What is realtime update in SAP EC-CS - Consolidation?

SAP Term: realtime update

• Component: EC-CS

• Component Name: Consolidation

• Description: A data transfer method that updates every business transaction relevant to the general ledger in the totals records of the consolidation processing ledger. A precondition for realtime update is that the sender and receiver of data work in the same SAP system and client.

Smart SAP Assistant

• Key Concepts: 
  Realtime update in SAP EC-CS Consolidation is a feature that allows users to update their financial data in real time. This means that any changes made to the data are immediately reflected in the system, allowing for more accurate and up-to-date financial reporting.
  
  How to use it: 
  To use the realtime update feature in SAP EC-CS Consolidation, users must first set up the system to allow for realtime updates. This can be done by enabling the “Realtime Update” option in the system settings. Once enabled, users can then make changes to their financial data and those changes will be reflected in the system immediately.
  
  Tips & Tricks: 
  When using the realtime update feature, it is important to remember to save any changes made before exiting the system. This will ensure that all changes are properly reflected in the system and that no data is lost. Additionally, it is important to regularly check for any errors or discrepancies in the data as these can be easily missed when using realtime updates.
  
  Related Information: 
  For more information on how to use the realtime update feature in SAP EC-CS Consolidation, please refer to the official SAP documentation or contact your local SAP support team. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.