SAP BPC application manages the entire fiscal consolidation along with the reporting aspects, thereby enhancing the intricacies related to the budget and hence greatly reducing the dangers related to this business unit. SAP BPC also can reduce fiscal implications arising and costs associated with outside auditing.
Following are the benefits an organization can derive by successfully implementing:
Improved agility: one can model new business specifications in accordance with the requirements the corporation and hence come out with a possible course of action that may substantially enhance the financial value of this corporation in regard to enhancing its overall business functionality, and hence attempting to minimize the dangers that will appear in future.
Reducing Chain time: All of the finance together with non-finance managers of the organization can restructure their procedures by creating appropriate forecasting, budgets that are perfect and successful strategies based on the future business demands.
Minimizing compliance issues and threats related to Business: using BPC application the data will soon be exact as the data will be stored in high-end ad hoc reports for current together with future data analysis.
Rise in the total productivity of a corporation: By effectively using BPC application errors and the dangers will likely be minimized and the productivity with regard to revenues is going to be enhanced to a greater extent.
SAP BPC Business Objects Planning and Consolidation (formerly Outlook Soft) is a corporate performance management tool that can cater for all types of planning and forecasting, from simple small processes to complex multi-layer processes, while also providing consolidation and easy to use reporting.
In a tough market, the pressure to get SAP Business Planning and Consolidation (BPC) right is all the more intense. Uncertain times demand more of organizations financial systems, as they call for complex data analysis and scenario planning.
SAP BPC is the financial management element of the enterprise performance management cycle. It entails business planning and forecasting, the reporting of actual performance data and both management and group consolidation.
SAP BPC should never be based on trial and error. It should be a fast, efficient and simple process. Yet, the opposite is often the case: BPC can be a time-consuming, resource-intensive and in many cases painful exercise.
Effective BPC, supported by efficient planning, forecasting and consolidation systems and tools, will enable organizations to:
- Align planning and forecasting to strategy
- Define planning requirements more precisely and consistently.
- Improve planning and forecasting accuracy
- Reduce planning and month-end financial close cycles .
- Achieve a more granular view of performance.
- Inform better decision-making.
- Centralize and streamline financial management.
- Simplify compliance and reporting.
This will mean increased productivity, reduced cost and enhanced profitability. And, perhaps most importantly, it will put organizations in a stronger financial position to achieve their strategic objectives.
Principle InfoTech offers world class consulting services for SAP EPM 10.0/BPC, we also offer migration services, upgrade and support services. All our clientele experiences best in class service within the allocated budget with quality and in time being the priority. Principle InfoTech also implements SAP BPC on HANA.