I have been lucky enough to be at the forefront of starting more than one business in related technical areas. And hence I can say with authority that business planning, budgeting and financial forecasting are few of the most important functions that need to be undertaken by both entrepreneurs in case of a start up and the management if it’s an established enterprise.
Proper planning and consolidation requires performance data on many operational levels of the company. Although most companies use Microsoft Excel for data consolidation, there are times when this very useful tool does not remain useful enough. Excel is not a data base and should not be used as one. It is in such cases that companies should use more hybrid solutions that give the ease of Excel but support much more complex operations with larger amounts of data.
SAP has understood this and come up with a modern planning application called SAP BusinessObjects Planning and Consolidation (BPC). This application has kept Excel at the heart of its solution and yet provides the benefits of a secure and robust data warehouse structure.
SAP BPC offers a robust multi-user platform that is integrated with Microsoft Excel and also leverages the powers of Microsoft SQL Server. The other version of this software uses SAP Netweaver as its back-end database. Even though some functionalities offered by these versions are different, the look and feel is almost the same to the end user. This is a multi-user platform which supports simple as well as complex processes. As it is also multi-dimensional, users are free to break down and re-assemble information according to their needs.
SAP BPC uses the OLAP technology which makes data available as soon as it is entered. Thus, saving time and efforts required for data aggregation. This further enables organizations to keep an accurate track of progress through the budgeting and forecasting processes.
The other benefits of implementing SAP BPC are:
• Better cash management with reduced financial risks
• Better planning and clearer view of the future
• Improved workflow version controls To know more on this,
Proper planning and consolidation requires performance data on many operational levels of the company. Although most companies use Microsoft Excel for data consolidation, there are times when this very useful tool does not remain useful enough. Excel is not a data base and should not be used as one. It is in such cases that companies should use more hybrid solutions that give the ease of Excel but support much more complex operations with larger amounts of data.
SAP has understood this and come up with a modern planning application called SAP BusinessObjects Planning and Consolidation (BPC). This application has kept Excel at the heart of its solution and yet provides the benefits of a secure and robust data warehouse structure.
SAP BPC offers a robust multi-user platform that is integrated with Microsoft Excel and also leverages the powers of Microsoft SQL Server. The other version of this software uses SAP Netweaver as its back-end database. Even though some functionalities offered by these versions are different, the look and feel is almost the same to the end user. This is a multi-user platform which supports simple as well as complex processes. As it is also multi-dimensional, users are free to break down and re-assemble information according to their needs.
SAP BPC uses the OLAP technology which makes data available as soon as it is entered. Thus, saving time and efforts required for data aggregation. This further enables organizations to keep an accurate track of progress through the budgeting and forecasting processes.
The Main Features of SAP BPC
SAP BPC allows organizations to maintain accurate data to keep a track of any changes in planning and management. This enables organizations to assimilate accurate and timely data for its forecasting needs. Its unified process allows for better planning, quicker requirement gathering and reporting consolidation. It helps to manage the business better and improves performance in the organization.The other benefits of implementing SAP BPC are:
• Better cash management with reduced financial risks
• Better planning and clearer view of the future
• Improved workflow version controls To know more on this,
