What is consolidation monitor in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: consolidation monitor

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: A graphic representation of consolidation units and/or consolidation groups, tasks and periods when applicable. The monitor is used to: Execute tasks for collecting the overall reported data, standardizing the reported data, and consolidation processing Monitoring the progress of task processing for individual consolidation units and groups.

Smart SAP Assistant

• Key Concepts: 
  The consolidation monitor is a tool within the Business Consolidation component of SAP that allows users to monitor and analyze the consolidation process. It provides a comprehensive overview of the consolidation process, including the status of each consolidation step, the data sources used, and any errors that may have occurred. The consolidation monitor also allows users to drill down into individual data sources and view detailed information about each one. 
  
  How to use it: 
  To use the consolidation monitor, users must first select the desired consolidation process from the list of available processes. Once selected, users can view the status of each step in the process, as well as any errors that may have occurred. Users can also drill down into individual data sources to view more detailed information about them. Additionally, users can use the consolidation monitor to compare different versions of a consolidation process and view differences between them. 
  
  Tips & Tricks: 
  When using the consolidation monitor, it is important to pay attention to any errors that may have occurred during the consolidation process. These errors can indicate potential issues with data sources or other aspects of the process, and should be addressed as soon as possible. Additionally, users should take advantage of the ability to compare different versions of a consolidation process in order to identify any discrepancies between them. 
  
  Related Information: 
  The Business Consolidation component of SAP also includes other tools such as the Consolidation Cockpit and Consolidation Workbench, which provide additional features for managing and analyzing consolidations. Additionally, SAP offers a variety of training courses related to Business Consolidation that can help users become more familiar with its features and capabilities.