SAP Business Planning and ConsolidationWhat is SAP BPC (BPC) is an application that supports the data gathering, internal and external financial reporting, and financial analysis needs of the CFO. It is part of SAP’s Enterprise Performance Management portfolio of applications. It is a flexible unified platform that can be tailored to fit the unique needs of an organization providing both a web based experience, as well as Excel, Word or PowerPoint integration.

 

BPC provides a consistent look and feel to the finance or business users working with financial reporting, monthly consolidation, or the annual budgeting processes. Many other activities such as operational planning, cost allocations, labor planning, capex planning also can benefit from BPC.

 

Top 3 Business Benefits of SAP BPC

    1. Improved Use of Big DataIt’s easy to collect data in pretty much every domain of business, but without a good way to systematically analyze it, organizations struggle to unlock the benefit. SAP BPC allows you to identify useful information and use it for actionable insight, while providing an audit trail to trace it back to the source system.

       

      SAP BPC projects can even harmonize multiple charts of accounts and other data to measure and report on the key performance indicators of the organization. For example, a manufacturing client has leveraged SAP BPC Drill Through Functionality and BW to create a consolidated chart of accounts, allowing them to quickly see the local account details that correspond to specific amounts in the consolidated financial reports.

 

    1. Data Integrity and Process OptimizationSAP BPC allows you to address complex and arbitrary questions to streamline business processes throughout your organization. It makes the planning cycle faster, standardizes the management reporting rollups, and provides for having one version of the truth.

       

      One client, a consumer products company, uses SAP BPC to bring together plan data from multiple sources for a single repository of reportable data at a point in time.

       

      Keeping track of what was in the original budget or prior period expenses can be challenging in rapidly changing organizations — and the flexibility of SAP BPC makes it much easier for the finance team to control reorganizations of their historical reporting, or create alternate data versions for different forecast simulations.

     

    1. Smarter Decisions — and Decision-MakersStrategic decision-making isn’t the scientific process we’d like it to be. Execs and board members may follow their own hunches and agendas or go along with internal company culture, even as the market evolves. With SAP BPC, execs can investigate their ideas, get answers to their questions, and learn to think more critically about their business and industry.

       

      With SAP BPC, companies can evaluate multiple scenarios in minutes, which would take many days in an offline budget process. For example, a utility client using BPC to create and analyze their two year labor plan can quickly change assumptions for labor rates or overhead expenses, and see the financial impact across their organization.

     

    Getting the Most Out of SAP BPC Requires the Right Guide

     

    Company decision makers have less and less time to act. By deploying SAP BPC, companies can reduce their planning and consolidation cycle, automate closing of the financial ledger, quickly update forecasts to changing market conditions, and much more. An experienced SAP partner can help you evaluate BPC in light of your SAP use cases, and make the most of its powerful and versatile functionality.