter Package Data application. Here, they select the package associated with the form, open the specific form, and manually input the required information. The entered data is then saved and displayed within the schedule, providing a clear view of the information collected.
Overall, GRDC is a powerful tool for managing and capturing both financial and non-financial data, enhancing reporting accuracy and efficiency. Its integration with SAP S/4HANA enables seamless data management and analysis, supporting organizations in their consolidation and reporting activities. By utilizing GRDC, businesses can improve their data collection processes, ensure regulatory compliance, and gain valuable insights to drive informed decision-making and strategic planning.
