Group Reporting is the latest and greatest legal and management consolidation solution, specifically aimed at the S/4HANA platform.  It replaces SAP BPC and utilizes the SAP Business Consolidation (BCS) solution as its foundation.  Group Reporting offers Real Time Consolidation as it resides on the S/4HANA database.  This means you can perform certain consolidation functions (ie Intercompany balancing) prior to the actual close.

Introducing SAP S/4HANA – Group Reporting…

For a closer look…